finance

US adds more jobs than expected

The number of non-farm jobs added in February in the US  was 235,000, smashing expectations of a 190,000 increase. The figure for January was also revised up to 238,000 from 227,000. The US jobless rate fell to 4.7 percent from 4.8 percent, as expected. Analysts have said that the better than expected jobs figures will […]

After Brexit and Trump, what next?

In the post-9/11, post-GFC world, and amidst the current populist and anti- establishment climate, it has become a necessity for investors to take a more pragmatic approach to global investing, according to Iain Stewart-Linnhe, a distinguished speaker at the Monaco Wealth Forum on March 15. With cross-border enforcement now a clear and present danger , […]

UK budget business unfriendly

Britain’s finance minster, Chancellor of the Excehquer Philip Hammond, has announced a number of changes in the Spring Statement on March 8 that will have a significant impact on investors. In once example, the tax-free dividend allowance will fall from £5,000 to £2,000 a year from April 2018, with Mr Hammond arguing that the greatest beneficiaries of […]

The power of compounding

With a sound investment strategy, compounding has enabled Warren Buffett, who is 84, to accrue more than 98% of his wealth since his 56th birthday. Over the weekend, the famed value investor and the second richest man on the planet released his annual letter to Berkshire Hathaway shareholders. As is customary, the first page displayed […]

Soros backed Goldman Sachs, B of A

Soros Fund Management, the firm that invests the personal fortune of billionaire investor and philanthropist George Soros, took a handful of new positions in financial stocks during the fourth quarter as the sector was buoyed by Donald Trump’s presidential victory. The New York-based firm disclosed a $14.9m position in Goldman Sachs and made a new bet […]

City’s future increasingly bleak

Brexit could result in London losing its status as the financial “gateway to Europe”, according to one of Germany’s most influential banking regulators. Dr Andreas Dombret, who sits on the board of the Bundesbank, said that any deal struck between the UK and the European Union following Brexit would be “miles away from access to […]

M&A boom in January

The total value of mergers and takeovers in Europe, the Middle East and Africa surged last month, making it the busiest January for deals in the region in over a decade, according to data from Thomson Reuters. Deals completed last month in the region had a total value of $90.8 billion, according to the company, […]

Fed holds fire on rates

The US Federal Reserve has signalled that it remains on track to raise interest rates this year as policymakers said consumer and business confidence had climbed in the wake of Donald Trump’s US election victory. While policymakers voted unanimously to keep interest rates at a target range of between 0.5 percent and 0.75 percent, officials […]

Paris vies with Frankfurt

Up to 20,000 workers could be lured to Paris from Britain’s finance industry as a result of the UK’s withdrawal from the European Union, the French capital’s lobby group has said. Europlace believes the exodus could start within weeks as Paris vies with rival cities such as Frankfurt to attract the UK’s top banking talent. […]

Spain targets post-Brexit business

Spain is unleashing a range of new measures to make it easy for businesses to relocate from London to Madrid in a bid to take business away from Britain post-Brexit, says the country’s financial regulator. The measures include allowing companies to submit all their documents in English, fast-track authorisation for financial companies looking to relocate, […]