Economy news

• Chart of the week: America goes shopping

  23-06-2017 10:45
  The banking crisis forced US consumers to deleverage. Between 2008 and 2013 they worked off 12% of their borrowings – having spent the 63 previous years growing them.
  The post Chart of the week: America goes shopping was first published on MoneyWeek.
  
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• Mark Mobius: the best way to benefit from emerging markets

  23-06-2017 10:33
  
  Mark Mobius, executive chairman of Templeton Emerging Markets Group, thinks consumer-facing stocks are emerging markets' best buys.
  The post Mark Mobius: the best way to benefit from emerging markets was first published on MoneyWeek.
  
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• The feud shaking Singapore’s first family

  23-06-2017 10:30
  The family feud engulfing the family of Singapore's prime minister, Lee Hsien Loong, has exploded into the open.
  The post The feud shaking Singapore’s first family was first published on MoneyWeek.
  
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• Britain’s convenience store battle

  23-06-2017 10:27
  Sainsbury’s has bid £130m to buy Nisa, the mutually owned consortium of more than 1,300 independent retailers, which operates 3,000 small shops.
  The post Britain’s convenience store battle was first published on MoneyWeek.
  
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• Amazon gets physical

  23-06-2017 10:20
  
  The online retailer is buying a supermarket chain. The logic isn’t obvious, but the deal will shake the industry. Ben Judge reports.
  The post Amazon gets physical was first published on MoneyWeek.
  
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• Is a rate rise finally on the cards?

  23-06-2017 10:07
  It's high time interest rates were once more on the rise. Is the Bank of England finally coming around, asks Andrew Van Sickle.
  The post Is a rate rise finally on the cards? was first published on MoneyWeek.
  
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• Opec is drowning in shale oil

  23-06-2017 10:02
  Try as it might, says Alice Gråhns, oil cartel Opec just can't seem to mop up the oil glut.
  The post Opec is drowning in shale oil was first published on MoneyWeek.
  
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• Betting on politics: The next election

  23-06-2017 10:00
  The general election was a disaster for the government. Matthew Partridge weighs up the odds on there being another.
  The post Betting on politics: The next election was first published on MoneyWeek.
  
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• “Mr Everything” takes control in Saudi

  23-06-2017 09:55
  King Salman of Saudi Arabia has “ousted” his nephew as crown prince and replaced him with his favourite son, Mohammed bin Salman.
  The post “Mr Everything” takes control in Saudi was first published on MoneyWeek.
  
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• Argentina’s high-risk deadbeat bond

  23-06-2017 09:50
  Economic basket-case and serial defaulter Argentina has issued a 100-year bond. But who on earth would buy it?
  The post Argentina’s high-risk deadbeat bond was first published on MoneyWeek.
  
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• A demoralising defeat for the Democrats

  23-06-2017 09:50
  Had the Democrats won, it would have been a major blow to President Donald Trump and his Republican allies. Emily Hohler reports.
  The post A demoralising defeat for the Democrats was first published on MoneyWeek.
  
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• A hard Brexit with a soft landing?

  23-06-2017 09:45
  The chancellor didn't fail to use his Mansion House speech to air his views on Brexit.
  The post A hard Brexit with a soft landing? was first published on MoneyWeek.
  
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• An act of “social murder”

  23-06-2017 09:40
  The true causes of the Grenfell Tower disaster lie in the way Britain is run. Matthew Partridge reports.
  The post An act of “social murder” was first published on MoneyWeek.
  
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• Daily briefing: EU citizens’ rights, Republican healthcare bill, record-breaking sniper

  23-06-2017 06:51 via Global Economy
  
  Theresa May has outlined plans to guarantee the rights of 3m EU citizens living in Britain after Brexit
  
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• Luxembourg’s asset managers prepare for competition from Asia

  23-06-2017 06:26 via Global Economy
  
  Brexit question marks hang over the world’s second-largest domicile of funds
  
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• Latest US healthcare bill under threat in Senate

  23-06-2017 01:15 via Global Economy
  Fresh doubt over Trump reforms as four Republican senators refuse to back new plan
  
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• Four Republican senators oppose latest healthcare bill

  23-06-2017 01:15 via Global Economy
  Party leaders’ attempt to overhaul Obama reform fails to satisfy critics in their own ranks
  
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• Four Republican senators oppose latest heathcare bill

  22-06-2017 21:18 via Global Economy
  Party leaders’ attempt to overhaul Obama reform fails to satisfy critics in their own ranks
  
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• Exiting MPC member fires salvo at central bank’s decision making

  22-06-2017 20:48 via Global Economy
  Kristin Forbes claims staff are overworked and worry too much about bad press
  
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• The next big emerging-market meltdown

  22-06-2017 17:00
  
  Turkey is heading for default, says Jonathan Compton, and the resulting global domino effect should not be underestimated. Investors should stand clear.
  The post The next big emerging-market meltdown was first published on MoneyWeek.
  
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• Expect more of the same

  22-06-2017 16:59
  
  Britain needs an imaginative government to crack down on spending, says Merryn Somerset Webb. Sadly, we haven't got that.
  The post Expect more of the same was first published on MoneyWeek.
  
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• When the gloves come off: British business prepares for a bare-knuckle fight with the government

  22-06-2017 15:43 via United Kingdom
  Print sectionPrint Rubric: Business squares up for a bare-knuckle fight against too hard a Brexit Print Headline: When the gloves come off Print Fly Title: The government and businessUK Only Article: standard article Issue: India’s prime minister is not as much of a reformer as he seems Fly Title: When the gloves come off Main image: 20170624_BRD001_0.jpgIT HAS been a dispiriting year for many British businesspeople. Most voted
  
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• Rich or rotten?: Kensington and Chelsea: a wealthy but deeply divided borough

  22-06-2017 15:43 via United Kingdom
  Print sectionPrint Rubric: The Grenfell Tower fire has become a stark reminder of the glaring gap between rich and poor, even in the wealthiest parts of London Print Headline: Rich or rotten borough? Print Fly Title: Kensington and ChelseaUK Only Article: standard article Issue: India’s prime minister is not as much of a reformer as he seems Fly Title: Rich or rotten? Main image: Posh porchesPosh porchesWALK after dark past som
  
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• No papers, no peregrination: The challenges of getting a (real) passport in Africa

  22-06-2017 15:43 via United Kingdom
  Print sectionPrint Rubric: Never mind visas, some African countries make it hard to get a passport Print Headline: No papers, no passage Print Fly Title: African travellersUK Only Article: standard article Issue: India’s prime minister is not as much of a reformer as he seems Fly Title: No papers, no peregrinationLocation: NAIROBI Main image: 20170624_map501.jpgAFRICANS who want to travel have long endured gigantic has
  
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• Embers still glowing: The ramifications of the Grenfell Tower fire continue to spread

  22-06-2017 15:43 via United Kingdom
  Print sectionPrint Rubric: Anger grows over a terrible fire and a slow government response Print Headline: Embers still glowing Print Fly Title: After the Grenfell Tower fireUK Only Article: standard article Issue: India’s prime minister is not as much of a reformer as he seems Fly Title: Embers still glowing Main image: 20170624_BRP002_1.jpgFLY over the capital and many tower blocks thrust up from ground below. One stands out
  
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• Divided Britain: The aftershocks of Grenfell Tower and the future of austerity

  22-06-2017 15:43 via United Kingdom
  Print sectionPrint Rubric: A horrific London fire raises more questions for Theresa May’s embattled government Print Headline: The tower and the anger Print Fly Title: Divided BritainUK Only Article: standard article Issue: India’s prime minister is not as much of a reformer as he seems Fly Title: Divided Britain Main image: 20170624_LDP002_0.jpgIT FEELS as if Britain has been visited by a battalion of sorrows. Deadly att
  
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• Death in the city: Tall buildings are becoming more common. They need not be dangerous

  22-06-2017 15:43 via United Kingdom
  Print sectionPrint Rubric: As the planet urbanises, life in tall buildings is becoming more common. It need not be dangerous Print Headline: Death in the city Print Fly Title: Fire safetyUK Only Article: standard article Issue: India’s prime minister is not as much of a reformer as he seems Fly Title: Death in the city Main image: 20170624_IRP001.jpgA LITTLE after midnight on June 14th, London’s fire brigade was called to
  
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• Britain and the European Union: Let the Brussels games begin

  22-06-2017 15:43 via United Kingdom
  Print sectionPrint Rubric: The Brexit negotiations get under way Print Headline: The David and Michel show Print Fly Title: Britain and EuropeUK Only Article: standard article Issue: India’s prime minister is not as much of a reformer as he seems Fly Title: Britain and the European UnionLocation: BRUSSELS Main image: 20170624_brp502.jpgONE referendum, one election and 12 wobbly months later, Britain’s negotiation
  
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• Bagehot: Philip Hammond, the designated adult among the children

  22-06-2017 15:43 via United Kingdom
  Print sectionPrint Rubric: Philip Hammond is the Tory party’s most impressive leader-in-waiting Print Headline: The designated adult Print Fly Title: BagehotUK Only Article: standard article Issue: India’s prime minister is not as much of a reformer as he seems Fly Title: Bagehot Main image: 20170624_BRD000_0.jpgBRITISH politics is dominated by the sound of two ticking clocks. The predictable one reaches zero on March 29t
  
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• Daily briefing: Oil’s bear market deepens, more Uber upheaval, persuading the holiday refuseniks

  22-06-2017 13:16 via Global Economy
  Price slide comes as US shale output is rising and could affect Opec’s ability to balance supplies
  
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• Brexit and monetary policy

  22-06-2017 12:41 via Global Economy
  Leaving the EU makes things even harder for the Bank of England
  
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• China announces probe of banks after corporate buying spree

  22-06-2017 12:19 via Global Economy
  Shares in big groups fall sharply after regulator expresses ‘systemic risk’ concerns
  
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• Oil is back in a bear market – how much longer will it last?

  22-06-2017 11:33
  
  The oil price has fallen to around $45 a barrel. John Stepek examines the reasons behind the oil bear market, and asks how much further prices are likely to fall.
  The post Oil is back in a bear market – how much longer will it last? was first published on MoneyWeek.
  
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• Daily briefing: May ditches manifesto pledges, Uber’s leadership vacuum, why people hate hypocrisy

  22-06-2017 07:04 via Global Economy
  
  Britain’s prime minister braces for two years of parliamentary battles to deliver Brexit in a hung parliament
  
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• What is Donald Trump doing about steel imports?

  22-06-2017 06:05 via Global Economy
  The US president is poised to deliver his first big protectionist action
  
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• Trump steels US for start of global trade war

  22-06-2017 06:05 via Global Economy
  US promises ‘bold’ protectionist action in name of national security
  
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• Poland scales back debt plans after tax crackdown

  22-06-2017 06:04 via Global Economy
  The government will cut its debt issuance after tax reforms generate more revenue than expected
  
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• The Brexit vote and UK markets one year on

  22-06-2017 05:03 via Global Economy
  Markets face fresh political and economic uncertainty 12 months after the country’s vote to leave the EU
  
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• India’s biometric billion ID scheme

  22-06-2017 01:17 via BBC News - Economy
  
  India is enrolling all of its citizens in the world’s largest domestic biometric identification system.
  
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• Energy revolution

  22-06-2017 01:06 via BBC News - Economy
  
  China consumes more electricity than any other country but is also the world's biggest solar energy producer.
  
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• Fruit and veg farmers facing migrant labour shortages

  22-06-2017 01:00 via BBC News - Economy
  
  Growers are already having difficulty recruiting pickers and fear it could get harder post-Brexit.
  
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• Trump trade tsar warns against China ‘market economy’ status

  21-06-2017 23:17 via Global Economy
  Robert Lighthizer says a change in standing of country by WTO would be ‘cataclysmic’
  
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• Alibaba boss Jack Ma arrives in US

  21-06-2017 22:15 via BBC News - Economy
  
  The boss of China's biggest e-commerce company says small firms could soon benefit from globalisation.
  
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• Daily briefing: Uber vacuum; Queen’s Speech; N Korea crony capitalism

  21-06-2017 21:48 via Global Economy
  Travis Kalanick’s exit has left largest private tech group missing its top three execs
  
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• Inevitable Chinese slowdown ‘a myth’

  21-06-2017 21:17 via Global Economy
  Asian countries have continued to grow rapidly at China’s current level of development
  
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• Seb Klier: The Government's Ban On Letting Fees Shows That Private Renters Are Becoming A Force To Be Reckoned With

  21-06-2017 18:34 via UK Economy on Huffingtonpost UK
  
  After years of campaigning, lobbying, and activism, and in a significant win for private renters, this week's Queen's Speech confirmed that the government intends to take forward a ban on letting fees and a cap on tenancy deposits. The announcement is important both in terms of how it will improve renting, but also in what it says about our politics and the changing nature of housing in this country. Read more: UK Politics, UK Housing, UK Economy, Queen's Speech, Generation Rent, Theresa May, Ge
  
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• Fed policymaker rejects criticism of rate rise decision

  21-06-2017 17:26 via Global Economy
  Philadelphia central bank president argues for ‘pause’ during balance sheet reduction
  
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• Haldane expects to vote for rate rise this year

  21-06-2017 16:44 via BBC News - Economy
  
  It may be prudent to raise rates later this year, says the Bank of England's chief economist.
  
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• Queen's Speech: Plan aims to secure space sector

  21-06-2017 16:09 via BBC News - Economy
  
  A government plan to protect the UK's £13.7bn space industry has been laid out in the Queen's Speech.
  
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