Rickie Fowler rallies as Henrik Stenson falters at Deutsche Bank Open September 7, 2015 America’s Rickie Fowler instigated a comeback in the latter stages of the final round to win the Deutsche Bank Open by a single stroke in Boston last night. Fowler trailed Sweden’s overnight leader Henrik Stenson by two shots with five holes to play but sank a tricky birdie putt on the 14th, and was flawless [...]
As a Federal Reserve interest rate hike creeps closer, should we remain relaxed about the consequences? September 6, 2015 Andrea Cicione, head of strategy at Lombard Street Research, says Yes. We can’t imagine investors feeling relaxed, with a series of Fed hikes looming, but past tightening cycles have generally been benign for US stocks. During the last nine episodes, price to earnings multiples have fallen by an average 4.2x, but in seven, earnings per [...]
Absolute power: Africa, opera and Oktoberfest with Entrade founder Julien Uhlig September 6, 2015 When I meet Julien Uhlig, he’s in the middle of liaising with the Globe Theatre. They used to have a poster of him from when he sung at the opening of the theatre in 1997, he explains. While in London, he’s keen to get hold of it, if they’ve “still got it lying around”. [...]
G20: Finance ministers say low interest rates not enough to boost global economy September 6, 2015 Finance ministers from the world's 20 biggest economies agreed yesterday that keeping interest rates at their current low levels won't be enough to prevent a global economic slowdown. Following a two-day meeting in Ankara, Turkey, they said a coordinated introduction of other reforms was needed to encourage growth. "Monetary policies will continue to [...]
Non-farm payroll: US jobs growth weakens in August leaving Federal Reserve rate hike uncertain September 4, 2015 Weeks of global market turmoil have taken their toll on US job growth, after the number of new jobs created dipped to its lowest level since March, leaving the Federal Reserve with a rate hike dilemma on its hands. Employment increased by 173,000 in August, show non-farm payroll figures released by the US Department of [...]
China’s economic slowdown: IMF warns central banks not to raise interest rates September 3, 2015 The IMF has warned the world's biggest economies not to raise their interest rates in the near future, as China's economic struggle could have far-reaching consequences. In a pessimistic report released last night, the international lender said the risk of a global slowdown was increasing, and that in most cases economies are falling short [...]
Citizens Advice: Cars and mobile phones cause most problems for consumers September 2, 2015 If you're fed up with your mobile phone provider, you're not alone, according to a new report from the Citizens Advice charity, which found that more than 21,000 people filed formal complaints about their mobile phone contracts last year – with one in four griping about substandard service or a particularly poor signal. The only issue more pressing [...]
Lotus restaurant review: The food is fine, but it’s not fine dining September 2, 2015 Lotus 17 Charing Cross, WC2H 0EP Tel: 0207 839 8797 FOOD ★★★☆☆ VALUE ★★★☆☆ ATMOSPHERE ★☆☆☆☆ Cost for two with wine: £120 The last five years have seen every restaurant in the country renounce their tablecloths. They’ve ripped the plaster off the walls to expose the jagged, crumbling brickwork beneath, because brickwork is real and plaster is a [...]
FTSE closes three per cent lower as China outlook worsens September 1, 2015 The FTSE 100 closed more than three per cent lower, at 6,058 points, after another day of weak economic data from both China and Europe. Other European markets followed suit, with both the Cac and the Dax finishing 2.4 per cent lower. Meanwhile, US stocks also dropped, with the S&P 500 and the Dow [...]
European stocks drop on Chinese economy fears – Europe Report August 31, 2015 EUROPEAN shares suffered their worst monthly performance in four years yesterday, as concerns over a Chinese economic slowdown and a possible US interest rate rise hit the region’s stock markets. The pan-European FTSEurofirst 300 index closed down 0.2 per cent to record a monthly loss of nine per cent – its worst monthly performance since [...]