Crisis in Syria: The US has no room for error in a new world of many powers September 11, 2013 TWO NOTABLE failures – US Secretary of State John Kerry and Russia – have dramatically transformed the Syria crisis in recent days. Kerry, who could not beat George W Bush despite the Iraq War, may have committed one of the more beneficial rhetorical stumbles of all time. Living up to his reputation for intellectual overconfidence [...]
Syria tensions ease allaying fears of oil price spikes September 11, 2013 Ishaq Siddiqi, market strategist, ETX Capital on the likelihood of US intervention in Syria and possible market reaction: Syria tensions ease considerably overnight as US President Obama in his speech acknowledges drumming support in Congress for a strike at Syria was hard found and has opted for diplomacy with Russia to disarm the Middle Eastern [...]
Tensions ease after Syria’s vow over chemical weapons yet UN deal hits problems September 10, 2013 SYRIA accepted a Russian proposal to give up chemical weapons and win a reprieve from US military strikes yesterday, but serious divisions between Russia and the US could still block a UN resolution securing the deal. The White House said it was determined to push ahead with a congressional resolution authorising force, while Russian President [...]
Europe getting even hungrier for McDonald’s September 10, 2013 FAST food giant McDonald’s yesterday reported a bigger-than-expected 1.9 per cent increase in global sales at established restaurants in August, after a revival in France helped drive solid results in Europe, its top market. Although the results from the world’s biggest fast-food chain soundly beat the average estimate of a 0.3 per cent increase from [...]
Before the open: FTSE expected up following Chinese strengthening September 10, 2013 Given stronger data in from China this morning, investors are expecting London's leading index to move higher at the open. Industrial production and retail sales came in higher than analysts anticipated. European opening calls: FTSE +22, DAX +34, CAC +13 — Carolin Roth (@CarolinCNBC) September 10, 2013 $ little weaker, equities set to be stronger [...]
Syria urged to yield weapons September 9, 2013 AS President Barack Obama struggled to rally Congress and the American people behind military action in Syria, Russia seized on a remark by his secretary of state John Kerry yesterday to say Damascus should save itself by handing over its chemical weapons. Prime Minister David Cameron joined the calls for Syria to place its arsenal [...]
PwC boss sees reasons to be cheerful in flat markets September 8, 2013 Chairman Ian Powell tells Marion Dakers about how the accountancy firm is seeking new sources of growth I’M slightly concerned,” says Ian Powell. “I thought that the activity in the transfer window was tense, and we have not gotten off to the best of starts.” The chairman of PwC UK might be harbouring doubts about [...]
Tokyo to stage the 2020 Olympic games September 8, 2013 TOKYO was awarded the 2020 summer Olympic Games this weekend, beating Istanbul in a head-to-head vote after Japanese Prime Minister Shinzo Abe delivered a charismatic plea to the International Olympic Committee and promised Japan’s crippled nuclear plant was “under control”. The Japanese capital won what one insider had called a “least-ugly” contest by most effectively [...]
How the geography of global innovation is rapidly changing September 8, 2013 Liam Ward-Proud investigates the cities that are attempting to foster new startup cultures WIKIPEDIA founder Jimmy Wales has called on Britain to extend its entrepreneurship visa scheme to make London more enticing to startups. He joked that “nobody wants to live in San Jose, California – it’s incredibly boring”. But the geography of global innovation [...]
Sell-off as Putin announces Russia is assissting Syria with arms shipments September 6, 2013 US equities and the dollar are selling off on the announcement by Russian President Vladimir Putin that Russia will assist Syria if strikes against Syria are launched. Putin has said that Russia is already assisting Syria with arms shipments. USDJPY hit hard as US Treasury bonds rallying again (yields lower) on Russia rhetoric. Wow. — [...]