The U.S. is well-placed to join the likes of Saudi Arabia and Russia as one of the world’s leading energy powerhouses, an analyst said Thursday. “There is a big shift in market structure taking place and I think, so far, it really hasn’t got the attention it deserves. The U.S. is emerging as, not only […]
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SOME airports are known for being the antithesis of elegance. The reputation of Luton Airport in Britain was famously trashed by a television advert for Campari, a posh drink, in the 1980s. In the clip, a well-dressed man offered a drink of the stuff to a fashion model on holiday and asked, “Were you truly […]
Read moreThe euro zone economy closed out the year with the strongest growth in nearly seven years, driven by accelerating services and manufacturing activity across all major economies, a survey showed on Thursday. The news will put pressure on the European Central Bank to close out its aggressive stimulus this year, and coincides with the central […]
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READY for a melt-up? Investors are generally upbeat about the prospects for equity markets this year but one intrepid fund manager thinks it is likely that American share prices could rise by 50% in the next six months to two years. Perhaps the biggest surprise is the identity of that pundit: Jeremy Grantham. Mr Grantham, […]
Read moreEuropean markets are expected to open slightly higher on Thursday morning as investors reacted to robust economic data from both sides of the Atlantic, while oil prices hovered around two-and-a-half year highs amid unrest in Iran. The FTSE 100 is poised to open up 14 points at 7,685, while the DAX is seen up 53 […]
Read moreCurrency, United States Finance
Many UK CEOs earn more in three days than a typical worker does in a year
The average boss of one of Britain’s top companies will on Thursday have earned the same as the typical worker will make in the entire year, according to a new report, stepping up pressure on companies ahead of the annual reporting season. Just three working days into 2018, pay for the average FTSE 100 chief […]
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ACCORDING to Ginni Rometty, IBM’s boss, the digital revolution has two phases. In the first, Silicon Valley firms make all the running as they create new markets and eviscerate weak firms in sleepy industries. This has been the story until now. Tech firms have captured 42% of the rise in the value of America’s stockmarket […]
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Britain reportedly explores prospect of joining Pacific trade group post-Brexit
Britain is considering whether to try and join the Trans-Pacific Partnership (TPP) as the country considers its trade future outside of the European Union, according to the Financial Times. The prospect of Britain joining the distant trade group could help revitalize TPP as well as bolster exports in the U.K. after Brexit, the report said. […]
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Britain's open to foreign investment, trade minister Fox tells China
British trade minister Liam Fox said on Wednesday that London would continue to welcome foreign investment, after a U.S. panel rejected a Chinese acquisition of a U.S. money transfer company on national security concerns. Fox was on a visit to China, the latest installment in long-running economic talks between China and Britain, which has taken […]
Read moreA set of sweeping reforms to Europe’s financial industry came into force on Wednesday, with market participants in every corner of the continent’s financial services system likely to be affected. The new laws, which amount to the biggest change to Europe’s financial markets in a decade, are an attempt by regulators to shine more light […]
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