HSBC Chief Executive Stuart Gulliver confirmed on Tuesday possible plans to move 1,000 jobs from Britain to Paris in case of a so-called ‘hard’ Brexit, and said recent reforms from the French government would be positive, if enacted. “There is about 1,000 jobs out of 43,000 that are employed in the UK that will be […]
Read moreFinancial technology (fintech) has felt the impact of Brexit, the election of President Donald Trump and a perceived direction towards protectionism, Western Union’s partnerships lead has said. Christina Hamilton, head of partnerships and international expansion at the global payments and transfers company, said that protectionism and a populist surge against globalization was a serious concern […]
Read moreTaxi app Uber said it will be improving an offer to drivers and would welcome greater legal clarity about different types of employment in Britain, in response to a government review into the gig economy published on Tuesday. The review calls for a new category of worker called a “dependent contractor” meaning that those Britons […]
Read moreOil prices could soon fall below $40 a barrel if investors don’t get a clear catalyst that prompts them to start buying the commodity, Goldman Sachs said on Tuesday. The investment bank believes oil prices will not rally until traders see at least one of two things: further intervention from OPEC or a consistent drop […]
Read moreJapan’s Toyota has just announced itself on the Israeli start-up scene, confirming on Tuesday that it has led an early-stage funding round in Israel’s Intuition Robotics. Toyota Research Institute, TRI, the automaker’s initiative in artificial intelligence, autonomous driving and home robotics, has a treasure chest of $1 billion and says it has led a $14 […]
Read moreA daily morning look at the financial stories you need to know to start the day. STOCKS/ECONOMY -Stock futures are down after Monday’s mixed close. OIL/ENERGY -U.S. crude prices are down 1 percent and back to the $43 a barrel level after Monday’s rally. TERROR/DEFENSE -South Korea’s intelligence agency says North Korea still cannot make […]
Read moreCheck out which companies are making headlines before the bell: PepsiCo – The snack and beverage giant reported adjusted quarterly profit of $1.50 per share, 10 cents a share above estimates. Revenue also topped forecasts, and PepsiCo raised its full-year forecast. Amazon.com – Amazon is in the midst of its annual Prime Day, which began […]
Read moreDeutsche Bank said Tuesday it’s that bullish about the Apple iPhone 8. It’s a stark contrast to many other banks that have suggested Apple is about to sell record numbers of iPhones in an upcoming “supercycle” of upgrades. Firms such as Credit Suisse, Citi and Instinet have all referred to the so-called supercycle that will […]
Read moreFederated Investors is predicting the stock market is about to give investors a prime buying opportunity, with a beaten-down group leading the way. “We think energy could work here in the back half of the year,” Phil Orlando, the firm’s chief equity strategist, said Monday on CNBC’s “Trading Nation.” “They [oil and gas companies] have […]
Read moreJPMorgan chief Jamie Dimon has said that the financial sector needs to be prepared for a so-called “hard Brexit” scenario and has raised the possibility of moving some jobs from the City of London to other European cities. Dimon wants the bank to prepare for the worst-case scenario in the negotiations between the U.K. and […]
Read more