- By Christine Murray and Olivia Oran MEXICO CITY/NEW YORK (Reuters) - Martin Werner, co-head of Goldman Sachs' investment banking business in Latin America, will depart the Wall Street bank at the end of this year, according to a person familiar with the situation. Werner, who also runs Goldman's investment banking business in Mexico, told the Mexico office last week he was retiring after 16 years at the bank. A spokesman for Goldman Sachs in New York declined to comment.
- Grab some popcorn — AT&T wants to take you to the movies. At least that's the word on Wall Street after several reports citing unnamed sources said the giant phone company is in advanced talks to buy Time ...
- (Reuters) - AT&T Inc reached a deal to buy media company Time Warner Inc for more than $80 billion (65 billion pounds), The Wall Street Journal reported on Saturday.
- Big companies are pouring billions into tech funds. It would be better to pay that out as dividends and let shareholders invest it how they want, says Matthew Lynn.
The post Too much money is pouring into tech funds was first published on MoneyWeek.
- Wales must "rebuild and renew" after the UK voted to leave the European Union, Plaid Cymru leader Leanne Wood tells her party's conference.
- The U.S. economy is "well-positioned" for a rate increase, a central bank policymaker said on Friday, adding that he personally wanted the Federal Reserve to have raised rates last month. "This year would be good" for a U.S. interest-rate increase, San Francisco Federal Reserve Bank President John Williams told reporters after a speech at the Federal Home Loan Bank of San Francisco member conference.
- San Francisco Federal Reserve Bank President John Williams on Friday redoubled his call for gradual rate hikes "sooner than later," saying that waiting too long to do so could end up forcing sharp rate hikes that could choke economic growth. With the U.S. economy "essentially at" full employment and inflation "pretty darn close" to the Fed's 2-percent inflation goal, "it makes sense to get back to a pace of gradual rate increases, preferably sooner rather than later," Williams said in remarks pr
- Remittances could prove to be a vast resource for Nigerian businesses and government-funded projects.
- Parents spend hundreds, or maybe thousands, of pounds on goods for their new born children. What is on the market, and is it worth it?
- By Alwyn Scott NEW YORK (Reuters) - General Electric Co can build its 3D printing capability without buying Germany's SLM Solutions and does not need to increase its takeover offer in light of opposition from a major shareholder, GE Chief Financial Officer Jeff Bornstein said on Friday. GE refused on Friday to extend or change its 38-euro-a-share offer for SLM after activist investor Elliott Advisors, which owns 20 percent of SLM, said it would reject GE's offer. "We have options and alternative
- Opposition cries foul as officials suspend attempt to remove unpopular leader
- By Dion Rabouin NEW YORK (Reuters) - The dollar rose to its highest since Feb. 3 against a basket of currencies on Friday as investors increased bets on higher U.S. interest rates, while a measure of world stocks looked set for its first weekly gain in four weeks despite some soft U.S. corporate results. On Wall Street, energy and healthcare stocks weighed on the S&P 500 and Dow, but Microsoft at all-time highs kept the Nasdaq in positive territory. "If companies cannot beat estimates in thi
- Escaping a downgrade is vital in building international confidence in the government’s economic programme
- Downgrade would have hit international confidence in Lisbon’s economic programme
- A planned trade deal between the EU and Canada is on the brink of collapse after talks between Canada and a Belgian region broke down on Friday.
- via United KingdomPrint sectionUK Only Article: standard articleFly Title: The week ahead Byline: economist.comMain image: 20161022_mma906_107.jpg
Rubric: Host Josie Delap investigates whether Britain's vote to leave the EU will give Scottish Nationalist Party leader Nicola Sturgeon enough momentum to take Scotland out of the United Kingdom. Also: resurgent racism in South Africa and the battle to liberate MosulPublished: 20161021Source:&am
- VIENNA (Reuters) - European Central Bank policymakers are likely to decide at their meeting in December how to proceed with their quantitative easing policy, ECB Governing Council member Ewald Nowotny said on Friday. "The most important issue is economic development in relation to the inflation outlook on the one hand and of course to the outlook for the real economy as well," he told reporters on the sidelines of an investor conference. Asked if a decision would be taken in December, he said: "
- Government is trying to cap spending as deficit reaches 10% of GDP
- (Reuters) - AT&T Inc is in advanced talks to acquire media conglomerate Time Warner Inc, and a deal could come as early as this weekend, the Wall Street Journal reported. The talks around the cash-and-stock deal have come together quickly, the Journal reported on Friday, citing people familiar with the matter. AT&T was down 2 percent at $37.87.
- By Dion Rabouin NEW YORK (Reuters) - The dollar rose to its highest since February against a basket of currencies on Friday as investors weighed the likelihood of higher U.S. interest rates, while a measure of world stocks dipped but looked set for its first weekly gain in four weeks. The euro hit a seven-month low against the dollar after the European Central Bank left its ultra-loose policy unchanged on Thursday but kept the door open to more stimulus in December. The dollar also was bolstered
- By Jonathan Cable LONDON (Reuters) - Third-quarter growth figures from the United States and Britain will be scrutinised by financial markets in the week, and a business survey will provide the first evidence on how the euro zone has fared going into the fourth quarter. Disappointing growth in the world's largest economy might make it less likely the U.S. Federal Reserve will raise interest rates in December. Markets now put the chances the Fed will act at about 70 percent [ECILT/US].
- Sterling slipped to a four-day low under $1.22 on Friday, hurt by expectations that Britain's economy is likely to suffer from a hardline stance by the European Union in negotiations on the country's exit from the bloc. British Prime Minister Theresa May, who is in Brussels to attend her first EU summit since Britain's vote to leave the bloc in June, tried to reassure EU leaders over Brexit but was told by French President Francois Hollande to prepare for tough talks. Sterling had been trading j
- Euro zone consumer confidence rose as expected to -8.0 points in October from -8.2 in September, the Commission said in its flash estimate on Friday. The index was forecast to rise to -8.0, with 35 economist estimates ranging from -8.6 to -7.0 In the wider European Union of 28 countries, confidence dropped by 0.1 points to -6.5 points, the Commission said in a statement.
- The case against Guy Wildenstein, head of the famous French family of art collectors, entered the final stretch in Paris this week.
The post Hiding art from the taxman was first published on MoneyWeek.
- From a former mill house in Dunbar, East Lothian, to a top-floor apartment in a mansion block close to London’s Bishops Park.
The post Properties for £800,000 on the market was first published on MoneyWeek.
- The international art market has been in the doldrums. Could it be about to pick up, asks Chris Carter.
The post What the art market tells us about stocks was first published on MoneyWeek.
- Aeon is a measured wine with equal parts brutish warrior and debonair charmer.
The post A debonair charmer of a wine was first published on MoneyWeek.
- Bodyguard Mark Billingham isn't fazed by celebrity.
The post Bodyguard to the stars was first published on MoneyWeek.
- Put yourself in the big, quilted leather seats of the Audi S8 Plus, and unwind with the built-in massage feature.
The post Audi S8 Plus: the best of the big barges was first published on MoneyWeek.
- The pound hit a two-week high against the euro on Friday (21 October), before edging lower amid rising expectations that European Union policymakers could adopt a hard stance over Britain's negotiations to leave the 28-country bloc. French President Francois Hollande told Prime Minister Theresa May, who was in Brussels attending the first EU summit since the June referendum, to prepare for tough negotiations. The prospect of EU members adopting a hard line over Britain's exit process could deal
- Thailand faces an uncertain future with Crown Prince Maha Vajiralongkorn heading for the throne.
The post Maha Vajiralongkorn: ruthless playboy takes the Thai throne was first published on MoneyWeek.
- Walter Schloss focused on companies that were selling below what he considered to be the value of their net assets.
The post Walter Schloss: the world’s greatest investors was first published on MoneyWeek.
- Chris Carter looks at three of the more unusual places to take your annual skiing holiday this year.
The post Skiing off the beaten track was first published on MoneyWeek.
- OAK BROOK, Ill. (AP) — McDonald's says sales rose 1.3 percent at established U.S. locations in the third quarter, matching what Wall Street analysts expected.
- Boring can be better when it comes to stock picking. Professional investor Nitin Bajaj tips three such stocks to buy now.
The post Reassuringly boring stocks to tuck away was first published on MoneyWeek.
- Blue Prism provides software-based “virtual workforces” to companies. Its share price has risen by more than 160% since listing.
The post If only you’d invested in: Blue Prism and Entu was first published on MoneyWeek.
- Duterte promises ‘separation’ from US, as countries sign $13.5bn in trade deals
- Leaving behind their chocolate empire was never an option for Hotel Chocolat founders Angus Thirlwell and Peter Harris.The post Money makers: An empire built on chocolate was first published on MoneyWeek.
- Downgrade by DBRS would cut Lisbon off from ECB’s government bond-buying programme
- International Property Securities Exchange will enable owners of individual commercial properties to float their buildings on a regulated market.
The post How to buy a share ofyour office was first published on MoneyWeek.
- Single market membership in its own right would be the best of all post-Brexit worlds
- LONDON (Reuters) - Burberry shares rose nearly 5 percent in solid volumes after financial blog Betaville said, citing sources, that rival U.S. luxury goods company Coach was working with investment bank Evercore on a potential merger with Burberry. A Burberry spokesman said the company would not comment on market rumours and speculation. Burberry shares were up 4.5 percent by 1105 GMT, and were the best-performers on Britain's FTSE 100 blue-chip index , which was up 0.4 percent. (Reporting by Vi
- Colm O'Regan looks at the challenges ahead for Ireland after the UK voted to leave the EU in June 2016.
- Sarah Moore looks at what you need to consider when buying a ski chalet.
The post Should you buy a ski chalet? was first published on MoneyWeek.
- Offer of $47bn to buy control of rival US company Reynolds American
- via United KingdomONE can read too much into the Liberal Democrats’ storming performance at yesterday’s by-election in Witney, the well-heeled Oxfordshire seat vacated by David Cameron’s resignation from the House of Commons. In interviews this morning a visibly ecstatic Tim Farron hailed the result—a rise in his party’s vote-share from 6.7% to 30.2%—as proof that his lot are “back in the political big time”. “We are the comeback kids!” he gushed.&nb
- Government borrowing rose to a higher-than-expected £10.6bn in September, according to official figures.
- By Alistair Smout LONDON (Reuters) - Global stocks were set for their first weekly gain in four weeks on Friday and the dollar rose to its highest since March, as the euro came under pressure after the European Central Bank shot down talk of tapering its easy money stance. The euro hit its lowest against the dollar since March after the ECB left its ultra-loose policy unchanged on Thursday but kept the door open to more stimulus in December. ECB President Mario Draghi also doused recent market s
- Hundreds of thousands of public-sector workers have a five-year window to make additional national insurance contributions.The post How public-sector workers can boost their pensions was first published on MoneyWeek.
- For anyone born after 1961, all bets are now off when it comes to state pensions, says David Prosser.
The post Expect the state to keep you working longer was first published on MoneyWeek.
Follow @Economy_UKnws on Twitter!