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Reuters (November 1)

2018/ 11/ 02 by jd in Global News

Expect some Brexit volatility for the pound. “With less than five months until the marriage is due to end, the two sides have yet to finalise a divorce settlement and if none is made by the end of March,” the current consensus is that “sterling will fall to $1.20.” The same poll of economists predicted “the pound would bounce to $1.35 if a deal is made.”

 

Wired (October 2)

2018/ 10/ 04 by jd in Global News

“The SEC’s ‘punishment’ of Elon Musk is exactly what Tesla needed.” Though these results were probably unintentional, the settlement will “shore up Tesla’s leadership structure, save Musk from himself, and put both the company and its leader on firmer footing.”

 

The Guardian (March 19)

2018/ 03/ 21 by jd in Global News

“As the disastrous impact of leaving the EU becomes clearer, UK citizens should be allowed another say.” Some forecasts estimate that it will take “at least 20 years before the UK economy stabilises after Brexit.” And the London School of Economics “found that all EU countries will lose income after Brexit. The overall GDP fall in the UK is estimated at between £26bn and £55bn, depending on the negotiated settlement. In the most pessimistic scenario, the cost of Brexit could be as high as £6,400 for each household.”

 

The Economist (May 14)

2016/ 05/ 15 by jd in Global News

The mess that has followed the once hopeful Arab spring, “is not so much a clash of civilisations as a war within Arab civilisation. Outsiders cannot fix it—though their actions could help make things a bit better, or a lot worse. First and foremost, a settlement must come from Arabs themselves.”

 

Euromoney (October Issue)

2013/ 10/ 19 by jd in Global News

“Today, Luxembourg’s streets are filling with Chinese bankers. They see the Grand Duchy as a hub for their European operations—not least for trading and settlement of the renminbi. Are London, Frankfurt and Paris in danger of being left behind?”

 

Wall Street Journal (June 2)

2011/ 06/ 05 by jd in Global News

The yuan is quietly becoming a global currency. 7% or $55 billion of China’s first quarter trade was conducted in yuan. Yuan deposits in the Hong Kong banking system rose to 511 billion ($79 billion) on April 30. As restrictions loosen, a global yuan looks more likely and this will spell change. “A yuan that’s more widely used in international trade and investment could eventually challenge the dollar’s supremacy, correct some of the imbalances that plague the Chinese and global economy, and force a profligate U.S. to live within its means.”

 

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