By: Merryn Somerset Webb 23/05/2019 After all, that’s where populations are growing; where the West’s manufacturing is migrating too; and where new middle classes are emerging. Right? Maybe. Or maybe not. The latest Barclays Equity Gilt Study suggests something rather different. Population growth is not much higher in emerging markets than in developed ones, for example, so the idea that demographics can drive growth in the latter but not the former holds no water. More importantly, however, technological progress is in the process of flipping from “supporting faster emerging-market growth through globalisation to undermining it”. Until recently it made sense to shift your manufacturing abroad: you could take advantage of cheap labour costs, but use technology to manage the complicated supply chains and logistical challenges that came with doing so.But if you are looking at things afresh today, it doesn’t make so much sense. Automation … [Read more...] about Should you invest in emerging markets right now?
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By Lindsey Bell Published April 24, 2019 Opinion FOXBusiness Facebook Twitter Comments Print video 70% of Wall Street insiders say Trump will be re-elected: Poll Global Trends President Tom Lydon and Brian Brenberg, associate professor at The King’s College, on a new poll which shows that 70 percent of Wall Street insiders believe that President Trump will be re-elected in 2020. Lydon and Brenberg also react to another poll which shows that former Vice President Joe Biden would be Wall Street’s favorite Democratic candidate. The latest Fox News Poll put immigration atop the list of issues in the eyes of voters. And the economy came in second. Continue Reading Below We scratched our heads when we saw this; being data geeks, we decided to look for answers in the numbers. Economy checkup Last week, retail sales came in much better than expected. While many believed that that “sugar high” … [Read more...] about It’s not the economy right now for voters: Here’s why
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | Germany’s Troubled Banking Giants Decide Against a Merger Advertisement Supported by ByJack Ewing April 25, 2019 FRANKFURT — Deutsche Bank and Commerzbank abruptly called off their merger talks Thursday, saying they concluded that the perils of trying to forge a megabank with international clout outweighed the potential benefits. But while Germany’s two largest banks answered one question that had preoccupied the country in recent weeks, they raised another: What next? The status quo is not an option for either Frankfurt bank. Both suffer from urgent problems that include meager profitability, excessive labor costs and a shift to online banking that they have been slower to embrace than their competitors. Europe has too many banks for too few customers, and marginally profitable … [Read more...] about Germany’s Troubled Banking Giants Decide Against a Merger
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: What Bank C.E.O.s Said to Congress Advertisement DealBook Supported by April 11, 2019 Good Thursday morning. (Was this email forwarded to you? Sign up here .) Bank chiefs talk regulation, Russia and recession The C.E.O.s of seven huge American banks testified on Capitol Hill yesterday — the first time since 2009 that top Wall Street C.E.O.s have appeared en masse before Congress. Here’s how they responded to a grilling by House Democrats on a variety of issues. Banking rules: The C.E.O.s argued that the financial system is much safer today than it was a decade ago, despite recent easing of regulations. Russia: Brian Moynihan of Bank of America, James Gorman of Morgan Stanley and Mike Corbat of Citigroup all said they had reviewed their account holders for potential Russian … [Read more...] about DealBook Briefing: What Bank C.E.O.s Said to Congress
Tom Porter, provided by Published 7:51 am CDT, Wednesday, March 13, 2019 Alex Brandon/AP Images Rep. Alexandria Ocasio-Cortez grilled Wells Fargo CEO Tim Sloan in a tense exchange at the US House Financial Services Committee meeting on Tuesday. "Why was the bank involved in the caging of children and financing the caging of children to begin with?" the freshman representative from New York asked the banking chief. She went on to demand that the company help foot the bill for environmental damage caused by energy companies the bank lends to. Ocasio-Cortez has pledged to use her membership of the panel to raise questions about the financial sector's connection to broader social ills. The US House Financial Services Committee used to be seen as a cozy spot for lawmakers seeking big donations checks from financial giants, but things have changed with the appointment of several new Democrats to the panel. Among them is Rep. Alexandria Ocasio-Cortez of New York — who … [Read more...] about Alexandria Ocasio-Cortez’s tense exchange with a Wall Street CEO is a glimpse of a plan to redefine how banks operate