BRUSSELS (Reuters) – The European Commission said on Thursday it had cleared Western Digital’s planned acquisition of SanDisk after concluding that the takeover would not harm competition in the data storage market in Europe. read more >>> Source : Reuters
Snapping its three-day losing run, the rupee today jumped 52 paise to log its biggest single day gain this year. read more >>> Source : EconomicTimes.IndiaTimes.Com
A change of direction for Credit Suisse has meant big write-offs and a share price slump on Thursday. At one stage the share were down 13 percent.… read more >>> Source : EuroNews.Com
* Dollar down for second day after rate rise expectations collapse read more >>> Source : Reuters
ConocoPhillips is clearly under the strain of low oil prices. The world’s largest independent oil and gas driller reported a fourth-quarter earnings loss on Thursday morning, as well as a dividend cut. The company lowered its quarterly dividend to $0.25 from $0.74, and posted an adjusted earnings-per-share (EPS) loss of $0.65 for Q4. It also […]
You have reached the 100-day mark in your new job. You put a plan in place, leveraged your Fuzzy Front End to learn quickly, refined your plan, and developed solid relationships with all of your key stakeholders. You engaged the culture and made a strong early impression by delivering a clear message to your new […]
In today’s Forex Forecast, an outlook was provided for USD/JPY, EUR/USD and GBP/USD by Richard Perry, Market Analyst for Hantec Markets, when he joined Zak Mir and Bill Hubard on the Tip TV Finance Show. Topics Covered: EUR/USD, GBP/USD, USD/JPY read more >>> Source : ForexCrunch.Com
The parent of Bell Canada, CTV and related businesses has recorded $120 million of severance-related expenses in the fourth quarter. read more >>> Source : CTVNews.Ca
Europe’s top economic authorities warned Thursday of the dangers to the region from the slowdown in China, weak inflation and heightened geopolitical uncertainties. Mario Draghi, the head of the European Central Bank, said it was imperative that policymakers act swiftly to deal with low inflation, while the European Union downgraded its growth forecast for the […]
Former Governor of the Bank of England Lord King joins the board of directors at Premier League strugglers Aston Villa. read more >>> Source : BBC
MOSCOW, Feb 4 (Reuters) – Russia will spare no effort to ensure that a pause in the Syria peace talks held in Geneva is as short as possible, Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday. read more >>> Source : Reuters
* Sterling slips against euro as rate hike not seen soon (Adds market reaction, economist comment) read more >>> Source : Reuters
ConocoPhillips on Thursday reported a loss that was larger than analysts’ has expected and cut its quarterly dividend. read more >>> Source : CNBC.Com
Drones have been banned from flying within 32 miles of American Football’s Super Bowl, the Federal Aviation Administration (FAA) has said. read more >>> Source : BBC
Hotel solutions provider HRS has compared average hotel room rates worldwide over the last four years (2011 – 2015) and revealed that despite economic uncertainties during this period, the outlook for the UK hotel industry is largely positive with an overall increase in room rates by 26 per cent. In fact, London is one of […]
The Bank of England cuts its forecast for economic growth this year from 2.5% to 2.2%. read more >>> Source : BBC
HOUSE prices in Britain have surged to another jaw-dropping record high after leaping almost 10 per cent in the year to January, data shows. read more >>> Source : The Daily Express
A unanimous vote in the MPC: all 9 members voted against a change in rates. The one member that voted for a hike in the past changed his mind and aligned with the majority.The Bank of England lowered forecasts. The growth forecast is now 2.2% instead of 2.5%. They blame the global economy, which is […]
Several companies were hit by hours of system warnings after GPS satellites broadcasted the wrong time, according to time-monitoring company Chronos. read more >>> Source : BBC
By Adam Jourdan SHANGHAI (Reuters) – Yum Brands Inc , the home of KFC and Pizza Hut, is falling behind rival McDonald’s Corp as the pair battle to revive flagging sales in China – a headache for Yum as it looks to spin off operations in its biggest market. A Reuters analysis of same-store sales […]
Authorities in China are proclaiming a healthy job market, with the nation’s official unemployment rate last year standing at 4.2 percent. But some analysts are questioning the official unemployment statistics, arguing that the slowdown of the world’s second-largest economy has already, and will continue to, put pressure on its lopsided job market over the next […]
ISLAMABAD, Feb 4 (Reuters) – Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises it made to the IMF in return for a $6.7 billion bailout three years ago. read more >>> Source : Reuters
Words can hurt, even the well-meaning ones. Studies have shown that our perception of aging impacts just how well we handle it, and that the subtleties of our language matter. As such, we’d like to stomp out these phrases that demean older people — whether they are meant as compliments or not: 1. When a […]
TripAdvisor has announced it has expanded instant booking for hotels to nine English-speaking countries, including Australia, Canada, India, Ireland, Malaysia, New Zealand, Philippines, Singapore and South Africa. Travellers in these markets are now able to conveniently book a hotel on all of TripAdvisor’s platforms, desktop and mobile, without leaving the site. read more >>> Source […]
Energy industry regulator Ofgem is to examine a claim that charity Age UK has been promoting unfavourable gas and electricity deals in return for cash. read more >>> Source : BBC
How do Canada’s high-speed mobile networks compare to the rest of the world in terms of speed and coverage? A new report on LTE in 69 different countries provides some insights. read more >>> Source : CBC.Ca
Alphabet Inc said Wednesday its self-driving car project will expand testing to Kirkland, Washington later this month. read more >>> Source : CNBC.Com
LONDON, Feb 4 (Reuters) – Emerging equities snapped a two-day losing streak to jump 2.3 percent on Thursday and currencies rose against the dollar as the fading prospect of more near-term U.S. rate… read more >>> Source : Reuters
Microsoft has taken its messaging platform for connected things out of public preview. read more >>> Source : ZDNet.Com
The Bank of England not only sets the rates, but also releases the meeting minutes and publishes its Quarterly Inflation Report (QIR). Will it try to depress the recovering pound? Will we see a unanimous vote against raising rates? Join Valeria Bednarik and I for a live Carney Coverage after the big dollar dive: (If […]
Innovation and technology are helping to lessen the environmental impact of shipping. Sustainable Energy finds out how. read more >>> Source : CNBC.Com
* Orders of below 5 mln eur accounted for 80 pct of Q4 intake read more >>> Source : Reuters
By Michael Shields ZURICH (Reuters) – Credit Suisse reported its first full-year loss since 2008 after it took a big impairment charge for its investment banking business under new Chief Executive Tidjane Thiam. Shares fell more than 9 percent in early trading to hit their lowest level since 1992 after Switzerland’s second largest bank also […]
BEIJING (Reuters) – Hackers in China attempted to access over 20 million active accounts on Alibaba Group Holding Ltd’s Taobao e-commerce website using Alibaba’s own cloud computing service, according to a state media report posted on the Internet regulator’s website. read more >>> Source : Reuters
In a world of manic markets and discouraging economic prospects, more Canadians seem to be clinging to their cash. But if your liquid cash gets too lazy, analysts warn it could make things more difficult down the road. read more >>> Source : CBC.Ca
A United Nations panel has ruled that Wikileaks founder Julian Assange has been “arbitrarily detained,” the BBC reported on Thursday. No comment was immediately available from the United Nations in Geneva, where the U.N. Working Group on Arbitrary Detention has been considering a request by Assange for a ruling. Assange, 44, is wanted in Sweden […]
Expectations for any rise in UK interest rates have now all but collapsed for the next two years, a quarter point rise in rates now only fully priced in for 2018. read more >>> Source : EconomicTimes.IndiaTimes.Com
LONDON, Feb 4 (Reuters) – Stocks advanced in Europe and Asia on Thursday, with the focus on energy companies as speculation U.S. interest rates may not rise at all this year left the dollar nursing… read more >>> Source : Reuters
Draghi was dovish, the ECB’s monthly bulletin showed worries and the retail PMI remains in negative territory. Nevertheless, the common currency keeps taking advantage of the weak greenback and EUR/USD reaches new highs. Three things should have stopped the euro: Dovish Draghi: The president of the ECB showed his utmost determination to act in order […]
MOSCOW, Feb 4 (Reuters) – The Kremlin on Thursday declined to name a Russian military trainer killed in Syria this week and said Russian servicemen were still not taking part in ground operations in Syria. read more >>> Source : Reuters
Credit Suisse said it will accelerate its cost-cutting programme — read job cuts — after posting its first annual loss since 2008. The bank announced on Thursday that it took a CHF3.8 billion ($3.8 billion, £2.6 billion) impairment charge on assets in the fourth quarter, pushing the bank more than CHF2 billion in to the […]
Research has suggested that nearly half of those using dating websites or apps have been scammed or spammed. read more >>> Source : BBC
ONE of the founders of £170million smartphone technology firm SwiftKey sold off his stake just two weeks into the business’ birth in return for a BICYCLE, it has been claimed. read more >>> Source : The Daily Express
Credit Suisse reports its first annual loss since 2008 and announces that it is going to cut 4,000 jobs. read more >>> Source : BBC
Yesterday was not a good one for the dollar. If one looks at the dollar index vs. the US 2 year, the appearance is of a currency catching up with the message already baked into the bond market of a central bank that will struggle to raise rates again this year. The dollar was down […]