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* MSCI world share index down for 5th day as Asia, Europe slides read more >>> Source : Reuters

The price of oil plunged to another historic low on Wednesday morning as global geopolitical tensions grow, the volatility of Chinese markets continues, and the global glut of oil gets even bigger. As of 10:30 a.m GMT (5:30 a.m ET) the price of Brent crude, the European benchmark, slipped to exactly $35 per barrel — […]

Growth in the UK service sector fell slightly in December, but remained “solid”, a closely watched survey suggests. read more >>> Source : BBC

Following a year of pain for the energy sector, there are no signs of recovery as 2016 begins, but optimism dies hard in the oilpatch. read more >>> Source : CBC.Ca

The Australian and New Zealand dollars, among those most sensitive to Chinese growth and markets, both sank more than 1 percent on the back of the yuan move. read more >>> Source : EconomicTimes.IndiaTimes.Com

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