An explosion on a London underground train has prompted panic amid rush hour commuters on Friday morning, according to reports. London’s Metropolitan Police said they are aware of the incident at Parsons Green tube station in West London and would release updates in due course. Tweet 1 A helicopter and several ambulances and fire appliances […]
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Ignore North Korea for now, Europe's asset management giant tells investors
It would be “wrong” to tweak an investment portfolio in a knee-jerk reaction to North Korea’s missile launches, said the co-chief executive of the newly-merged asset manager Standard Life Aberdeen. Martin Gilbert, speaking to CNBC on Friday, said investors should “just ignore it at the moment.” His comments came after the hermit state launched another […]
Read morePortugal’s credit rating is set to return to the headlines Friday as Standard & Poor’s updates its opinion on the southern euro zone economy. This could be just another statement if the country wasn’t hanging on to its one and only investment grade. Canada’s DBRS is the only credit rating agency willing to give Portugal […]
Read moreShipping giant A.P. Moller-Maersk is taking the right steps to improve shareholder value, said the company’s former group chief executive. The conglomerate is currently in the midst of separating its transport and logistics businesses from its energy operations — an effort that’s been many years in the making, Nils Andersen told CNBC on Friday. Maersk […]
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European markets set to open lower as North Korea fires another missile
European stocks are set to open lower after North Korea sent another missile over Japan into the Pacific Ocean. The FTSE 100 is seen down by 5 points at 7,385; the DAX is set to open lower by 30 points at 12,534 and the CAC 40 is seen off by 15 points at 5,207. Most […]
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Why American retailers are finding it difficult to adapt to the UK market
U.S. fashion brands need to adapt their strategy if they want to compete in the U.K. market. American retailers such as Forever 21 are losing space in the U.K. with shoppers preferring home brands. This is because British brands are more client focused, offer better shopping experiences and are likely to have a more loyal […]
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Trump likely to fail on almost every campaign pledge in 2017, say global CFOs
President Donald Trump is on course to ring in the new year without having passed almost any of his campaign promises into law, according to a new survey conducted by CNBC. Chief financial officers (CFOs) from some of the world’s largest firms said they had become increasingly pessimistic that the former New York businessman would […]
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WHEN it comes to liquefied natural gas (LNG), the supermajors have supersized appetites. The likes of Royal Dutch Shell, ExxonMobil and BP make discoveries described as “elephants”; their cost overruns alone can run into the tens of billions of dollars; and projects take the best part of a decade to complete. For years, the industry […]
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ASTANA in Kazakhstan is one of the world’s most remote capitals, surrounded by thousands of kilometres of empty steppe. This summer Astana attempted to launch itself onto the global stage by hosting the World Expo, which closed on September 10th and underwhelmed many attendees. But there are other ways to have an impact. On the city’s […]
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COMPANIES’ legal structures are usually mind-numbing fare. But occasionally it is worth pinching yourself and paying attention. Take “variable interest entities” (VIEs), a kind of corporate architecture used mainly by China’s tech firms, including two superstars, Alibaba and Tencent. They go largely unremarked, but VIEs have become incredibly important. Investors outside China have about $1trn […]
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