Posts belonging to Category stock exchange



How will the General Election result affect Brexit?

Hung Parliament

The prospect of a hung Parliament would throw serious doubt over Brexit negotiations, due to begin in earnest in just 10 days.

The BBC/Sky/ITV poll put the Conservatives on 314 seats, Labour on 266, the Scottish National Party on 34, Liberal Democrats on 14, Plaid Cymru on three and Greens on one.

The EU’s chief Brexit negotiator Michel Barnier has set June 19 as his favoured date for the start of talks, due to last around 14-18 months.

http://www.thetelegraph.co.uk…  Fri.,  09  June 2017

U.S. Oil Exports Double

The pace of exports hit 1 million barrels a day

American oil exports are emerging as a disruptive new force in global markets.

The U.S. exported 1 million barrels of oil a day during some months so far this year—double the pace of 2016—and is on track to average that amount for all of 2017, according to a Wall Street Journal analysis of data from the U.S. Energy Department and the International Trade Commission.

http://www.wsj.com…  Thu.,  08  June 2017

Female comic book superhero works

Wonder Woman for Hollywood

They said a female comic book superhero movie couldn’t work. They said women couldn’t direct big-budget action blockbusters. They said audiences overseas wouldn’t go for a big-budget spectacular not centered around a white guy. They said a lot of things over the last few decades.

Patty Jenkins and Gal Gadot’s Wonder Woman just outgrossed the entire global total of Green Lantern ($219m) this weekend. Oh, and by tomorrow, it will probably be the biggest DC Comics movie ever not based around Batman or Superman. Sorry, Constantine ($230m in 2005 and sans 3D), I still think you’re pretty cool.

http://www.forbes.com…  Wed.,  07  June 2017

A thousand US CEOs and mayors: ‘we will continue to fight climate change’

The Paris Agreement is a blueprint for job creation, stability and global prosperity

Over a thousand mayors, businesses, investors, and academic institutions have signed a pact to continue fighting climate change in the US despite Donald Trump’s withdrawal from the Paris Agreement.

Last week, Mr Trump pulled out of the Paris accord, stressing that it puts American workers at an “economic disadvantage” and that it is “unfair” for the US economy.

The “We Are Still In” initiative represents $6.2 trillion of the US economy – composed of bipartisan “drivers of the real economy,” Lou Leonard, World Wildlife Fund’s Senior Vice President of Climate Change and Energy, told The Independent.

http://www.independent.co.uk…  Tue.,  06  June 2017

Saudi Arabia, UAE, Egypt and Bahrain break diplomatic ties with Qatar over ‘terrorism’

Is Quatar really supporting terrorism?

Saudi Arabia, the United Arab Emirates, Egypt and Bahrain have broken off diplomatic relations and all land, sea and air contacts with fellow Gulf Arab state Qatar, in the region’s most serious diplomatic crisis in years. Saudi Arabia on Monday said the move was necessary to protect the kingdom from what it described as terrorism and extremism. The kingdom also pulled all Qatari troops from the coalition fighting the ongoing war in Yemen.

The official state news agency, citing an official source, said Saudi Arabia had decided to sever diplomatic and consular relations with Qatar“proceeding from the exercise of its sovereign right guaranteed by international law and the protection of national security from the dangers of terrorism and extremism”.

http://www.theguardian.com…  Mon.,  05  June 2017

Climate change: 30 US mayors negociate directly with UN against Trump

Representatives of American cities, states and companies are preparing to submit a plan to the United Nations pledging to meet the United States’ greenhouse gas emissions targets under the Paris climate accord

Representatives of American cities, states and companies are preparing to submit a plan to the United Nations pledging to meet the United States’ greenhouse gas emissions targets under the Paris climate accord, despite President Trump’s decision to withdraw from the agreement.

The unnamed group — which, so far, includes 30 mayors, three governors, more than 80 university presidents and more than 100 businesses — is negotiating with the United Nations to have its submission accepted alongside contributions to the Paris climate deal by other nations.

http://www.nytimes.com…  Fri.,  02  June 2017

The Pound weakness

It’s ‘time to get bearish’ on the pound again

Deutsche Bank has turned bearish on the pound once again, saying that any possible upside for the currency from next week’s election has already been priced into the market.
Writing on Tuesday, Deutsche Bank strategists Alan Ruskin and George Saravelos used their latest FX Blueprint note to warn investors it is “time to get bearish on GBP again,” after just over one and a half months of a positive outlook on the UK’s currency.

http://www.businessinsider.com…  Wed.,  31  May 2017

Walmart’s online sales are exploding

Walmart Reports 63% Rise in Online Sales

Walmart’s (WMT, -0.23%) massive e-commerce investments are starting to pay off.

The discount chain reported on Thursday that U.S. online sales rose a staggering 63% in the first fiscal quarter of the year, following last year’s overhaul of its online marketplace and a series of acquisitions of e-commerce companies since then, most notably its $3 billion purchase of Jet.com. And more importantly, Walmart said comparable sales rose 1.4% at its U.S. stores, the 11th consecutive quarterly rise, and brought in more shoppers than a year earlier, in stark contrast to the traffic problems at rivals ranging from Target (TGT, +0.37%) to Macy’s (M, +0.34%). Walmart has credited its efforts to integrate its store and digital businesses so that they feed off each other.

http://www.fortune.com…  Mon.,  29  May 2017

Icelandic bitcoin mine

Bitcoin is going nuclear

The digital currency is hitting all-time highs, with a single coin going for more than $2,197. It’s an epic bull run that has accelerated in recent months: Just a year ago, it was sitting at just $443. This is great news for bitcoin miners, the people responsible for creating new bitcoins. Their mining infrastructure is the backbone of bitcoin. Anyone who contributes computing power to help process transactions on the network is rewarded with the chance to “mine” bitcoin.

In plain English, in return for helping keep the network up and running, they have the chance of being given a newly created piece of the digital currency. This payout makes the entire process — with the right equipment — incredibly lucrative. It has helped spawned a huge and surreal industry.

You can mine at home, and many people do. But companies dedicated to mining have also sprung up, some worth tens of millions of dollars. These companies build huge data centres, or mines, that consume vast amounts of power and perform insane computations on the hunt for digital gold.

http://www.businessinsider.com…  Thu.,  25  May 2017

Is UBER a Ponzi scheme?

Magellan’s Hamish Douglass says Uber is a ‘Ponzi scheme’

Uber’s practice of persistently raising capital from private investors is akin to a Ponzi scheme, according to veteran investor and Magellan Financial Group chief executive Hamish Douglass.

In a candid interview at the Stockbrokers and Financial Advisers Conference in Sydney on Wednesday, Mr Douglass lamented the dramatic losses awaiting Uber investors as automated driving technology permeates the market.

http://www.smh.com…  Wed.,  24  May 2017