An EU exit would harm London
An EU exit would harm London as a major financial center which currently rivals New York. Two reports commissioned by TheCityUK, a lobby group...
Alstom takeover, French government slams brakes
A possible Alstom takeover by either America’s General Electric or Germany’s Siemens was confirmed on Sunday by Arnaud Montebourg, France’s Economy Minister. He emphasized...
UK March retail sales increased 4.2%
UK March retail sales increased 4.2% compared to March 2013 and by 0.1% versus February 2014, according to figures published by the Office for...
Manufacturing cost competitiveness, US and Mexico rising stars
Mexico and the US are the rising stars in global manufacturing cost competitiveness, according to research by The Boston Consulting Group (BCG). The overall...
Novartis reported earnings increase of 24% in Q1 2014
Novartis reported earnings increase of 24% for the first quarter of 2014, slightly below what analysts had forecast.
Switzerland’s largest pharmaceutical company said its net...
Eurozone fiscal consolidation immense, but challenges persist, Fitch
The Eurozone fiscal consolidation that occurred in 2013 was immense, says a new report by Fitch Ratings. It also adds that despite major achievements...
Ford profits fell 39% in Q1 2014
Ford profits fell 39% in the first quarter of 2014 after particularly weak sales in North America and increasing losses in South America. The...
AstraZeneca executive pay protest by shareholders
An AstraZeneca executive pay protest by shareholders with 38.54% of votes cast at the AGM (annual general meeting) was registered on Thursday. The unfavorable...
Global economic forecast sees accelerated growth through 2016
BNY Mellon’s global economic forecast predicts faster growth this year, in 2015 and 2016.
The author of the most recent Economic Update, Richard Hoey, BNY...
Russian credit rating downgrade to just above ‘junk’ status
The annexation of Crimea and the tensions in Ukraine have resulted in a Russian credit rating downgrade from BBB to BBB-, which is just...