Truly it's rely on global growth
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IMF cuts global growth outlook, cites trade war and weak EuropeDAVOS (REUTERS) - The International Monetary Fund on Monday (Jan 21) cut its world economic growth forecasts for 2019 and 2020, due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilise a slowing global economy.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Europe: Trade war hopes lift shares to early December highs[LONDON] European shares opened higher on Friday and reached their highest level since early December as new-found hope about the Sino-US trade negotiations lifted stock markets from Wall Street to Asia. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: SocGen warning, Huawei frictions weigh on shares[MILAN] A profit warning from Societe Generale and US frictions over Chinese tech giant Huawei weighed on European shares on Thursday, although the worries gradually faded and a rising Wall Street helped indexes pare losses or close a shade higher. Read more at The Business Times.
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Europe: Shares stumble from six-week highs after Chinese GDP data[LONDON] European shares slipped on Monday from six-week highs after China's fourth-quarter growth figures confirmed a slowdown in the world's second-biggest economy with 2018 its weakest year since 1990. Read more at The Business Times.
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Singapore-based medical information firm MIMS expands to US, Europe through tie-upSINGAPORE-BASED medical information company MIMS and a unit of London-listed UDG Healthcare have announced a tie-up to extend each firm's global network, according to a joint statement on Monday. Read more at The Business Times.
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Europe: Stocks, banks gain after Brexit deal defeat while UK shares lag[LONDON] British shares lagged Europe slightly on Wednesday after Prime Minister Theresa May's resounding defeat in a parliamentary vote on her Brexit deal, but in the face of continuing political uncertainty investors focused on results and M&A news. Read more at The Business Times.
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Europe: Shares edge up, helped by China stimulus hopes[LONDON] European shares rose on Tuesday after China signalled more stimulus measures to soften the blow from a tariff war with the United States, although fresh worries over bad loans hit Italian banks and uncertainty dominated ahead of a key Brexit vote. Read more at The Business Times.
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Europe: Shares in reverse after shock China data; luxury stocks fall[LONDON] China's surprisingly weak trade data brought a four-day rally in European shares to a halt on Monday, with luxury goods and technology stocks leading the drop as investors fretted about slowing global growth and weaker-than-expected earnings. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
No-deal Brexit expected to hurt growth in Europe and beyondThe British people will see their economy set back by nearly a decade. In the European Union, the economy will shrink by 1.5 per cent over the next decade. As for global gross domestic product (GDP) growth, already beset by a faltering Chinese economy and a protectionist US government, this will wind back to its slowest pace since 2009.. Read more at straitstimes.com. Indeed EU has to fear nodeal Brexit more than UK. Too arrogant. German style.
Source: The Straits Times - 🏆 8. / 63 Read more »
China courts friends in low places to win in EuropeBERLIN (BLOOMBERG) - When Wolfgang Tiefensee first made his pitch to the world's biggest maker of electric-vehicle batteries, he was told he stood no chance of luring investment to Germany.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »