Global stocks bonanza: Dow Jones at 21,000 as FTSE 100 hits new record high March 1, 2017 Stock indices around the world have hit more record highs, with the Dow Jones Industrial Average and FTSE 100 both jumping past their previous best levels after US President Donald Trump struck a more emollient tone in a speech to the US Congress. London’s main index rose to close at 7,378.67 points, surpassing its previous peak [...]
Regulators welcome fintech but aren’t sure what to do with it February 23, 2017 Regulators have a 'wait and see' attitude about regulating fintech. Two governmental organisations recently released reports on regulatory approaches to fintech advances, including blockchain. First, the US Federal Reserve Board released its report on distributed ledger technology (i.e., blockchain) in payments, clearing, and settlement. Following that release, the European Supervisory Authorities (ESAs) — a joint [...]
Trump and the markets: the good news and the bad news February 23, 2017 The equity rally since Clinton was “Trump-ed” on 8 November has been the biggest for any new president since Herbert Hoover was elected in 1929. While some believe it marks the early stages of a paradigm shift, others have rationalised the move as “Trump without the bad stuff”. As hedge fund manager Seth Klarman recently [...]
Trump and the markets: the good news and the bad news February 23, 2017 The equity rally since Clinton was “Trump-ed” on 8 November has been the biggest for any new president since Herbert Hoover was elected in 1929. While some believe it marks the early stages of a paradigm shift, others have rationalised the move as “Trump without the bad stuff”. As hedge fund manager Seth Klarman [...]
Gale force winds from Storm Doris are set to cause travel disruption across Southern rail routes today February 23, 2017 A storm is brewing on Southern rail. An actual storm. No, it's not fed-up passengers staging an intervention, but a warning that Storm Doris is going to cause some significant troubles on the network today. Passengers have been advised to check before travelling today as gale force winds from Storm Doris have prompted Network Rail [...]
Regulators welcome fintech but aren’t sure what to do with it February 23, 2017 Regulators have a 'wait and see' attitude about regulating fintech. Two governmental organisations recently released reports on regulatory approaches to fintech advances, including blockchain. First, the US Federal Reserve Board released its report on distributed ledger technology (i.e., blockchain) in payments, clearing, and settlement. Following that release, the European Supervisory Authorities (ESAs) — a joint [...]
Fed policymakers prepare to hike interest rates “fairly soon” February 22, 2017 Federal reserve policymakers have hinted that it may be time to raise US interest rates again – “fairly soon” – if jobs and inflation continue to meet expectations. Minutes from the 31 January meeting, which saw the American central bank keep rates unchanged, also reflected uncertainty, with some attendees raising concerns that it may be “some [...]
Sutton United 0, Arsenal 2: Arsene Wenger relieved as Gunners end part-timers’ fairytale February 21, 2017 Relieved Arsenal manager Arsene Wenger admits his team flirted with one of the biggest shocks in FA Cup history before they ended fifth-tier Sutton’s fairytale run last night. Goals in each half from Lucas Perez and Theo Walcott – his 100th for the Gunners – saw them through a nervy contest and into a quarter [...]
Why is M&A rising? The bigger the company, the more likely it is to survive February 20, 2017 Investor sentiment is still skyrocketing as Donald Trump continues his victory lap and investors revel in the fanfare. The markets are behaving as though the White House’s as-yet-undetailed economic policies will cure all ills, from the simmering uncertainty around French, Dutch and German elections to the biggest pain for chief executives – technology disruption. The [...]
Blackburn Rovers 1, Manchester United 2: Super-sub Zlatan Ibrahimovic sends FA Cup holders into the quarter-finals February 19, 2017 Blackburn Rovers 1, Manchester United 2 Manchester United manager Jose Mourinho refused to single out super-subs Zlatan Ibrahimovic and Paul Pogba after they climbed off the bench to set up an FA Cup quarter-final against Chelsea. Pogba fed Ibrahimovic to slot United’s winner and complete a comeback by the visitors at Ewood Park, after Marcus [...]