Meet captain Penn, boss of the Baltic Exchange March 10, 2014 With the City sailing through choppy waters, the Baltic Exchange’s boss tells Julian Harris how the shipping industry can lead the way LIBOR-FIDDLING, insider trading, insurance mis-selling, bailout-grabbing… it hasn’t been the best of times for the City’s reputation, of late. Meanwhile, throughout the world, packs of regulators and politicians continue to circle around the [...]
What you need to know before the open March 10, 2014 A muted open for European markets as investors remain cautious. Asian stocks slipped in Monday trading, and the dollar fell back from recent highs as Chinese trade data came in weaker than expected. China’s exports unexpectedly dropped in February, compounding fears of a slowdown in the world’s second-largest economy. China’s CSI 300 index fell 3.3 [...]
Asian markets fall as China trade balance slips into deficit March 10, 2014 Asian markets are taking a beating this morning after data showed an unexpected fall in Chinese exports in February, fuelling fears of a slowdown in the world's second largest economy. The disappointing data from China dampened the optimism seen in the wake of Friday's better than expected US job numbers. Investors are remaining cautious as [...]
Meet captain Penn, boss of the Baltic Exchange March 10, 2014 With the City sailing through choppy waters, the Baltic Exchange’s boss tells Julian Harris how the shipping industry can lead the way LIBOR-FIDDLING, insider trading, insurance mis-selling, bailout-grabbing… it hasn’t been the best of times for the City’s reputation, of late. Meanwhile, throughout the world, packs of regulators and politicians continue to circle around the [...]
What you need to know before the open March 7, 2014 A mixed open for Europe this morning as investors await the US employment report. Consensus is that US hiring increased enough in February to leave the Fed’s tapering plan on track. The S&P 500 saw a record finish again yesterday as weekly jobless claims dropped to a three-month low. The ECB disappointed yesterday, leaving its [...]
China sticks to growth target as bears gather March 5, 2014 THE CHINESE authorities yesterday said they would stick to their target of 7.5 per cent growth for the current year, despite concerns that the economy could slow down further. Premier Li Keqiang, making his debut appearance at the National People’s Congress, also said the state would maintain its inflation target of around 3.5 per cent. [...]
City Moves for 06 March 2014 | Who’s switching jobs March 5, 2014 BNP Paribas The investment bank has appointed Stephanie Sfakianos as head of sustainable capital markets for fixed income. She was most recently its head of liability management, having joined the bank in 2002. Sfakianos previously held fixed income roles at Deutsche Bank and HSBC. Allen & Overy The law firm has hired Karan Dinamani as a partner [...]
What you need to know before the US open March 5, 2014 Things have calmed down a bit today. European bourses have steadied, as Washington and Moscow meet for talks over Ukraine, and it looks like the S&P 500 will open flat to slightly lower, following yesterday's record high. UK Prime Minister David Cameron has said Russia will face “costs and consequences” for its military action against [...]
Britain is in debt to a new generation of foreign entrepreneurs | City A.M. March 5, 2014 IMMIGRANTS are good for jobs. Yes, you’ve read that right: even though much of the public believes that migrants depress the labour market, the truth is that foreign entrepreneurs are actually responsible for a great number of British jobs. Without these migrants, there would actually be fewer opportunities for locals and far fewer start-ups – [...]
Britain is in debt to a new generation of foreign entrepreneurs March 4, 2014 IMMIGRANTS are good for jobs. Yes, you’ve read that right: even though much of the public believes that migrants depress the labour market, the truth is that foreign entrepreneurs are actually responsible for a great number of British jobs. Without these migrants, there would actually be fewer opportunities for locals and far fewer start-ups – [...]