Members of the anti-immigrant Alternative for Germany (AfD) party elected a right-wing nationalist to be their co-leader on Saturday, signalling a possible toughening of tone before regional votes next year. A party congress chose Alexander Gauland – who once defended an AfD member who had said history should be rewritten to focus on German victims […]
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THEY have been at this a long time. In 1994 Republicans, newly in charge of Congress, held hearings on what would come to be called “dynamic scoring”. Bills, they said, should be evaluated using the predictive power of macroeconomic models. If the model predicts more GDP growth, then it could be inferred that the growth […]
Read moreNational Association of Home Builders CEO Jerry Howard told CNBC on Friday he’s much more optimistic about the Republican’s tax overhaul after a meeting with key lawmakers. Howard said last month his members were “irate” about a proposed plan in the House bill to slice the mortgage interest deduction in half, to a maximum of […]
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Nobel winner Joseph Stiglitz says UK trade talks with Trump ‘a waste of time’
The Nobel Prize-winning economist Joseph Stiglitz has said it would be a “waste of time” for the U.K. to negotiate a trade deal with U.S. President Donald Trump. Stiglitz said in an interview with the BBC that the U.K. could not put faith in a deal with Trump. “No, I think it would be a […]
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Technology jobs in Europe: A would-be tech city is working hard to attract talent
Dublin’s Grand Canal Dock, often referred to as “Silicon Dock,” has certainly pushed up the area’s property value. A 10-minute walk along the River Liffey will take you past the swanky headquarters of Google, Facebook, LinkedIn and more — nearly every major multinational name in tech you can think of. These companies have created thousands […]
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British Labour leader Corbyn tells Morgan Stanley 'You're right: We're a threat'
Britain’s opposition Labour leader Jeremy Corbyn told Morgan Stanley that bankers are right to regard him as a threat because he wants to transform what he cast as a rigged economy that profited speculators at the expense of ordinary people. Morgan Stanley last month warned that political uncertainty in Britain was a bigger threat than […]
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Euronext acquires 100 percent of Irish Stock Exchange in 'strategic' move
Pan-European exchange Euronext has announced its acquisition of 100 percent of the Irish Stock Exchange (ISE) for €137 million ($162.48 million). The transaction represents a move by the ISE to deepen ties with mainland Europe and an effort by Euronext to expand its revenue base and its position in debt and fund listings. Asked if […]
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These are the main market risks right now, renowned hedge fund manager says
High credit, fierce competition and stretched valuations could be potential market destabilizers, a renowned former hedge fund manager said Thursday. Speaking to CNBC on the sidelines of the Sohn Conference in London, Sir Paul Ruddock, co-founder of Lansdowne Partners, said: “Clearly, credit is an area you’ve got to be concerned about. There’s been a huge […]
Read moreEuropean markets are seen opening lower on Friday morning, as investors awaited the U.S. Senate’s vote on tax reform legislation. The FTSE 100 is set to open 16 points lower at 7,313, while the DAX is expected to start down by 27 points at 13,028 and the CAC 40 is poised to open 13 points […]
Read moreThe question keeps coming up: Do OPEC and Russia not see that their agreement to cut oil supply has allowed shale producers to grow their market share? Russian Energy Minister Alexander Novak, for his part, said Thursday that the increase in shale production was expected. And, had the group of oil producers not agreed to […]
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