Tuesday 24 October 2017

Company news, markets and financial talking points, available from 8am Monday to Friday

Trump to announce new Fed chair ‘very shortly’

Donald Trump says he will name the new chair of the US central bank “very shortly”. The US President has signaled that there are three main frontrunners for the post, but the BBC says the names in the mix include Republican Jerome Powell, current Fed chair Janet Yellen, the hawkish John Taylor and White House insider Gary Cohn.

CBI says Brexit transition deal is paramount

The head of the CBI says a Brexit transition deal is crucial for investment and jobs in both the UK and European Union. Carolyn Fairbairn told Sky News there is growing evidence that firms were putting off investment as they await clarity from the government. She added that “40% of firms have changed their investment plans and reduced them as a result of Brexit uncertainty”.

Netflix announces new fundraising as rivals grow

Netflix is raising another $1.6bn (£1.2bn) to finance new shows and consider further acquisitions. Announcing it intends to spend up to $8bn on content next year to compete with the growing threat from rivals, the video-streaming service will issue bonds to investors, although the interest rate it will pay has yet to be decided. It plans to release …read more

Source:: The Week – All news

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