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Abalones, or marine snails, are a much sought-after delicacy in Asia with demanding peaking around the Chinese new year – and many are sourced from South Africa. read more >>> Source : BBC

Go anywhere near the upper echelons of a bank or finance firm right now and there’s one buzzword you’ll hear over and over again — blockchain. First invented to underpin bitcoin, blockchain technology uses decentralized record keeping and the scrutiny of the “crowd” to allow people to trade bitcoin on a public network without working […]

The first Non-Farm Payrolls for 2016 comes amid growing worries about the US economy, a big push back in rate hike expectations and after a significant dollar sell-off. Will an OK report be enough to stabilize the dollar? Not necessarily. Preview: trading the NFP with EUR/USD and you’re welcome to watch it live here: Trade […]

BEIJING, Feb 5 (Reuters) – A total of 49 people have been detained in connection with chemical blasts in the Chinese port city of Tianjin last August that killed 165 people, the government said in a report on Friday while putting losses at more than $1 billion. read more >>> Source : Reuters

FEARS over the scale of China’s terrifying debt bubble is building, as experts warn a collapse points to devastating consequences for Britain. read more >>> Source : The Daily Express

The US dollar begins the last day of the week with a small correction and some stability after the big sell-offs seen on Wednesday and Thursday. All eyes are on the first Non-Farm Payrolls report for 2016, with real expectations slightly lower than the official ones at 190K. Wages are also predicted to slide to […]

A Japanese volcano about 50 km (30 miles) from a nuclear plant erupted on Friday, Japan’s Meteorological Agency said. read more >>> Source : CNBC.Com

MOSCOW, Feb 5 (Reuters) – Russian Finance Minister Anton Siluanov said on Friday that the supervisory board of the ailing state development bank Vnesheconombank, or VEB, will discuss at the end of… read more >>> Source : Reuters

YEREVAN, Feb 5 (Reuters) – Armenia’s foreign exchange reserves totalled $1.740 billion at the end of January, down from $1.771 billion a month earlier, the country’s central bank said on Friday. read more >>> Source : Reuters

What will Chinese people be stocking up on for the start of the new year? read more >>> Source : BBC

The charity Age UK is facing further criticism – this time for selling insurance deals that may not be the best value for money. read more >>> Source : BBC

BEIRUT, Feb 5 (Reuters) – The commander of a U.S.-supported Syrian rebel group said on Friday the northern countryside of Aleppo province was completely encircled by Syrian government forces and its allies and heavy Russian bombardment continued. read more >>> Source : Reuters

American vacation destinations are trying to entice Canadian travellers by offering big bargains to help make up for the sinking loonie. read more >>> Source : CBC.Ca

AUDUSD rallied through its key resistance at the 0.7140 level on Wednesday and followed through higher on Thursday. This leaves risk of more strength on the cards. On the downside, support resides at the 0.7200 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run […]

LONDON, Feb 5 (Reuters) – The wait for U.S. monthly jobs numbers steadied stock markets on Friday and allowed the dollar to recover after its worst week in more than six years. read more >>> Source : Reuters

Another day, another two scalps for the commodity price crash. Two huge resources firms reported results on Friday, and you can add both to the pile of giants getting crushed by the falling price of raw materials. ArcelorMittal, the world’s biggest steelmaker, and BG Group, the FTSE 100-listed oil giant, both took big hits last […]

Job prospects for women are looking increasingly bleak as the so-called fourth industrial revolution puts female-dominated industries at imminent risk. In Canada, where the traditional gender employment divide persists, that could mean a big hit to the economy. read more >>> Source : CTVNews.Ca

ATHENS/SHANGHAI, Feb 5 (Reuters) – China’s COSCO is expected to make an offer for Greece’s rail network after becoming the sole bidder for the country’s largest port, two people familiar with the matter said, as the state owned shipping giant forges ahead with a plan to build a European transhipment hub. read more >>> Source […]

OSAKA, Japan (Reuters) – Foxconn should be able to reach a deal to acquire Sharp Corp over the next two to three weeks, after the two firms reached a consensus on most points at a meeting on Friday, Chief Executive Officer Terry Gou said. Foxconn, known formally as Hon Hai Precision Industry Co , has […]

But the survey of over 50 currency strategists taken this week suggested a sharp depreciation of the yuan, at least by June, was unlikely. read more >>> Source : EconomicTimes.IndiaTimes.Com

The local unit resumed lower at 67.65 per dollar as against yesterday’s closing level of 67.55 at the Interbank Foreign Exchange (Forex) market. read more >>> Source : EconomicTimes.IndiaTimes.Com

Feb 5 (Reuters) – Engineering supply group Premier Farnell Plc said it would sell its industrial products unit Akron Brass to U.S.-based IDEX Corp for $224.2 million in cash, sending its shares up as much as 10 percent. read more >>> Source : Reuters

Oil and gas firm BG Group, whose takeover by Royal Dutch Shell is almost complete, reports a rise in its in final full-year earnings. read more >>> Source : BBC

BAKU, Feb 5 (Reuters) – Azerbaijan’s central bank said it sold a total of $18.37 million on the foreign exchange market on Friday to support the national manat currency. (Reporting by Nailia… read more >>> Source : Reuters

You might think people are happiest in their jobs in the big capitals of Europe, such as London or Berlin. But those political and financial centres fail to get in to the top locations for happy worker, according to a study from the European Commission. European citizens were asked a range of questions about the […]

by Rod Collins, Director of Innovation at Optimity Advisors What are your organization’s most important assets? What is your company’s primary means for creating value? What defines the true valuation of your enterprise? If you were to look at your business’s financial statements, you might assume it’s the value of your plant, property, and equipment. […]

Feb 5 (Reuters) – Halma Plc, a health and safety device maker, said it had bought CenTrak Inc, a privately owned maker of sensors, for about $140 million (95.9 million pounds), expanding its footprint in the U.S. healthcare market. read more >>> Source : Reuters

ArcelorMittal slumps to an annual loss of almost $8bn (£5.4bn) as the world’s biggest steelmaker is hit by plunging commodity prices. read more >>> Source : BBC

The US dollar continued suffering but now enjoys some respite as the tension towards the NFP provides a temporary calm. What can we expect from the big event? Will the dollar continue suffering? And what’s ahead next week?. Join me for a live market open, hosted by FXStreet: walking though recent developments and their impact […]

BEIJING, Feb 5 (Reuters) – China will continue to crack down on illegal foreign exchange activities but won’t revert back to “old road” of capital controls, an official of the country’s foreign… read more >>> Source : Reuters

Oil prices have plunged by over 70% since the summer of 2014. Energy giants are suffering as British companies like BP reported a 51% fall in profits and are cutting 7,000 jobs as a result. However, Bank of England deputy governor Ben Broadbent told BBC Radio 5live’s Wake Up To Money this morning that the […]

Antonin Jullier, global head of equity trading strategy at Citi, discusses the impact of the deal between Royal Dutch Shell and BG. read more >>> Source : CNBC.Com

The recent big moves in forex markets created opportunities and interesting patterns on the charts. Here are the views from SocGen: Here is their view, courtesy of eFXnews: EUR/USD retested last March levels (1.0570/1.05) and also the multi decadal channel back in November after which it has embarked on a recovery. This week it has […]

* Q4 GDP -1.83 pct q/q, vs +3.36 pct Q3 (Adds more detail on govt spending and policy context) read more >>> Source : Reuters

WINNIPEG, Manitoba, Feb 5 (Reuters) – The Canadian dollar’s recent fall threatens Quebecor Inc’s bid to bring back Quebec City’s beloved National Hockey League franchise, the Nordiques, by increasing… read more >>> Source : Reuters

Asian stock markets were uneven on Friday as investors awaited U.S. job numbers that could influence how far the Fed raises interest rates this year. Japanese shares sagged on the strengthening yen. read more >>> Source : CTVNews.Ca

Aging media mogul Sumner Redstone stepped down as executive chairman of Viacom on Thursday and was replaced by CEO Philippe Dauman, a move that immediately disappointed investors. read more >>> Source : CBC.Ca

NELLIS AIR FORCE BASE, Nev., Feb 4 (Reuters) – The Pentagon’s fiscal 2017 budget will propose a $1 billion boost in spending on advanced training for the U.S. Air Force over the next five years, U.S. Defense Secretary Ash Carter said on Thursday. read more >>> Source : Reuters

By Lucia Mutikani WASHINGTON (Reuters) – U.S. employment gains likely slowed in January as the boost to hiring from unseasonably mild weather faded, but an expected rebound in wages and a steady jobless rate will suggest the labor market recovery remains firm. Nonfarm payrolls probably increased by 190,000 jobs last month, according to a Reuters […]

The rupee declined 9 paise to 67.66 against the US dollar in early trade on Friday even as a spate of weak US economic data raised questions over the US Fed’s intentions behind the December rate hike, making further rate hikes look out of the question for now. read more >>> Source : EconomicTimes.IndiaTimes.Com

The fall in oil prices has been a “net good” for the economy, Bank of England deputy governor Ben Broadbent tells the BBC. read more >>> Source : BBC

Cara Foods, the owner of such restaurants as Harvey’s, Swiss Chalet, Kelsey’s and East Side Mario’s, will switch to cage-free eggs in its entire supply chain by 2020. read more >>> Source : CTVNews.Ca

NELLIS AIR FORCE BASE, Nevada, Feb 4 (Reuters) – The U.S. Air Force will deploy four Lockheed Martin Corp F-35 fighter jets to a different U.S. air base this month as it assesses whether the new warplane can be declared combat-ready by August as planned, a senior officer told Reuters on Thursday. read more >>> […]

Above is the standard form letter being sent to Verizon customers in multiple states to shut off their current working copper-based telecommunication service. And below is a list of the state agencies (and FCC) to contact if you have a ‘complaint’ about it. Essentially it is nine states — most of the East Coast, from […]

* Yen close to two-week high, as BOJ-inspired gains evaporate read more >>> Source : Reuters