Sterling is expected to strengthen in the coming days ahead of a crucial European Summit where an important milestone for Brexit negotiations is set to be reached. “You’d get a big move into the pound, if there’s agreement to move to trade (negotiations),” Stephen Isaacs, chairman of the investment committee at Alvine Capital, told CNBC […]

The vice-president of the European Central Bank (ECB) warned Wednesday that current high valuations in U.S. equities could spark a possible correction in global stock markets. Speaking to CNBC, Vitor Constancio said: “Certainly the cyclically-adjusted price (to) earnings ratio in the U.S. is well-above historical averages.” This ratio is an important metric used by traders […]

President Donald Trump on Wednesday retweeted three graphic anti-Islamic videos by the deputy leader of one of the U.K.’s most far-right groups. The retweets did not include any Trump commentary. The tweets were posted by Jayda Fransen, deputy leader of Britain First, whose members are banned from mosques in England and Wales. The group was […]

Apple is scrambling to fix a serious glitch within its latest Mac operating system. A major flaw in the way the MacOS High Sierra operates means that anyone can gain entry to a computer without the use of a password, obtaining access to powerful administrator rights in the process. Warnings about the bug were shared […]

China’s Zhejiang Geely and its Volvo Cars unit are considering making Lynk & Co. branded vehicles at Volvo plants in Belgium and the U.S. state of South Carolina, a senior Lynk & Co. official told Reuters on Wednesday. The Lynk & Co. brand is jointly owned by Geely and Volvo Cars, and sales of the […]

Germany’s BMW is talking with other automakers “around the world” to try to find partners to lower the cost of electrifying its future Mini small cars, management board member Peter Schwarzenbauer told Reuters. “We are talking to many OEMs (manufacturers) around the world, not only in China, (about) how to electrify smaller cars,” Schwarzenbauer said. […]

The European Central Bank (ECB) warned Wednesday that despite the improved economic growth in the euro area there are concerns related to a sudden increase in volatility. “Systemic stress indicators for the euro area have remained low over the past six months,” the ECB said in a statement on Wednesday, but added that “the risk […]

Bubble, Ponzi, tulip and trouble have been among the words used by crypto-critics over the past year as bitcoin powered from under $1,000 and passed the much talked about $10,000 marker. Despite being talked down by some major financial names, not least JPMorgan CEO Jamie Dimon, it looks like cryptocurrencies could be here to stay. […]

The London Stock Exchange said its chief executive Xavier Rolet has stepped down and will be replaced by David Warren, chief financial officer, on an interim basis. The exchange also said that its chairman Donald Brydon has indicated he will not stand for re-election at the annual general meeting in 2019. Rolet had already announced […]

European bourses are seen opening mixed on Wednesday morning amid renewed concerns over North Korea’s latest missile launch, while bitcoin surged past $10,000 for the first time. The FTSE 100 is set to open 30 points lower at 7,432; while the DAX is expected to start up by 53 points at 13,113 and the CAC […]