Looks like we’re not going back to $50 Brent crude after oil prices rose following positive news on supplies July 29, 2015 The price of a barrel of Brent crude oil jumped 1.1 per cent to $53.94 in late afternoon trading after a report showed a surprise dip in US oil reserves. A report by the US Energy Information Administration showed oil stocks fell to 459.7m barrels in the week to Friday, down 4.2m barrels from the [...]
One in four millennials would rather bank with a tech company like Apple or Google than their current bank July 29, 2015 Fed up with your bank? You’re not alone. Just one in three millennials (that's people born after 1980) actually think their bank meets their requirements, and in fact, quite a few of them think Apple or Google would do a better job. It seems out of touch banks risk losing millennial business, as just 32 [...]
Bank of England’s Jon Cunliffe warns over impact of a US rate hike July 29, 2015 The Bank of England's deputy governor for financial stability has voiced concerns over how financial markets will react to an interest rate rise by the US Fed. Sir John Cunliffe told the Guardian that global financial markets are "quite fragile" due to a lack of liquidity which can make it more difficult for traders to exit some [...]
Rate hikes: How can you protect your investments? July 28, 2015 Bonds may be bashed but equities could be winners if the Federal Reserve moves this autumn As the Federal Reserve convenes once again this week to discuss whether interest rates should be raised from their rock-bottom lows, many investors are sounding out the potential implications of a rate hike on their portfolios. Pressure [...]
Proposals to put the Fed on autopilot are a rules-based recipe for disaster July 28, 2015 Would you be happy if the cabin crew announced that the plane you were about to take off in had no pilot, and was going to be flown solely on autopilot? My guess is no. Even though flying is a fairly routine and mechanical process, you still need the peace of mind that a human [...]
How much lower can the Australian dollar go? – CNBC Comment July 27, 2015 Commodities have been a crushing long trade, with the latest rout taking oil below $50 a barrel, and the commodity currencies to six year lows. They are not the only victims, with gold, copper, iron ore, mining stocks and soft commodities also casualties in a rollover that some are calling a second wave meltdown. The [...]
Why it’s a pivotal week for more than just US assets – eToro tips & picks July 27, 2015 IT’S A massive week for US markets, with both the GDP print and the all-important two day Federal Open Market Committee meeting. Fed chair Janet Yellen will be looking to either dispel rumours or confirm the fact that we are very close to the first rate hike in the US in almost 10 years. So [...]
Showing off in your supercar will soon be a crime in Kensington & Chelsea July 26, 2015 Revving engines, super-fast acceleration and loud music pumping out of Ferraris and Lamborghinis as they cruise past will no longer be part of daily life in Kensington & Chelsea. Read more: UK trader arrested in Hong Kong for running over security guard in his Ferrari 458 Spider supercar Fed up with young male drivers [...]
These are the best British employers for work-life balance: Euromonitor International, Bank of England and MediaMath July 24, 2015 We all know that the 24/7 business cycle, a globalised working environment and technology such as smart phones pushes our workload outside of typical 9-5 hours. But if you're fed up of the blurred line between work and play, then Glassdoor has put together a list of Britain's best employers for work-life balance. A recent [...]
Bank of America share price dips: Brian Moynihan, Paul Donofrio and Andrea Smith step up as Bruce Thompson and David Darnell move on July 23, 2015 Bank of America shares fell 1.46 per cent yesterday after chief executive Brian Moynihan named the fourth chief financial officer of his tenure since he took charge in 2010. Bruce Thompson stepped down on Wednesday after five and a half years as chief risk officer and chief financial officer. He will be replaced by the [...]