One of the biggest fears about the tax overhaul bill in Congress already is showing signs of coming to fruition. Critics of the Republican-sponsored plan say that a provision allowing companies to bring profits stored overseas back home at a one-time reduced tax rate wouldn’t foster economic growth. Instead, they argue, companies will use the […]
Read moreBitcoin investors could learn a valuable lesson from the Dutch tulip bulb mania of the 1630s, according to a global banking regulator. When asked whether cryptocurrencies, such as bitcoin, had ignited any financial stability concerns, Stefan Ingves, chairman of global regulators at the Basel Committee and governor of Sweden’s Riksbank, told CNBC: “I think it’s […]
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Sterling swings erratically after Brexit deal — here's what you need to know
Currency markets in Europe fluctuated on Friday morning after the U.K. made “sufficient progress” in its Brexit negotiations, with experts split on where sterling could trade in the coming months. Sterling initially dipped on the Brexit announcement made from Brussels after jumping to 1.3514 against the dollar just prior to the announcement by European Commission […]
Read moreU.K. and European negotiators finally agreed on three key issues that were blocking Brexit talks, paving the way for the next phase of discussion between the two sides. “We have now made the breakthrough we needed,” European Commission President Jean-Claude Juncker told reporters in Brussels on Friday morning. After six months of intense talks, a […]
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European shares seen mostly higher as Brexit talks reach crucial stage
European markets are expected to open mostly higher on Friday morning, as investors turn their attention to Brussels, where news surrounding Brexit negotiations are due to be announced. On the bourses front, the U.K.’s FTSE 100 is expected to open 9 points lower at 7,311, however the German DAX is set to open 69 points […]
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After nearly a decade of economic crisis, Greece has stopped dreaming
Following nearly 10 years of economic recession, the future of the Greek economy has finally started to brighten up. The Greek people, however, have stopped dreaming about their own future. Greece has seen economic growth consecutively in the last three quarters and is set to reach 1.6 percent of growth this year, according to forecasts […]
Read moreBritish Prime Minister Theresa May will meet European Union chief executive Jean-Claude Juncker before dawn in Brussels on Friday as the two sides seek to clinch a deal to open talks on post-Brexit trade. May will meet the European Commission president at 0600 GMT, with a news conference to follow half an hour to an […]
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ARTIFICIAL intelligence (AI) has already changed some activities, including parts of finance like fraud prevention, but not yet fund management and stock-picking. That seems odd: machine learning, a subset of AI that excels at finding patterns and making predictions using reams of data, looks like an ideal tool for the business. Yet well-established “quant” hedge […]
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ANOTHER week, another record. The repeated surge of share prices on Wall Street is getting monotonous. The Dow Jones Industrial Average has passed another milestone—24,000—and the more statistically robust S&P 500 index is up by 17% so far this year. Emerging markets have performed even better, as have European shares in dollar terms (see chart). […]
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FOR millennia, man has broken rocks. Whether with pickaxe or dynamite, their own or animal muscle, in a digger or a diesel truck, thick-necked miners have been at the centre of an industry that supplies the raw materials for almost all industrial activity. Making mining more profitable has long involved squeezing out more tonnes of […]
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