Frankfurt could become a miniature version of London after Brexit, a city official has predicted, after a study said tens of thousands of jobs would be created, bolstering Germany’s banking capital. The research, commissioned by the city’s chief promoter, is the first comprehensive tally on possible job creation in Frankfurt, as London, its dominant British […]
Read morePresident Donald Trump will start publicly campaigning for the tax reform plan next week, chief economic advisor Gary Cohn said. In an interview with the Financial Times, Cohn said Trump will begin the campaign Wednesday in Missouri. “Starting next week, the president’s agenda and calendar is going to revolve around tax reform,” Cohn said in […]
Read moreGerman business confidence deteriorated slightly in August after hitting three record highs in a row, a survey showed on Friday, suggesting that a consumption-led upswing in Europe’s largest economy could have reached a plateau. The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, edged down […]
Read moreTraders have been betting Mario Draghi is the central banker most likely to surprise markets at Jackson Hole Friday, but now it actually could be Fed Chair Janet Yellen. Markets have been waiting for the Fed’s annual Jackson Hole symposium, expecting Draghi, the European Central Bank president, to provide some insight into when the ECB […]
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WHEN America’s unemployment was last as low as it has been recently, in early 2007, wages were growing by about 3.5% a year. Today wage growth seems stuck at about 2.5%. This puzzles economists. Some say the labour market is less healthy than the jobless rate suggests; others point to weak productivity growth or low […]
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IN CORPORATE America, “Trump” seems to be a dirty word, at least in public. After President Donald Trump seemed to equate the actions of white supremacists and their opponents in Charlottesville earlier this month, dozens of chief executives abandoned his advisory councils. Several organisations cancelled fundraising galas booked at Mr Trump’s Mar-a-Lago resort in Florida. […]
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LEAVE it to the Americans to besiege European companies in August, when the entire continent is on holiday. It emerged this month that Corvex Management, an American hedge fund, had built up a $400m position in Danone, a French food giant. AkzoNobel, a Dutch paints-and-chemicals firm which has been under heavy fire from Elliott Advisors, […]
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THE quickest way to start a Mexican wave in India is to head to the campus of Infosys, an IT outsourcing firm based in Bangalore, and ask all those who think they should be in charge to raise their hands. On August 18th the company’s chief executive, Vishal Sikka (pictured), resigned unexpectedly. But he still […]
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IT WAS in 1896 that Charles Dow, co-founder of Dow Jones & Company, created the index that still bears his name. Today, indices such as the Dow Jones Industrial Average and the S&P 500 (for shares listed in New York), or the FTSE 100 (for London), are among the best-known brands in financial markets. The […]
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IN MOTIJHEEL, the main business district in Bangladesh’s capital, Dhaka, an iron fence and terrible traffic divide two branches of the country’s oldest private bank—a “conventional” one and an Islamic one. Abdus Sattar, manager of the Islamic one, says that when he joined AB Bank, in 2005, his was “a loser branch”. Today, like most […]
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