US jobs figures pave way for interest rate lift August 12, 2015 THE US could raise interest rates next month after a robust set of labour market data published yesterday. The number of US job opportunities was a strong 5.25m in June after edging down slightly from May’s record 5.36m, according to the Labor Department’s job openings and labour turnover survey (Jolts). The survey also showed the [...]
Forget nationalisation: UK railways need a radical dose of devolution August 12, 2015 It's been a torrid time for Britain’s railways lately. In the last six months – as many a hard-pressed City A.M. commuter will know – there have been bad tempered strikes on the Tube and commuter railways. Channel Tunnel trains have had to run the gauntlet of tyre-burning port workers in Calais as well as [...]
TfL Tube strike August 2015: Just one in five commuters back the strikers as two new strike dates announced August 11, 2015 As RMT announced another two Tube strike dates, it seems the majority of Londoners are getting fed up with the conflict over the Night Tube disrupting their commute – although most of us don't like the idea of night-working ourselves. Only one in five back the strikers, showed a Yougov poll conducted over the latest [...]
US PGA Championship 2015: Rory McIlroy knows he’s ready for showdown with rival Jordan Spieth August 10, 2015 Golf gets the duel it wanted this week when Rory McIlroy, back in action after an ankle injury, goes head to head with Jordan Spieth, the man with designs on his world No1 spot and a third Major of 2015, at the US PGA Championship – and it’s great news for the game. Read more: [...]
Does the universe actually exist? We might all be living in one big computer game, scientists say August 6, 2015 We always talk about the robots replacing humans, but what if we actually are robots, with brains that are programmed just like computers to think in a certain way? Read more: Did the big bang happen? Scientists call theory into question Our universe behaves suspiciously similarly to a simulated computer, obeying a series of [...]
Dollar down as jobs data dents chance of hike August 6, 2015 THE DOLLAR fell against other major global currencies yesterday after data revealed that private sector hiring slowed sharply in July, dampening expectations of an interest rate hike in September. US Federal Reserve chief Janet Yellen last week reiterated that she is looking for improvement in the jobs market before voting for the first interest rate [...]
Low inflation and strong pound lead economists to vote 8-1 to hold rates August 5, 2015 INTEREST rates should be held this month, according to a majority of City A.M.’s panel of economists . There were many reasons deterring members from arguing for a rate hike. Many of the panel are concerned about low inflation. The annual rate of inflation is currently zero per cent, around which it has hovered since [...]
Hiking rates in September could be an error of historic proportions by the US Fed August 5, 2015 Federal Open Market Committee (FOMC) member and Atlanta Fed president Dennis Lockhart has said that it would take a sharp worsening in the data to persuade him that the US Fed shouldn’t raise rates in September. Lockhart stated: “I think there is a high bar right now to not acting… it will take a significant [...]
Golf Comment: Bangkok’s answer to John Daly Aphibarnrat is breath of fresh air August 4, 2015 IT’S NOT difficult to see why Kiradech Aphibarnrat is frequently compared to John Daly. Most obviously, Thailand’s newest golfing sensation has the same full frame as the maverick two-time Major winner. But the similarities don’t end there. Aphibarnrat, who won his second European Tour title of the season on Sunday at the Paul Lawrie Match [...]