World view September 29, 2015 From capital flight to monetary wobbles, we highlight the figures that matter from around the world UNITED STATES 13 of 17 FOMC members predict a Fed rate rise in 2015. $1 trillion Total US car loans outstanding reached a record level, rising by $119bn in the second quarter. SOUTH AMERICA Junk S&P’s rating of Brazil [...]
End of the world’s biggest ever credit boom means there will be more “Glencores” ahead September 29, 2015 It’s the great unwind show. Admittedly, Glencore’s latest problems may run deeper and look more specific, but together with Vale and Rio, the other great international mining houses plus their suppliers, like America’s Caterpillar, all are suffering the fall-out from the end of the world’s biggest ever credit boom. Oil is testing recent lows and [...]
What’s eating key global currencies? The effects of the fallout of worldwide rate hikes and a slowing Chinese economy explained September 29, 2015 The world's key currencies have been subject to significant sideways trading in the last few months, including the euro- dollar, sterling-dollar and yen-dollar. The relatively stable euro-dollar rate is down to relative interest rates between the US and Eurozone staying stable. This is backed up by improving inflation and unemployment in Europe and [...]
Jordan Spieth’s extraordinary season is as good as Tiger Wood’s landmark 2000 – Sam Torrance’s Golf Comment September 29, 2015 Just last week I pondered whether Jason Day, with a sequence of four wins from six tournaments that propelled him to world No1, had done enough to eclipse Jordan Spieth as golf’s star of 2015. I sided with Masters and US Open winner Spieth, and if there was any lingering doubt the young Texan [...]
What gold tells us about a Fed rate hike – eToro Tips & Picks September 28, 2015 Gold has been an interesting play over the last week or so, and most definitely throughout yesterday’s session. A report in the weekend press highlighted the fact that the gold rally may well be over, on the back of the Fed’s move to start raise interest rate – and we saw that last week [...]
Jordan Spieth wins $10m FedEx Cup bonus and breaks prize money record as earnings hit $31m September 28, 2015 Jordan Spieth finished his remarkable breakthrough season with $22.03m (£14.5m) in on-course earnings after he won the Tour Championship in East Lake, Atlanta to secure this year's FedEx Cup. Read more: Jordan Spieth caddie could earn up to $180,000 in prize money The Texan picked up the $10m "bonus" that comes with winning the season-long FedEx Cup [...]
Jeremy Corbyn’s vow to democratise PMQs could be revolutionary – but there are three things to consider before jumping in at the deep end September 28, 2015 Traditionally, the great British public is given a vote every five years. Now it seems we’ll be able to raise our concerns every week. Jeremy Corbyn's crowdsourced questions for his first PMQs has given the electorate a voice it has seldom enjoyed during the course of a Parliament. If this new strategy gains momentum, [...]
Shutdown is likely on hold – New York Report September 27, 2015 THE SHOCK resignation of US House Speaker John Boehner on Friday reduces the chances of a government shutdown this week, potentially removing one source of investor anxiety as Wall Street gears up for a week heavy with economic data and commentary by Federal Reserve policymakers. Boehner’s announcement was seen as a sign that he would [...]
Jordan Spieth wins big cash FedEx Cup and returns to world No1 September 27, 2015 Reinstated world No1 Jordan Spieth admitted the sight of others prospering stoked his desire to reassert himself by winning the Tour Championship and claiming the £7.5m for being crowned FedEx Cup champion. The 22-year-old carded a final-round 69 at East Lake, Atlanta yesterday to post a four-shot victory and bank a cheque for £977,000 to [...]
Catch some rays in Antigua’s Mercers Creek Bay September 25, 2015 Annabelle Williams swims with stingrays in northern Antigua’s Mercers Creek Bay With their ethereal, otherworldly faces, stingrays could be from another planet. But here I am, standing waist deep in water, surrounded by dozens of these gray, pancake-like fish. In Mercers Creek Bay, northern Antigua, a breed of stingray known as the Southern [...]