Today, if the S&P 500 doesn’t have its best day in four years, the so-called Santa Claus rally predicts gloom ahead. If that seems too fanciful, consider that stock markets do poorly in the eighth year of a U.S. presidency. read more >>> Source : CBC.Ca
Euro-zone inflation remains depressed, but this isn’t a huge surprise after Germany’s numbers. It seems that this kind of disappointment was already priced in. Prices rose 0.2% y/y and core inflation remains at 0.9%. EUR/USD wobbles on low ground, trading around 1.0780. Update: the pair is now extending its falls below 1.0770. At the same […]
** Bunzl, which supplies supermarkets, hospital and hotels with products ranging from carrier bags to toilet rolls, up 2.4 pct & 2nd top FTSE-100 gainer read more >>> Source : Reuters
French telecoms operators Orange and Bouygues are in talks over a possible merger, they confirm. read more >>> Source : BBC
Natixis oil and gas analyst, Abhishek Deshpande explains how Saudi Arabia’s tensions could add a risk premium to oil. read more >>> Source : CNBC.Com
LONDON, Jan 5 (Reuters) – World stocks inched up from 2-1/2-month lows on Tuesday as China pumped in an estimated $20 billion to stabilise its equity and currency markets, which recorded the worst… read more >>> Source : Reuters
Faraday Future, the once-mysterious Chinese-backed electric-car company, unveiled its first vehicle concept at an event in Las Vegas Monday evening. And it came in the form of an all-electric supercar called the FFZERO1. The futuristic model marks the beginning of Faraday Future’s quest to “Change mobility the way Apple changed the cell phone,” FF research […]
Saudi Aramco has raised its February price for its Arab Light grade for Asian customers by $0.60 a barrel versus January to a discount of $0.80 a barrel to the Oman/Dubai average. read more >>> Source : CNBC.Com
The FTSE 100 rises 1% in early trade, recovering some of the ground lost on Monday amid the global share rout. read more >>> Source : BBC
The Financial Conduct Authority quietly stopped pursuing any formal action into reviewing whether HSBC’s Swiss private banking arm allegedly helped wealthy clients dodge tax between 2006 and 2007 months ago. The news will undoubtedly piss off a lot of politicians and the public. Why? — because this is the latest in a line of moves […]
Group controlled by China’ s richest man is in talks to buy Legendary Entertainment, the company behind ‘Straight Outta Compton,’ the FT reports. read more >>> Source : CNBC.Com
* BOC Aviation reported record profit in H1 2015 (Adds analyst quotes, IPO milestone, industry details) read more >>> Source : Reuters
It turns out that thanks to a glut of crude, even tension between two big oil-producing countries isn’t enough to drive prices higher. read more >>> Source : CTVNews.Ca
Prelude Excerpt from: On October 15th, 2002 — over 13 years ago — AT&T filed a Petition with the FCC to investigate the “special access” services that are controlled by the “Bell” companies, now AT&T, Verizon and Centurylink. The above quote supplies two of the section headings from the Petition’s Table of Contents. I’ll get […]
The Chinese government is buying up shares to prop up its stock markets, repeating a tactic used during last year’s meltdown. The so-called “National Team” is injecting cash into the market after Monday’s 7% crash, according to a report by Bloomberg News. The government is also preparing to extend a ban on short selling – […]
Retailer Next blames the warm weather in November and December for a “disappointing” trading performance in the run-up to Christmas. read more >>> Source : BBC
Jan 5 (Reuters) – Motoring group AA Plc said it had launched a connected-car joint venture which would allow it to provide faster roadside assistance by pre-empting and diagnosing breakdowns. read more >>> Source : Reuters
After a sour start to 2016 which saw safe haven currencies gain, we had a strengthening of the greenback across the board and perhaps some stability. What’s next? 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 crosses, […]
NEW DELHI, Jan 5 (Reuters) – The day before a deadly assault on an air base in northern India, a police officer returning from a temple was abducted by a group of heavily armed men speaking Urdu, he said on Tuesday. read more >>> Source : Reuters
Most Asian stock markets inched higher Tuesday as China’s benchmark stabilized a day after plunging nearly 7 per cent. read more >>> Source : CTVNews.Ca
Stock markets in Asia were largely even in Tuesday trading, a day after a huge selloff in China was followed by big slumps in European and U.S. stocks. Indexes in China opened sharply lower Tuesday, but quickly rebounded in the first half-hour and fluctuated just above and below Monday’s close. There was no such rebound […]
Magazine Charlie Hebdo is set to mark the first anniversary of the attacks on its Paris offices with a special edition. read more >>> Source : CNBC.Com
SINGAPORE, Jan 5 (Reuters) – Bank of China has hired Goldman Sachs and BOC International as joint sponsors for the planned Hong Kong listing of its aviation arm, expected to raise about $3 billion, people with knowledge of the matter said. read more >>> Source : Reuters
Rodger Shanahan, research fellow at the Lowy Institute, says the conflict between Saudi Arabia and Iran will be maintained at the diplomatic level, and is just a part of a long-term rivalry. read more >>> Source : CNBC.Com
HK leader Leung Chun-ying said there was no indication that China was involved with the five missing booksellers who specialized in critical publications of China. read more >>> Source : CNBC.Com
LAS VEGAS, Jan 4 (Reuters) – Start-up electric car venture Faraday Future on Monday previewed a technology-heavy concept race car it hopes to develop into a range of connected vehicles that can challenge luxury rivals like Tesla and Audi in the growing global market for non-gasoline cars. read more >>> Source : Reuters
The rupee rose by 11 paise to 66.50 against the US dollar in early trade on Tuesday, as currency markets globally stabilised a bit following Monday’s sharp fall on China woes. read more >>> Source : EconomicTimes.IndiaTimes.Com
We spend 15-20 years in educational establishments learning the skills that are supposedly going to land us the jobs that will help us create the life we want. The only problem is that formal education doesn’t really teach us about mindset, dealing with people or about how to react in times of adversity, all of […]
The dollar was flat at C$1.3911 after surging roughly 1 percent to as high as C$1.3983 against the loonie overnight. read more >>> Source : EconomicTimes.IndiaTimes.Com
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_01052016.pdf 2015 OVERVIEW The M&A volume rose 40.8 percent over last year to a… read more >>> Source : Reuters
With 2015 in the books, it’s time to look forward. You know what that means: predictions for next year! Here are a few things I’ll be tracking in 2016. Hiring Managers Cool On Elite Credentials In 2015, accounting firms Ernst & Young and Deloitte announced big changes to the way they assess job candidate readiness, […]
China’s yuan firmed at its open on Tuesday, a day after both forex and stock markets plunged sharply in response to weak economic data. read more >>> Source : EconomicTimes.IndiaTimes.Com
Oil prices edged up on Tuesday after a volatile session, with the impact of tension in the Middle East offset by worries over global economic growth. read more >>> Source : CNBC.Com
Faraday Future is about to officially pull the wraps off of its new electric car ahead of the Consumer Electronics Show in Las Vegas. The startup first landed on the auto industry’s radar last year, when the company opened an office in Southern California, and started hiring a bevy of auto and tech industry talent […]
HONG KONG/BEIJING, Jan 5 (Reuters) – China’s first landing of a plane on one of its new island runways in the South China Sea shows Beijing’s facilities in the disputed region are being completed on schedule and military flights will inevitably follow, foreign officials and analysts said. read more >>> Source : Reuters
Are you ready to enhance your digital footprint as a professional? LinkedIn is the best tool for individuals who want to maximize their career impact. Since LinkedIn is the #1 business social networking tool, it’s important that you put the energy and effort into spending your time wisely on LinkedIn. Do you have limited time? […]
SHANGHAI, Jan 5 (Reuters) – China stocks opened lower on Tuesday, the day after a 7 percent plunge in mainlaind shares roiled global markets and caused domestic trade to be suspended. read more >>> Source : Reuters
* Bonds and yen gain safety bid, most commodities under pressure read more >>> Source : Reuters
A few years ago I hit a fork in my career road. Should I continue working in an organization where I felt undervalued and underappreciated – or leave and start over again? It was a gut-wrenching decision. For months, I went into work every day with a knot in my stomach. Most of us have […]
Asian markets continue to head lower after a 7% plunge in mainland Chinese shares on Monday triggered an equities sell-off around the world. read more >>> Source : BBC
U.S. stock prices fell sharply Monday, with major stock indexes closing down by around 1.6 percent in the first full trading day of 2016. The selloff was sparked by a series of disappointing reports on Chinese manufacturing, and the impact of increased geopolitical tensions on oil prices. But while some analysts say the Chinese slowdown […]
Saudi Arabia has ended air traffic and trade links with Iran, demanding that Tehran “act like a normal country.” read more >>> Source : CNBC.Com
* USD hits 11-wk low, euro touches 8-mth trough vs yen overnight read more >>> Source : Reuters
The big tech themes for 2016 read more >>> Source : BBC
In a day plagued with devastating losses across the board, two gunmakers bucked the rest of the market to turn in healthy gains. The security and safety industry group, to which gunmakers belong, cracked into the top half of industry groups in the last month. The 32-member group doesn’t necessarily scream with strength; only six […]