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 […]
** British defence company BAE Systems up 0.7 pct an one of top gainers on FTSE 100 after RBC says tide is turning after better-than-expected FY2016 budget for U.S. defence spending read more >>> Source : Reuters
It’s service sector PMI day in Europe, meaning we’re getting a snapshot of growth in the area across the continent. The purchasing managers’ index from Markit gives an indication of whether service sectors are growing or contracting, giving a number between 0 and 100 to indicate just how fast or slow. Anything above 50 signals […]
China plans to restrict stock sales by large shareholders once a ban imposed in July to stop a slide in prices is lifted this week. read more >>> Source : CTVNews.Ca
Black Friday, Christmas and post-Christmas sales rise at John Lewis helped by online trading, but like-for-like sales fell at Waitrose over the period. read more >>> Source : BBC
John Lewis had a solid Christmas — a make or break period for the retailer. The department store, which also owns posh supermarket Waitrose, put out a relatively upbeat trading statement on Wednesday covering the 6 weeks to January 2. Here are the highlights: Group sales up 4.1% to £1.8 billion ($2.6 billion); Waitrose sales […]
* Says optimistic agreement with US regulators will be reached soon read more >>> Source : Reuters
In today’s morning show we are doing something a bit different: most of the show is dedicated to a 2016 outlook covering the main themes and currencies. Join me for a live market open, hosted by FXStreet: walking though recent developments and their impact on currencies, going through charts of majors, minors and crosses, previewing […]
THE property market looks set for a frenzied start to the year with 10 buyers chasing every home for sale. read more >>> Source : The Daily Express
USD/CAD is trading well above the 1.40 level, even though oil prices haven’t hit new lows. There are many factors hitting the loonie. Here are some explanations: Here is their view, courtesy of eFXnews: The Canadian dollar fell to new 12-year-plus lows below C$1.4000 versus the U.S. dollar Tuesday, with the loonie weighed by weak […]
Chinese tech giant Huawei Technologies saw its revenue jump 70% to $20bn (£13bn) in 2015 from a year ago on strong smartphone sales. read more >>> Source : BBC
How do engineers contribute to concepts through integration of new technologies? How do they turn inventions into innovative applications supporting new or existing user needs? Interviewing five engineers at an automotive company’s technology search organization, we learned how they search, evaluate, validate and implement technologies into new innovative concepts. Special characteristics are critical in the […]
Most Asian stock markets declined Wednesday after a possible nuclear test in North Korea unnerved investors and a poor Chinese economic report dampened sentiment. read more >>> Source : CTVNews.Ca
Valeant will appoint an interim chief CEO to replace Michael Pearson who is hospitalized, sending shares down 7 percent on Tuesday. read more >>> Source : CNBC.Com
UNITED NATIONS, Jan 5 (Reuters) – The U.N. Security Council is planning to hold an emergency meeting on Wednesday to discuss North Korea’s reported test of a hydrogen bomb, the U.S. mission to the United Nations said. read more >>> Source : Reuters
(Reuters) – The head of Volkswagen AG’s top selling brand said Tuesday he is “confident” the German automaker will reach agreement with U.S regulators to bring nearly 500,000 diesel vehicles into compliance with U.S. emissions laws. “We are confident we will find an acceptable solution,” VW brand chief Herbert Diess said at a press conference […]
Volkswagen hosted a keynote event at the Consumer Electronics Show in Las Vegas Wednesday night. Top-of-mind among many in both the automotive and technology industries is VW’s emissions scandal. So, the company’s chairman, Dr Herbert Diess, opened the presentation with an apology. Saying “We disappointed the American people and our customers,” Diess said, referring to […]
UNITED NATIONS, Jan 5 (Reuters) – The United Nations Security Council is planning to meet on Wednesday morning to discuss North Korea’s latest reported nuclear test, council diplomats said. read more >>> Source : Reuters
* Central bank surprises market with weak opening fix for yuan read more >>> Source : Reuters
Toyota announced the six-man tech team that will head up the company’s new Toyota Research Institute (TRI). “The institute was created to be the leading edge explorers for Toyota in new areas,” TRI CEO Dr. Gil Pratt told Business Insider. “To make sure that as the automobile industry changes and as the world changes, Toyota […]
TOKYO, Jan 6 (Reuters) – The yen vaulted to a near three-month high against the dollar and multi-month highs versus other currencies on Wednesday as investors sought shelter in low-risk assets after… read more >>> Source : Reuters
With the brand new year comes the opportunity for fresh starts and reinvention. As a small business owner, you probably have a few resolutions on your agenda for 2016. I’ll bet one or more of them centers on making changes that will help you put your best foot forward professionally. And what could position you […]
Federal regulators hit Lumos Labs, the creator of Lumosity, with a $2 million fine for making “unfounded claims” that its program can improve cognitive function. read more >>> Source : CNN Money
* Asian suppliers’ shares also sold (Updates with share reaction in Asia) read more >>> Source : Reuters
Many wannabe house purchasers wonder whether or not they can afford the price quoted on the house they would like to buy. Or if they have not started their house shopping, they may be wondering what price range they should be exploring. If you intend to buy with all cash, you can pretty much answer […]
The $1.7 billion valuation Malaysia’s troubled state investment fund put on a deal to sell property assets may be too high, the FT reported. read more >>> Source : CNBC.Com
Oil prices edged higher on Wednesday, rebounding from lows as concerns over growing supply and rising stock levels outweighed Middle East tensions. read more >>> Source : CNBC.Com
BEIJING, Jan 6 (Reuters) – Farmers are illegally growing genetically modified corn in China’s northeast, said environmental non-profit Greenpeace on Wednesday, in a report that may generate further distrust of the government’s ability to ensure a safe food supply. read more >>> Source : Reuters
By Jacob Gronholt-Pedersen SINGAPORE (Reuters) – Oil prices edged higher on Wednesday, rebounding from near 11-year lows in the previous session as concerns over growing supply and rising stock levels outweighed tensions between key Middle East producers. A rift between Saudi Arabia and Iran over the Saudi execution of a Shi’ite cleric failed to boost […]
You’ve heard the news, right? The millennials have arrived in our companies, board rooms and on our management teams. Soon there will be more millennials than there are Baby Boomers and Gen-Xers combined. And as with all change, these arrivals have been met with some uncertainty and fear. Millennial is the buzz word of the […]
SHANGHAI, Jan 6 (Reuters) – China major stock indexes opened higher on Wednesday after state media reported a ban on share sales by major shareholders will remain in place until new rules to manage the process are promulgated. read more >>> Source : Reuters
Major companies in India begin to change their attitudes towards hiring people with disabilities. read more >>> Source : BBC
Asian stock markets are mixed on Wednesday, recovering some of the steep losses made earlier this week on the volatile trading in the Chinese markets. read more >>> Source : BBC
Cogeco Inc. says its radio subsidiary has sold its Métromédia advertising division to Bell Media, owner of Astral Out of Home. read more >>> Source : CBC.Ca
BMW is a company known for pushing the boundaries of automotive technology. At the same time, BMW has spent decades cultivating its reputation as the ultimate purveyor of old-school driving fun. It’s a delicate balance that the company has to main between the new and old. The company’s M3 sports sedan is still the benchmark […]
TOKYO, Jan 6 (Reuters) – The yen held firm near multi-month highs against major currencies on Wednesday as concerns over sluggish global growth and choppy oil and financial markets prompted investors… read more >>> Source : Reuters
If you want your business to be better, there are areas that will have to be different. If you want things to be different, you will have to change. For most businesses, the challenge to getting better falls into one or more of the following categories: Lack of focus in vision and strategy: An unclear […]
TOKYO, Jan 6 (Reuters) – Asian stocks were subdued early on Wednesday as floundering crude oil prices continued to dampen risk sentiment, while the dollar and yen drew support from anxiety over… read more >>> Source : Reuters
Cape Breton residents are cautiously optimistic that the reopening of a coal mine in Sydney, N.S., will help bring jobs to a place where the unemployment rate of 14 per cent is double the national average. But a job fair held Tuesday in Alberta had some concerned that locals could get shut out. read more […]
Jan 5 (Reuters) – Spirit Airlines Inc on Tuesday named board member Robert Fornaro as chief executive officer in a move analysts say may nudge it towards a merger with Frontier Airlines and improve its results after a year of unit revenue decline. read more >>> Source : Reuters