The data which will move the markets today

09:00 Germany – GFK Consumer Confidence 09:45 France – Business Confidence 11:00 Europe – ECB Economic Bulletin 11:30 UK – Retail Sales 11:30 UK – Retail Sales Less Autos 13:00 UK – CBI Realized Sales 14:30 USA – Initial Jobless Claims 14:45 USA – Fed Chair Yellen Speaks 16:00 USA – New Home Sales 17:00 […]

ECB to make it easier for UK banks to move to EU post-Brexit

The European Central Bank (ECB) has said London banks will be able to take advantage of a generous transition period after Brexit – provided they move a big chunk of operations within the EU’s borders. Sabine Lautenschlaeger, an influential member of the governing council of the ECB, said the banking supervisor “will not accept empty […]

Attack in front of Parliament of England

Reports clarifying the incident say that one attacker was shot after attacking a policeman on Parliament grounds. The attacker is supposed to have driven on the pavement across Westminster bridge injuring several people before crashing into a gated section of Parliament. After attacking a policeman with a knife he was subsequently shot. Westminster tube station […]

Wilbur Ross — a long-time friend of President Trump and now U.S. Commerce Secretary — is one of Wall Street’s leading experts in distressed investing

Ross made his first investment in the London-based shipping company Navigator Holdings Inc. in November 2011, after bringing the company out of bankruptcy. He became the majority shareholder in May 2012. Today, WL Ross & Co. owns 39.4% of Navigator” shares. Technologies had unleashed an energy revolution across the globe. Production of LNG (liquid natural […]

Trump tax cut doubts hit stocks, lifts yen vs. dollar

Growing doubts U.S. President Donald Trump will be able to deliver on a promise of tax cuts that has powered stocks markets to record highs pushed shares lower on Wednesday and drove investors to seek safety in gold and the yen. The dollar touched a four-month low against the Japanese currency, whose strength helped push […]

Pacific Investment Management Co Boosts Outlook for Global Growth

The world economy is looking stronger than it did three months ago, prompting Pacific Investment Management Co. to boost its forecast for global growth and predict that central banks are moving closer to the end of the era of extremely low interest rates. Pimco,  said the world economy will expand 2.75 percent to 3.25 percent […]

Forex trader of Societe Generale fired after manipulation of currency deals

A currency trader at Societe Generale SA fired amid an internal investigation into the global foreign- exchange manipulation lost his wrongful dismissal lawsuit after the bank accused him of cheating a client. The Paris employment tribunal ruled Tuesday that Societe Generale owes Ilan Botbol no compensation. Judge Thierry Delmotte said the court had dismissed all […]