Archive for the ‘Finance’ Category

Saudi Arabia and Russia stuck in unlikely alliance to rescue oil price

Friday, May 26th, 2017

This week saw the two countries strengthen an alliance that was initially meant as a temporary move

Stock markets caught between oil drop and Wall St record

Friday, May 26th, 2017

UK election polls hit pound while firmer yen and gold point to underlying caution

Regulator urges China banks to save ailing companies

Friday, May 26th, 2017

Provincial official admits practice that is widely suspected but rarely confirmed

Stock markets caught between oil drop and S&P 500 rally

Friday, May 26th, 2017

Sharp retreat in crude takes gleam off fresh record for Wall Street

Asia markets caught between oil drop and S&P 500 rally

Friday, May 26th, 2017

Sharp drop in overnight oil prices takes gleam off fresh record for US stocks

A changing oil market threatens Saudi reform

Thursday, May 25th, 2017

The desert kingdom needs rapid change but it needs stability too

US crude set for worst day in three weeks despite Opec deal

Thursday, May 25th, 2017

Acacia Mining: deconstructive policy

Thursday, May 25th, 2017

Tanzania president’s strategy pummels shares in gold miner

Among private tech firms, Airbnb has pursued a distinct strategy

Thursday, May 25th, 2017

UNTIL recently “Uber envy” afflicted many top executives at Airbnb, a platform for booking overnight stays in other people’s homes. So admits a big investor in the firm. The two companies often raised money at the same time, and the ride-hailing giant reliably received more cash and closer attention. Uber is America’s most valuable private technology firm, with a valuation of close to $70bn at last count; Airbnb is still in second place with a value of around $30bn. But with Uber facing a series of setbacks, including allegations of intellectual-property theft, departures by senior executives and a consumer boycott, jealousy in Airbnb’s hallways has largely evaporated.

<img src="http://cdn.static-economist.com/sites/default/files/images/print-edition/20170527_WBC791.png" alt="" title=""…Continue reading

An abrupt change at the top at Ford

Thursday, May 25th, 2017

Fun comes to the blue oval

THE abrupt departure of Ford’s boss, Mark Fields, which the firm announced on May 22nd, has two explanations. Investors had become restive at its performance, particularly in the past year. But Mr Fields was also perceived to lack the drive of Alan Mulally, the man he succeeded. In replacing him with Jim Hackett (pictured), who ran an office-furniture company before joining Ford’s board in 2013 and more recently led the firm’s mobility unit, Ford hopes to conquer current problems and shore up its future strategy.

Ford’s shares have declined by nearly 40% since Mr Fields took over (see chart). Though it made record profits in 2015 and had strong results in 2016, investors reckoned a booming North American market, on which it relies for nearly two-thirds of revenues, would slow. They also disliked the fact that Mr Fields had to invest heavily in new technologies. Ford suffered the ignominy of its market capitalisation being…Continue reading

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