Former Turing Pharmaceuticals Chief Executive Officer Martin Shkreli invoked his Fifth Amendment right against self-incrimination and declined to answer questions on Thursday from U.S. lawmakers interested in why the company raised the price of a lifesaving medicine by 5,000 per cent. read more >>> Source : CBC.Ca
“I’m seeing a huge momentum for our company which we believe will continue in 2016”, Daimler’s chairman said. read more >>> Source : CNBC.Com
China’s yuan will chip away at the US dollar’s dominance over the next decade but is unlikely to supplant it as the world’s top currency. read more >>> Source : EconomicTimes.IndiaTimes.Com
Pharmaceutical chief Martin Shkreli has arrived at a hearing where U.S. lawmakers want to hear from about severe hikes for a drug sold by a company that he acquired. read more >>> Source : CTVNews.Ca
Image source: photodune Admit it. We’ve all invested hours into crafting the perfect catchy title and compelling hook for a blog post on a trending topic and thought, “This is it! I’m finally going viral! Internet, here I come!” The inevitable result: our content gets a handful of shares and retweets only to slowly fade […]
Oil-dependent Saudi Arabia and Russia are getting more desperate, oil expert Daniel Yergin tells CNBC. read more >>> Source : CNBC.Com
* Canadian dollar at C$1.3680 or 73.10 U.S. cents * Currency touches its strongest since Dec. 11 at C$1.3640 * Bond prices higher across the maturity curve TORONTO, Feb 4 (Reuters) – The Canadian… read more >>> Source : Reuters
Feb 4 (Reuters) – Online food order and delivery company GrubHub Inc reported better-than-expected quarterly revenue as more diners used its services to order meals. read more >>> Source : Reuters
Of the 50 richest people in the world, most built their wealth up from nothing, creating some of the most powerful companies out there — including Amazon, Berkshire Hathaway, Nike, and Google — along the way. The 25 richest self-made billionaires on earth have accrued more than $850 billion combined, each with a personal net […]
Like it or not you can’t ignore it – Facebook is 12 years old. In that time it has grown to become a dominant force on the internet, the largest… read more >>> Source : EuroNews.Com
The interim CEO of Valeant, Howard Schiller, will testify before Congress on Thursday, and his written statement is already out in the internet ether. It’s long, but there are three main points. We hired consultants, and they’re the ones who told us to increase prices. Price increases don’t impact patients as much as hospitals because […]
Every year I have a digital free holiday. Let me explain what I mean. A few years ago I turned off my phone and travelled around Myanmar (Burma) for three weeks. There was no point in taking my phone with me as there is very little phone or wifi access. Scary, yet liberating at the […]
The Canadian dollar was trading above 73 cents US this morning for the first time since December. read more >>> Source : CBC.Ca
The US dollar suffered its worst losses in seven years on Wednesday, as oil prices rebounded more than 5% and equities stabilized in North America. This most recent course-correction was the result of news that Russian leaders had agreed to meet with OPEC to discuss cutting output to stabilize per barrel prices. The EUR/USD rate […]
DUBAI, Feb 4 (Reuters) – Saudi Arabian Airlines (Saudia), said a bomb scare that grounded its Riyadh-bound flight from Madrid on Thursday was a false alarm. read more >>> Source : Reuters
Daimler says it expects slower sales growth for its Mercedes cars in China this year. That follows a surge in demand which helped the German… read more >>> Source : EuroNews.Com
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
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 […]
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
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
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 […]