London outrun by Bermuda on catastrophe bonds
Ambitions to turn London into a hub for the $70bn insurance-linked security market, one of its fastest growing sectors, face being scuppered by a slow moving regulatory approach. The government wants...
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Asia bourses edge up with all eyes on Fed decision
Wednesday 06:00 GMT Overview Stock markets across Asia were creeping higher ahead of the Federal Reserve’s policy decision, encouraged by another set of record highs for Wall Street. European bourses...
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Europe stocks soft as focus turns to Fed decision
Wednesday 08:00 GMT Overview Stock markets are mixed, underpinned by another record for Wall Street, but with oil prices softer and investors cautious ahead of the Federal Reserve’s policy decision...
View ArticleChina warns of anti-monopoly penalty on US carmaker
China is threatening to fine a US automaker for monopolistic behaviour, in what some analysts are calling a warning by Beijing in response to heightened tension with the incoming US administration of...
View ArticleLifetime Isa exit fee scrapped in 2017/18
Savers using the new Lifetime Isa will not have to pay the controversial exit penalty if they decide to cash in during the first 12 months after its launch. The Lisa gives savers a 25pc bonus on...
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Lenders plan not to renew deals with Nigeria central bank
Several banks will not renew agreements worth billions of dollars with Nigeria’s central bank, highlighting the erosion of confidence in the monetary authority, bankers say. The move, which relates to...
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Betting on German Bunds
Why would any sensible investor choose to buy European government bonds almost guaranteed to lose money? It is a question that has become more pronounced as yields on many types of debt have risen...
View ArticleExxonMobil names former refining head as new chief
ExxonMobil has appointed Darren Woods, former head of its refining and transport operations, as its new chief executive, following the retirement of Rex Tillerson who has been chosen by Donald Trump...
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Traders puzzle over bets on oil benchmarks
Big bets on the convergence of two leading crude benchmarks this week have left oil traders scrambling to decipher its meaning, breathing life into an otherwise tiny corner of energy derivatives...
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Asia markets fall back after Fed raises rates
Thursday 02.15 GMT Overview Stock markets across Asia edged down in the wake of the Federal Reserve’s decision to raise interest rates, while the stronger US dollar weighed on the Japanese yen. Hot...
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China economy robust in November despite housing wobbles
Official data releases have confirmed the findings of our suite of proprietary data showing that economic activity remained solid in November despite the central government’s high-profile war on...
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Nine in ten IFAs outsource investment work
Most financial advisers outsource clients’ investment portfolios to discretionary wealth managers, which helps them avoid regulatory risk but raises the cost of investing for consumers. In a survey...
View ArticleShell’s veteran CFO to step down in March
Simon Henry, the chief financial officer who oversaw Royal Dutch Shell’s £35bn takeover of BG Group, is to step down after seven years in the job. He will be succeeded from March by Jessica Uhl, who...
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Yellen’s Fed sends wake-up call to bond market
“If they’ve managed to sleep through the night, bonds traders in the US will have quite a shock when they check their screens in the morning,” Mohamed El-Erian, chief economic adviser at Allianz,...
View ArticleWorld Bank turns to capital markets to boost aid
The World Bank will turn to capital markets to raise more than $20bn to fund an increase in grants and loans to the world’s poorest countries in a major shake-up of its funding model designed to...
View ArticleLibya and Nigeria oil sales to test output deal
The resilience of a deal among global producers to cut oil production and ease a worldwide surplus is already being tested as Libya and Nigeria prepare to sell hundreds of thousands of barrels on to...
View ArticleCentral bank injection soothes China credit squeeze
Chinese government bond yields retreated slightly after the central bank eased a credit squeeze that has been exacerbated by the US Federal Reserve’s rate increase. On Friday morning the People’s Bank...
View ArticlePPF eyes new plan for troubled pension schemes
The Pension Protection Fund is considering a significant change to its rules which could help Tata Steel’s plan to sever its £15bn pension fund. On Thursday, the PPF, which protects the pensions of...
View ArticleMexico central bank’s currency battle divides opinion
Hammered to historic lows after Donald Trump’s presidential victory, Mexico’s peso earned a breather on Thursday after the Bank of Mexico responded to growing global risks by delivering its fifth 50...
View ArticleRussia and Japan agree economic deal on disputed islands
December 16, 2016 by: Robin Harding in Tokyo and Kathrin Hille in Moscow Russia and Japan have agreed to negotiate a “special system” for joint economic activity on the disputed Kuril Islands after a...
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