Global investment set to climb to post-crisis high March 10, 2014 THE OUTLOOK for investment and employment globally is now at its strongest level since the financial crisis, with the UK’s rapid return to growth standing out particularly among advanced economies. Around the world, business optimism in general is at a two-year high, and stronger confidence is manifesting itself as firms intend to invest and hire [...]
New York Report: Bullish market backed by US jobs rebound March 10, 2014 STRONGER-than-expected payrolls figures on Friday did more than ease concerns about US economic fundamentals – they also seemed to justify Wall Street’s record levels, suggesting the market’s uptrend could continue. February’s jobs report followed two straight months of payrolls reports that were sharply below expectations, and the rebound reinforced the theory that weakness in December [...]
Power steering March 9, 2014 What happens when Bernie Ecclestone leaves Formula One? HE IS one of Britain’s best-known chief executives, and over 40 years has transformed Formula One from an amateur pastime into a billion-pound business and the world’s most-watched annual sports series. Bernie Ecclestone has become a household name through his appearances on F1’s glitzy grid, and his [...]
Ukraine PM says there will be no recognition of Crimean referendum March 7, 2014 The Ukrainian prime minister Arseniy Yatsenyuk, has told CNBC that there will be no international recognition of the referendum aking the people of Crimea if they wish to join the Russian Federation. Yatsenyuk said: No-one will recognise this referendum, apart from maybe North Korea, Syria and Israel. I want to be very clear – Crimea [...]
Russians hit by US travel ban over Ukraine March 6, 2014 RUSSIAN officials accused of orchestrating the invasion of Ukraine face a US travel ban, are set to have their assets frozen and will be stopped from doing business with American firms, under an order signed by President Obama yesterday. The EU froze ousted President Viktor Yanukovych’s assets in Europe, as well as targeting 18 people [...]
London Report: Corporates push up FTSE despite ECB and Russia March 6, 2014 BRITAIN’s top share index edged higher yesterday, buoyed by updates from Aviva and Aggreko, although lack of action by the European Central Bank (ECB) and uncertainty over Ukraine capped gains. Equities in London tracked Eurozone stocks lower, after ECB president Mario Draghi offered no new measures to boost lending in the region. Speculation that he [...]
What you need to know before the US open March 6, 2014 US stocks futures suggest a muted open for US markets, as investors digest some of the data and announcement we’ve had today. Initial jobless claims for last week beat expectations, with 323,000 people signing up for unemployment benefits, down from 349,000 a week earlier. Continuing jobless claims are at 2.907m, from 2.915m. Nonfarm productivity missed [...]
US imposes visa restrictions on Russians and Crimeans March 6, 2014 The US will be imposing visa restrictions on Russians and Crimeans who are threatening Ukrainian security. A statement issued by the White House said the US: Is putting in place visa restrictions on a number of officials and individuals, reflecting a policy decision to deny visas to those responsible for or complicit in threatening the [...]
Crimean parliament votes to join Russia March 6, 2014 Crimea's vice premier, Rustam Temirgaliev, announced on Thursday that the region will be holding a referendum on whether to join the Russian Federation on March 16, according to RIA news agency. Temirgaliev said the referendum would involve two questions: Are you in favour of Crimea becoming a constituent territory of the Russian Federation? Are you [...]
EU agrees €11bn Ukraine bailout as UN envoy is threatened March 5, 2014 EU LEADERS yesterday agreed a larger than expected €11bn (£9bn) potential financial bailout package for Ukraine at an emergency Paris summit. European Commission president Jose Manuel Barroso said the assistance, to be discussed by European Union leaders at a summit in Brussels today, would depend on the new Ukrainian government instigating widespread reform, as well [...]