DEAR chief executive. First, congratulations. You have decided to float your firm’s shares on the stockmarket. After years of toil behind the scenes, it’s time for the big stage. You probably feel pretty good right now, especially after those insightful bankers from Goldman Sachs said that your firm is one of the most impressive that […]
Read moreCurrency, United States Finance
The U.K. has (almost) rolled out the red carpet for President Donald Trump’ three-day “working visit” to the country, although his presence has not been universally welcomed by any means by either the public or U.K. politicians. Protests are due to take place in various locations while Trump is here. He is set to meet […]
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Currency, United States Finance
Trump can rest assured knowing that U.K. Prime Minister Theresa May will be counted among his allies in the U.K. The long-standing “special relationship” between America and Britain means the two share strong ties over a multitude of issues, including trade, defense and foreign policy. The prime minister has described the U.S. as a “good […]
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The U.K. government has proposed to end one of the most-cheered privileges of the financial industry, according to a new document Thursday, as it tries to speed up negotiations to leave the European Union. In a white paper, the U.K. government proposed new trade arrangements with the EU to come into force when it leaves […]
Read moreU.S. consumer prices barely rose in June, but the underlying trend continued to point to a steady buildup of inflation pressures that could keep the Federal Reserve on a path of gradual interest rate increases. The Labor Department said on Thursday its Consumer Price Index edged up 0.1 percent as gasoline price increases moderated and […]
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ECONOMISTS think prices, like spilt ketchup, are sticky. They move only slowly as firms digest economic conditions. Financial markets are an exception. Computerised trading by thousands of participants means prices, especially of currencies, can move in a McFlurry. Since The Economist last updated the Big Mac index (BMI), our lighthearted guide to currency valuation, burger […]
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The thousands of people in the U.K. preparing to protest against President Donald Trump’s visit have lost the plot, the chairman of Republicans Overseas told CNBC Thursday. Anti-Trump protests are scheduled to take place Thursday and Friday while the U.S. president is on a working visit to the country — one that includes meetings with […]
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President Donald Trump will be on his way to Britain later on Thursday, his three-day working visit will include meeting Prime Minister Theresa May, Queen Elizabeth II and business leaders before he heads to Scotland for a weekend of golf. A range of foreign policy issues ranging from Russia, trade, Brexit and the Middle East […]
Read moreCurrency, United States Finance
OPEC’s rejuvenated bid to tame crude prices could soon exhaust the world’s spare capacity cushion, according to the latest monthly report from the International Energy Agency (IEA). The IEA’s closely-watched report comes shortly after crude had its biggest one-day drop in two years, amid heightened U.S.-China trade tensions and persistent global crude supply problems. “The […]
Read moreEuropean stocks are set to open higher Thursday morning, as markets consolidated steep losses from the previous session when heightened fears of an escalation to the U.S.-Sino trade war soured investor sentiment. The FTSE 100 is seen 25 points higher at 7,615; the CAC is expected to open up around 10 points at 5,371 while […]
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