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ArcelorMittal slumps to an annual loss of almost $8bn (£5.4bn) as the world’s biggest steelmaker is hit by plunging commodity prices. read more >>> Source : BBC

The US dollar continued suffering but now enjoys some respite as the tension towards the NFP provides a temporary calm. What can we expect from the big event? Will the dollar continue suffering? And what’s ahead next week?. Join me for a live market open, hosted by FXStreet: walking though recent developments and their impact […]

BEIJING, Feb 5 (Reuters) – China will continue to crack down on illegal foreign exchange activities but won’t revert back to “old road” of capital controls, an official of the country’s foreign… read more >>> Source : Reuters

Oil prices have plunged by over 70% since the summer of 2014. Energy giants are suffering as British companies like BP reported a 51% fall in profits and are cutting 7,000 jobs as a result. However, Bank of England deputy governor Ben Broadbent told BBC Radio 5live’s Wake Up To Money this morning that the […]

Antonin Jullier, global head of equity trading strategy at Citi, discusses the impact of the deal between Royal Dutch Shell and BG. read more >>> Source : CNBC.Com

The recent big moves in forex markets created opportunities and interesting patterns on the charts. Here are the views from SocGen: Here is their view, courtesy of eFXnews: EUR/USD retested last March levels (1.0570/1.05) and also the multi decadal channel back in November after which it has embarked on a recovery. This week it has […]

* Q4 GDP -1.83 pct q/q, vs +3.36 pct Q3 (Adds more detail on govt spending and policy context) read more >>> Source : Reuters

WINNIPEG, Manitoba, Feb 5 (Reuters) – The Canadian dollar’s recent fall threatens Quebecor Inc’s bid to bring back Quebec City’s beloved National Hockey League franchise, the Nordiques, by increasing… read more >>> Source : Reuters

Asian stock markets were uneven on Friday as investors awaited U.S. job numbers that could influence how far the Fed raises interest rates this year. Japanese shares sagged on the strengthening yen. read more >>> Source : CTVNews.Ca

Aging media mogul Sumner Redstone stepped down as executive chairman of Viacom on Thursday and was replaced by CEO Philippe Dauman, a move that immediately disappointed investors. read more >>> Source : CBC.Ca

NELLIS AIR FORCE BASE, Nev., Feb 4 (Reuters) – The Pentagon’s fiscal 2017 budget will propose a $1 billion boost in spending on advanced training for the U.S. Air Force over the next five years, U.S. Defense Secretary Ash Carter said on Thursday. read more >>> Source : Reuters

By Lucia Mutikani WASHINGTON (Reuters) – U.S. employment gains likely slowed in January as the boost to hiring from unseasonably mild weather faded, but an expected rebound in wages and a steady jobless rate will suggest the labor market recovery remains firm. Nonfarm payrolls probably increased by 190,000 jobs last month, according to a Reuters […]

The rupee declined 9 paise to 67.66 against the US dollar in early trade on Friday even as a spate of weak US economic data raised questions over the US Fed’s intentions behind the December rate hike, making further rate hikes look out of the question for now. read more >>> Source : EconomicTimes.IndiaTimes.Com

The fall in oil prices has been a “net good” for the economy, Bank of England deputy governor Ben Broadbent tells the BBC. read more >>> Source : BBC

Cara Foods, the owner of such restaurants as Harvey’s, Swiss Chalet, Kelsey’s and East Side Mario’s, will switch to cage-free eggs in its entire supply chain by 2020. read more >>> Source : CTVNews.Ca

NELLIS AIR FORCE BASE, Nevada, Feb 4 (Reuters) – The U.S. Air Force will deploy four Lockheed Martin Corp F-35 fighter jets to a different U.S. air base this month as it assesses whether the new warplane can be declared combat-ready by August as planned, a senior officer told Reuters on Thursday. read more >>> […]

Above is the standard form letter being sent to Verizon customers in multiple states to shut off their current working copper-based telecommunication service. And below is a list of the state agencies (and FCC) to contact if you have a ‘complaint’ about it. Essentially it is nine states — most of the East Coast, from […]

* Yen close to two-week high, as BOJ-inspired gains evaporate read more >>> Source : Reuters

SOME of Europe’s biggest banks are on the brink for a crisis that echoes the 2008 meltdown, a finance expert warned, as fears over the global economy escalate. read more >>> Source : The Daily Express

To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_02052016.pdf FACTORS TO WATCH 9:30 am: Junior Finance Minister Jayant Sinha and RBI… read more >>> Source : Reuters

Growth in South East Asia’s largest economy, Indonesia, has come in at 4.76% for 2015 – the fifth consecutive yearly decline. read more >>> Source : BBC

By Mike Stone (Reuters) – State Street Corp is nearing a deal to acquire General Electric Co’s $115 billion asset management business, according to people familiar with the matter, as the U.S. industrial conglomerate continues to shed unloved assets. State Street, a Boston-based asset manager, has prevailed over other bidders, including Goldman Sachs Group Inc […]

During the Thursday-night Democratic presidential debate, former Secretary of State Hillary Clinton confronted her chief primary rival over his constant criticism of her speaking fees and contributions from Wall Street. Her primary rival, Sen. Bernie Sanders (I-Vermont), has repeatedly questioned why big banks and financial interests have given her campaign money and paid her hundreds […]

* Sharp shares jump, up 29 percent over two days (Adds share reaction and news conference details) read more >>> Source : Reuters

Oil edged up in lackluster trading on Friday as Asian liquidity faded ahead of the Lunar New Year holiday across large parts of the region. read more >>> Source : CNBC.Com

In 2006, a rare $650,000 Ferrari Enzo split in half in a devastating wreck along Pacific Coast Highway in Malibu, California. Local and national news media were all over the story. News helicopters hovered overhead, shooting video of the mangled red Italian supercar, its front end and passenger compartment resting on the side of the […]

Feb 4 (Reuters) – Click on http://tmsnrt.rs/1QJwCb6 for a Thomson Reuters report that reviews U.S. retailers’ January same-store sales. (Bengaluru Newsroom +91 80 6749 1130; within U.S. +1 646 223 8780) read more >>> Source : Reuters

This interview is part of a series on Trailblazing Women role models (Entrepreneurs and Leaders) from around the world and first appeared on “I’m excited for you. If you are reading this, you are a trailblazing woman yourself, leading the way to make a global change and have impact. I hope you’ll come away with […]

Les Moonves, the newly-named chairman of CBS, calls it a “great privilege” in his first interview since the appointment. read more >>> Source : CNN Money

Will one of the world’s largest construction projects taking place in Saudi Arabia be a success? read more >>> Source : BBC

Morocco’s King Mohammed VI inaugurated the first phase of what will eventually be the world’s biggest concentrated solar energy plant Thursday. The project is intended to slash greenhouse gas emissions. The massive plant is located outside the central city of Ouarzazate, on the edge of the Sahara desert. “We can see that it is possible […]

* Asian markets subdued ahead of closely-watched U.S. jobs data read more >>> Source : Reuters

TAIPEI, Feb 5 (Reuters) – Taiwan’s Foxconn has offered to invest around 659 billion yen ($5.6 billion) in struggling Japanese electronics maker Sharp Corp, two sources with knowledge of the matter said. read more >>> Source : Reuters

Here’s why low rates are likely to stay around for the rest of the year too. read more >>> Source : Realtor.org

Chinese soccer clubs have gone on a buying spree, bidding for and signing some of the best players in the world for exorbitant amounts. In late January, British Premier League club Chelsea sold Brazilian international midfielder Ramires to Chinese team Jiangsu Suning in a $36 million deal, while Colombian international Jackson Martinez has signed to […]

Martin Shkreli’s new hotshot laywer, Ben Brafman, appeared on CNBC Thursday afternoon. He said Shkreli needs coaching to save him from a public relations disaster that could harm his criminal case. read more >>> Source : CNN Money

WASHINGTON, Feb 4 (Reuters) – The United States Marine Corps will try to maintain funding for its plans to modernize its fleet of aging aircraft and ships in the fiscal 2017 defense budget, the commandant of the Marine Corps said on Thursday. read more >>> Source : Reuters

Recently, one of my friends asked me: “What is Kim Kardashian famous for, again?” My reply was: “I think she is just famous for being famous.” But this, albeit short, topic of conversation made me want to find out what exactly it was that put the Kardashian family on the map and how they managed […]

NEW YORK, Feb 4 (Reuters) – A top Federal Reserve official on Thursday said she is comforted that U.S. interest rates are headed higher and has not yet been convinced to adjust her economic… read more >>> Source : Reuters

LinkedIn shares plunged as much as than 28 per cent in after-hours trading Thursday after it reported better-than-expected results for the fourth quarter but provided a weak forecast for 2016. read more >>> Source : CTVNews.Ca

Chipmaker MaxLinear (MXL) popped onto the Sector Leaders list Thursday, just ahead of its fourth-quarter earnings report due out after Monday’s close. The maker of communications and video display chips pre-announced its Q4 revenue Jan. 6. It projected revenue of $99 million, at the high end of its prior guidance. It put first-quarter revenue at […]

Venture funding of startup companies has surged during the last seven years and is now back to pre-recession levels. Yet with the public markets in turmoil and $1 billion “unicorn” companies holding off on IPOs, it’s hard to know what will happen to venture capital in the year ahead. For one, the sentiment is changing: […]

The federal Competition Bureau says it won’t challenge the proposed $1.6-billion acquisition of struggling wireless carrier Wind Mobile by Shaw Communications. read more >>> Source : CTVNews.Ca

No matter whom you talk to, you will quickly find out that there are few people with solid solutions as we move into a very different way of working. Some people have more information, more data points, some have more understanding based on research and or specific trials (and some errors), and some are going […]

NEW YORK, Feb 4 (Reuters) – The U.S. economy remains sound and will overcome recent market turbulence, allowing the Federal Reserve to continue tightening its monetary policy as planned, a top Fed… read more >>> Source : Reuters