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Against the euro, sterling hit a 2-1/2-month low of 74.235 pence before recovering to 73.79 pence, flat on the day. read more >>> Source : EconomicTimes.IndiaTimes.Com

Trading has been suspended in China after share prices plunged today by more than 7 per cent. The slide triggered an automatic shutdown of the country’s stock exchanges and underscores the ongoing weakness of China’s manufacturing sector. read more >>> Source : CBC.Ca

The UK’s manufacturing sector grew at its slowest pace for three months in December, a survey indicates. read more >>> Source : BBC

BRITAIN’s top stock market lost billions of pounds this morning, prompting fears over invested pension savings. read more >>> Source : The Daily Express

David Cameron’s government is going to take “radical” steps to intervene in Britain’s housing market, and to try to reduce the chronic undersupply of affordable housing that is plaguing potential housebuyers in the UK right now. On Monday, Cameron will announce plans to commission tens of thousands of new so-called “starter homes” on brown field […]

SUPERMARKETS have today slashed diesel prices to below £1 a litre for the first time in six years, marking a good start to 2016 for millions of drivers. read more >>> Source : The Daily Express

The government is “pulling out all the stops” by directly commissioning the building of up to 13,000 homes on public land, ministers say. read more >>> Source : BBC

SEOUL, Jan 4 (Reuters) – South Korea will review safety at its six budget airlines after two recent incidents, including one involving a plane that had to return to its departure airport after a door was not properly sealed, a transport ministry official said. read more >>> Source : Reuters

Oil traders can’t make their minds up. The price of Brent and crude spiked overnight amid escalating tensions between Saudi Arabia and Iran. Saudi Arabia has cut off diplomatic relations with Iran, getting people worried about the supply of oil from the Middle East. But oil prices fell back dramatically in early morning trade in […]

Hollywood and video game makers look set to storm the immersive, virtual reality marketplace now that the VR makers have finally worked the bugs out. Their wares are expected in force at the annual CES extravaganza in Las Vegas later this week. read more >>> Source : CBC.Ca

The tensions between Iran and Saudi Arabia are escalating after diplomatic ties were cut this weekend. CNBC discusses how other countries could get involved. read more >>> Source : CNBC.Com

A majority of Canadians remain confident about their finances heading into 2016, but the percentage holding a positive view is down from a year ago, according to a new poll from one of the country’s big banks. read more >>> Source : CTVNews.Ca

Eurozone CPI Flash Estimate is an inflation index which measures the change in the price of goods and services charged to consumers. A reading which is higher than the market forecast is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Tuesday at 10:00 GMT. Indicator Background […]

* Gunfire still being heard on third day of clearing operation read more >>> Source : Reuters

* China selloff hits Aussie, other commodity-linked currencies read more >>> Source : Reuters

Creator of hit historical melodrama “Downton Abbey,” Julian Fellowes’s next project will be a serialized novel released digitally. read more >>> Source : CNBC.Com

European factories are in great shape. It’s manufacturing PMI day in Europe, meaning we get a snapshot of how factories across Europe are doing. The figures, each somewhere between 0 and 100, give an idea of whether a country’s manufacturing sector is growing or contracting. Anything above 50 signals growth, anything below means contraction. The […]

UK shares start the new year sharply lower as European markets fall in the wake of steep losses in China. read more >>> Source : BBC

As liquidity returns to markets at the start of the New Year, we’re seeing a fairly uncomfortable start, with trading halted in Chinese equities after a 7% fall in the Chinese composite index. The more risk averse tone has been reflected in other equity markets in Asia and is also being carried over into European […]

TRADING on China’s stock markets have been SUSPENDED after shares plunged by around 7 per cent as falls in the yuan heightened concerns about the struggling economy. read more >>> Source : The Daily Express

Jan 4 (Reuters) – Hong Kong stocks posted their biggest fall in three months on Monday, marking a gloomy start for 2016, pulled lower by slumping mainland shares and weak global markets. read more >>> Source : Reuters

Business support for EU membership has narrowed from 74% six months ago to 62%, according to a survey of large businesses by consultants Deloitte. read more >>> Source : BBC

Chinese stocks marked the start of the new year by getting frozen before they got absolutely obliterated due to the sharp fall in the wake of a disappointing manufacturing PMI report for December and further weakening in the Chinese yuan. After 45 minutes of trade, the benchmark Shanghai Composite index was down 3.38%, and was […]

Most emerging Asian currencies started 2016 weaker on disappointing China factory data and geopolitical tensions in the Middle East, adding to fears that regional units may depreciate further in the new year. read more >>> Source : EconomicTimes.IndiaTimes.Com

KABUL, Jan 4 (Reuters) – A suicide bomber in a car blew himself up close to a police checkpoint near Kabul airport on Monday but caused no other casualties, a police spokesman said. read more >>> Source : Reuters

The new year is here, and the mood is certainly damp. Worries about China and the Middle East trigger a “risk off” pattern in markets and this is reflected in currency movements. Join me for a live market open, hosted by FXStreet: walking though recent developments and their impact on currencies, going through charts of […]

DUBAI, Jan 4 (Reuters) – The Saudi riyal fell sharply against the U.S. dollar in the forward foreign exchange market early on Monday after relations between Saudi Arabia and Iran deteriorated,… read more >>> Source : Reuters