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
State-owned banks likely sold dollars on behalf of the Reserve Bank of India to prevent the local currency from weakening further, three FX traders told Reuters on Monday. read more >>> Source : EconomicTimes.IndiaTimes.Com
Chinese stocks plummeted nearly seven percent Monday – the first day of trading for the new year – prompting a halt to trading for the day on the Shanghai and Shenzhen exchanges. Poor manufacturing data in the world’s second-largest economy is mainly being blamed for the sharp selloff, along with rising tensions in the Middle […]
SEOUL, Jan 4 (Reuters) – South Korea’s Hyundai Motor Co said on Monday that its 2015 global vehicle sales were unchanged from the previous year at 4.96 million vehicles, leaving it short of its sales goal of 5.05 million for the 12 months. read more >>> Source : Reuters
The Shanghai Composite Index dived 6.9 per cent to 3,296.66 on Monday, the first trading day of 2016. The index was at the lowest level in nearly three months. read more >>> Source : CTVNews.Ca
Forex Crunch enjoyed a rise of around 80% in unique visitors and 30% in page views in comparison to 2014, which is quite nice. Thank you to all 1.6 million visitors and 8 million page views that the site enjoyed in 2015. Looking at the last month of 2015 had two halves: a strong beginning […]
ZURICH (Reuters) – Vontobel Holding’s Honorary Chairman Hans Vontobel, one of the firm’s most influential investors, died on Jan. 3 at the age of 100, the Swiss bank said on Monday. “Hans Vontobel was one of the most important bankers in our country, but beyond that he was a convinced humanist, who put people at […]
Using a dock that sits on the desk could be a thing of the past before it has even begun, with Lenovo launching a wireless desktop connectivity bar for its new ThinkVision X24 Pro monitor. read more >>> Source : ZDNet.Com
BOSTON, Jan 4 (Reuters) – Fidelity Investments said on Monday it is dropping long-time credit card partners American Express Co and Bank of America Corp, ending a 12-year partnership that has generated billions of dollars in fees. read more >>> Source : Reuters
A new app on show at the CES tech show 3D-scans rooms to help users decide how best to remodel their homes. read more >>> Source : BBC
The rupee fell 17 paise to 66.31 against the US dollar in early trade on Monday after weak Chinese manufacturing PMI readings sparked selling across Asian currencies. read more >>> Source : EconomicTimes.IndiaTimes.Com
SINGAPORE, Dec 31 (Reuters) – Oil and commodities were the world’s worst-performing asset class for the second year running in 2015, pressured by China’s economic slowdown and excess supply. read more >>> Source : Reuters
Facebook founder Mark Zuckerberg plans to build artificial intelligence (AI) to help him around the house and with his work. read more >>> Source : BBC
A private survey shows that Chinese manufacturing contracted for the 10th straight month in December as demand remained weak and factories trimmed staff and output. read more >>> Source : CTVNews.Ca
Moving beyond just the Carbon laptop, the X1 device range now features a tablet with clip-on modules and the expansion of the line to desktop and convertible laptops. read more >>> Source : ZDNet.Com
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_01042016.pdf FACTORS TO WATCH 11:00 am: Finance Minister holds pre-budget… read more >>> Source : Reuters
Oil prices up over 2 percent as relations between Saudi Arabia and Iran worsened following Riyadh’s execution of a prominent Shi’ite Muslim cleric. read more >>> Source : CNBC.Com
The so-called CNH spot opened at 6.5725 per dollar, but slipped to 6.6125. It was the lowest level since September, 2011. read more >>> Source : EconomicTimes.IndiaTimes.Com
SHANGHAI, Jan 4 (Reuters) – China stocks slumped more than 3 percent on the first day of trading in 2016 after weak factory activity surveys soured hopes that the world’s second-largest economy will enter the new year on better footing. read more >>> Source : Reuters
SEOUL (Reuters) – South Korean tech giant Samsung Electronics Co Ltd said it expects a difficult business environment in 2016 due to weak global economic conditions and heightened competition in key businesses including memory chips and smartphones. read more >>> Source : Reuters
By Trevor Hunnicutt (Reuters) – Investors poured $347 billion into exchange-traded funds globally during 2015, fund-manager BlackRock Inc said on Sunday, setting a new record for the industry. BlackRock said its own haul of $130 billion in new money also set a record in global flows for its iShares ETF business, surpassing the previous annual […]
TOKYO, Jan 4 (Reuters) – The dollar fell to a 10-week low against the yen on Monday as sliding equities and rising tension in the Middle East added bids to the safe-haven Japanese currency. read more >>> Source : Reuters
I’m not very good at New Year’s resolutions. It’s never made sense to me to pick an arbitrary date and pretend I’m going to start doing something — or everything — differently from that point on. Any gym owner can tell you how the weight room and spin classes swell each January, only to return […]
Asian markets start the first week of the new year on a cautious note with mixed trading in the region after the holidays. read more >>> Source : BBC
Tokyo – Japanese manufacturing activity expanded in December at the same pace as the previous month as new orders grew at a faster rate in a sign the economy maintained momentum at the end of 2015, a revised survey showed on Monday. The Markit/Nikkei Final Japan Manufacturing Purchasing Managers’ Index (PMI) was a seasonally adjusted […]
Finnish mobile maker Jolla has a small batch of tablets ready to send to early backers, but said it does not have enough in production for everyone. read more >>> Source : ZDNet.Com
South Korean automaker Hyundai Motor and its affiliate Kia Motors miss their sales target in 2015 for the first time since the financial crisis. read more >>> Source : BBC
* Major currencies mostly flat but Swiss franc slightly higher read more >>> Source : Reuters
The Canadian phone maker has reneged on its decision to exit the Pakistani market following talks with the country’s government on the privacy of its customers. read more >>> Source : ZDNet.Com
The contrarian American taking on the big banks read more >>> Source : BBC
EURUSD: With a reversal of almost all of its previous week seen the past week, EURUSD bear pressure builds up on 1.0795 level. On the down, support is located at the 1.0795 level and if violated, expect more weakness to happen towards the 1.0750 level. Further down, support lies at the 1.0700 level where a […]
Amaysim has acquired MVNO Vaya for AU$70 million in total, including a AU$50 million debt to Optus, due to be paid over the next two years. read more >>> Source : ZDNet.Com
2016 is here: there’s no time for hangovers and markets are in full swing. Here are the top 3 trades of the year from SocGen: Here is their view, courtesy of eFXnews: “My top 3 G10FX trades in 2016: The first is short GBP/JPY, on valuation and Brexit risks though Monday will be more about […]
Radisson is opening the Radisson Hotel Cromwell in Cromwell, Conn. Located at 100 Berlin Road, the hotel offers 215 spacious guestrooms and 30,000 square feet of flexible meeting and conference space. read more >>> Source : BreakingTravelNews.Com
SAN FRANCISCO (Reuters) – The Federal Reserve’s interest rate hike last month was a prudent first step to a more normal policy era and it signaled the central bank’s confidence that the U.S. economy will continue to improve, a top Fed official said on Sunday. “I fully supported the … December action,” said Cleveland Fed […]
Jan 3 (Reuters) – Residents of flooded areas in far southern Illinois anxiously waited for the swollen Mississippi River to peak on Sunday, with hundreds electing to remain in their homes, as states downstream prepared for the rising waters. read more >>> Source : Reuters
* China-based banker says “easy-money” arbitrage days now gone read more >>> Source : Reuters
It’s 2016. And the year is off to a busy start. In the US, the economic calendar is stacked with the releases of monthly manufacturing and labor market data. One of the big economic stories continues to be the weakness of the US manufacturing sector, as slowing global growth and the strong US dollar has […]
Jan 3 (Reuters) – Residents of towns in far southern Illinois anxiously awaited flood waters from the swollen Mississippi River to peak on Sunday, with hundreds electing to remain in their homes, as states downstream prepared for the rising waters. read more >>> Source : Reuters
What’s at stake this election year? Let me put as directly as I can. America has succumbed to a vicious cycle in which great wealth translates into political power, which generates even more wealth, and even more power. This spiral is most apparent in declining tax rates on corporations and on top personal incomes (much […]
GBP/USD ended the year with a huge plunge of 190 points, closing last week at 1.4733. There are nine events on the schedule. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. Key US indicators could have been sharper last week, as unemployment claims and housing […]
There are few cars in the world more iconic than the Porsche 911. Over the years, the rear-engined sports has gotten bigger, faster, and more technologically advanced. But its spirited driving dynamics and on-track capabilities have continued to make it a favorite among enthusiasts worldwide. However, you often hear the complaint that all current 911s […]
MONTEVIDEO, Jan 3 (Reuters) – Uruguay will give state oil company Ancap $620 million to cancel its debt for purchases of crude from Venezuela, according to a bill passed in a special session of… read more >>> Source : Reuters
AUD/USD was almost unchanged in thin market trading during Christmas week. The pair closed at 0.7288. There are nine events this week. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. Key US indicators could have been sharper last week, as unemployment claims and housing data missed expectations. There […]
The washing machine Laurie Beane just bought from Sears is suddenly on sale. Why does the company want to return it in order to honor the new price? Question: I’ve been without a washing machine for a few years and have been waiting for the best deal that I could afford. I recently ordered a […]