FOMC decision: Four things to expect from the Federal Reserve’s June meeting June 10, 2020 Policymakers at the US Federal Reserve are set to publish their first set of economic projections of 2020 later today when the Open Market Committee (FOMC) makes its June decision. The Federal Reserve is widely expected to leave interest rates near zero at its FOMC June decision. But all eyes are on the meeting for [...]
Coronavirus sends US markets into the red January 27, 2020 US stocks markets opened sharply lower this afternoon as investors grew fearful that the coronavirus outbreak – which has killed 81 – will damage the global economy. The S&P 500 was down 1.3 per cent shortly after the bell, while the Dow Jones was 1.2 per cent lower and the tech-heavy Nasdaq had fallen 1.6 [...]
FTSE100 opens lower after bank holiday, as Italian chaos weighs heavy May 29, 2018 The FTSE 100 fell nearly 0.8 per cent in early trading as investors reacted to a turbulent weekend in Italy and Spain following yesterday's British bank holiday. The blue chip index was down 60.84 points, or 0.79 per cent, to 7,669.44 in early trading while the midcap FTSE 250 index also tumbled, down 0.9 per [...]
European markets open flat as cautious traders await Brexit showdown October 22, 2019 European markets opened flat this morning, as traders remained cautious ahead of a crucial three days for Prime Minister Boris Johnson’s Brexit deal. The FTSE 100 is trading down at 0.2 per cent, with Anglo American and Glencore taking the biggest gains while Reckitt Benckiser leads the fallers after posting mixed results. The Dax and [...]
No-deal Brexit fears trigger sell-off of Barclays, Lloyds and RBS shares December 17, 2019 Shares in Barclays, Lloyds and Royal Bank of Scotland (RBS) all slumped in early trading after Boris Johnson brought back the spectre of a no-deal Brexit today. The trio failed to impress in yesterday’s Bank of England stress tests, where analysts warned that a strategy to double a 100-basis point capital buffer designed to protect [...]
Women make up bulk of new non-exec directors for first time November 11, 2019 Women made up the majority of newly appointed non-executive directors to FTSE 150 boards last year for the first time, new analysis of UK boardrooms has shown. Read more: UK women earn £260,000 less than men over working life In the 2018-19 financial year, a record 72 per cent of FTSE 150 boards appointed a [...]
HSBC evacuates over 100 from Canary Wharf HQ after employee contracts coronavirus March 5, 2020 HSBC has evacuated more than 100 staff from one floor of its Canary Wharf headquarters after one of its research analysts contracted coronavirus. City A.M. understands that an analyst in the bank’s research department tested positive for Covid-19 late last night, and informed the bank of his diagnosis this morning. Read more: City of London [...]
What is the coronavirus and how dangerous is it? March 2, 2020 Since it emerged in China at the turn of the New Year, a deadly new strain of coronavirus has spread across the world and claimed hundreds of lives. The number of coronavirus cases globally is nearing 90,000, with fears of a possible pandemic. Read more: 14 Diamond Princess passengers evacuated to US test positive for [...]
Qasem Soleimani: Mourners killed in stampede at general’s funeral January 7, 2020 At least 35 mourners have died in a stampede during the funeral ceremony of Qasem Soleimani, the Iranian military commander killed by the US in Iraq last week, Iranian state TV has reported. The deaths came as thousands of people flooded the streets of Solemaini’s hometown of Kerman in south east Iran for the final [...]
Qasem Soleimani: General’s daughter warns ‘crazy Trump’ of ‘dark day’ January 6, 2020 The daughter of general Qasem Soleimani has warned at his funeral that the US faces a “dark day” in retaliation for his death. Soleimani, who was the head of the Iranian special operations Quds Force, was killed in a US drone strike last Friday as he arrived in Baghdad. Read more: Trump threatens Iraq with [...]