Posts From Charlie Harrison
Charlie Harrison
Sovereign Investors To Focus On Safe Haven Markets
Sovereign investors are moving away from the United Kingdom (UK) as an investment destination post Brexit, preferring to invest in countries like Germany and India, indicating their desire to be present in safe haven markets. This was revealed in the
Read MorePoor NFP, trade balance data turns the Greenback weak
In mid-May, the Brazilian Rial plunged against the Greenback when a local newspaper reported that President Michel Temer asked Joesley Batista, chairman of the meatpacking giant JBS SA, to continue paying former legislator Eduardo Cunha, who is currently serving a
Read MoreArun Jaitley Rejects Demonetization As Reason For GDP Decline
India’s Finance Minister Arun Jaitley has dismissed criticism that demonetization has negatively impacted India’s gross domestic product (GDP) and that the government were responsible for just promoting jobless growth in the last 3 years. Speaking at a press conference held
Read MoreEuro signals downtrend on weak German CPI data
The victory of Emmanuel Macron in the French election and rising inflationary pressure coupled with positive industrial data from Europe enabled the Euro to rise against the Aussie during April and May. The Aussie was also pulled down by the
Read MoreTesla confirms brisk orders for solar tiles
In the first week of May, electric car manufacturer Tesla Inc. (NASDAQ: TSLA) reported fiscal 2017 first-quarter revenues that more than doubled compared to last year’s similar quarter. The revenues also surpassed the Wall Street’s Consensus estimates. However, the company
Read MoreDeloitte Says India Has Second Most Complicated Tax System After China
The Indian tax system has been rated as the most complicated in Asia-Pacific region in a survey conducted by consultancy firm Deloitte. The Asia Pacific Tax Complexity Survey carried out by Deloitte ranked China in first place and India in
Read MorePoor construction data turns Aussie weak
Last week, Statistics Canada announced a lower than anticipated inflation in April and a decline in retail sales in March. The poor m-o-m figures kept the Canadian dollar weak in spite of an oil rally. The Aussie, on the contrary,
Read MoreEuro Trading To Cost Investors Extra €100bn If Moved From London
Xavier Rolet, CEO of London Stock Exchange has warned that moving out the euro clearing business from London post Brexit could result in investors having to bear extra costs of nearly €100 billion over the next five years. Writing for
Read MoreCisco turns weak on poor Q4 2017 outlook
Last Wednesday, the San Jose, California-based Cisco Systems Inc. (NASDAQ: CSCO) reported higher than expected fiscal 2017 third-quarter revenue and earnings. However, the company presented gloomy Q4 revenue and earnings estimate. That pushed the stock down by about 5% to
Read MoreChina-Hong Kong Open Bond Market To Overseas Investors
Hong Kong and Chinese regulators recently gave their approval for overseas investors to invest into China's massive bond market which is valued at $9 trillion. This long anticipated move will provide investors further access to China’s economy, which is a
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