One-in-five UK exporters turn away from EU post-Brexit, says IoD March 11, 2021 One-in-five UK exporters turn away from EU post-Brexit, says IoD
European Central Bank to print money faster as interest rate stays unchanged March 11, 2021 European Central Bank to print more money faster as interest rate stays unchanged
Technology transfer offers a fast route toward rebuilding the COVID-ravaged economies of low-and-middle income countries March 11, 2021 | City Talk Technology transfer is a measure of the way in which countries manage their international flows of capital, goods, services, ideas and people. Borders and tariffs in rich countries often impede the economic and technological exchanges that could otherwise accelerate development and growth in poorer nations. Evidence shows that quickly spreading technology and technological knowledge quickly [...]
BP makes almost $4bn from energy trading as oil demand wanes March 11, 2021 BP’s trading division is said to have made almost $4bn (£2.8bn) last year as the oil major weathered the impact of the pandemic on oil demand. The blue-chip giant’s trading profit was only just short of the record amount of slightly over $4bn it made in 2019, according to internal documents seen by Reuters. Trading [...]
Stamping ‘Made in UK’ on products could boost exports by £3.5bn March 11, 2021 Pride of Britain: Stamping 'Made in UK' on cheese, lamb, booze and cars could boost exports by £3.5bn
Brits ‘to boost UK GDP by £16bn in post-lockdown spending’ as excess savings balloon to £160bn March 10, 2021 Brits to boost UK GDP by £16bn in post-lockdown spending as excess savings balloons to £160bn
London Metal Exchange to take steps to improve electronic pricing during ring closure March 10, 2021 The London Metal Exchange today said it would change its electronic closing price system to make it more efficient while its iconic trading ring remains shut. The bourse said the move was separate to plans to consult on closing the ring as part of moves to modernise its trading system. Plans to improve the market’s [...]
Branson backs New York-listed SPAC aiming to raise $500m March 10, 2021 No stranger to the Spac phenomenon taking equity markets by storm, Richard Branson is backing another New York-listed blank-cheque vehicle. Virgin Group Acquisition Corp III is looking to raise as much as $500m through a public listing, according to a regulatory filing published on Tuesday. Founded by Branson the company will be led by Josh [...]
GameStop shares tumble just as meme stock passes $300 March 10, 2021 Shares in GameStop have tumbled back to $242, after rising to more than $300 per share earlier today, nearing their all-time high. The latest GameStop rally is said to be based on company fundamentals and speculation that small investors will pour their stimulus packages into markets. After a strong few days the stock has dropped [...]
How Asian stock markets shook off the pandemic March 10, 2021 | City Talk It seems ancient history now, but 2020 opened with a high degree of optimism for Asian markets. True, valuations were no more than reasonable given the share price gains of the previous twelve months, but conditions appeared favourable and there was a widespread consensus on a global economic recovery and a strong year ahead for [...]