By Ben Hirschler LONDON (Reuters) – Index Ventures, an early investor in technology hits like Skype and Dropbox, is spinning off its biotech portfolio into a new $1 billion (695 million pounds) business, with backing from drug giants GlaxoSmithKline and Johnson & Johnson . The new Medicxi Ventures business will be led by the existing […]
In less than a month, big changes are coming that will usher in a new era of pick-and-pay television, including a cheap “skinny” basic TV package. But it appears none of the major cable and satellite TV companies wants to talk about it. read more >>> Source : CBC.Ca
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 […]
MOSCOW, Feb 2 (Reuters) – Foreign investors are welcome to take part in Russian privatisation, Kremlin spokesman Dmitry Peskov told reporters on Tuesday. read more >>> Source : Reuters
British oil company BP said fourth-quarter earnings plunged 91 per cent because of sharp declines in oil prices. BP reported Tuesday that underlying replacement cost profit fell to $196 million from $2.2 billion in the same quarter a year earlier. read more >>> Source : CTVNews.Ca
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 […]
LISBON, Feb 2 (Reuters) – A bomb threat on a plane preparing to leave Faro airport in Portugal’s southern region of Algarve for Lisbon forced the evacuation of its 38 passengers early on Tuesday, a spokesman for the country’s flag carrier TAP said. read more >>> Source : Reuters
Amrita Sen, chief oil analyst at Energy Aspects Ltd, says the correlation between oil and stock prices is an unhealthy situation. read more >>> Source : CNBC.Com
National Australia Bank was meant to launch its IPO of its UK lender Clydesdale Bank on Tuesday but instead it told the market that it is shelving the float for 24 hours. Why? Because a credit rating agency got in touch and launched a “specific request … for certain financial information relating to its assessment […]
Nintendo Co. reported a 36 per cent drop in quarterly profit after lacklustre video game sales for the year-end holiday shopping season. read more >>> Source : CTVNews.Ca
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 […]
Oil giant BP announces its full-year profits are down by more than half, but it maintains its dividend for the quarter. read more >>> Source : BBC
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 […]
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 […]
SHANGHAI, Feb 2 (Reuters) – China stocks bounced more than 2 percent on Tuesday, led by small-caps, but some analysts said thin trading volume suggests the rebound could be short-lived. read more >>> Source : Reuters
BAKU, Feb 2 (Reuters) – Azerbaijan’s central bank said on Tuesday it had revoked the banking licence of medium-sized lender Texnikabank. read more >>> Source : Reuters
The Non-Farm Payrolls is the highlight of this week’s trading calendar. Here is the view from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: Employment growth likely slowed in January with nonfarm payrolls rising by 170,000. This follows a robust 2015 finish, as jobs increased by an average of 284,000 in […]
LONDON, Feb 2 (Reuters) – Coffee shops, burger bars and clothes stores are among the foreign businesses in China that say they are thriving despite the economic slowdown that is hurting the manufacturing sector. read more >>> Source : Reuters
Shares in the Clydesdale Bank will not start trading on the London Stock Exchange on Tuesday, following its demerger. read more >>> Source : BBC
European airline easyJet has unveiled its plans for a zero emissions hydrogen fuel system. read more >>> Source : CNBC.Com
Asian stock markets were mostly lower Tuesday as the price of oil extended losses following a 6-per cent plunge that was sparked by data showing a manufacturing slowdown in the world’s two largest economies. read more >>> Source : CTVNews.Ca
The rupee which had risen to 67.77 per dollar, fell to the days low of 67.9750 after the policy as delaers read the RBI statement as being more hawkish. read more >>> Source : EconomicTimes.IndiaTimes.Com
* Drop in oil prices keeps risk appetite in check (Updates prices, adds comments) read more >>> Source : Reuters
BEIJING, Feb 2 (Reuters) – China Development Bank (CDB) plans to lend 950 billion yuan ($144.4 billion) to fund the rebuilding of shanty towns in 2016, up from 750.9 billion yuan last year, the official Financial News reported on Tuesday, citing the bank’s chairman. read more >>> Source : Reuters
Standard & Poor’s lowered the credit rating of BHP and put it on negative watch due challenging market conditions for commodities. read more >>> Source : CNBC.Com
Offshore wind investments in Europe doubled in 2015, according to new data from the European Wind Energy Association. read more >>> Source : CNBC.Com
SHANGHAI, Feb 2 (Reuters) – China stocks bounced more than 2 percent on Tuesday, led by small-caps, but some analysts say the accompanying thin trading volume suggest the technical rebound could be short-lived. read more >>> Source : Reuters
America’s most expensive weapons system ever just hit another snag. The F-35 Lighting II, Lockheed Martin’s fifth-generation fighter jet, is expected to miss a crucial deadline for successfully deploying its sixth and final software release — referred to as Block 3F. Block 3F is part of the 8 million lines of sophisticated software code that […]
The domestic currency had closed 6 paise lower at 67.84 against the greenback in the previous session. read more >>> Source : EconomicTimes.IndiaTimes.Com
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_02022016.pdf FACTORS TO WATCH 10:00 am: Finance Minister Arun Jaitley to deliver… read more >>> Source : Reuters
BEIJING, Feb 2 (Reuters) – China’s top economic planner said on Tuesday that it had given the green light to a railway project in the southeastern province of Fujian, the latest slew of infrastructure approvals as Beijing looks to avert a sharp slowdown in the economy. read more >>> Source : Reuters
All the recent buzz around the Powerball Lottery Jackpot of 1.6 billion dollars got me to thinking… Many people I spoke with in the last few weeks while doing my day to day activities were more than happy to share what they would do if they won the lottery. A technician at my doctors’ office […]
The U.S. House of Representatives on Monday passed the Electrify Africa Act, after nearly two years of trying to get the measure through both chambers of Congress. It now goes to President Barack Obama for his signature. The bill will provide a framework for a major public-private partnership between the United States and sub-Saharan African […]
Oil fell on Tuesday as worries about China and rising oil supply weighed on markets, although possible talks on production cuts offered some support. read more >>> Source : CNBC.Com
Stocks in Asia are trading largely lower on Tuesday following a lacklustre lead from the US overnight and as oil prices fall again. read more >>> Source : BBC
A company that was proposing to expand the size of a rail facility to double the number of trains it can load with Alberta oil has shelved the project. read more >>> Source : CTVNews.Ca
By Jeffrey Dastin NEW YORK (Reuters) – Travel insurance sales for trips to Latin America have surged as vacationers consider scrapping their plans to avoid the rapidly spreading Zika virus, one of the top U.S. providers, RoamRight, told Reuters on Monday. The Maryland-based company, part of insurer Arch Capital Group Ltd , said revenue jumped […]
* Hedge funds use options to wager on eventual yuan devaluation read more >>> Source : Reuters
Premier League football clubs have spent a record £1bn on transfer fees this season – the deadline for January transfers ended at 11pm on Monday. read more >>> Source : BBC
Google isn’t blowing that much money on projects like self-driving cars after all — less than 10% of its capital expenditures in 2015 were for forward-looking products outside its core. This came out in fourth-quarter earnings for Google’s parent company, Alphabet. This was the first time Alphabet broke numbers out for the core “Google,” which […]
SAO PAULO, Feb 1 (Reuters) – Canada’s Brookfield Asset Management Inc has withdrawn an offer to buy the 24.4 percent stake in infrastructure company Invepar held by Brazil’s Grupo OAS SA, the Canadian firm said on Monday. read more >>> Source : Reuters
Bilateral trade between North Korea and China fell nearly 15 percent last year in what appeared to be a reflection of a troubled relationship between the two countries, South Korea’s state-run policy research institute said Sunday. Trade between the two countries from January to November 2015 was worth $4.9 billion, down from $5.76 billion in […]
High drug prices have been big news lately. Some of this has been due to straight out price gouging by the likes of Martin Shkreli, everyone’s favorite young punk hedge fund tycoon and potential convict. However the more common problem stems from the exorbitant price charged for important new drugs like the Hepatitis C drug […]
One former manager who lost his job at Yahoo is challenging a quarterly employee ranking system, the NYT reports. read more >>> Source : CNBC.Com
The falling price of a barrel of oil has made headline news around the world as demand fails to match supply. But have we been here before? read more >>> Source : BBC