After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
CNBC Comment: Bulls versus bears on stock valuations May 5, 2014 IT MIGHT seem a long time until 13 September, but at the beginning of May it’s a key date. This year it brings Britain’s classic horse race, the St Leger. It’s also the day when, according to the old saying, investors should put their money back into the stock market after selling in May. There’s [...]
What you need to know before the open May 1, 2014 A flat open is expected this morning after a further taper from the Fed yesterday. Investors didn’t seem to focus too much on the weather-induced shock drop in first quarter growth in the US – to just 0.1 per cent, looking instead at the more confident Fed statement, strong ADP employment report and Chicago manufacturing [...]
Is a foreign language worth the investment? May 1, 2014 English may be a lingua franca, but another tongue could boost your job prospects AN INCREASING number of foreign multinationals – from Airbus to Samsung – now mandate English as the common corporate language. In 2010, Japanese services firm Rakuten hit headlines when it announced it would become an English-only organisation. “English is the only [...]
Is a foreign language worth the investment? April 30, 2014 English may be a lingua franca, but another tongue could boost your job prospects AN INCREASING number of foreign multinationals – from Airbus to Samsung – now mandate English as the common corporate language. In 2010, Japanese services firm Rakuten hit headlines when it announced it would become an English-only organisation. “English is the only [...]
Why Britain shouldn’t fear a stronger pound April 30, 2014 THE RISING pound is causing some concern. “City squeezed by stronger pound” proclaimed the headline in Monday’s City A.M. – reporting the impact of sterling’s rise on the translation of overseas profits. There have also been worries that a rising pound could stifle the recovery of manufacturing output and exports. So what are the facts? [...]
Cirrus snaps up British rival Wolfson for £291m April 29, 2014 AUDIO semiconductor-maker Wolfson Microelectronics has agreed a £291m takeover by Texas rival Cirrus Logic. Announced yesterday, the cash deal will see Wolfson’s shareholders receive 235p per share, a 76 per cent premium to the share’s value prior to the deal. The valuation still marks a significant drop from Wolfson’s peak in 2006 when the Edinburgh-based [...]
Forecast says China on course to reach growth target for the year April 28, 2014 THE INTERNATIONAL Monetary Fund (IMF) hiked its expectation for Chinese growth in 2014 yesterday, indicating that the country will reach its target for a 7.5 per cent expansion. The forecast was increased by 0.3 percentage points from the previous estimate in October, despite poor indicators for the manufacturing sector during the first quarter of the [...]
DailyFX Tips & Picks: Why the Chinese yuan has been plummeting this year April 28, 2014 A NEW and exciting currency pair has entered the stage and, with it, a strong rally. The newly introduced USD/CNH is the offshore equivalent of the Chinese yuan and, since the start of 2014, it has rallied by 2,300 pips. A rally in this case means a depreciation of the Chinese yuan. At the beginning [...]
British retailers lure overseas online browsers April 28, 2014 THE NUMBER of overseas shoppers browsing the web for British clothing and footwear retailers has surged in the past year, with department stores grabbing a greater share of the attention, new figures released today show. Retailers have been pushing ahead with international expansion plans to offset slowing growth and weak consumer spending at home, using [...]
Asian markets slide after US housing slowdown April 24, 2014 Asian markets are in retreat after the US posted worse than expected home sales and Japanese prime minister Shinzo Abe confirmed that a trade deal with the US had not yet been agreed. It was hoped that a successful free trade deal between the US and Japan would be precursor to the completion of the [...]