New York Report: Alibaba filing knocks Yahoo May 7, 2014 US STOCKS climbed mainly higher yesterday as Federal Reserve chair Janet Yellen signaled continued support for the economy and Russian President Vladimir Putin called for a delay in an eastern Ukraine succession vote. The Dow Jones industrial average rose 117.52 points to close at 16,518.54 after Yellen said the US economy was still in need [...]
How Europe can cope without the Ukraine gas pipeline this winter May 7, 2014 Amid growing fears that Ukraine is heading towards a civil war, concerns about the security of gas supplies have risen too. Russia supplies around 25 per cent of Europe’s gas, with around 40 per cent of this coming through Ukrainian pipelines. With Russia hiking the prices Ukraine pays for gas – and of course the [...]
What you need to know before the open May 7, 2014 With the situation in Ukraine deteriorating, global markets are finding it difficult to push higher. The improvement in economic data from Europe yesterday was paired with the OECD slashing its forecast for the Russian economy. And that’s been followed this morning with some less-than-impressive services data for China, which makes it look less likely the [...]
Asian markets slide as Ukraine crisis escalates May 7, 2014 Asian markets have fallen to their lowest point in four weeks, as tensions remain high in Ukraine between government forces and pro-Russian separatists. On Monday, Kiev said four Ukrainian soldiers had been killed and an army helicopter had been shot down close to the city of Sloviansk. The following day 30 pro-Russian separatists were reported [...]
EU warnings of war in Ukraine May 6, 2014 THE PRESIDENTS of both Germany and France warned that Ukraine is on the brink of war yesterday, as tensions rose again in the country. Both the interim government in Ukraine and rebel pro-Russian fighters have suffered casualties in recent days, as fighting continues in the east of the country ahead of a referendum on Russian rule [...]
Aussie dollar climbs as central bank holds rates May 6, 2014 The Australian dollar has risen to a near one-week high as the Reserve Bank of Australia (RBA) held interest rates at 2.5 per cent. The RBA anticipates a period of interest rate stability as the Aussie dollar remains high. The Australian central bank expects to see improvement in the labour market in the near future [...]
Blame Europe’s 70 year holiday from history for the West’s terrible decline May 5, 2014 THE US public has had it with being the world’s policeman. An April 2014 NBC/Wall Street Journal poll found that only 19 per cent wanted America to engage in a more activist foreign policy. Fully 47 per cent wished the US to conduct a less activist policy, a camp that has quadrupled in size over [...]
Is a foreign language worth the investment? May 1, 2014 English may be a lingua franca, but another tongue could boost your job prospects AN INCREASING number of foreign multinationals – from Airbus to Samsung – now mandate English as the common corporate language. In 2010, Japanese services firm Rakuten hit headlines when it announced it would become an English-only organisation. “English is the only [...]
Is a foreign language worth the investment? April 30, 2014 English may be a lingua franca, but another tongue could boost your job prospects AN INCREASING number of foreign multinationals – from Airbus to Samsung – now mandate English as the common corporate language. In 2010, Japanese services firm Rakuten hit headlines when it announced it would become an English-only organisation. “English is the only [...]
What the other papers say this morning – 30 April 2014 April 29, 2014 FINANCIAL TIMES Borrowers driven to shadow banks A US regulatory crackdown on the $600bn leveraged loan market is driving borrowers to alternative lenders known as “shadow banks”, according to market participants. Bankers said the Federal Reserve and Office of the Comptroller of the Currency had stepped up their policing of the market, which provides financing [...]