By Kylie MacLellan and William James | LONDON LONDON Britain will not seek a Brexit deal that leaves it “half in, half out” of the EU, Prime Minister Theresa May will say on Tuesday in a speech setting out her priorities for divorce talks which indicates she is prepared to leave the single market. Sterling, which has traded at the lowest levels against the U.S. dollar for […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil dipped on Tuesday on lingering concerns over global fuel oversupply due to rising U.S. output and doubts that OPEC and other producers would adhere to commitments to cut output in an effort to balance markets and prop up prices. Brent crude futures, the international benchmark for oil prices, were at $55.55 per barrel at 0643 GMT, down 31 cents from […]
By Noah Barkin | DAVOS, Switzerland DAVOS, Switzerland Chinese President Xi Jinping will defend globalisation in the face of mounting public hostility in the West on Tuesday in a speech at the World Economic Forum that will underline Beijing’s growing global role. Xi’s appearance, a first for a Chinese leader at the annual meeting of political leaders, CEOs and bankers in Davos, comes as the part the […]
Theresa May will test the nerves of currency markets on Tuesday when she declares that Britain is making a clean break from the EU and will not seek a deal that leaves the country “half in and half out”. Mrs May’s comments will be seen as confirmation that Britain is leaving the single market — sometimes referred to as “a hard Brexit” — although she will leave […]
Tuesday 02.00 GMT Overview Stocks were putting in a mixed performance in Asia, while currencies fluctuated as markets braced for the impact of a speech by UK Prime Minister Theresa May laying out her administration’s Brexit blueprint. Hot topic The Japanese yen rallied as some traders initially sought havens, strengthening as much as 0.3 per cent before swinging back to be 0.1 per cent weaker at ¥114.26 […]
By Kylie MacLellan | LONDON LONDON Britain will not seek a Brexit deal that leaves it “half in, half out” of the European Union, Prime Minister Theresa May will say on Tuesday, according to her office, in a speech setting out her 12 priorities for upcoming divorce talks with the bloc. Those priorities will include leaving the European Union’s single market and regaining full control of Britain’s […]
CARACAS OPEC Secretary-General Mohammed Barkindo forecast on Monday that stability would return to oil markets this year while price hawk Venezuela said it hoped its crude basket would rise to $70 in coming months. The head of the Organization of the Petroleum Exporting Countries was back in Caracas for a second meeting in two months with President Nicolas Maduro whom he lavishly praised for an “inspirational” role […]
Asset price movements in the past few weeks have pointed both to the upside and a major risk for the global economy and markets under a Trump administration. Enthusiasm over higher US growth powering the global economy has been tempered at times by worries that certain elements of the president-elect’s “America First” approach could undermine longstanding trading relationships, opening up the risk of economic and financial disruptions. […]
By Fatos Bytyci | PRISTINA PRISTINA Serbia plans to seize a slice of northern Kosovo just as Russia annexed Ukraine’s Crimea region in 2014, Kosovo’s president told Reuters on Monday, as the two Balkan neighbours trade accusations of wanting to ignite a new regional war. Kosovo special police units on Saturday prevented a train painted in Serbia’s national colours and bearing the words “Kosovo is Serbia” from […]
Ministers are drawing up plans for a two-tier system of UK border controls for EU citizens as Theresa May prepares to tighten migration rules at the expense of single market membership. Senior government officials expect the prime minister to decide on a system based on work permits and new automated security checks — similar to the US visa-waiver programme — for EU citizens travelling to Britain. The […]
“Dedication, that’s what you need, if you want to be a record breaker,” sang the TV entertainer Roy Castle on the long-running BBC programme dedicated to notable feats. London’s FTSE 100 has been on a dedicated record-breaking run all of its own, notching up an unprecedented 14 consecutive sessions of gains by the end of last week, a run which only ended on Monday, when the index […]
Ken Miller Crunch Network Contributor Ken Miller is an investor, writer, and advisor to several technology companies and Venture Capital firms. Previously he was an Executive at PayPal and Intuit, and early Advisor to Square. More posts by this contributor: How to join the network Pundits and Monday morning quarterbacks have spent much of the last two months lost in a fog of speculation and assertions as […]
By Nigel Stephenson | LONDON LONDON Investors sold sterling and stocks on Monday, seeking shelter in gold and the Japanese yen as uncertainty over Britain’s departure from the European Union and the policies of U.S. President-elect Donald Trump curbed appetite for risky assets. U.S. markets were closed for the Martin Luther King Day holiday, crimping market activity and potentially exacerbating price moves. The dollar .DXY rose, except […]
He was the president who took out Osama bin Laden but was blindsided by Isis; who made Asia his priority but saw his trade deal for the region stymied; who built bridges with once sworn enemies in Cuba and Iran but who sparred with allies in Israel and Saudi Arabia. The mixed and sometimes messy foreign policy legacy of Barack Obama includes a climate change agreement and […]
Traders are anticipating big swings in the pound, ratcheting up the cost of hedging against sterling volatility in preparation for fast-moving developments in the UK’s ever-more fractious relationship with the EU. Theresa May’s Brexit speech that she will deliver on Tuesday has already caused big shifts in the pound, following weekend media reports about its likely content. However, traders are now weighing up the impact of Donald […]
Workers likely to be impacted first by automation include those in manufacturing and retail trade. Image: Getty Images/iStockphoto Today’s technology could be used to automate half of all work activities by 2055 but it could end up taking far longer than that, according to a report from McKinsey Global Institute. It’s likely that one day your skills could be made obsolete by technology aided by advances in […]
By Noah Barkin | DAVOS, Switzerland DAVOS, Switzerland A trade war between the United States and China and a strengthening dollar are among the biggest threats to a brightening global economic outlook, according to leading economists at the World Economic Forum in Davos. As political leaders, businessmen and bankers converge on the resort in the Swiss Alps this week, they can draw hope from a more benign […]
Source: United Nations University Hong Kong and Singapore in 2015 produced the highest volume of e-waste in the region, generating 21.7kg and 19.95kg, respectively, per capita. At 19.13kg per capita, Taiwan rounded up the top three e-waste producers, while China more than doubled its production between 2010 and 2015–at 107 percent–to 6.7 million tonnes. Across East and Southeast Asia, the average e-waste generation per capita was 10kg […]
The PNP chief also calls on the public to stop using the term ‘Tokhang for ransom,’ saying it ‘hurts’ the police force Bea Cupin Published 4:40 PM, January 16, 2017 Updated 4:40 PM, January 16, 2017 KIDNAPPING CASE. PNP chief Ronald dela Rosa (right) says SPO3 Ricky Sta Isabel has since surrendered to the NBI, which is under Justice Secretary Vitaliano Aguirre II (left). File photo by […]
The pound has fallen below the $1.20 mark for the first time since the October “flash crash”, ahead of a speech on Tuesday when UK prime minister Theresa May is expected to signal that Britain will fully break out of the EU’s common market after Brexit. The UK currency fell as much as 1.6 per cent to a low of $1.1986 against the dollar in early Asian […]
Not helping matters for the Chiefs has been yet another dominant effort by Bud Dupree, Pittsburgh’s standout linebacker. The second-year player started the season on injured reserve, and did not play a snap until Week 11, but he has turned into a major disrupter on defense. He delivered a huge hit to Chiefs quarterback Alex Smith that resulted in an interception and also got into the backfield […]
Delta Air Lines CEO has again raised the prospect that President-elect Donald Trump’s administration would intervene in the US carriers’ dispute with Gulf airlines. Ed Bastian, speaking to investment analysts during the carrier’s recent quarterly earnings call, said that officials from the US ‘big three’ – American, United and Delta – have already met with officials from Trump’s transition team to discuss current industry issues, including the […]
By Richard Balmforth | PARIS PARIS Former Prime Minister Manuel Valls, long tipped to win the left-wing ticket for France’s presidential election this spring, trailed his rivals after a debate on Sunday where his immigration policies came under fire. In the televised debate, Valls faced six other contenders ahead of a Socialist primary starting on Jan. 22 to pick a candidate who can keep next May’s presidential […]
By Estelle Shirbon and William James | LONDON LONDON Prime Minister Theresa May will use a major speech on Brexit next week to call on Britons to reject the acrimony of last year’s referendum and unite around the vision of a Britain more open to the world, her office said on Sunday. May intends to kick off the formal process of negotiating the terms of Britain’s exit […]
