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NEW DELHI—Jayaram Jayalalithaa, the powerful chief minister of the state of Tamil Nadu whose fervent following was matched by few other Indian politicians, died late Monday after she failed to recover from cardiac arrest. The daughter of an actress in Tamil-language films, Ms. Jayalalithaa’s first career was in show business. She was featured in more than 100 movies, which catapulted her to fame before she turned to the political arena […]

Several European companies in China have been unable to remit dividends abroad following new exchange controls, in the first confirmation that a complicated approval process for making payments out of China is having a wider impact than first indicated. The EU Chamber of Commerce in Beijing said the payment difficulties experienced by EU companies were “disruptive to business operations”.  The measures, introduced on November 28, appear designed […]

If you set out to make a positive investment case for Italy 20 years ago, the best hope was to play down the myriad structural inefficiencies that blighted the corporate sector and argue that this was a good economy burdened by an unworkable state. Now, after years of no growth accompanied by stubbornly high public debt, a positive case looks even harder to make, especially after the […]

By Jonathan Cable | LONDON LONDON Britain will most likely leave the European Union having signed a bilateral trade agreement, according to a Reuters poll of economists on Tuesday that also suggested there remains little chance of the country slipping into recession. Since the June 23 decision to leave the EU, Britain’s economy has performed much better than had been previously feared. The Bank of England is […]

Brussels’ lead Brexit negotiator has called for an “orderly withdrawal” of the UK from the EU but warned the government will have less than two years to agree its exit in a tough negotiating timetable set by the bloc. In his first press conference after being appointed as head of the EU’s Article 50 Taskforce, Michel Barnier said it was “too soon to talk about the details” […]

India’s southern state of Tamil Nadu is mourning the death of one of its charismatic leader Jayaram Jayalalithaa, after she failed to recover from a cardiac arrest late Monday night. The streets of Chennai thronged with supporters and friends of Ms. Jayalalithaa, who served as chief minister of the state from 2014, as an enormous crowd gathered at a public hall where her body lay draped in […]

Just like in every other Pokémon games, Pokémon Sun and Moon players are also up and about in figuring out how to level up fast, especially when grinding in patches of tall grass and running into the limited number of trainers just don’t cut it for them. To go at it the smart way, all you need is a Lucky Egg, an item that lets the Pokémon holding it gain […]

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Ouch. Shares in spread-betters have tanked after the Financial Conduct Authority announced a comprehensive series of proposals to tighten up on a business that it says is poorly understood by clients. Over 80 per cent of customers lose money on these financial-market bets, the FCA said. At pixel time: CMC Markets shares are down by over 30 per cent to 128.4p. Shares in IG Group are down […]

Lego is undertaking the biggest organisational shake-up in its 84-year history, in a move aimed at exploiting its toy brand more broadly after a decade of strong growth for the maker of plastic bricks.  Under the Danish toymaker’s new structure, its current chief executive, Jorgen Vig Knudstorp — who rescued the brand from near financial collapse in 2004 — will become chairman, taking over from Niels Jacobsen. […]

Anyone checking the exchange rate between China’s renminbi and the US dollar would have got a shock early on Tuesday when an apparent glitch resulted in quotes shown on Google and at least two other currency exchange websites showing an 8 per cent devaluation. When markets opened, the Chinese currency instead rose against its US counterpart, after the central bank set the midpoint of the renminbi’s 4 per […]

The World Economic Forum is preparing to welcome Xi Jinping to its annual meeting in January, in what would be the first such appearance by a Chinese president. Mr Xi’s stop-off at the mountain resort will coincide with a state visit to Switzerland and planning is well under way, according to two people who have been involved in the arrangements. The annual meeting is a favourite watering […]

Tuesday 02.00 GMT Overview Stocks across Asia were higher, taking their lead from US and European bourses that shrugged off the result of a No vote in Sunday’s Italian referendum on constitutional reform. Hot topic China’s renminbi has become a talking point after a handful of web sites, including Google, generated apparently erroneous quotes for the currency around Rmb7.48 per US dollar — a rate that would […]

Submitted by Mac Slavo via SHTFPlan.com, When gold exploded to the upside earlier this year amid the biggest New Year’s stock market panic in history, we noted that the bull market had awoken. And despite arguments to the contrary from mainstream financial pundits that gold and silver were not monetary metals and nothing but historical relics, it became apparent during the Brexit vote that precious metals were the […]

Facebook, Google, Microsoft and Twitter on Monday announced they had joined forces in an attempt to curb explicit terrorist imagery online. The move follows criticism from Brussels that big US social media groups have made insufficient effort to clamp down on hate speech. In a statement, the technology groups said they were building new technology that would identify extremist content, including terrorist recruitment videos and images of […]

Italy’s president has asked Matteo Renzi to stay on as Italy’s prime minister until the country’s budget law is passed in parliament, extending his stay at the helm of the Italian government for possibly a week. At a meeting in the presidential palace in Rome, Mr Renzi expressed his intention to resign after suffering a bruising defeat in a constitutional reform referendum held on Sunday. But Sergio […]

December 5, 2016 by: Anjli Raval, Oil and Gas Correspondent Oil rose to its highest level since mid-2015, topping $55 a barrel, as traders bet on supplies tightening after Opec struck a deal last week to cut production for the first time in eight years. The 13-member cartel has now invited producers from outside the cartel to Vienna this week, as it looks to secure their backing […]

By Michael Holden | LONDON LONDON The British government’s appeal against a legal ruling that it needs parliamentary approval to trigger the formal process of leaving the European Union is being heard in the country’s top court this week. Prime Minister Theresa May has announced that she will invoke “Article 50” of the EU’s Lisbon Treaty by the end of March and begin the formal Brexit negotiations […]

Shinzo Abe will make a historic visit to Pearl Harbor later this month where he will remember the dead of World War Two alongside outgoing US president Barack Obama. The visit will make Mr Abe the first sitting Japanese prime minister to visit Pearl Harbor since his country’s surprise attack on the Hawaiian port began the Pacific war 75 years ago. Following Mr Obama’s visit to the […]

A new battle is breaking out among the titans of cloud computing, as competition in the fast-growing sector shifts to a fresh arena: artificial intelligence. Amazon is the latest tech company to join the fray, boosting its focus on artificial intelligence at a time when Amazon Web Services, its cloud computing division, is locked in competition with Microsoft and Google. AWS, which sells computing and data storage […]

This is the first of a series on the global rise of exchange traded funds The supposed death of the stock picker has become one of the dominant narratives of post-crisis finance. As trillions of dollars have rushed into low maintenance, index-based products facilitated by exchange traded funds, it has become common place to hear traditional fund managers and analysts complain that this wall of cash is […]

Jayaram Jayalalithaa, the chief minister of the southern state of Tamil Nadu and one of India’s most powerful politicians, was in “very critical” condition Monday, a day after she suffered a cardiac arrest, according to authorities at the hospital where she is being treated. Ms. Jayalalithaa, who has a cult-like following, was on life support systems, Apollo Hospitals said in statement Monday afternoon. Four doctors from New […]

Shares in Italian banks opened sharply lower Monday morning after voters rejected the country’s constitutional reform referendum, with investors questioning whether some of Italy’s largest financial institutions will now be able to raise capital needed to shore up their finances. Milan’s stock market benchmark, the FTSE Mib, was down 1.4 per cent to 16,857.0 in opening trading, led lower by its banks after Matteo Renzi, Italy’s prime […]

Discuss the law of large numbers with statisticians and they mean using large samples to improve experiments. Analysts take the phrase to mean no company or economy can grow stratospherically forever. China watchers have another approach, forecasting eye-popping numbers for future foreign investment into Chinese financial markets. Expected long-term inflows via the Shenzhen-Hong Kong Stock Connect, launched on Monday, are no exception. But in the short term, […]

In late July, Moussa Aksar, the director of Niger’s L’Évènement newspaper, answered his phone and heard a familiar voice warning him that he was, once again, in danger. “Be careful,” a friendly source told Aksar. “Look out for yourself and be careful what you say on the phone.” Aksar had just published Niger’s first exposé from the Panama Papers, the investigation based on a leak of documents […]

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