Our round-up of the week’s best comment and analysis from the Financial Times focuses on the European Central Bank strategy, green investment and the future of India’s economy. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Olivier Garnier, a group chief economist at Société Générale, looks at the European Central Bank’s exit strategy from ultra-loose monetary […]
Thanks to a new radar technique employed by NASA, India’s first lunar probe that went missing about eight years ago has finally been found. Chandrayaan-1 The Indian Space Research Organisation launched its first moon probe Chandrayaan-1 in October 2008 but less than a year after the spacecraft successfully entered lunar orbit, technical problems started to emerge. By August 2009, controllers lost contact with the spacecraft. After about […]
By Tuvan Gumrukcu and Thomas Escritt | ANKARA/ROTTERDAM ANKARA/ROTTERDAM Turkey told the Netherlands on Sunday that it would retaliate in the “harshest ways” after Turkish ministers were barred from speaking in Rotterdam, as a row over Ankara’s political campaigning among Turkish immigrants escalated. President Tayyip Erdogan labeled the Netherlands a “Nazi remnant” after it became the latest European country worried about political tensions inside Turkey spilling beyond […]
David Davis urged Conservative MPs not to “tie the prime minister’s hands” over Britain’s departure from the EU as the Brexit secretary sought to head off an expected Commons rebellion on Monday. A handful of MPs are expected to make a last-ditch attempt to modify the government’s Brexit plans as the Article 50 bill is debated once again in the chamber. But they are unlikely to muster […]
Here are the main questions facing investors and markets as a new trading week beckons. What will the Federal Reserve say?Sometimes words matter more than action. A quarter percentage point tightening is all but baked in after the February jobs report, when 235,000 jobs were created — eclipsing market expectations. Of greater importance is whether Fed officials indicate a willingness for a faster rate of tightening in […]
European leaders are preparing for Britain to begin Brexit imminently, amid signs that Theresa May could activate Article 50 divorce proceedings as early as Tuesday. During a summit of the remaining 27 EU members in Brussels on Friday, leaders were told to expect London to trigger exit talks next week and to prepare for a Brussels gathering on April 6 to respond to Britain’s formal letter of […]
Authored by Federico Pieraccini via The Strategic Culture Foundation, While the world continues to decipher, or digest, the new Trump presidency, important changes are afoot within the grand strategic triangle that lies between Russia, Iran and China Away from the current chaos in the United States, major developments are progressing, with Iran, Russia and China coordinating on a series of significant moves crucial for the future of […]
Photo President Recep Tayyip Erdogan of Turkey at a rally in Istanbul on Saturday. He threatened to retaliate against the Netherlands for denying the foreign minister permission to fly in. Credit Ozan Kose/Agence France-Presse — Getty Images PARIS — The Dutch government on Saturday intensified a diplomatic dispute between Turkey and its NATO allies in Europe by refusing to let the Turkish foreign minister fly into the […]
ISTANBUL: Turkish President Recep Tayyip Erdogan on Saturday likened a Dutch ban on his foreign minister’s visit to Nazism, in a dramatic escalation of a row over campaign events abroad for Turkey’s high stakes referendum.The leader’s strongly-worded comments came after The Hague said it would refuse Foreign Minister Mevlut Cavusoglu’s plane permission to land ahead of a rally to gather support for boosting Erdogan’s powers.The Dutch decision […]
PARIS France’s far-left presidential candidate Jean-Luc Melenchon said on Saturday he had secured the 500 endorsements from elected officials needed in order to run in the election. “We have our 500 sponsors!” Melenchon tweeted. The European parliamentarian, whose “Indomitable France” grouping is backed by the country’s Communist party, had reached 432 signed endorsements from lawmakers and mayors on Friday, according to France’s constitutional court. Former Economy Minister […]
March 11, 2017 by: Mehul Srivastava in Istanbul and Duncan Robinson in Brussels Turkish President Recep Tayyip Erdogan has accused the Dutch authorities of being “fascists” after they blocked a flight carrying his foreign minister from travelling to Rotterdam. He also threatened to stop flights to Turkey from the Netherlands. Mevlut Cavusoglu had been due to address a Turkish rally as part of a campaign to win […]
Burkhard Varnholt last week paid €14 for lunch for two people at a smart restaurant in Berlin. “The euro is so cheap,” says Credit Suisse’s deputy chief investment officer. It is cheap because of one factor: Marine Le Pen. In normal circumstances, the euro would be trading a lot higher on the back of the eurozone’s record current account surplus, an unemployment rate at its lowest in […]
ANKARA Turkish Foreign Minister Mevlut Cavusoglu said on Saturday deals with the European Union, including an agreement on stemming the flow of migrants, would be jeopardised if the bloc failed to implement promised visa liberalisation for Turks. Cavusoglu, speaking to CNN Turk television, said Turkey would present a final text to the bloc “and either it will all be cancelled, including the visa liberalisation and migrant deal, […]
MEPs: Bankers, lawyers and accountants are “enablers” of tax avoidance A WIDE SUPPORT NETWORK of professional organisations “played a crucial role” in the biggest financial tax evasion scandal in world history, according to MEPs interrogating the circumstances and causes behind the Panama Papers tax scandal. Institutions of bankers, lawyers and accountants acted as “enablers and promoters of tax avoidance” allowing corporate and financial interests to slash trillions […]
Bird flu has reared its ugly head not only in China but also in the U.S. and as fears of an epidemic escalate, measures are being taken all over the world to control the outbreak. The latest victim of the Avian Flu scare is the Schoenbrunn Zoo in Vienna, Austria, which has administered euthanasia on a flock of 20 Dalmatian pelicans after the bird flu virus was found in […]
When Rex Tillerson visits Japan and South Korea next week, the new US secretary of state will not escape the whispers back home: the former ExxonMobil chief executive has been all but invisible since arriving in Washington. In his first weeks as the top US diplomat, the Texan has been conspicuously low-profile. His silence has fuelled concerns that President Donald Trump intends to downgrade diplomacy — and […]
By Shadia Nasralla | VIENNA VIENNA Four planned Turkish political meetings in Austria were cancelled on Friday in the latest signs of unease across Europe over a series of campaign events to rally support among expatriate Turks for President Tayyip Erdogan. A spokesman for police in the city of Linz said the private owner of a venue there had cancelled an event featuring a party colleague of […]
“It sucks,” says Mike Mayo. One of the more visible Wall Street analysts, Mr Mayo lost his job last week when CLSA, the Chinese-owned broker which had employed him, abruptly shuttered its US research operations. At 4.15pm last Monday, as Mr Mayo tells it, he was summoned to an all-hands meeting. At 4.20pm he and 89 others were let go. He went to FedEx to buy nine […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth. Nonfarm payrolls increased by 235,000 jobs last month as the construction sector recorded its largest gain in nearly 10 years due to unseasonably warm weather, the […]
It has been nearly seven years but investors are finally beginning to focus on the prospect of a tightening in monetary policy for the eurozone. A subtle shift in the signalling from European Central Bank president Mario Draghi this week has pushed up the probability of a December 2017 rate rise to more than 50 per cent from just odds of a tenth at the start of […]
The US government’s benchmark borrowing costs remained above 2.6 per cent on Friday as investors anticipated robust US employment data ahead of a likely Federal Reserve interest rate increase next week. The benchmark 10-year yield — one of the most widely followed interest rates in the global economy — was at 2.61 per cent by early in London, its highest level since December and up from below […]
Via Dmitriy Sedov of The Strategic Culture Foundation, The things European politicians have had to listen to from Recep Tayyip Erdo?an! Over the 14 years of his administration, this charismatic Turkish leader has managed to tally up a long list of the sins committed by the European Union and has often promised to make the EU pay a price for each of them. European politicians have not […]
Mario Draghi has declared victory against deflation and moved a step towards ending the European Central Bank’s ultra loose monetary policy, sending the euro and German bond yields higher as investors bet on the end of crisis-era stimulus measures. Facing growing pressure from monetary hawks in Germany, the ECB president said the bank decided to change its guidance to investors — omitting a reference to using all […]
Friday 06:00 GMT Overview Asian markets were broadly positive on Friday as South Korea’s president was formally impeached, while Treasuries remained under pressure ahead of the US jobs report that could fuel expectations the Federal Reserve will raise interest rates next week. European bourses are expected to open higher, with spreadbetters predicting the UK’s FTSE 100 will add 20 points to 7,335 and Germany’s Dax to climb […]
