Expat Financial & Investment News Update
Markets have cooled in the wake of events in Egypt and less-than-stellar results from Cisco Systems and Kraft. Robert Harris, of Forth Capital, also comments on Credit Suisse’s challenging times in the face of new banking regulations. He also looks at the U.S. trade deficit.
Expat Financial & Investment News Update
Stock exchanges are businesses unto themselves that can be bought and sold just like shares, as Robert Harris, of Forth Capital, explains to WRS’s Pete Forster. The latest such transaction making waves is the acquisition by the London Stock Exchange of the Toronto bourse, creating the world’s largest single market for the trading of natural resource stocks.
Expat Financial & Investment News Update
Robert Harris, of Forth Capital, says that continuing good corporate results in the US from companies such as McDonald’s are keeping the markets happy, pushing the S&P 500 index to record levels. Harris also talks about how Geneva is challenging London as a centre for commodity trading due to its more attractive tax and regulatory regimes. One of the commodities traded in the Swiss city is wheat, which surged 82% in the past year as a result of lower harvests and higher demand.
Expat Financial & Investment News Update
Yesterday’s strong equity markets were fuelled by mergers and aquisitions activity. One of those deals is to result in the largest oil drilling company after Swiss-based Transocean. In other news, the Indian economy is growing. Robert Harris, of Forth Capital, has the details.
Expat Financial & Investment News Update
Robert Harris, of Forth Capital, talks about what’s up in the week ahead for the markets. Among other developments, the Bank of England is due to make a rate decision amid higher inflation, due to rising food and oil costs. Also, BP is looking to purchase a 30 to 45 percent stake in a gas field from Reliance.