Silicon Valley Bank names Platts to lead its $16 billion wealth unit:
americanbanker.com/articles/silicon-valley-bank-names-platts-to-lead-its-16-billion-wealth-unit
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| Last Updated | Dec 03 22 |
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India Extends Central Bank Deputy Governor Sankar’s Tenure: India has extended the tenure of T Rabi Sankar, a deputy governor at the country’s central bank ...
bloomberg.com/news/articles/2024-04-24/india-extends-central-bank-deputy-governor-sankar-s-tenor
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China 2024 Growth Outlook Raised to 4.8%, Deflation Risk Lingers: Analysts upgraded their forecast for China’s growth this year after a better-than-expected ...
bloomberg.com/news/articles/2024-04-24/china-2024-growth-outlook-raised-to-4-8-deflation-risk-lingers
Return to Office: UK Employers Offer Fewer Part Time and Remote Jobs: Reed Recruitment data points to less flexible working and more hurdles to return people to ...
bloomberg.com/graphics/2024-04-reed-jobs-report-flexible-working-vacancies-decline/
China 'Lower-Tier Cities' Are Attracting More People -- And More Chain Brands
bloomberg.com/news/articles/2024-04-22/china-s-small-towns-boom-as-megacities-lose-appeal-with-brands
Paid articlePaid BOE Warns of Risks With Private Asset Values Shrouded in Secrecy: The Bank of England is concerned about the ways that private equity giants value their holdings ...
bloomberg.com/news/articles/2024-04-22/boe-warns-of-risks-with-private-asset-values-shrouded-in-secrecy
China Says US’s $8 Billion Taiwan Aid Bill Sends ‘Wrong Signal’: China called on the US to rein in support for Taiwan, after a bill providing some $8 billion in ...
bloomberg.com/news/articles/2024-04-24/china-repeats-criticism-of-us-taiwan-aid-as-bill-passes-senate
Michael O’Leary says he’d ‘happily’ offer UK deportation flights to Rwanda: The Ryanair boss said he would ‘quote for the business’ from the UK government if it ...
businesspost.ie/article/michael-oleary-says-hed-happily-offer-uk-deportation-flights-to-rwanda/
Paid articlePaid Russian Oil Refining Hampered by Floods as Drone Damage Persists: Russian oil refining is near an 11-month low as flooding hampers operations and repairs to ...
bloomberg.com/news/articles/2024-04-22/russian-oil-refining-hampered-by-floods-as-drone-damage-persists
G42 Allies With US Over China in Global AI Conflict: Abu Dhabi-based G42 found it could no longer play for both teams.
bloomberg.com/news/articles/2024-04-25/g42-allies-with-us-over-china-in-global-ai-conflict
Paid articlePaid Peso Fall Won’t Spur Philippine Rate Hike Yet, Finance Head Says: The Philippine peso’s current slump is unlikely to prompt the central bank to raise its key ...
bloomberg.com/news/articles/2024-04-25/peso-fall-won-t-spur-philippine-rate-hike-yet-finance-head-says
Paid articlePaid Biden Trails Trump in 6 of 7 Key States, Poll Shows: Election 2024: The president is trailing Donald Trump in six of seven swing states as a majority of poll ...
bloomberg.com/news/articles/2024-04-24/biden-trails-trump-in-6-of-7-key-states-poll-shows-election-2024
UK Recovery From Recession Gains Momentum as PMI Beats Forecast: The UK economy’s recovery from recession unexpectedly gathered pace at the start of the second ...
bloomberg.com/news/articles/2024-04-23/uk-recovery-from-recession-gains-momentum-as-pmi-beats-forecast
UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.
bbc.com/news/business-68833077
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Russians Transform Dubai as They Flee Putin’s War: Photo Essay: Take a look at their culture at cafes, festivals and even a sailing school.
bloomberg.com/news/articles/2024-04-22/russians-transform-dubai-as-they-flee-putin-s-war-photo-essay
JPMorgan's Jamie Dimon Has a Tech Rival: Silicon Valley Bank: JPMorgan and HSBC are among banks trying to capture the startup market, but the California ...
bloomberg.com/opinion/articles/2024-04-24/jpmorgan-s-jamie-dimon-has-a-tech-rival-silicon-valley-bank
Russia Pushes Its Largest Private Bank to Redomicile at Home: Russia began moves to compel the country’s largest private bank to redomicile by seeking to suspend ...
bloomberg.com/news/articles/2024-04-24/russia-pushes-its-largest-private-bank-to-redomicile-at-home
Paid articlePaid UBS Analyst Who Cut Evergrande Turns Bullish on Chinese Property Market: When it comes to Chinese real estate, John Lam is a lone wolf.
bloomberg.com/news/articles/2024-04-25/ubs-analyst-who-cut-evergrande-turns-bullish-on-property
China Credit Yields Drop to Record Low on Bond Bull Run: China’s local credit yields have fallen to the lowest level ever as investors load up on corporate bonds ...
bloomberg.com/news/articles/2024-04-24/china-s-credit-yields-drop-to-record-lows-on-bond-bull-run
Hope Hostel in Rwanda says it's ready for first migrants from UK: Rwanda is gearing up to welcome deported asylum seekers now the landmark UK bill has passed.
bbc.com/news/world-africa-68836255
Quick Glance: British Law on Deportation of Asylum Seekers to Rwanda
- The new British deportation law aims to curb illegal migration and secure the reelection of Prime Minister Rishi Sunak.
- However, experts doubt the effectiveness of the law in stopping illegal migration to the UK.
- Rishi Sunak is under significant pressure due to political challenges in the election year, including inflation and healthcare issues.
- The Rwanda law intends to deport migrants without valid papers to Rwanda, although the efficacy of the law is being questioned.
‘The working class can’t afford it’: the shocking truth about the money bands make on tour
theguardian.com/music/2024/apr/25/shocking-truth-money-bands-make-on-tour-taylor-swift
Metal Traders Get Ready for Fireworks After LME Russia Ban: Metal traders are bracing for dramatic moves after the London Metal Exchange responded to new US and ...
bloomberg.com/news/articles/2024-04-14/metal-traders-get-ready-for-fireworks-after-lme-russia-ban
Paid articlePaid Chinese Banks Hold Lending Rates With Yuan Under Pressure: Banks in China maintained their benchmark lending rates on Monday, following the Chinese central ...
bloomberg.com/news/articles/2024-04-22/chinese-banks-hold-lending-rates-with-yuan-under-pressure
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The Met has made mistakes – stopping Gideon Falter crossing the road is not one of them
inews.co.uk/opinion/met-mistakes-gideon-falter-crossing-road-not-one-3018434
BOE Chief Economist Huw Pill Says He’s Cautious on Interest Rate Cuts: Bank of England Chief Economist Huw Pill said he’s erring on the side of caution in ...
bloomberg.com/news/articles/2024-04-23/boe-chief-economist-says-uk-is-getting-closer-to-rate-cuts
China’s Distressed Pig Farmers Eye Turnaround as Herd Shrinks: Chinese farmers are keeping the fewest pigs for breeding since 2020, offering hopes that the ...
bloomberg.com/news/articles/2024-04-24/china-s-distressed-pig-farmers-eye-turnaround-as-herd-shrinks
Russia Forecasts Lower Price for Its Gas to China Versus Europe: Russia’s focus on boosting natural gas exports to China is proving less lucrative for the nation ...
bloomberg.com/news/articles/2024-04-23/russia-forecasts-lower-price-for-its-gas-to-china-versus-europe
Paid articlePaid Mexico Elections: What Is AMLO's Legacy as Successor Looms: Understanding the stakes in the upcoming vote.
bloomberg.com/news/articles/2024-04-19/mexico-elections-what-is-amlo-s-legacy-as-successor-looms
Paid articlePaid China Industry Has Lowest Capacity Utilization Since Covid Hit: China’s factories used less of their potential in the first quarter than at any time since the ...
bloomberg.com/news/articles/2024-04-16/china-industry-has-lowest-capacity-utilization-since-covid-hit
Tax on Rich to Save Social Security Popular With Swing-State Voters: Poll: Voters support billionaires tax, trimming benefits for wealthy
bloomberg.com/news/articles/2024-04-24/tax-on-rich-to-save-social-security-popular-with-swing-state-voters-poll
Paid articlePaid ‘I’ll be happy on the UK state pension in Italy, a glass of wine is just £2.50’: Linda Winter sold her £250,000 property in Plymouth and bought a 15th-century ...
inews.co.uk/news/world/happy-uk-state-pension-italy-3015869
FTSE 100 hits record high as shares rise amid hopes of interest rate cuts: UK’s blue-chip index rises to 8,076, surpassing previous high of 8 ...
theguardian.com/business/2024/apr/23/ftse-100-hits-record-high-shares-interest-rate-cuts
Egypt to Get UK Budget Support to Top Off $57 Billion Global Aid: Egypt expects to get $400 million in budget support from the UK over two years ...
bloomberg.com/news/articles/2024-04-22/egypt-to-get-uk-budget-support-to-top-off-57-billion-global-aid
Five Things You Need to Know to Start Your Day: Asia: Good morning. Tech stocks are roaring back. Tesla wants to hurry up and build cheaper models ...
bloomberg.com/news/newsletters/2024-04-23/five-things-you-need-to-know-to-start-your-day-asia
Saudi Crown Prince MBS’s Desert Dream (Neom), Dubai Floods, Iran-Israel Tensions: Over the next few days, private jets will ferry financiers to the site of Crown ...
bloomberg.com/news/newsletters/2024-04-22/saudi-crown-prince-mbs-s-desert-dream-neom-dubai-floods-iran-israel-tensions
China Tells Iran Cooperation Will Last After Attack on Israel - Bloomberg: China’s top diplomat told Iran that the nations can work together across a range of ...
bloomberg.com/news/articles/2024-04-16/china-tells-iran-cooperation-will-last-after-attack-on-israel
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Microsoft's and Amazon's AI partnerships draw UK watchdog scrutiny: Britain's competition watchdog said on Wednesday it was seeking comments on the AI ...
reuters.com/technology/uk-competition-watchdog-seeks-views-ai-partnerships-2024-04-24/
Quick Glance: UK Watchdog Scrutinizes AI Partnerships Involving Tech Giants
- Britain's competition watchdog is reviewing AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic.
- Third-party opinions are being sought on Microsoft's hiring of former Inflection AI employees and related arrangements.
- The CMA is already investigating Microsoft's partnership with Open AI and is awaiting requested information from the companies.
- Views are invited until May 9 before formal investigations begin on the partnerships.
China Copper Gauge at Zero Offers Stark Warning to Metals Bulls: A key measure of Chinese copper demand just sank to zero, another sign that global prices are ...
bloomberg.com/news/articles/2024-04-24/copper-bounces-back-as-traders-await-more-us-data-for-fed-clues
Perceived Job Security in Canada Falls to Lowest Since Covid: Canadians are starting to question whether their jobs are still safe.
bloomberg.com/news/articles/2024-04-22/canadians-perceived-job-security-falls-to-lowest-since-pandemic
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US Aid to Israel Support Drops as Outrage Over War, Gaza Grows: Support among swing-state voters for US aid to Israel has plunged in the months since the country ...
bloomberg.com/news/articles/2024-04-25/us-aid-to-israel-support-drops-as-outrage-over-war-gaza-grows
Paid articlePaid Pfizer vs Moderna battle over COVID vaccine patents begins in UK: Pfizer and BioNTech asked a London court to revoke rival Moderna's patents over technology key ...
reuters.com/business/healthcare-pharmaceuticals/pfizer-vs-moderna-battle-over-covid-vaccine-patents-begins-uk-2024-04-23/
FTSE 100 Live: What's Moving UK Markets, Right Now
bloomberg.com/news/live-blog/2023-12-15/what-s-moving-uk-markets-right-now-markets-today
Elon Musk wanted to lay off 20% of Tesla's workforce, report says: The layoffs may have also affected more people than previously believed — more than 20,000
qz.com/tesla-layoffs-elon-musk-slow-sales-growth-q1-earnings-1851426414
Banxico’s Espinosa Says It’s Too Soon for a Long Easing Cycle: Mexico central bank Deputy Governor Irene Espinosa on Wednesday said it’s too soon to talk about a ...
bloomberg.com/news/articles/2024-04-17/banxico-s-espinosa-says-it-s-too-soon-for-a-long-easing-cycle
Chevron-Exxon Faceoff Hinges on Growth Ambitions: Darren Woods’ oil titan has opened up a market-value lead of $178 billion, and it’s all down to low-cost ...
bloomberg.com/news/newsletters/2024-04-24/chevron-exxon-faceoff-hinges-on-growth-ambitions
China's Country Garden extends bonds to avoid first local default, Bloomberg News reports
reuters.com/markets/rates-bonds/chinas-country-garden-extends-bonds-avoid-first-local-default-bloomberg-news-2024-04-24/
What are the new post-Brexit border controls starting on April 30?: On April 30, the second phase of Britain's new post-Brexit border controls for food imports ...
reuters.com/world/europe/what-are-new-post-brexit-border-controls-starting-april-30-2024-04-22/
China to Stop Displaying Real-Time Data for Foreign Flows Into Stocks: China will soon cease displaying real-time data for flows into the world’s second-largest ...
bloomberg.com/news/articles/2024-04-15/china-to-end-live-feed-on-gauge-of-foreign-flows-into-stocks
Paid articlePaid Rate Chokehold on World Economy Is Set to Loosen Only Slowly: The high tide for global interest rates has passed, but respite for the world economy may be ...
bloomberg.com/news/articles/2024-04-14/rate-chokehold-on-world-economy-is-set-to-loosen-only-slowly
Paid articlePaid Europe's bank earnings to offer interest rate reality check: Investors should get a clearer picture this week of whether higher interest rates are still boosting ...
reuters.com/business/finance/europes-bank-earnings-offer-interest-rate-reality-check-2024-04-22/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
If Britain is so bothered by China, why do these .gov.uk sites use Chinese ad brokers?
theregister.com/2024/04/24/ads_on_gov_uk_websites/
UK budget deficit for 2023/24 overshoots official forecast: Britain's government borrowed more than expected in March, capping the 2023/24 financial year with a ...
reuters.com/world/uk/uk-public-borrowing-119-billion-pounds-march-2024-04-23/
Canadian Real Estate: Optimism Surges With Rate Cuts in Sight, Poll Shows: Canadians are growing bullish on housing again.
bloomberg.com/news/articles/2024-04-15/real-estate-optimism-is-surging-with-bank-of-canada-mulling-rate-cuts
Paid articlePaid Russia’s Seaborne Oil Exports are Near a 10-Month High: Flooding and drone strikes on refineries likely help to keep flows elevated
bloomberg.com/news/articles/2024-04-23/russia-s-seaborne-oil-exports-are-near-a-10-month-high
Paid articlePaid UK businesses expand at fastest pace in 11 months, PMI survey shows: British businesses recorded their fastest growth in activity in nearly a year this month ...
reuters.com/world/uk/uk-businesses-expand-fastest-pace-11-months-pmi-survey-shows-2024-04-23/
Copper Market Grapples With a Crucial Question: Not everyone is convinced that this is the beginning of a long-awaited bull market.
bloomberg.com/news/newsletters/2024-04-18/copper-market-grapples-with-a-crucial-question
UK car output falls in March as EV-transition gears up, says industry body: Britain's car production fell 27.1% year-on-year in March as manufacturers wound down ...
reuters.com/business/autos-transportation/uk-car-output-falls-march-ev-transition-gears-up-says-industry-body-2024-04-24/
UK mulls fresh controls on 'sensitive tech' after China cyber attack claim: Britain is exploring new curbs on China's access to "sensitive ...
thenextweb.com/news/uk-sensitive-tech-china-cyberespionage
China Plays Long Diplomatic Game in Iran-Israel Feud as Middle East Simmers: Hi, I'm Ben Holland in Hong Kong, where my 15 years of experience covering the ...
bloomberg.com/news/newsletters/2024-04-19/china-plays-long-diplomatic-game-in-iran-israel-feud-as-middle-east-simmers
Chinese Economy’s Strong Start to 2024 Is Already Fading: China announced faster-than-expected economic growth in the first quarter – along with some numbers ...
bloomberg.com/news/articles/2024-04-16/china-reports-surprisingly-strong-growth-driven-by-industry
Paid articlePaid ‘I’ll be happy on the UK state pension in Italy, a glass of wine is just £2.50’: Linda Winter sold her £250,000 property in Plymouth and bought a 15th-century ...
inews.co.uk/news/world/happy-uk-state-pension-italy-3015869
Offshore Drilling Expands as US Shale Gets Left Behind: International markets are in the midst of a multiyear expansion in capital spending.
bloomberg.com/news/newsletters/2024-04-22/offshore-drilling-expands-as-us-shale-gets-left-behind
UK Exports Fewer Goods After Brexit, Tilting Economy to Services: The UK is still exporting fewer goods than before Brexit, as the economy becomes more reliant ...
bloomberg.com/news/articles/2024-04-22/uk-exports-fewer-goods-after-brexit-tilting-economy-to-services
Paid articlePaid China AI Gold Rush Sees Retail Traders Hunting for Obscure Winners: Hunt is on for potential homegrown winners – however obscure – as China builds out an ...
bloomberg.com/news/articles/2024-04-19/china-ai-gold-rush-sees-retail-traders-hunting-for-obscure-winners
UK rental costs rise at record 9.2% : Official figures highlight impact of higher borrowing costs on landlords and tenants
ft.com/content/5ec2740e-5c23-4440-a798-fc5198745d50
Second animal runs into cab: bloodied horse gallops through London: Shocking scenes take place in the London district of Aldwych. Two runaway horses gallop ...
n-tv.de/mediathek/videos/panorama/Blutueberstroemtes-Pferd-galoppiert-durch-London-article24897536.html
Britain's anti-greenwashing rule for finance takes effect on May 31: Britain's financial regulator confirmed on Tuesday that its new bespoke rule to combat ...
reuters.com/sustainability/sustainable-finance-reporting/britains-anti-greenwashing-rule-finance-start-may-31-2024-04-23/
China’s Surging Steel Exports Are Inflaming Global Trade Tension: China’s biggest wave of steel exports since a global glut in the mid-2010s is inflaming trade ...
bloomberg.com/news/articles/2024-04-23/china-s-surging-steel-exports-are-inflaming-global-trade-tension
China Loosens Grip on Yuan by Weakening Fix Amid Dollar Strength: China unexpectedly weakened its yuan defense as pressure from a resurgent dollar and poor ...
bloomberg.com/news/articles/2024-04-16/china-loosens-grip-on-yuan-by-weakening-fixing-as-dollar-gains
Paid articlePaid UK court case launched over Brazil Iron mine project in Bahia: Brazil Iron calls itself a sustainable mining company. Local residents call its project a disaster ...
bbc.com/news/world-latin-america-68772590
Migrants drown in Channel, Sunak says nothing will stop Rwanda policy: Five people, including a child, died in an attempt to cross the English Channel from ...
reuters.com/world/europe/least-five-migrants-died-during-attempt-cross-english-channel-la-voix-du-nord-2024-04-23/
Vanke Says It’s Making Plans to Resolve Liquidity Pressure: China Vanke Co. said it’s making plans to resolve liquidity pressure and short-term operational ...
bloomberg.com/news/articles/2024-04-14/vanke-says-it-faces-near-term-liquidity-operational-pressure
Paid articlePaid IMF Expects UK Economy to Be Big Growth Winner From AI Boom: The International Monetary Fund expects the UK economy to be one of the big winners from the ...
bloomberg.com/news/articles/2024-04-16/imf-expects-uk-economy-to-be-big-growth-winner-from-ai-boom
Paid articlePaid
The AI race is generating a dual reality: US tech giants may dominate but they won’t have it all their own way
ft.com/content/8af1f467-2953-4cbc-a336-4c92c92e6792
UK economy grew by 0.1% in February: Second monthly GDP increase in a row raises hopes the UK is emerging from technical recession
ft.com/content/ccf16f8c-acb8-400e-bc73-ae1edbe9cc9b
Paid articlePaidQuick Glance: UK on Track to Exit Recession with Rising GDP
- Britain's GDP rose by 0.1% in February despite heavy rainfall affecting the construction sector and retail.
- Sectors like manufacturing and services experienced growth, while construction saw declines due to bad weather.
- Recent months of economic growth suggest the recession may soon come to an end, although pressure from the cost of living crisis and higher prices persists for households and businesses.
- Despite the positive growth in 2024, GDP remains below 2023 levels and has been stagnant since early 2022, with real wages continuing to decrease and many facing financial difficulties.
UK pay settlements edge lower in first quarter, industry survey shows: British employers reached slightly lower pay settlements with staff in the three months to ...
reuters.com/world/uk/uk-pay-settlements-edge-lower-first-quarter-industry-survey-shows-2024-04-23/
A new photo of Prince Louis has been released to mark his 6th birthday: Britain’s Prince and Princess of Wales have released a new photo of Prince Louis to mark ...
omaha.com/life-entertainment/nation-world/prince-louis-birthday-photo-kate-middleton/article_73eb1de1-fac3-5695-b4d3-ca3461b2d4fa.html
Quick Glance: Celebration of Prince Louis' Sixth Birthday by Kensington Palace
- A recent photo of Prince Louis, captured by The Princess of Wales in Windsor, has been posted on Kensington Palace's social media to commemorate his sixth birthday.
- In honor of his sixth birthday, events are being organized for William and Kate's youngest child to partake in.
- The released photo marks the first image of the children since the contentious Mother's Day picture altered by Kate.
- Following the Easter break, Prince Louis resumes classes at Lambrook School in Berkshire alongside his siblings.
China Says Wang Yi Condemned Iran Embassy Attack in Blinken Call: China said its top diplomat used a call with Secretary of State Antony Blinken to condemn an ...
bloomberg.com/news/articles/2024-04-12/china-says-wang-yi-condemned-iran-embassy-attack-in-blinken-call
Paid articlePaid China Consumer Price Gains Fade With Industry Stuck in Deflation: China’s consumer prices barely increased from a year earlier last month and industrial prices ...
bloomberg.com/news/articles/2024-04-11/china-consumer-price-gains-fade-with-industry-stuck-in-deflation
Paid articlePaid UK police charge two men with spying for China: British police on Monday charged two men with spying for China, including one reported to have worked as a ...
reuters.com/world/uk/uk-prosecutors-authorise-charges-against-two-men-over-spying-china-2024-04-22/
Quick Glance: Charges Filed Against UK Ex-Parliamentary Researcher for 'China Espionage'
- London's Metropolitan Police has accused two men, researcher Christopher Cash and Christopher Berry, of violating the Official Secrets Act.
- The charges coincided with the announcement of the arrest of three German nationals suspected of spying for China and accessing secret maritime technology by German investigators.
- The British duo is alleged to have transmitted 'articles, notes, documents or information' to a foreign state between 2021 and the previous year.
- In September, the Met Police disclosed the arrest of a man in his twenties on espionage suspicions. The Sunday Times revealed his parliamentary researcher identity.
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