Many Canadians who got deals on U.S. homes when the loonie was high are now rushing to sell them to cash in on a double bonus: rising U.S. house prices and the tanking loonie. read more >>> Source : CBC.Ca
The oil market has been on a tear for the past week. The WTI price, a benchmark for oil, is back above $33 a barrel after touching lows below $28. The market is speculating over whether the OPEC nations, which control most of the world’s oil, are planning on an output cut. It was enough […]
A government minister has insisted that letters sent to women informing them of changes to their state pension age were clear. read more >>> Source : BBC
Chinese police arrested 21 employees at China’s largest online finance business on suspicion of fleecing 900,000 investors of $7.6 billion, in what could be the biggest financial fraud in Chinese history. read more >>> Source : CTVNews.Ca
MOSCOW, Feb 1 (Reuters) – Annual inflation in Russia probably fell below 10 percent in January, Interfax news agency quoted Russian Economy Minister Alexei Ulyukayev as saying on Monday. read more >>> Source : Reuters
Rolls-Royce announces a $2.7bn (£1.9bn) order to manufacture and service Boeing 787 Dreamliner engines for Norwegian. read more >>> Source : BBC
* Nokia, Alcatel-Lucent shares both drop 10 pct (Adds share reaction, analyst comments) read more >>> Source : Reuters
BEIJING, Feb 1 (Reuters) – A former BMW AG executive will lead the electric car joint venture of Taiwan’s Hon Hai Precision Industry Co Ltd, China’s Tencent Holdings Ltd and China Harmony Auto Holding Ltd, the company said on Monday. read more >>> Source : Reuters
It’s PMI day in Europe, meaning that we get a good look at how the continent’s manufacturing sector performed in the first month of 2016. PMI readings give industry a score between 0-100, with anything above 50 signalling growth, and anything below showing a contraction. On Monday morning, we’re expecting data from Italy, France, Germany, […]
As the Chinese economy slows down and the renminbi devalues, people are pulling their money out of China. But it’s not until you see how much money is fleeing China that you realise just how dramatic the intensity of capital flight has become. Here is a chart from CLSA, in billions: That’s more than $200 […]
Chinese police arrested 21 employees at China’s largest online finance business on suspicion of fleecing 900,000 investors for $7.6 billion, in what could be the biggest financial fraud in Chinese history. read more >>> Source : CBC.Ca
When it comes to trading, you may very well be your worst enemy at times. Right before you get into a trade, you are level-headed, calculating, and pragmatic. You analyze the various scenarios and make a no nonsense decision. Then the trade goes live and you turn into the kid in front of the ice […]
BT reports a “standout quarter” with pre-tax profits up 24% to £862m in the three months to the end of December read more >>> Source : BBC
* Announces 800 mln euro share buyback (Adds quotes on profit outlook, buyback plans) read more >>> Source : Reuters
Ryanair maintains its full-year forecast and announces an €800m euros ($867m; £609m) share buyback. read more >>> Source : BBC
Chinese stocks fell Monday after a weak manufacturing report while Japan extended gains following its central bank’s introduction of a negative interest rate policy to boost lending by banks. Other markets were mixed. read more >>> Source : CTVNews.Ca
DUBAI, Feb 1 (Reuters) – Dubai International Airport remained the world’s busiest for international passengers in 2015 as traffic grew 10.7 percent, boosted by the addition of new airlines and routes, the airport’s operator said on Monday. read more >>> Source : Reuters
Meanwhile, the benchmark BSE Sensex regained the crucial 25,000-mark by rising 131.63 points, or 0.52 per cent to 25,002.32 in early trade. read more >>> Source : EconomicTimes.IndiaTimes.Com
Boarding a flight out of Hong Kong just got cheaper, after the city scrapped an old fuel surcharge on Monday. read more >>> Source : CNBC.Com
* China data not bad enough to provide lift for safe-haven yen read more >>> Source : Reuters
Chinese manufacturing ebbed in January to its lowest in more than three years, a possible sign of further weakness in the world’s No. 2 economy after posting its slowest annual growth in a quarter century. read more >>> Source : CTVNews.Ca
TAIPEI, Feb 1 (Reuters) – Chinese passengers will be able to transit through Taiwan and fly onwards to a third destination starting Monday, signalling a step toward greater transportation links between the two political enemies. read more >>> Source : Reuters
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_02012016.pdf FACTORS TO WATCH 12:00 noon: LIC Chairman S.K. Roy to launch… read more >>> Source : Reuters
Private data on Monday showed activity in China’s factory sector shrink for an 11th straight month in January, but at a slightly slower pace than in December. read more >>> Source : EconomicTimes.IndiaTimes.Com
Toyota, the world’s top-selling automaker, will stop producing vehicles at all assembly lines across Japan for an entire week because of a parts shortage. read more >>> Source : CNN Money
Activity in China’s manufacturing sector contracts for the sixth month in a row in January, hitting its lowest level since 2012. read more >>> Source : BBC
SHANGHAI (Reuters) – Activity in China’s manufacturing sector contracted at its fastest pace in almost three-and-a-half years in January, missing market expectations, an official survey showed on Monday. The official Purchasing Managers’ Index (PMI) stood at 49.4 in January, compared with the previous month’s reading of 49.7 and below the 50-point mark that separates growth […]
By Paul Foster, Senior Director, Creative Content at Getty Images As the January blues set in and the winter layers build-up, we find ourselves reminiscing about the year that has passed; however, 2016 has a myriad of visual delights to look forward to, as the advertising industry prepares for a year dominated with images depicting […]
* China data not bad enough to provide lift for safe-haven yen read more >>> Source : Reuters
By Samuel Shen and Pete Sweeney SHANGHAI (Reuters) – Chinese shares got off to a halting start on Monday after an official measure of activity in the giant factory sector fell to its lowest since mid-2012, offering no respite from the economic drift that has dogged markets for months. The official version of the PMI […]
HSBC is imposing a hiring and pay freeze across the bank globally in 2016, two sources familiar with the matter told Reuters. read more >>> Source : CNBC.Com
SEOUL, Feb 1 (Reuters) – South Korea’s Hyundai Merchant Marine Co Ltd (HMM) plans to seek another buyer for its majority stake in stock brokerage Hyundai Securities Co Ltd , an HMM spokesman said on Monday. read more >>> Source : Reuters
Two major global banks, Barclays and Credit Suisse, are paying a combined $154.3 million to settle government investigations that they misled clients about being able to safely trade on their “dark pool” financial exchanges, the Securities and Exchange Commission and the New York Attorney General’s office said Sunday. read more >>> Source : CTVNews.Ca
Indonesia’s capital, Jakarta, is seeing a growing number of transport services catering exclusively to women. read more >>> Source : BBC
By Henning Gloystein SINGAPORE (Reuters) – Oil prices fell in early trading on Monday after South Korea posted its weakest export data since 2009 and the prospect of a coordinated production cut by leading crude exporters seemed remote. Front-month Brent crude was trading at $35.55 per barrel at 0047 GMT, down 44 cents or over […]
TOKYO, Feb 1 (Reuters) – Asian shares started a new month on somewhat firmer footing on Monday, helped by accommodative monetary policies in Japan and Europe, but traders were cautious ahead of China… read more >>> Source : Reuters
LAEM FA PHA, Thailand, Feb 1 (Thomson Reuters Foundation) – S urakit Laeaddee walks along the narrow banks of earth dividing his organic shrimp and fish ponds, rests under the shade of a tree he recently planted, and points to the lush mangroves marking out his plot. read more >>> Source : Reuters
THE City will want to hear more of BT’s plans now that it has completed its £12.5billion merger with telecoms rival EE when it reports third-quarter results today. read more >>> Source : The Daily Express
These housing markets seem to be “beating the winter chill” as homes move more quickly this winter than the rest of the nation…. read more >>> Source : Realtor.org
As a business owner, you expect to work long hours and wear many hats. But, there comes a time when “enough is enough.” You make a decision to get some help. Depending on how long and how hard you’ve been working, your first reaction might be to hire the first promising candidate that applies or […]
United Airlines says CEO Oscar Munoz is doing well after undergoing a heart transplant surgery Wednesday morning. Munoz is expected back to work in the spring. read more >>> Source : CNN Money
Clothing retailer Gap, which operates stores under its own brand as well as Banana Republic and Old Navy, said Thursday that a key sales measure fell 5 per cent for the five-week period ended Jan. 2. read more >>> Source : CTVNews.Ca
WASHINGTON, Jan 7 (Reuters) – The Federal Reserve was closely monitoring the sell-off in stocks that shook world markets on Thursday, while U.S. Republican presidential candidates took aim at Chinese… read more >>> Source : Reuters
Most energy stocks have tanked with the price of oil. Not Valero Energy (VLO). The world’s biggest independent oil refiner is up 50% over the past year, while the S&P 500 is down slightly and the 39-stock oil and gas refining group has dropped 14%. The stock is currently getting support at its 10-week moving […]
The Reserve Bank of India would not aggressively defend a falling rupee to make exports competitive, and instead allow it to slip along with the Chinese yuan. read more >>> Source : EconomicTimes.IndiaTimes.Com