Charlie Munger is a college-dropout who served as a meteorologist in the US Army Air Corps before graduating from Harvard Law. And then he met Warren Buffett. The rest is history. As vice chairman of Berkshire Hathaway, Munger is Buffett’s right-hand man. He has an estimated net worth of $1.19 billion. Like Buffett, Munger’s wit […]
Forecast of strong December sales expected to take 2015 U.S. sales to 17.5 million vehicles, breaking 15-year record. read more >>> Source : CNN Money
Low oil prices could spur further mergers and acquisitions (M&A) across the oil and gas sector in 2016, analysts told CNBC. read more >>> Source : CNBC.Com
Global stocks dropped like a ‘lead balloon’ on Monday — never even looked back from the min the mkts opened……renewed worries over Chinese economic conditions — likely confirming a contraction and the way the mkts reacted it is expecting a ‘global contraction’….and this caused investors to ‘exit’ the Chinese mkt in droves — which then […]
* Police officer says was abducted by air base attackers (Updates toll, defence minister, Sharif-Modi call) read more >>> Source : Reuters
The rupee today recovered from its two-week low to end steady at 66.60 against the American currency, inching up by a paisa on the back of mild dollar selling. read more >>> Source : EconomicTimes.IndiaTimes.Com
International Monetary Fund chief Christine Lagarde said on Tuesday she was not in Nigeria to negotiate a loan and urged Africa’s biggest economy to diversify its revenue to try and get out of an economic crisis fueled by the fall in oil prices. Lagarde was speaking at the presidential villa in the capital Abuja moments […]
Small businesses in 2015 saw their softest year of employment growth since 2011, according to data released Tuesday. read more >>> Source : CNBC.Com
LONDON’s top stocks were back in the red today despite desperate efforts by the Chinese government to calm markets. read more >>> Source : The Daily Express
Supermarket group Sainsbury’s says it made an offer for Argos owner Home Retail Group in November, but that the offer was rejected. read more >>> Source : BBC
Via Dave Lutz at JonesTrading, here’s a quick guide to what traders are talking about before markets open on Tuesday as stocks in the US look set to open lower for a second straight day. Good Morning, and welcome to “Turnaround Tuesday?” US Futures are starting in the red for now, off 60bp but well […]
Starbucks is adding a new drink to its menu. read more >>> Source : CNN Money
A busy Christmas season has helped pushed Spain’s unemployment rate down further. It fell by 1.34 percent in December, leaving just over four million… read more >>> Source : EuroNews.Com
Happy Fat Cat Tuesday! Today is when the pay of a FTSE 100 company’s CEO will overtake the average U.K. worker’s annual earnings. read more >>> Source : CNBC.Com
Here’s some advice for keeping Uncle Sam out of your nest egg. read more >>> Source : BankRate.Com
Responding to heightened demand in the Middle East for high-quality, midscale accommodations, Wyndham Hotel Group today announced plans to open four new hotels across Saudi Arabia, Jordan and Bahrain under its growing Ramada Worldwide flag. The hotels include the 161-room Ramada Resort Dead Sea in Jordan; the 165-room Ramada Jeddah Corniche in Saudi Arabia, the […]
LONDON, Jan 5 (Reuters) – Investors once again flocked to the safety of the yen on Tuesday as a modest pick-up in risk appetite gave way to jitters over Chinese market turbulence and stalling growth… read more >>> Source : Reuters
KUALA LUMPUR, Jan 5 (Reuters) – Malaysia Airlines said on Tuesday it has temporarily banned checked-in baggage on some flights to Europe because of “unreasonably strong head winds” on the longer routes it is taking for safety reasons. read more >>> Source : Reuters
Members of a small but defiant group are pledging to keep protesting the Site C hydroelectric project in northeastern British Columbia, despite being ordered off the land. read more >>> Source : CTVNews.Ca
By Nate Raymond (Reuters) – Texas tycoon Sam Wyly is set to face off against the Internal Revenue Service at trial on Wednesday over more than $2 billion the agency says he owes for using offshore trusts to engage in one of the largest tax frauds in U.S. history. The trial in federal bankruptcy court […]
The greening of Alberta’s power grid will mean more renewables, such as wind, solar and hydro, but could it also mean more oil? read more >>> Source : CBC.Ca
The average apartment price in Manhattan hit a record $1.95 million in 4Q, as high-end real estate defies volatile stock markets. read more >>> Source : CNBC.Com
* Around 1 million migrants reached Europe in 2015 (Updates for new figures, background) read more >>> Source : Reuters
Forex Broker Admiral Markets now offers a web based Meta Trader 4 experience for its traders. More details from the official press release: Admiral Markets, Forex and CFD broker now offers a browser-based version of the world’s most popular trading platform – MetaTrader 4. Designed to provide traders with high flexibility, MT4 WebTrader allows hassle-free […]
Oakwood Asia Pacific which manages some of the finest serviced apartments for business and leisure travellers has announced its expansion into Australia with the acquisition of Oakwood Apartments Brisbane, which is the first Oakwood- branded building in Australia. The company also announced Paul Wilsher’s appointment as general manager of the property. read more >>> Source […]
TOP bosses make upwards of a staggering £1,200 an HOUR to rake in more money in just two days than a typical British worker earns in an entire year, damning analysis has revealed. read more >>> Source : The Daily Express
EURUSD EURUSD is moving south but the pair may be looking for some support near 1.0750 as we see a price action in the fifth wave showing a decline of an impulsive structure from 1.0947. In that region we also see a 161.8% extension of wave 2/B which can also react as a support, but […]
LONDON, Jan 5 (Reuters) – British Prime Minister David Cameron will let government ministers campaign to leave the European Union in an upcoming referendum, a source in his office said on… read more >>> Source : Reuters
Researchers find that self-driving cars may drive too perfectly for their own good, as well as ours. read more >>> Source : BankRate.Com
Against a basket of currencies, sterling was broadly flat, falling 0.2% against a resurgent dollar and gaining around the same amount against the euro. read more >>> Source : EconomicTimes.IndiaTimes.Com
It’s “Fat Cat Tuesday,” the day created by think-tank, the High Pay Centre (HPC) to illustrate just how massive the gap between executives and normal workers in the UK is. According to their findings, by the close of business on Tuesday evening, British CEOs will have already earned more than the average Brit will in […]
* Refugees seen as opportunity, though balanced budget at risk read more >>> Source : Reuters
Sales of guns in the US rise, just as President Barack Obama unveils control measures designed to limit the availability of weapons. read more >>> Source : BBC
BENGHAZI, Libya, Jan 5 (Reuters) – Islamic State militants resumed shelling near the Libyan oil port of Es Sider on Tuesday and an oil storage tank in the port was hit causing a fire, a petroleum guards spokesman and the National Oil Corporation said. read more >>> Source : Reuters
MILLIONS of HSBC customers are suffering yet more disruption after being blocked from accessing their accounts again this morning. read more >>> Source : The Daily Express
Today, if the S&P 500 doesn’t have its best day in four years, the so-called Santa Claus rally predicts gloom ahead. If that seems too fanciful, consider that stock markets do poorly in the eighth year of a U.S. presidency. read more >>> Source : CBC.Ca
Euro-zone inflation remains depressed, but this isn’t a huge surprise after Germany’s numbers. It seems that this kind of disappointment was already priced in. Prices rose 0.2% y/y and core inflation remains at 0.9%. EUR/USD wobbles on low ground, trading around 1.0780. Update: the pair is now extending its falls below 1.0770. At the same […]
** Bunzl, which supplies supermarkets, hospital and hotels with products ranging from carrier bags to toilet rolls, up 2.4 pct & 2nd top FTSE-100 gainer read more >>> Source : Reuters
French telecoms operators Orange and Bouygues are in talks over a possible merger, they confirm. read more >>> Source : BBC
Natixis oil and gas analyst, Abhishek Deshpande explains how Saudi Arabia’s tensions could add a risk premium to oil. read more >>> Source : CNBC.Com
LONDON, Jan 5 (Reuters) – World stocks inched up from 2-1/2-month lows on Tuesday as China pumped in an estimated $20 billion to stabilise its equity and currency markets, which recorded the worst… read more >>> Source : Reuters
Faraday Future, the once-mysterious Chinese-backed electric-car company, unveiled its first vehicle concept at an event in Las Vegas Monday evening. And it came in the form of an all-electric supercar called the FFZERO1. The futuristic model marks the beginning of Faraday Future’s quest to “Change mobility the way Apple changed the cell phone,” FF research […]
Saudi Aramco has raised its February price for its Arab Light grade for Asian customers by $0.60 a barrel versus January to a discount of $0.80 a barrel to the Oman/Dubai average. read more >>> Source : CNBC.Com
The FTSE 100 rises 1% in early trade, recovering some of the ground lost on Monday amid the global share rout. read more >>> Source : BBC
The Financial Conduct Authority quietly stopped pursuing any formal action into reviewing whether HSBC’s Swiss private banking arm allegedly helped wealthy clients dodge tax between 2006 and 2007 months ago. The news will undoubtedly piss off a lot of politicians and the public. Why? — because this is the latest in a line of moves […]