After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
What the other papers say this morning – 24 April 2014 April 23, 2014 FINANCIAL TIMES Deutsche Bank under pressure Deutsche Bank is facing pressure from investors to raise capital amid fears the bank is still not robust enough to cope with a tougher regulatory environment and a slump in global debt markets. Insiders at Germany’s largest lender are understood to accept as a real threat that the European [...]
Asian markets shrug off Chinese manufacturing data April 23, 2014 Asian markets are relatively flat after Chinese manufacturing data came in line with expectations but still showed the sector in contractionary territory. Markit's manufacturing purchasing managers' index (PMI) rebounded, from 48 in March to 48.3 in April, exactly in line with Bloomberg's median forecast. The pick-up was primarily due to rebounds in the output and [...]
Boeing pens $4.6bn plane deal with Chinese airline Shandong April 22, 2014 BOEING has agreed to supply Chinese carrier Shandong Airlines with new planes. Shandong has bought 50 Boeing 737 planes, worth $4.6bn at list prices, as part of its plan to nearly double its overall fleet by 2020, according to China’s state news agency Xinhua. The airline is majority-owned by Air China, which also features the [...]
Forget Twitter, why Weibo is the social stock to watch April 22, 2014 Last week’s US float of Chinese social network Weibo – think a hybrid of Twitter and Facebook – saw investors rush into the stock buoying it 33 per cent in the first two days of trading. One of the reasons for this is Weibo looks like a great deal for those hoping to capitalise on [...]
Asian markets flat as Chinese shares disappoint April 22, 2014 Asian shares are broadly flat as weak Chinese shares offset a positive day on Wall Street.The Chinese Enterprises Index fell by one per cent to its lowest point in nearly four weeks. Fears over a slowdown in the Chinese economy were reinforced over the past week as Great Wall Motor and Air China reported poor [...]
Bottom Line: Focus on staying number one at home April 16, 2014 BELEAGUERED Tesco boss Philip Clarke has declared he isn’t going anywhere. Unfortunately, on his watch, neither is the nation’s favourite supermarket. After twenty years of rising profits for the group, this is the second year in a row where they have fallen. Pre-tax profits were down 6.9 per cent: 7.7 per cent in constant exchange [...]
Burberry defies fears over Asia with sales jump April 16, 2014 BURBERRY once again defied fears yesterday of a slowdown in demand for luxury goods in China after shoppers in the country helped drive a 19 per cent rise in group half-year sales. The handbag and trenchcoat-maker reported total revenues of £1.2bn and retail sales up 13 per cent to £928m, thanks to double-digit growth in [...]
Alibaba heads towards $200bn New York float April 16, 2014 CHINESE e-commerce titan Alibaba could reach a market valuation of over $196bn (£116.7bn) on its stock market debut, according to IG’s grey market trading leading up to the float. Alibaba, which offers a mix of commerce services somewhere between Amazon and eBay with a transaction volume larger than both combined, is expected to file its [...]
London Report: China data and bullish retailers drive FTSE rally April 16, 2014 THE UK’S benchmark stock index rose yesterday after Chinese economic data came in a touch above forecasts, with Tesco rising on aggressive strategy plans and Sports Direct surging on a bullish note about the company. The sportswear retailer surged 5.6 per cent to the lead FTSE 100 gainers. Traders cited a note from Bank of [...]
Why Alibaba’s IPO will be the biggest tech float in history April 16, 2014 Alibaba, the Chinese e-commerce giant, is on track to reach a $188bn (£111.9bn) market valuation when it floats on the US stock market in coming weeks and is expected to raise $16bn, making it the biggest technology float in history. The debut, if it reaches IG’s grey market mid-point of trading, will surpass Facebook (which [...]