Tag Archives: No

This Caribbean Bank Wants Chinese Money No One Else Will Touch

The global campaign against money laundering combined with the Panama Papers made the Caribbean islands of sun, sand and offshore banking a near no-go zone for the world’s biggest banks. So the British Virgin Islands has a solution: a bank to service offshore companies, many of them from China, locked out of the global banking system by HSBC Holdings Plc, ... Read More »

There’s no reason for the market to fall apart, expert says

Even if President Donald Trump doesn’t get his agenda enacted, the market can still rise — but what investors should focus on will probably shift, expert David Waddell told CNBC on Monday. “There isn’t any reason for this market to tip into recession, so there’s no reason for it to fall apart,” the CEO of Waddell & Associates said in ... Read More »

Marmite owner Unilever sees no merit in Kraft takeover

Unilever, whose brands include Marmite and PG Tips, has strongly rejected a takeover bid from US giant Kraft Heinz. The UK-based household goods maker said it saw “no merit, either financial or strategic” in Kraft’s offer, worth about $143bn (£115bn). But Kraft, which makes Heinz ketchup, indicated it would continue working on a deal, sending shares in Unilever surging more ... Read More »

ECB’s Villeroy: can’t compare Italy “No” vote to Brexit

Italian voters’ defeat of a referendum on constitutional reforms cannot be compared to Britain’s vote to leave the European Union, European Central Bank policymaker Francois Villeroy de Galhau said on Monday. Policymakers will still look closely at the consequences of Italy’s decision, Villeroy, who is also governor of the Bank of France, said at a seminar in Japan. Villeroy also ... Read More »

Euro skids, shares hit after Italy votes ‘no’ on reform

The euro fell to a 20-month low on Monday and investors fled riskier assets after Italian Prime Minister Matteo Renzi said he would resign following a stinging defeat on constitutional reform that could destabilize the country’s shaky banking system. Renzi’s defeat deals a body blow to a European Union already reeling under anti-establishment anger that led to the shock exit ... Read More »

Samsung Vietnam says no cuts in jobs this year despite Note 7 woes

Samsung Vietnam will maintain its current staff numbers, the firm said on Wednesday, despite the parent company scrapping its flagship Galaxy Note 7 phone following a series of battery fires. Samsung Electronics, which employs around 110,000 people in Vietnam, finally pulled the plug on the new Note 7 phone on Tuesday, less than two months after its launch, dealing a ... Read More »

No rush to raise interest rates, says Fed official

There is no rush to raise interest rates, a Federal Reserve board member has said a week before the US central bank announces its latest decision. Economic weakness “counsels prudence”, said Lael Brainard, a member of the Fed’s Open Market Committee, which decides interest rates. Her comments come after several Fed officials recently suggested a rate rise this month should ... Read More »

Dixons Carphone sales beat forecasts, sees no Brexit impact

Dixons Carphone, Britain’s biggest consumer electricals and mobile phone retailer, beat forecasts on Thursday with a 4 percent rise in quarterly sales and said it had seen no impact from the vote to leave the European Union in June. The company, which trades as Currys, PC World and Carphone Warehouse in the UK and Ireland, Elkjop and El Giganten in ... Read More »

Schaeuble says Germany must stick to no new debt policy after 2017 election

German Finance Minister Wolfgang Schaeuble said on Sunday it was important that Germany sticks to its fiscal policy of taking on no new debt after next year’s federal election as it was necessary to reduce public debt. In July government sources said Germany wanted to stick to plans for a balanced budget over the next four years and reduce its ... Read More »

‘No end in sight’ for global economic misery, warns World Bank

The global growth slowdown has no end in sight as policymakers drag their heels on reforms and a “robot revolution” threatens living standards, the World Bank’s chief economist has warned. Ahead of the International Monetary Fund and World Bank Spring meetings this week, Kaushik Basu said he expected the global economy to expand by just 2.5pc this year. Annual world ... Read More »