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
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 […]
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
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 […]
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 […]
LONDON, Feb 4 (Reuters) – Sterling could fall as much as 15-20 percent if Britain votes to leave the European Union, a scenario that could alarm foreign investors and dry up the capital inflows… read more >>> Source : Reuters
Stocks across Europe popped at the open on Thursday morning after a positive day in Asian markets, driven by a rally in the price of oil on Wednesday and overnight. The biggest winner in Western Europe so far this morning has been Britain’s FTSE100, which jumped as much as 1.45% in the first ten minutes […]
Royal Dutch Shell confirms it will cut 10,000 jobs amid its steepest fall in annual profits for 13 years. read more >>> Source : BBC
Feb 4 (Reuters) – Hong Kong stocks rose on Thursday as energy shares surged on a rebound in oil prices, while an overnight tumble in the U.S. dollar eased fears of capital outflows. read more >>> Source : Reuters
Royal Dutch Shell said fourth-quarter earnings tumbled 44 per cent as the collapse in oil prices took its toll on another European oil company. read more >>> Source : CTVNews.Ca
Britain’s Prime Minister David Cameron is fiercely trying to defend his draft deal with the European Union after the public, the opposition, and even members of his own party criticised it for lacking real substance. But he may have just got the best endorsement he needs to gather more support to his cause — the […]
Foreign exchange fluctuations were Lenovo’s biggest headache in Q3, Wong Wai Ming, CFO at the world’s biggest PC maker, told CNBC. read more >>> Source : CNBC.Com
* Lenders’ mission in Athens to assess reforms (Updates, releads, adds quotes) read more >>> Source : Reuters
As reports of a draft deal between the EU and the UK helped out the pound, the In/Out referendum is getting closer. Here is the view of Goldman Sachs on a potential impact of a “Brexit”: Here is their view, courtesy of eFXnews: Our base case forecasts for Sterling do not envisage that the UK […]
Japanese electronics firm Sharp posts a net loss of $918m (£630m) even as it considers multiple bailout offers. read more >>> Source : BBC
Finally markets have moved, and it was certainly against the dollar. We’ll naturally dive into the dollar dive, with new levels on charts and things to watch out for. 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 […]
Most Asian stocks jumped Thursday as oil prices bounced back and weak U.S. economic data fueled investor hopes that the Fed would slow the pace of rate hikes this year. Japanese shares fell as the yen rose against the dollar. read more >>> Source : CTVNews.Ca
The yuan weakened 1.2 percent against the euro at 7.2962, and also eased 1.6 percent against the Japanese yen , hovering at 5.5770 to 100 yen. read more >>> Source : EconomicTimes.IndiaTimes.Com
Tidjane Thiam, CEO of Credit Suisse, says there is a disconnect between share prices and value as a result of low oil prices. read more >>> Source : CNBC.Com
Sitting beside a decaying Soviet-built housing complex on the outskirts of Havana, the Rotondo de Cojima farm grows several thousand kilos a month of carrots, lettuce and root vegetables, part of Cuba’s drive to feed its people through organic farming. Like many of its Caribbean neighbors, communist-governed Cuba imports more than two-thirds of its food, […]
MEXICO CITY, Feb 4 (Reuters) – Mexico’s central bank is expected to hold borrowing costs steady on Thursday after inflation expectations improved despite a deep slump in the peso last month. read more >>> Source : Reuters
Twelve Pacific Rim countries have set the stage for what may become the world’s largest trading bloc. After more than five years of negotiations, ministers from Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam and the United States gathered in Auckland, New Zealand, Thursday to sign the Trans-Pacific Partnership (TPP) agreement. […]
A leading market figures tells the BBC the Governor of the Bank of England has confused markets by suggesting interest rates may rise – and then rowing back. read more >>> Source : BBC
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 Islamabad had made to the IMF in return for a $6.7 billion bailout three years ago. read more >>> Source : Reuters
Jose Canseco has entered the negative interest rate deabte. In a few tweets on Wednesday night, baseball great Jose Canseco offered his thoughts on the Bank of Japan’s new policy to institute a negative interest rate of -0.1% on some reserves parked at the bank. Additionally, as of trading on late Wednesday night in New […]
The workers who produce world famous Crown Royal whisky have voted in favour of a walkout to back their contract demands. read more >>> Source : CTVNews.Ca
Sharp board members have decided to give Foxconn preferred negotiating rights, a source familiar with the move said on Thursday. read more >>> Source : CNBC.Com
TOKYO, Feb 4 (Reuters) – Sharp Corp board members have decided to give Hon Hai Precision Industry Co preferred negotiating rights, choosing the Taiwan firm’s offer over a rescue plan from a Japanese state-backed fund, a source familiar with the move said on Thursday. read more >>> Source : Reuters
Sumner Redstone, the ailing 92-year-old media mogul who controls TV and movie powerhouses CBS and Viacom, has stepped down as executive chairman of CBS amid a courtroom battle over his health and mental capacity. CBS Chief Executive Leslie Moonves will replace him as chairman. read more >>> Source : CBC.Ca
MARINE CORPS AIR STATION MIRAMAR, Calif., Feb 3 (Reuters) – U .S. Defense Secretary Ash Carter said on Wednesday the U.S. military was keeping a vigilant eye on North Korea’s missile and nuclear programs, and was continually expanding its defenses against a possible missile attack by Pyongyang. read more >>> Source : Reuters
After graduating from the University of Wisconsin, I moved to Chicago to pursue comedy, using a carefully and brilliantly devised strategy. By day, I’d find my inspiration in hip and trendy coffee bistros and on El trains, gazing out at the quickly passing cityscape. By night, I’d play at open mics, only to catch the […]
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_02042016.pdf FACTORS TO WATCH 9:30 am: Junior Finance Minister Jayant Sinha, World… read more >>> Source : Reuters
Mester had told Reuters in an interview early last month that she prefers a slightly quicker rate hike pace. read more >>> Source : EconomicTimes.IndiaTimes.Com
By Rebecca Howard WELLINGTON (Reuters) – The Trans-Pacific Partnership, one of the world’s biggest multinational trade deals, was signed by 12 member nations on Thursday in New Zealand, but the massive trade pact will still require years of tough negotiations before it becomes a reality. The TPP, a deal which will cover 40 percent of […]
One of Australia’s largest energy says it is winding down its coal seam gas operations, citing falling oil prices and long development times. read more >>> Source : BBC
Oil extended gains on Thursday, as a weaker dollar and unconfirmed talk of producers potentially meeting to discuss output cuts lifted the market. read more >>> Source : CNBC.Com