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
LAS VEGAS (AP) — The automotive future according to a new electric car maker looks an awful lot like a Corvette crossed with the Batmobile. California-based Faraday Future debuted its sleek electric concept racecar Monday night during the annual CES show that focuses on consumer gadgets and has increasingly become a way for carmakers to […]
SHANGHAI (Reuters) – China’s industry and commerce regulator has asked Microsoft Corp to explain “major issues” that it says have come to light from digital data obtained as part of an anti-trust investigation. read more >>> Source : Reuters
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
Millions of HSBC customers are experiencing further problems with online banking, following several hours of disruption on Monday. 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
SAN FRANCISCO (Reuters) – General Motors Inc said on Monday it will invest $500 million in Lyft Inc and laid out plans to develop an on-demand network of self-driving cars with the ride-sharing service. read more >>> Source : Reuters
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 […]
Group controlled by China’ s richest man is in talks to buy Legendary Entertainment, the company behind ‘Straight Outta Compton,’ the FT reports. read more >>> Source : CNBC.Com
* BOC Aviation reported record profit in H1 2015 (Adds analyst quotes, IPO milestone, industry details) read more >>> Source : Reuters
It turns out that thanks to a glut of crude, even tension between two big oil-producing countries isn’t enough to drive prices higher. read more >>> Source : CTVNews.Ca
Prelude Excerpt from: On October 15th, 2002 — over 13 years ago — AT&T filed a Petition with the FCC to investigate the “special access” services that are controlled by the “Bell” companies, now AT&T, Verizon and Centurylink. The above quote supplies two of the section headings from the Petition’s Table of Contents. I’ll get […]
The Chinese government is buying up shares to prop up its stock markets, repeating a tactic used during last year’s meltdown. The so-called “National Team” is injecting cash into the market after Monday’s 7% crash, according to a report by Bloomberg News. The government is also preparing to extend a ban on short selling – […]
Retailer Next blames the warm weather in November and December for a “disappointing” trading performance in the run-up to Christmas. read more >>> Source : BBC
Facebook-owned Oculus will release its virtual reality (VR) Rift headset to consumers for pre-order on Wednesday. read more >>> Source : CNBC.Com
Jan 5 (Reuters) – Motoring group AA Plc said it had launched a connected-car joint venture which would allow it to provide faster roadside assistance by pre-empting and diagnosing breakdowns. read more >>> Source : Reuters
The electric car start-up Faraday Future reveals an ambitious concept car as it reveals its intentions to the world. read more >>> Source : BBC
After a sour start to 2016 which saw safe haven currencies gain, we had a strengthening of the greenback across the board and perhaps some stability. What’s next? 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, […]
NEW DELHI, Jan 5 (Reuters) – The day before a deadly assault on an air base in northern India, a police officer returning from a temple was abducted by a group of heavily armed men speaking Urdu, he said on Tuesday. read more >>> Source : Reuters
Most Asian stock markets inched higher Tuesday as China’s benchmark stabilized a day after plunging nearly 7 per cent. read more >>> Source : CTVNews.Ca
Stock markets in Asia were largely even in Tuesday trading, a day after a huge selloff in China was followed by big slumps in European and U.S. stocks. Indexes in China opened sharply lower Tuesday, but quickly rebounded in the first half-hour and fluctuated just above and below Monday’s close. There was no such rebound […]
Magazine Charlie Hebdo is set to mark the first anniversary of the attacks on its Paris offices with a special edition. read more >>> Source : CNBC.Com
SINGAPORE, Jan 5 (Reuters) – Bank of China has hired Goldman Sachs and BOC International as joint sponsors for the planned Hong Kong listing of its aviation arm, expected to raise about $3 billion, people with knowledge of the matter said. read more >>> Source : Reuters
Rodger Shanahan, research fellow at the Lowy Institute, says the conflict between Saudi Arabia and Iran will be maintained at the diplomatic level, and is just a part of a long-term rivalry. read more >>> Source : CNBC.Com
Separating the Hip from the Hype… 2-0-1-6 – what do those numbers even mean? When you think about it, it’s funny how we delineate our passage on this earth by a rolling count of digits, like the mileage odometer on an automobile that marks out the wear and tear. Each click another year closer to…tick tick tick. […]
The China-backed electric car company Faraday Future shows off a concept electric car that provides augmented reality views. read more >>> Source : BBC
HK leader Leung Chun-ying said there was no indication that China was involved with the five missing booksellers who specialized in critical publications of China. read more >>> Source : CNBC.Com
Post-company split, Hewlett Packard Enterprise is even more focused on the storage market, in particular flash as adoption grows. read more >>> Source : ZDNet.Com
LAS VEGAS (Reuters) – Ford Motor Co said Tuesday it plans to triple to 30 the size of its fleet of self-driving test cars as part of an effort to accelerate autonomous vehicle development. read more >>> Source : Reuters
LAS VEGAS (Reuters) – Nvidia Corp. unveiled a new, lunchbox-size super-computer for self-driving cars and said Volvo Car Group will be the new device’s first customer. read more >>> Source : Reuters
The tech company has reportedly shuttered its dedicated on-demand streaming service, opting instead to spread its content across multiple internal platforms. read more >>> Source : ZDNet.Com
LAS VEGAS, Jan 4 (Reuters) – Start-up electric car venture Faraday Future on Monday previewed a technology-heavy concept race car it hopes to develop into a range of connected vehicles that can challenge luxury rivals like Tesla and Audi in the growing global market for non-gasoline cars. read more >>> Source : Reuters
An Indianapolis restaurant manager is earning praise on social media for telling off an irate customer who wrote a scathing review about her New Year’s Eve dinner. Diner Holly Jones was angry because someone at the restaurant suffered a heart attack, which she said “ruined” her celebratory meal at Kilroy’s Bar & Grill. “I guess […]
The rupee rose by 11 paise to 66.50 against the US dollar in early trade on Tuesday, as currency markets globally stabilised a bit following Monday’s sharp fall on China woes. read more >>> Source : EconomicTimes.IndiaTimes.Com
Windows users who also have an Android smartphone will soon be able to control their phone from the desktop. read more >>> Source : ZDNet.Com
We spend 15-20 years in educational establishments learning the skills that are supposedly going to land us the jobs that will help us create the life we want. The only problem is that formal education doesn’t really teach us about mindset, dealing with people or about how to react in times of adversity, all of […]
The dollar was flat at C$1.3911 after surging roughly 1 percent to as high as C$1.3983 against the loonie overnight. read more >>> Source : EconomicTimes.IndiaTimes.Com