Monday 06:10 GMT Overview The US dollar continued its slide in the wake of last week’s widely expected decision by the Federal Reserve to raise interest rates, while Asian stocks were mixed. European bourses are expected to open with a soft bias, with spreadbetters predicting the UK’s FTSE 100 will be unchanged but Germany’s Dax to drop 30 points to 12,065. US index futures suggest the S&P […]
Mansour Bin Jabr’s idea of a hard life may not resonate with everyone. “The cars, the jets, they don’t make me happy. I’m a hippie in a way. I love islands, beaches,” says the 30-year-old chief operating officer of Bin Jabr Group, having just returned from a business trip in the Maldives. “I see myself retired in the Bahamas in a resort I own with my toys. […]
By Lawrence Delevingne | NEW YORK NEW YORK Grocery business Albertsons Cos held preliminary talks to merge with Sprouts Farmers Market Inc (SFM.O), Bloomberg reported on Sunday, citing people familiar with the situation. Bloomberg said the early stage discussions took place in recent weeks and involved a plan to take Sprouts private. Doing so would add the natural and organic foods-focused business to the Albertsons suite of […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on positive signals for the word’s second-largest economy and the implications for investors of the Federal Reserve rate rise. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Investors may be wary of being burnt by China but the drumbeat of bullish noises […]
By Michael Nienaber | BADEN-BADEN BADEN-BADEN The failure of the world’s financial leaders to agree on resisting protectionism and support free trade marks a setback in the G20 process and poses a risk for growth of export-driven economies such as host Germany, economists said on Sunday. Acquiescing to an increasingly protectionist United States after a two-day meeting in the German town of Baden-Baden, the finance ministers and […]
Here are the big questions for markets and investors as a new trading week beckons. Does a measured Fed risk being left behind by inflation?After a barrage of central bank meetings, Brexit angst and the first major European election for the year, market volatility across bonds and equities remains quiescent. Having been primed for a more aggressive Federal Reserve and wary of polls being wrong ahead of […]
BEIJING U.S. Secretary of State Rex Tillerson told Chinese President Xi Jinping on Sunday that President Donald Trump looks forward to enhancing understanding with China and the opportunity for a visit in the future. Xi said he was glad to see good progress from Tillerson’s meetings in China so far and that he and Trump expect a new stage of constructive development in bilateral relations. Tillerson said […]
Philippine President Rodrigo Duterte shakes hands with visiting Chinese Vice Premier Wang Yang, in Davao City,the Philippines, on March 17, 2017. (Xinhua/Rouelle Umali) MANILA, March 18 (Xinhua) — A senior Chinese official said on Saturday that China and the Philippines enjoy broad prospects of pragmatic cooperation, urging the two countries to grasp the opportunity to deepen and enlarge bilateral cooperation. “China and the Philippines are close in […]
Brazil’s coffee farmers, struggling with the effect of last year’s drought, have turned to another black commodity — pepper. In a desperate search for an alternative source of income, an increasing number of growers in the state of Espirito Santo, the key producer of the lower-quality coffee robusta beans, have switched to black pepper, whose price more than tripled between 2009 and 2015. “Four years ago, we […]
Forced applause usually follows a regulator’s remarks to the regulated. Not so inside the pink stucco walls of the Boca Raton Resort and Club in Florida this week. Chris Giancarlo of the Commodity Futures Trading Commission received a standing ovation when he spoke to hundreds of traders, brokers and exchange executives. The enthusiastic response reflects hopes in the derivatives industry for a better relationship with the CFTC, its principal […]
Finance ministers from the world’s biggest economies have dropped pledges to renounce protectionism in a meeting marked by tension over trade between the US and China. G20 finance ministers meeting in the German resort town of Baden-Baden noted the importance of trade to the global economy, but dropped tougher language from last year that vowed to “resist all forms of protectionism”. We have reached an impasse The […]
Foreign investment capital has surged into Chinese domestic bonds over the past year, intensifying pressure for the inclusion of China’s $9.3tn bond market in dominant market indices that direct some of the world’s biggest fund flows, fund managers and analysts said. A year since China took meaningful steps to further open its bond market to international capital, inflows from foreign institutions rose 53 per cent to Rmb732bn […]
Despite another turbulent few days in British politics, the pound is ending the week on a firmer footing. Sterling brushed off the latest bout of Brexit nerves and further worries about a break-up of the UK, closing near $1.24 on Friday. Its revival was aided by a dovish Federal Reserve and a hawkish Bank of England. However, there are still plenty of currency-watchers who see further trouble […]
Mulesoft, a software “unicorn”, gained 46 per cent in its trading debut in New York on Friday, the latest in a number of hot listings that are reviving the US market for initial public offerings. Mulesoft rose to $24.75 after pricing at $17, giving the IPO the best first-day “pop” this year, according to Dealogic. The performance follows recent first-day gains from Canada Goose, the maker of […]
At 38 years and counting, the clock is ticking against the famed environmental artist for his proposal to create the world’s largest sculpture in the UAE desert. Even though many of Christo’s memories may be cherished, not every anniversary is a cause for celebration. “I am not a masochist, I don’t like to spend 38 years working on this project,” says the white-haired artist who wrapped the […]
Tiffany & Co (TIF.N) reported fourth-quarter profit ahead of analysts’ estimates as it sold more jewelry in Japan and China, sending shares to a 19-month high in morning trading on Friday. Sales in Japan were bolstered by the brand exposure Tiffany got through a popular television show last year and a strong yen helped boost spending by Japanese tourists in other regions, Tiffany’s Chairman and interim Chief […]
Friday 13:30 GMT What you need to know ● Dollar index nudges up after hitting five-week low● Short term US bond yields inch higher● Global stocks at record as Wall St gains ground● Oil prices firmer after volatile week● Gold advances towards $1,230 an ounce——————- Hot topic Has the buck bounce run its course? The dollar index (DXY) — a measure of the greenback against a basket […]
The rise of algo trading and passive investing is bringing new patterns and pitfalls Source link
William “Billy” Walters’ stomach for taking risky bets and reading “tells” of opponents made him one of the most successful sports gamblers of all time. It is the same strategy he used to invest in the stock market, his lawyer told a jury as opening statements began in his $40m insider trading trial. Prosecutors have accused Mr Walters of making over $30m in profits and avoiding $10m […]
Agricultural traders and investors are watching the debut of a new derivative product that will allow them to bet on the benchmark price of Black Sea wheat. Wheat is the largest traded grain on the international markets and Russia became the leading exporter last year. Russia, Kazakhstan and Ukraine — collectively known as the Black Sea region among grain traders — accounted for just under a third […]
It is fitting that just a few hours until the Fed’s second rate hike in two quarters, and one day after Goldman downgraded global stocks to Neutral for the next 3 months, not to mention with the results of the anticipated Dutch election due shortly, that global stocks as well as S&P futures are higher, while crude oil has finally managed to stage a rebound as the […]
Shares in Cathay Pacific fell as much as 6.9 per cent on Wednesday after the Hong Kong flag carrier swung to its first annual loss since 2008. The airline reported a net loss of HK$575m ($74m) for 2016 in the face of increased competition from mainland Chinese airlines and falling demand for its premium class seats. The net loss compares with a HK$6bn profit reported in 2015, […]
China plans to introduce a bond trading link between Hong Kong and the mainland by year-end, according to premier Li Keqiang. Dubbed “Bond Connect”, the programme would operate alongside the existing Stock Connect system that allows international and mainland investors their only direct access to each others’ markets. On Wednesday, the Chinese premier said: “We are preparing to implement for the first time this year a bond […]
Toyota Motor Corp signed a memorandum of understanding (MOU) on Tuesday with a Saudi Arabian government agency to conduct a feasibility study into producing vehicles and parts in the Middle Eastern nation. The move, if firmed up, would be a big step for the Saudi economy as the government tries to diversify beyond oil exports and create jobs as part of the kingdom’s 2030 Vision. So far, […]
