After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Asian markets make gains on upbeat Chinese data June 9, 2014 Asian markets are on the rise after data from China showed a rise in the May trade surplus, with exports jumping seven per cent on year. The rise in exports can partly be attributed to the easing of distortions caused by over-invoicing. On Friday, the Dow Jones and the S&P 500 rose to record highs after [...]
What the other papers say this morning – 09 June 2014 June 9, 2014 FINANCIAL TIMES Swedes hit Juncker’s EU hopes Jean-Claude Juncker’s ambitions to be the next European Commission president have been dealt a further blow after Sweden’s prime minister Fredrik Reinfeldt raised questions about the credibility of the process for filling the top job in Brussels. Russian companies to trade renminbi Russian companies are preparing to switch [...]
Luxury brands’ share prices are falling today. Here’s why June 6, 2014 Yesterday's shock results from luxury stalwart Prada have had a knock-on effect this morning. The brand lost over six per cent, hitting a two-year low, after announcing a surprise fall in quarterly sales and suggesting a possible slashing of its full-year guidance. And this morning, it's dragging down other major luxury retailers with it. Shares [...]
Asian markets cautious ahead of US jobs report June 6, 2014 Asian markets swung between gains and losses as investors look ahead to today's US jobs report. US May non-farm payrolls are expected to show jobs expanded by 218,000 last month, according to a Reuters poll. Markets were buoyed by the European Central Bank's decision to cut interest rates to head off the risk of deflation. Meanwhile, US stocks [...]
How China’s A-Shares are being brought in from the cold June 5, 2014 China took a step closer to becoming a fully signed up member of the international stock market community today after a series of benchmarks were launched by FTSE to help stockpickers gradually integrate the burgeoning superpower into their investment portfolios. Chinese A-shares, shares of Chinese companies traded on Shanghai Stock Exchange and the Shenzhen Stock [...]
Asos share price crashes 42pc as it slashes margin guidance June 5, 2014 A shock announcement from Asos this morning. The online fashion retailer has cut its full-year operating profit margin from 6.5 per cent to 4.5 per cent. Investors have reacted with extreme wariness – the share price has just slumped over 42 per cent. Asos has been heading off the impact of a flurry of competition, heavy [...]
Asian markets slide before ECB meeting June 5, 2014 Asian markets have taken a turn for the worse in anticipation of the European Central Bank's (ECB) meeting later today. The ECB is expected to cut the primary refinancing rate to 0.1 per cent and commence a host of stimulus measures, according to survey of economists conducted by Reuters. More good news on the US [...]
China to fuel fresh boom in TV income for English clubs June 4, 2014 ENGLISH football is on course for a Chinese invasion that is likely to propel top clubs’ already rocketing income to even giddier heights, industry experts have predicted. Despite the majority of teams now being foreign-owned, including Abu Dhabi-bankrolled Manchester City, China, the world’s second largest economy, is yet to flex its muscles in the Premier [...]
What you need to know before the US open June 3, 2014 A lower open is expected for European markets this morning, as investors look towards inflation and unemployment numbers for the Eurozone. The prospect of new intervention from the European Central Bank, expected to be announced at its policy meeting this week, has been buoying market confidence. Asian counterparts moved higher in trading today, on the [...]
Asian markets buoyant on Chinese PMI data June 3, 2014 Asian markets are up for the second day after data showed the Chinese services sector grew at its fastest pace in six months in May. The official non-manufacturing purchasing managers' index rose from April's 54.8 to 55.5 in May, according to the National Bureau of Statistics. New orders reached an eight-month high of 52.7, up [...]