DEBATE: Should we be worried about a tech bubble? September 2, 2020 Should we be worried about a tech bubble, particularly in emerging markets? Tatjana Puhan, managing director and deputy chief investment officer at TOBAM, says YES. Over recent years, we see a clear trend of investors becoming exposed to higher concentration risk in specific sectors like technology. Having represented already a considerable risk exposure in major [...]
Rio Tinto touts ‘V-shaped’ China recovery as it beats profit expectations July 29, 2020 Rio Tinto said today it saw a sharp V-shaped recovery in China as stimulus spurred industrial activity, helping its first-half profit handily beat market expectations. Rio Tinto is the first of the major iron ore miners to report results from a first half marked by coronavirus-induced disruptions but also by high iron ore prices. “We [...]
UK newspaper the Independent to launch Russian language edition June 17, 2020 British newspaper The Independent is set to launch an online Russian-language edition starting this month, according to Russia’s RBC media portal. Russian media magnate Alexander Lebedev, the financial backer of both the Independent and the Evening Standard, provided no specific date of the launch. Artem Artemov, the editor overseeing the roll out, told RBC that [...]
Bank of England lookahead: Bailey set to ramp up QE but avoid negative rates June 17, 2020 The Bank of England is widely expected to boost its asset purchase programme by at least £100bn tomorrow, as the central bank ramps up quantitative easing to shore up the UK economy. Governor Andrew Bailey is set to bolster UK stimulus at the Bank’s Monetary Policy Committee (MPC) tomorrow, economists predicted. The expansion of quantitative [...]
Bank of England set to reload bond-buying programme with £100bn June 10, 2020 The Bank of England is expected to announce a further £100bn for its bond-buying programme when it meets next week in order to limit the damage to the UK economy by the coronavirus crisis. The central bank has already spent the majority of the record £200bn expansion to its asset purchase programme which it made [...]
Economists rule out ‘V-shaped’ recovery after weak survey data May 21, 2020 Survey data today showed that the UK economy remained mired in a deep downturn in May despite an improvement from a dire April. Many economists have said that any hopes of a swift ‘V-shaped’ recovery from the coronavirus crash have all but faded. At the beginning of the crisis, policymakers and analysts hoped that once [...]
Anglo American production slips amid coronavirus lockdown April 23, 2020 Anglo American’s production volumes fell four per cent in the first quarter as coronavirus precautions limited the mining giant’s output capacity. Output fell across the group’s palladium, iron ore, platinum and diamond mining operations, with particular constraints on its assets in South Africa. Operations in the country, which accounts for roughly half of Anglo’s profits, [...]
City Moves for 17 March — Who’s switching jobs at Docusign DMH Stallard and Moneycorp? March 17, 2020 Docusign Agreement cloud company Docusign has announced the appointment of Rob Giglio as its new chief marketing operator (CMO). Rob previously spent 10 years with Adobe, where he helped architect the growth strategy for Adobe’s self-service cloud business and oversaw significant international expansion in his role as senior vice president of sale. As CMO, Rob [...]
Oil prices and Asian stocks collapse under coronavirus fears March 9, 2020 Oil prices and stocks collapsed today as investors piled into safe havens in a bid to escape the fallout of a fresh spread of coronavirus. Oil prices plunged around 30 per cent after Saudi Arabia signalled its intention to ramp up production. And investors knocked 30-year US bond yields below one per cent as they [...]
Could coronavirus push global stock markets into bear territory? March 1, 2020 After coronavirus fears sent US and UK stocks to their worst week since the 2008 financial crisis, some analysts are raising the prospect that equities could fall into bear market territory – a fall of 20 per cent from recent highs. The US’s S&P 500 index has slumped 13 per cent since it hit a [...]