KING DOLLAR The dollar juggernaut rolls on. The U.S. currency has rocketed to a near three-year high versus the euro EUR=, a 10-month high against the yen and an 11-year peak versus the Aussie. This month alone it's added 2.5% against [...]
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CHINA ON SICK LEAVE A leap in coronavirus cases in Hubei gave markets pause - for all of 24 hours. Then attention shifted back to the global case-count and the rally resumed. But while investors are focused on containment, the world's [...]
COUNTING THE ECONOMIC TOLL The coronavirus continues to claim lives, yet the impact on global demand and companies is just starting to be felt. Recent days have seen an unremitting flow of dire headlines as supply chains from New Zealand to [...]
The father of race car driver Lance Stroll will pay just over C$300,000,000 and rename his Formula One team after James Bond's car of choice. Lawrence Stroll at the Formula One Grand Prix of Russia at Sochi Autodrom in 2018 in Sochi, Russia. MARK THOMPSON/GETTY IMAGES LONDON [...]
‘Jebel Ali Project’ will feature Adnoc and Dusup working on developing gas reservoir The Jebel Ali area will host the gas reservoir project being developed by Dubai and Abu Dhabi. The venture brings together Adnoc and Dusup. Image Credit: File photo Dubai: Abu Dhabi and Dubai are [...]
El índice PMI del sector manufacturero español se contrajo por octavo mes consecutivo en enero, aunque a un ritmo más lento que en diciembre, tras subir 1,1 puntos hasta los 48,5 puntos. El sector sigue destruyendo empleo a un ritmo sin precedentes en los últimos seis años y registra [...]
The UK manufacturing sector stabilised in January as it was buoyed by increased political stability. The closely watched IHS Markit/CIPS UK manufacturing purchasing managers’ index (PMI) increased to 50 for the month, up from 47.5 in December. A recording above 50 represents growth, meaning sector output was flat [...]
El primer ministro tendrá que emplearse a fondo para demostrar que es un gran estratega capaz de relanzar la economía, sellar alianzas internacionales, reducir la desigualdad en Reino Unido y conseguir un acuerdo con la UE. Boris Johnson vio cumplido el viernes pasado su sueño de los últimos años, [...]
SCHLOCK AND AWE IN CHINA Financial markets have gone swiftly from nonchalance to awe in reacting to the fast-spreading 2019-nCoV or new coronavirus. Global stocks have been shaken in the past week by headlines of cases and deaths, countries telling citizens not to [...]
OUTBREAK Wuhan in central China is the size of London. But these days, flights to and from the city are canceled, highways are shut and soldiers guard the railway station, as China tries to quarantine the center of a virus outbreak that had [...]