This week’s 4 must-see charts March 14, 2014 International exposure to Russian banks, a turnaround in the Eurozone’s inflationary trends, an uptick the Baltic Dry index, and the ongoing strength of the euro. We bring you some of our favourite analysts’ picks of the most important graphs this week. Alexander Dryden, analyst at JP Morgan Asset Management Financial and economic sanctions by the [...]
Ukraine and China fears drag down Asian markets March 14, 2014 The Nikkei has hit a one-month low in Friday trading, sliding 3.3 per cent, as concerns over Chinese growth and the situation in Ukraine continue to weigh heavy on investors’ minds. There’s little to add in the way of comforting economic data, and the slowdown in the world second-largest economy and growing tensions over Ukraine [...]
Investors pulling billions out of crisis-hit Russia March 13, 2014 INVESTORS are deserting Russia, according to a new study by Goldman Sachs, which says capital outflows from the country could double from last year. The bank estimates that outflows have already risen to $45bn (£26.98bn) in this quarter, a 60 per cent increase on the same period last year, and that the estimate is consistent [...]
Letters to the Editor – 14/03 – Splitting debts, Best of Twitter March 13, 2014 Splitting debts [Re: The big independence lie: Scotland could keep the pound, Wednesday] Is Scotland walking away from its “share” of UK debt really that absurd? Did the Baltic states take any Russian debt after the breakup of the Soviet Union? No. Of course, independence supporters have proposed that Scotland would indeed take on its [...]
Hand-painted, wall-to-wall art for the home March 13, 2014 Meet the designer bringing back affordable, quality wallpaper MOVING house is said to be one of the most stressful things you can go through. But one busy professional turned her decorating frustrations into an idea for a business start-up that brings ancient Chinese art into London homes. Over a year ago, Nina Tryon, formerly head [...]
Exclusive: Ecclestone: I’m surprised teams haven’t quit F1 March 13, 2014 FORMULA One boss Bernie Ecclestone believes teams have emerged unscathed from a financial crisis last year but warned that several outfits almost brought the sport into disrepute by not paying their drivers. Lotus endured financial difficulties, including a failed attempt to bring in a major new investor and a high-profile pay dispute with driver Kimi [...]
Gold touches 6-month high on Ukraine and China fears March 13, 2014 Rising tensions between Ukraine and Russia and growing concern about Chinese economic growth have seen gold climb to a six-month high today. The safe-haven asset rose 0.4 per cent to $1,373/oz, up for the third day in a row. It’s currently up 0.1 per cent. Tumbling exports and a recent bond default have sent equities [...]
Asian markets rise as investors await Chinese data March 13, 2014 Asian markets are making moderate gains after a tepid day on Wall Street and positive regional data helped to calm investors fears after Wednesday's two week low. Markets responded positively to Hong Kong premier Li Keqiang's pledge to head off systemic risks in the financial system. However, investors are remaining cautious ahead of Chinese factory [...]
Referendum for Crimea spurned by G7 countries March 12, 2014 THE G7 nations will not accept the results of any referendum in Crimea, and has told the Russian government to halt its work on the vote, which is set to take place in three days. In a communique yesterday, the leaders from advanced economies said: “Any such referendum would have no legal effect. Given the [...]
Ukraine pleads for action from UK and America March 11, 2014 THE NEW government in Ukraine has called on leaders in the UK and America to uphold their end of a bargain made in 1994 to protect the troubled state. The desperate call came as Russia said yesterday it would recognise the outcome of the vote in Crimea on Sunday, said to be a line in the [...]