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3 January 2020
*Conservative party won an 80 seat majority at the December 2019 General Election under the slogan of “Get Brexit Done”. PM Boris Johnson called for unity and in a New Year’s message to Remain voters said “Let’s Be Friends”.
*MSCI World Index jumped 24% during 2019 he strongest performance since 2009 with the US Standard & Poor 500 gaining 29%. The Nikkei rose 18% and China’s composite index rose 36%. Global equities were encouraged by three rate cuts from the US Federal Reserve.
*Carnival Corp reported positive 2019 net income of $3.06bn with record bookings for 2020. The board expects to return to double digit earnings growth.
*Andrew Bailey FCA boss was appointed to head the Bank of England when Mark Carney’s term expires on 16th March 2020.
*Denise Coats received a UK record £323m payday in 2019 from her firm Bet365 up from £220m in 2018.
*Hong Kong demonstrations continued over the Christmas and New Year celebrations resulting in the cancellation of New Year’s Eve festivities.
*Muddy Waters caused a collapse in the NMC Healthcare share price after reporting that NMC had engaged in various manipulations of its balance sheet and cashflows.
*House of Representatives voted 230 to 197 to impeach US President Donald Trump on the grounds of abuse of power and obstruction of justice.