What the other papers say this morning – 03 April 2014 April 2, 2014 FINANCIAL TIMES Greek government’s video turmoil The Greek government was plunged into chaos on Wednesday after the release of a video showing the prime minister’s chief of staff having a politically embarrassing conversation with a senior member of the neo-Nazi Golden Dawn party. Takis Baltakos, cabinet secretary and one of premier Antonis Samaras’s closest aides, [...]
What you need to know before the US open March 28, 2014 US markets are expected to open higher today, following some reassuring news on US consumers. Personal income increased marginally more than expected last month (0.3 per cent), and personal spending was in line at 0.3 per cent. Later, we’ve got the Reuters/Michigan consumer sentiment index reading for March. It’s expected at 80.5, from 81.6 in [...]
What the other papers say this morning – 10 March 2014 March 10, 2014 FINANCIAL TIMES Spotify’s credit line hints at IPO Spotify has secured a $200m credit facility from lenders including Morgan Stanley, bringing the Swedish music company a step closer to a potential initial public offering in the US, according to people close to the deal. The Stockholm start-up, which last year sold equity that implied a [...]
Most British motorists wouldn’t use a driverless car March 4, 2014 The Geneva Motor Show opens today, bringing with it the car industry’s latest attempts to show off driverless vehicles – but British motorists look unlikely to adopt the new technology any time soon. Swiss firm Rinspeed is exhibiting the XchangE, a concept car based on the Tesla Model S that allows passengers to sit facing [...]
What the other papers say this morning – 27 February 2014 February 26, 2014 FINANCIAL TIMES Hester to shore up RSA with £1.5bn Stephen Hester is finalising plans to shore up RSA’s balance sheet by as much as £1.5bn with one of the biggest equity raisings by a UK insurer, said people with knowledge of the matter. The former Royal Bank of Scotland chief, drafted in to run RSA [...]
Tesla shares surge upwards after positive view of battery factory February 25, 2014 THE SHARE price of electric car firm Tesla shot up by over 15 per cent yesterday, following a glowing note from a Morgan Stanley analyst who more than doubled his target price for the company. The enthusiastic assessment came from Adam Jonas, who said Tesla’s plans for a huge plant to manufacture the lithium batteries [...]
What you need to know before the US open February 25, 2014 Housing and retail are in focus today, with figures just in. House prices are still rising, but the pace has moderated a bit. The house price index for December increased 0.8 per cent – a revised figure showed they fell 0.1 per cent in November. The S&P/Case-Shiller indices rose 13.4 per cent in the month. [...]
What you need to know before the US open February 21, 2014 US stock futures have edged higher as investors concentrate on the fortunes of tech companies, following some strong results. Better-than-expectated manufacturing data have continued boosted confidence across European and Asian markets, particularly after China’s equivalent results were weaker than forecast. Focus is on existing home sales, which are expected to have fallen slightly in January, [...]
New York Report: Facebook and Tesla prompt rise in shares February 20, 2014 US STOCKS climbed yesterday after a data reading on manufacturing activity hit its highest in nearly four years, while news about Facebook and Tesla drove their shares to record highs during trading. US factory activity accelerated at its fastest pace in nearly four years in February, according to Markit’s preliminary US manufacturing purchasing managers’ index, [...]
What you need to know before the US open February 20, 2014 US stock index futures suggest markets will open lower, as investors look again towards ongoing emerging market turmoil. The continuing and severe violence in Ukraine at the moment has seen the country’s hryvnia plummet to five-year lows, and state debt insurance rising to 2009 highs. Weaker growth from China – the Markit/HSBC purchasing managers’ index [...]