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Unemployment in the eurozone has fallen to its lowest level in over four years despite worries about the global economy. read more >>> Source : BBC

SUPERMARKET giant Sainsbury’s has offered to buy Argos owner Home Retail Group for £1.3billion, in what is tipped as a move to fight against Amazon huge online dominance. read more >>> Source : The Daily Express

* Goldman says devaluation chance may reach 80 pct in 3 years (Recasts with analysis, context) read more >>> Source : Reuters

British oil company BP said fourth-quarter earnings plunged 91 percent because of sharp declines in oil prices. read more >>> Source : CBC.Ca

Exxon reported a steep drop in earnings as low oil prices hurt results at the world’s largest publicly traded oil company. read more >>> Source : CNBC.Com

Stock futures are lower on Tuesday morning as oil prices continue sliding. Following a flattish close on Monday, Dow futures were down about 111 points near 7:40 a.m. ET, S&P 500 futures were down 13 points, and Nasdaq futures were off 31 points. All the indexes were close to a 1% decline. Crude oil was […]

Privatisation of state owned Russian companies is being considered by President Putin to make up the shortfall from falling oil prices. read more >>> Source : BBC

The dollar was weaker against the yen during Asian trade today, as a decline in oil prices overnight capped gains in the greenback. read more >>> Source : EconomicTimes.IndiaTimes.Com

* Shares up 3.3 pct at $44 premarket (Adds details, background) read more >>> Source : Reuters

Mattel has reported a surprise increase in quarterly net sales; the first time it has managed that in over two years. That was thanks to a recovery… read more >>> Source : EuroNews.Com

The Tehran Stock Exchange has rallied to a one year high in the wake of Iran’s landmark nuclear deal with world powers last summer. read more >>> Source : CTVNews.Ca

GENEVA, Feb 2 (Reuters) – Swiss National Bank Chairman Thomas Jordan said on Tuesday that the country’s currency remains “significantly overvalued” compared to the euro and that the central remains… read more >>> Source : Reuters

European Council President Donald Tusk discusses proposals to protect non-euro zone countries from deeper euro zone integration. read more >>> Source : CNBC.Com

After yesterday’s late-day surge in equities failed to produce a positive close, risk appetite is having a déjà vu moment with high-yielding asset classes under pressure ahead of the opening bell in North America. The Reserve Bank of Australia met overnight, and as expected decided to maintain its overnight lending rate at 2.0%, along with […]

Dow Chemical says low energy costs are a “net benefit”. The maker of plastics and chemicals reported fourth-quarter earnings results on Tuesday morning that topped analysts’ expectations. It’s no surprise that while other firms exposed to the energy sector are getting slammed and expecting further losses, Dow Chemical is hoping to continue cashing in from […]

London’s leading shares fall in Tuesday trading, as poor results from oil giants weigh on the market. read more >>> Source : BBC

Air Transat’s pilots have voted almost unanimously to support a strike that would hit the vacation airline just before the busy March Break travelling season, if the two sides can’t come to terms before then. read more >>> Source : CTVNews.Ca

Intense negotiations over the weekend have resulted in some kind of draft agreement between the European Union and the UK. While the agreement is vague on various matters, actually getting to a draft agreement and a few wins there for UK PM Cameron have some influence. GBP/USD is rebounding from the lows seen after the […]

* At least 80 busloads of migrants stranded on road to border read more >>> Source : Reuters

GENEVA, Feb 2 (Reuters) – Swiss National Bank Chairman Thomas Jordan said on Tuesday that the country’s currency remains “significantly overvalued” compared to the euro and that the central remains… read more >>> Source : Reuters

Don’t rule out adjustable-rate mortgages as interest rates rise. read more >>> Source : BankRate.Com

AMSTERDAM, Feb 2 (Reuters) – Dutch police puzzling over how to remove drones that pose a public safety threat are testing a way to get the job done in one fell swoop – with trained eagles. read more >>> Source : Reuters

Scottish Power cuts the price of its standard gas tariff by 5.4% from 15 March, the third of the big suppliers to do so this year. read more >>> Source : BBC

China’s central bank and banking regulator said they would adjust mortgage policy regulations for home buyers in some cities. read more >>> Source : CNBC.Com

US stocks clawed back their opening losses into the NY close on the back of comments from Fed vice chair Fisher, who suggested that the Fed does not have a pre-determined path for rates. The comment also weighed on the dollar into the close. It was no great surprise to see the RBA keeping rate […]

By Ben Hirschler LONDON (Reuters) – Index Ventures, an early investor in technology hits like Skype and Dropbox, is spinning off its biotech portfolio into a new $1 billion (695 million pounds) business, with backing from drug giants GlaxoSmithKline and Johnson & Johnson . The new Medicxi Ventures business will be led by the existing […]

In less than a month, big changes are coming that will usher in a new era of pick-and-pay television, including a cheap “skinny” basic TV package. But it appears none of the major cable and satellite TV companies wants to talk about it. read more >>> Source : CBC.Ca

British Services PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the services sector. Respondents are surveyed for their view of the economy and business conditions in the UK. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible […]

MOSCOW, Feb 2 (Reuters) – Foreign investors are welcome to take part in Russian privatisation, Kremlin spokesman Dmitry Peskov told reporters on Tuesday. read more >>> Source : Reuters

British oil company BP said fourth-quarter earnings plunged 91 per cent because of sharp declines in oil prices. BP reported Tuesday that underlying replacement cost profit fell to $196 million from $2.2 billion in the same quarter a year earlier. read more >>> Source : CTVNews.Ca

By Dmitry Zhdannikov LONDON (Reuters) – After a year of secret diplomacy and hushed-up private talks around the world, OPEC’s mighty Saudi Arabia and rival Venezuela were persuaded to cut a deal by non-OPEC Mexico which overcame mutual acrimony and led to a much-needed rise in oil prices. It was 1998, trust had long broken […]

LISBON, Feb 2 (Reuters) – A bomb threat on a plane preparing to leave Faro airport in Portugal’s southern region of Algarve for Lisbon forced the evacuation of its 38 passengers early on Tuesday, a spokesman for the country’s flag carrier TAP said. read more >>> Source : Reuters

Amrita Sen, chief oil analyst at Energy Aspects Ltd, says the correlation between oil and stock prices is an unhealthy situation. read more >>> Source : CNBC.Com

National Australia Bank was meant to launch its IPO of its UK lender Clydesdale Bank on Tuesday but instead it told the market that it is shelving the float for 24 hours. Why? Because a credit rating agency got in touch and launched a “specific request … for certain financial information relating to its assessment […]

Nintendo Co. reported a 36 per cent drop in quarterly profit after lacklustre video game sales for the year-end holiday shopping season. read more >>> Source : CTVNews.Ca

Asian shares fell on Tuesday as crude oil prices slid on oversupply fears and after downbeat manufacturing data raised concerns about sluggish global economic growth. Spreadbetters predicted European bourses would follow Asia lower, with IG predicting Britain’s FTSE 100 would start trading down 0.6 percent. Germany’s DAX was seen falling 0.7 percent, and France’s CAC […]

Oil giant BP announces its full-year profits are down by more than half, but it maintains its dividend for the quarter. read more >>> Source : BBC

The Reserve Bank of Australia came back from the summer holiday in the land down under and left the interest rate unchanged at 2%, as widely expected. While the recent market turmoil and worries about China may have added some easing bias, domestic indicators including the inflation mandate looked quite healthy. So what was in […]

LONDON (Reuters) – BP on Tuesday reported an annual loss of $6.5 billion (4.5 billion pounds) in 2015, its worst in at least 20 years as the British oil and gas company struggled with a sharp downturn in the oil market. Underlying replacement cost profit, BP’s definition of net income, for the fourth quarter of […]

SHANGHAI, Feb 2 (Reuters) – China stocks bounced more than 2 percent on Tuesday, led by small-caps, but some analysts said thin trading volume suggests the rebound could be short-lived. read more >>> Source : Reuters

BAKU, Feb 2 (Reuters) – Azerbaijan’s central bank said on Tuesday it had revoked the banking licence of medium-sized lender Texnikabank. read more >>> Source : Reuters

The Non-Farm Payrolls is the highlight of this week’s trading calendar. Here is the view from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: Employment growth likely slowed in January with nonfarm payrolls rising by 170,000. This follows a robust 2015 finish, as jobs increased by an average of 284,000 in […]

LONDON, Feb 2 (Reuters) – Coffee shops, burger bars and clothes stores are among the foreign businesses in China that say they are thriving despite the economic slowdown that is hurting the manufacturing sector. read more >>> Source : Reuters

Shares in the Clydesdale Bank will not start trading on the London Stock Exchange on Tuesday, following its demerger. read more >>> Source : BBC

European airline easyJet has unveiled its plans for a zero emissions hydrogen fuel system. read more >>> Source : CNBC.Com