General World News

Dollar weakens after Fisher’s comments

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US stocks clawed back their opening losses into the NY close on the back of comments from Fed vice chair Fisher, who suggested that the Fed does not have a pre-determined path for rates. The comment also weighed on the dollar into the close. It was no great surprise to see the RBA keeping rate […]

General World News

GBP/USD: Trading the British Services PMI

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British Services PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the services sector. Respondents are surveyed for their view of the economy and business conditions in the UK. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible […]

General World News

A new global oil deal could draw lessons from 1998

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By Dmitry Zhdannikov LONDON (Reuters) – After a year of secret diplomacy and hushed-up private talks around the world, OPEC’s mighty Saudi Arabia and rival Venezuela were persuaded to cut a deal by non-OPEC Mexico which overcame mutual acrimony and led to a much-needed rise in oil prices. It was 1998, trust had long broken […]

General World News

20 for '16 in the Year of Music: A.Y.E.

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You want quality, you take it slow. So it should come as no surprise that Calgary hip-hop artist A.Y.E. (a.k.a. Jahimba Hutson) is still not quite ready to release the followup to his acclaimed 2014 debut 90 Now. That album landed him on the local and national rap map in a big way, getting him […]

General World News

Minor Hotel Group completes €300m Tivoli acquisition

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Minor Hotel Group has completed the final stage of its acquisition of Tivoli Hotels & Resorts, a well-known Portugal-based brand with 14 properties across Portugal and Brazil. The acquisition of Tivoli Hotels & Resorts, which totals €294.2 million, not only marks MHG’s strategic entry into Europe and Latin America, but also provides the group with […]

General World News

Asian Shares Slip as Crude Resumes Its Slide

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Asian shares fell on Tuesday as crude oil prices slid on oversupply fears and after downbeat manufacturing data raised concerns about sluggish global economic growth. Spreadbetters predicted European bourses would follow Asia lower, with IG predicting Britain’s FTSE 100 would start trading down 0.6 percent. Germany’s DAX was seen falling 0.7 percent, and France’s CAC […]

General World News

RBA holds AUD/USD in range

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The Reserve Bank of Australia came back from the summer holiday in the land down under and left the interest rate unchanged at 2%, as widely expected. While the recent market turmoil and worries about China may have added some easing bias, domestic indicators including the inflation mandate looked quite healthy. So what was in […]

General World News

BP reports worst annual loss in at least 20 years

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LONDON (Reuters) – BP on Tuesday reported an annual loss of $6.5 billion (4.5 billion pounds) in 2015, its worst in at least 20 years as the British oil and gas company struggled with a sharp downturn in the oil market. Underlying replacement cost profit, BP’s definition of net income, for the fourth quarter of […]

General World News

20 for '16 in the Year of Music: Danny Vacon

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This profile is part of a series of 20 pieces spotlighting members of the Calgary music community. For more Calgary 2016: Year of Music coverage, visit this page. Danny Vacon needs a little clarification. Told the reason for the interview request, he wants to make sure it’s not a waste of time for all parties […]