European markets are set to open slightly higher on Thursday morning, with investor sentiment buoyed by a rally on Wall Street overnight. The FTSE 100 is expected to open little changed at 7,715; while the German DAX is seen up by 50 points at 13,218 and the CAC 40 is set to open 15 points […]
Read moreBritain’s Rolls-Royce said on Wednesday it was considering the sale of its commercial marine business, which has been hit by weak demand in offshore oil and gas markets, as part of a restructuring of the company into three core units. Shares in the company jumped after it said the loss-making unit could be sold. They […]
Read moreFragile markets are “on the edge of chaos,” according to one asset management firm, which has compared what it deems an overvalued stock market to cryptocurrency bubbles. “Stocks are in complete bitcoin territory,” Francesco Filia, chief executive at asset management firm Fasanara Capital told CNBC Wednesday. The impending tipping point for markets, per Fasanara’s analysis, […]
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World entering 'critical period of intensified risks' in 2018, WEF says
Extreme weather events and natural disasters are the likeliest global risks to occur in 2018, according to experts surveyed by the World Economic Forum. WEF’s latest Global Risks Report 2018, published Wednesday, showed that environmental disasters, cybercrime, large-scale involuntary migration and illicit trade were among the most notable risks, in terms of likelihood, facing the […]
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German central bank chief says it would be 'appropriate' for ECB to stop its bond buying this year
It would be “appropriate” for the European Central Bank to stop its bond purchases, due to run at least until September, this year, Germany’s representative on the bank’s policymaking body said in an interview to be published on Wednesday. “I would hold that for appropriate from today’s point of view,” Bundesbank’s head Jens Weidmann told […]
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European stocks set to open lower ahead of earnings and inflation data
Stocks in Europe are set to open lower Wednesday morning with global sentiment curbed by a sharp reversal for equities on Wall Street in the previous session. The FTSE 100 is seen down by 16 points at 7,728, the German DAX is set to open down by 58 points at 13,170 and the CAC 40 […]
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'Trump is a revolution, unfortunately, and I'm concerned,' Nobel Prize-winner Robert Shiller says
President Donald Trump is synonymous with a “revolution” taking place in U.S. politics and society, according to Nobel Prize-winning economist Robert Shiller, but not in a good way. Speaking to CNBC ahead of the World Economic Forum (WEF) where Trump will be a key attraction, Shiller, a renowned economist and academic who is also attending […]
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More firms banned as the world’s biggest sovereign wealth fund goes ethical
Norway’s $1.1 trillion sovereign wealth fund has axed investments in another nine companies as it tries to move to what it considers as ethical investments. The most high-profile firm to be pulled from the fund’s collective investment is U.K. defense company BAE Systems, which said via email Tuesday that it respected “the right of investors […]
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Currency, United States Finance
Carillion collapse: Here's a list of the construction jobs that are most at risk
Further to the AWPR, Balfour Beatty was working with Carillion on two other contracts, comprising of operations on the A14 road in Cambridgeshire and a motorway contract in the northwest of England. The financial impact for Balfour Beatty was estimated to be in the range of £35 million ($48 million) and £45 million, the company […]
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Carillion’s collapse could highlight a much wider problem for UK pensions
Carillion‘s pension savers will see a minimum of a 10 percent drop in their retirement income, but more broadly, the collapse of the firm should be a “wake-up call” for every U.K. pension saver, according to a financial consultancy. “The collapse of Carillion further underscores the colossal black hole in many defined benefit pension schemes. […]
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