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2015 was a volatile year for the stock markets and 2016 opened with a near obliteration of Chinese stocks on the first day back. And for this reason, technical analysts Michael Riesner and Marc Müller at UBS told clients in a research note on Wednesday morning that they should plough into gold (emphasis ours): Gold […]

Technologies drive progress in nearly every single aspect of our lives. We no longer send SMS, but use Viber, WhatsApp or any different messenger, our files are stored on google drive, dropbox and other services. It is clear that the general tendency of progress is to move all of the applications and services into the […]

MILLIONS of Santander customers will see the cost of their current account jump next week as the bank raises fees by 150 per cent. read more >>> Source : The Daily Express

LONDON, Jan 6 (Reuters) – Emerging equities fell to their lowest in 6-1/2 years on Wednesday as global markets continued to fret over China, while fresh yuan weakening pressured most emerging… read more >>> Source : Reuters

New research from Experian Automotive found that 10% of all luxury cars are registered in December. read more >>> Source : BankRate.Com

When the going gets tough, the tough build and monitor their ETF watch lists. When most investors are feeling skittish after a sharp stock market sell-off, the wise focus on the inevitable upside. Smart investors also consider the overall direction of the market when making buy and sell decisions. The IBD market direction recently shifted […]

BENGHAZI, Libya, Jan 6 (Reuters) – Fires caused by clashes between Islamic State militants and guards near Libya’s biggest oil ports have spread to four oil storage tanks that were still burning on Wednesday, a guards spokesman said. read more >>> Source : Reuters

HSBC says its online banking services are now stable, following two days of disruption earlier this week. read more >>> Source : BBC

Will the US dollar remain king in 2016? The year may see two distinct parts, and not necessarily because of the US elections. A change may be coming to the euro-zone and uncertainty about the UK’s membership could stir speculation on the pound. China will likely be an even bigger mystery and continue rising in […]

* Britain’s Hammond stresses Hong Kong has its own judicial system read more >>> Source : Reuters

Prime Minister David Cameron has promised a vote on the matter by the end of 2017, but last month hinted it could come this year. read more >>> Source : EconomicTimes.IndiaTimes.Com

* MSCI world share index down for 5th day as Asia, Europe slides read more >>> Source : Reuters

The price of oil plunged to another historic low on Wednesday morning as global geopolitical tensions grow, the volatility of Chinese markets continues, and the global glut of oil gets even bigger. As of 10:30 a.m GMT (5:30 a.m ET) the price of Brent crude, the European benchmark, slipped to exactly $35 per barrel — […]

Growth in the UK service sector fell slightly in December, but remained “solid”, a closely watched survey suggests. read more >>> Source : BBC

Following a year of pain for the energy sector, there are no signs of recovery as 2016 begins, but optimism dies hard in the oilpatch. read more >>> Source : CBC.Ca

The Australian and New Zealand dollars, among those most sensitive to Chinese growth and markets, both sank more than 1 percent on the back of the yuan move. read more >>> Source : EconomicTimes.IndiaTimes.Com

EUR/USD has certainly been suffering in recent days, with fear of more ECB action beating safe haven flows. What’s next? The team at Bank of America Merrill Lynch warns: Here is their view, courtesy of eFXnews: EUR choppy but weaker in 2016: 2015 was the year when the Euro finally weakened, but not on a […]

MANILA, Jan 6 (Reuters) – A group of Philippine “comfort women”, forced to work in Japanese military brothels in World War Two, accused their government on Wednesday of not doing enough to help them secure an apology and compensation from Japan. read more >>> Source : Reuters

Many Asian stock markets declined Wednesday after a North Korean nuclear test unnerved investors, while the stock market in China itself steadied after news that Beijing would keep market-steadying measures in place. Japan’s benchmark Nikkei 225 index fell 1.3 percent to 18,144.99, and South Korea’s Kospi slid 0.5 percent to 1,920.16. Australia’s S&P/ASX 200 lost […]

* Yen near three-month high vs dollar, nine-month high vs euro read more >>> Source : Reuters

Russia can play a positive role, and Saudi Arabia wants to improve its relationship with the country, says Adel al-Jubeir, Saudi Arabia’s foreign minister. read more >>> Source : CNBC.Com

By Elzio Barreto HONG KONG (Reuters) – A record number of Hong Kong firms shut up shop last year as China, the mainstay of the city’s economy, trundled to its slowest economic growth in a quarter of a century and spending by mainland visitors dried up. Some 122,479 companies were dissolved, according to data from […]