Renault might lose some of its stake in Nissan October 7, 2015 Renault could be about to lose some of its stake in Nissan, according to the Nikkei business daily. The French and Japanese car manufacturers have been joined in an alliance since 1999, under which Renault owns 43.4 per cent of Nissan and Nissan owns 15 per cent of Renault. Read more: Car manufacturer Renault [...]
Rocketing London house prices push up demand in commuter hubs including Bexley, Watford, Cambridge and Sutton October 7, 2015 The London borough of Bexley was the most in-demand location for house buyers in the UK in the three months to September, research published today by eMoov reveals, yet demand in the rest of the capital stagnated as soaring house prices pushed potential buyers into the commuter belt – a kind of ripple effect. Watford, [...]
Rocketing oil and gas production masks weak underlying trend in industrial production October 7, 2015 A surge in oil and gas output lifted industrial production to a four-year high in August, figures from the Office for National Statistics showed this morning – but economists have warned the underlying trends are still weak. Total industrial production, which is mostly manufacturing but also includes mining, quarrying and utilities, climbed 1.9 per cent on [...]
Volkswagen emissions scandal: Economist warns of potential “sizeable macroeconomic hit” October 7, 2015 The Volkswagen emissions cheating scandal could have a major impact on the German economy, according to new research. The country's car industry accounts for €380bn, or 20 per cent of all business revenues, according to the report from Dario Perkins, chief European economist at Lombard Street Research. German cars also make up almost a third all [...]
Samsung’s share price leaps as it unveils profit boost October 7, 2015 Korean electronics giant and Apple arch-nemesis Samsung said today that it expects sales of 50-52 trillion won (£28.1bn-£29.2bn) in the third quarter of this year. Shareholders reacted with enthusiasm to the trading update, pushing the company's Korean-listed shares up 8.7 per cent. The company added that it expects operating profit for the quarter to be in the [...]
German industrial production suffers steep decline in August October 7, 2015 Industrial production in Germany, the Eurozone’s biggest economy, dropped at its fastest pace for a year in August, according to figures released this morning. Total production, which includes construction, manufacturing and mining, dipped 1.2 per cent in August compared with July, German statistical office Destatis said. The production of capital goods fell 2.1 per cent [...]
London’s economic growth: The capital leads the way as a wealth maker October 6, 2015 London’s economy is outstripping the rest of the country, growing 3.3 per cent year on year, compared with a national average of 2.5 per cent, according to RBS’ regional growth figures out today. London’s economic growth was boosted by its burgeoning professional, scientific and technical services industries. The City and the West End, unsurprisingly, were [...]
Standard Chartered plan for subsidiary bank in India October 6, 2015 Standard Chartered is set to become the first major foreign bank to set up a subsidiary in India. The London-based bank is the only one of India’s three big foreign lenders, which include HSBC and Citigroup, to agree to regulatory changes requesting foreign banks set up subsidiary companies, according to a report in the Financial [...]
Wall St dips on third-quarter earnings jitters – New York Report October 6, 2015 A five-day winning streak came to an end on Wall Street yesterday, as investors focused on upcoming quarterly reports that are expected to reflect a dip in corporate earnings. The Dow Jones industrial average edged up 0.08 per cent to end at 16,790.19 points. The S&P 500 lost 0.36 per cent to 1,979.92 and the [...]
Oil prices edge back above the $50 per barrel mark October 6, 2015 Crude oil prices jumped above the $50 per barrel mark today, after a monthly energy report suggested supplies are set to fall in the UK and global markets. The US Energy Information Administration's short-term energy outlook said that oil demand from China and the emerging markets will grow, while non-OPEC supply stalls. Brent, the global benchmark [...]
