News 

Amid global market volatility, Japan could be one of the best bets in 2019

“Amid global market volatility and slowing growth that other economic giants are facing, Japan could be on a more sustainable path relative to the other countries, Shvets told CNBC on Tuesday” writes Chris Mcgrath for cnbc.com. Japan faces fewer micro and macro economic issues compared to the U.S., Europe and China — and might end up being one of the best bets in 2019, according to Viktor Shvets, the head of Asian strategy for Macquarie’s commodities and global markets team.Relative to the volatility around the world, “Japan is just calm,”…

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RightHand Robotics raises $23 million to grow its ecommerce solution in Europe and Japan

“RightHand Robotics today announced the close of a $23 million funding round to bring its services to customers in Europe and Japan and expand sales, engineering, and customer service divisions of the company” writes Khari Johnson for venturebeat.com. The funding will also be used to grow the RightHand Robotics product line further into industries like pharmaceuticals, groceries, and cosmetics. Source: venturebeat.com Share This:

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GBP News 

Brexit briefing: Theresa May expresses confidence she’ll be able to amend EU deal

“On Dec. 10, May confirmed she would be canceling a landmark parliamentary vote on her Brexit deal, originally scheduled for Dec. 11, amid widespread opposition to its central tenets” writes Lucy Mcnulty for marketwatch.com. Today in Brexit news, this is what’s been discovered: The U.K. prime minister believes she will be able to secure the “further clarifications” to her Brexit deal that she needs to win the approval of British lawmakers.Her optimism jarred with a briefing given by European Commission President Jean-Claude Juncker Thursday night, in which he dismissed May’s…

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News Stocks 

Europe stocks end lower as global economy clouds darken

“Investors have been driving up stocks this week on optimism over trade negotiations, but the China data indicated the collateral damage the data was having” writes Emily Horton for marketwatch.com. Separately, another set of data showed European car sales falling for a third-straight month.Business activity in China mostly slowed in November, official data showed on Friday, as industrial production and retail sales indicated renewed weakness.European markets fell Friday, as fresh data showed a slowdown in China and underperforming manufacturing figures for the eurozone, reigniting investors nerves over slowing global economic…

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Copper slumps on weak data from China, Europe

“Copper fell alongside stocks and other risk assets Friday as weak economic data in China and Europe added to downbeat sentiment about global growth” writes David Hodari for marketwatch.com. The WSJ Dollar Index, which tracks the dollar against a basket of 16 other currencies, rose 0.5%.China accounts for about half of global metals demand, and concerns about trade tensions and a weakening economy have pummeled materials of late. Source: marketwatch.com Share This:

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New gangs bring more violence and ‘Uberisation’ to Europe’s cocaine industry

“The increasing supply of cocaine in Europe has coincided in the past few years with changes in traditional smuggling routes from Iberia to large ports in Belgium, France and Germany” reports theguardian.com. The port of Antwerp is now the single, biggest entry point for cocaine into Europe, with 41 tonnes seized in 2017.A surge in the supply of pure cocaine to Europe has led to a rise in drug-related murders as new criminal gangs muscle into a market previously dominated by the mafia, the EU drugs agency has said. The…

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Markets News Regulators Stocks 

Asian Markets Welcome China Trade Concessions; Europe is Flat Before the ECB Rate Decision

“A menu of factors affected stock markets on Thursday, including the thawing US-China trade war, global growth, and the European economy and Brexit” writes Callum Burroughs for businessinsider.com. The European Central Bank is expected to end its bond-buying program but present a gloomy outlook on growth.China calmed fears of greater escalation in the trade spat, reportedly making its first major order of US soybeans in more than six months.The European Central Bank’s president, Mario Draghi, is widely expected to keep interest rates on hold and end Europe’s bond-buying program despite…

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News Regulators 

Euro slips as ECB’s Draghi lowers growth forecast for Europe

“The risks surrounding the euro area growth outlook can still be assessed as broadly balanced” writes Jasper Juinen for cnbc.com. The euro currency has slipped in value after the European Central Bank (ECB) trimmed its growth forecasts for this year and next.Delivering his prepared remarks to reporters in Frankfurt, ECB President Mario Draghi said 2018 growth in the euro area was expected to be 1.9 percent rather than the 2.0 percent forecast in September.The euro/dollar currency pair was at $1.1375 as Draghi begin speaking and fell to $1.1340 following the…

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GBP Markets News 

Revolut looks to limit fallout from Brexit by seeking EU licences

“A spokesman for Revolut said that securing an EU and UK banking licence has always been a part of the business plan” writes Robin Pagnamenta for telegraph.co.uk. He said Revolut will passport the licence across Europe in 2019, prioritising key markets such as the UK, France, Germany, Spain and Poland.The company sought an additional a full banking licence in Lithuania earlier this year as a result of Brexit uncertainty, which it plans to passport across Europe in 2019.The company also plans to break into lending, confirming plans to offer standard overdraft facilities…

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