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 […]
MOSCOW, Feb 4 (Reuters) – The Kremlin on Thursday declined to name a Russian military trainer killed in Syria this week and said Russian servicemen were still not taking part in ground operations in Syria. read more >>> Source : Reuters
Credit Suisse said it will accelerate its cost-cutting programme — read job cuts — after posting its first annual loss since 2008. The bank announced on Thursday that it took a CHF3.8 billion ($3.8 billion, £2.6 billion) impairment charge on assets in the fourth quarter, pushing the bank more than CHF2 billion in to the […]
ONE of the founders of £170million smartphone technology firm SwiftKey sold off his stake just two weeks into the business’ birth in return for a BICYCLE, it has been claimed. read more >>> Source : The Daily Express
Credit Suisse reports its first annual loss since 2008 and announces that it is going to cut 4,000 jobs. read more >>> Source : BBC
Yesterday was not a good one for the dollar. If one looks at the dollar index vs. the US 2 year, the appearance is of a currency catching up with the message already baked into the bond market of a central bank that will struggle to raise rates again this year. The dollar was down […]
LONDON, Feb 4 (Reuters) – Sterling could fall as much as 15-20 percent if Britain votes to leave the European Union, a scenario that could alarm foreign investors and dry up the capital inflows… read more >>> Source : Reuters
Stocks across Europe popped at the open on Thursday morning after a positive day in Asian markets, driven by a rally in the price of oil on Wednesday and overnight. The biggest winner in Western Europe so far this morning has been Britain’s FTSE100, which jumped as much as 1.45% in the first ten minutes […]
Royal Dutch Shell confirms it will cut 10,000 jobs amid its steepest fall in annual profits for 13 years. read more >>> Source : BBC
Feb 4 (Reuters) – Hong Kong stocks rose on Thursday as energy shares surged on a rebound in oil prices, while an overnight tumble in the U.S. dollar eased fears of capital outflows. read more >>> Source : Reuters
Royal Dutch Shell said fourth-quarter earnings tumbled 44 per cent as the collapse in oil prices took its toll on another European oil company. read more >>> Source : CTVNews.Ca
Britain’s Prime Minister David Cameron is fiercely trying to defend his draft deal with the European Union after the public, the opposition, and even members of his own party criticised it for lacking real substance. But he may have just got the best endorsement he needs to gather more support to his cause — the […]
Foreign exchange fluctuations were Lenovo’s biggest headache in Q3, Wong Wai Ming, CFO at the world’s biggest PC maker, told CNBC. read more >>> Source : CNBC.Com
* Lenders’ mission in Athens to assess reforms (Updates, releads, adds quotes) read more >>> Source : Reuters
As reports of a draft deal between the EU and the UK helped out the pound, the In/Out referendum is getting closer. Here is the view of Goldman Sachs on a potential impact of a “Brexit”: Here is their view, courtesy of eFXnews: Our base case forecasts for Sterling do not envisage that the UK […]
Japanese electronics firm Sharp posts a net loss of $918m (£630m) even as it considers multiple bailout offers. read more >>> Source : BBC
Finally markets have moved, and it was certainly against the dollar. We’ll naturally dive into the dollar dive, with new levels on charts and things to watch out for. 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 […]
Most Asian stocks jumped Thursday as oil prices bounced back and weak U.S. economic data fueled investor hopes that the Fed would slow the pace of rate hikes this year. Japanese shares fell as the yen rose against the dollar. read more >>> Source : CTVNews.Ca
The yuan weakened 1.2 percent against the euro at 7.2962, and also eased 1.6 percent against the Japanese yen , hovering at 5.5770 to 100 yen. read more >>> Source : EconomicTimes.IndiaTimes.Com
Tidjane Thiam, CEO of Credit Suisse, says there is a disconnect between share prices and value as a result of low oil prices. read more >>> Source : CNBC.Com
Sitting beside a decaying Soviet-built housing complex on the outskirts of Havana, the Rotondo de Cojima farm grows several thousand kilos a month of carrots, lettuce and root vegetables, part of Cuba’s drive to feed its people through organic farming. Like many of its Caribbean neighbors, communist-governed Cuba imports more than two-thirds of its food, […]
MEXICO CITY, Feb 4 (Reuters) – Mexico’s central bank is expected to hold borrowing costs steady on Thursday after inflation expectations improved despite a deep slump in the peso last month. read more >>> Source : Reuters
Twelve Pacific Rim countries have set the stage for what may become the world’s largest trading bloc. After more than five years of negotiations, ministers from Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam and the United States gathered in Auckland, New Zealand, Thursday to sign the Trans-Pacific Partnership (TPP) agreement. […]
A leading market figures tells the BBC the Governor of the Bank of England has confused markets by suggesting interest rates may rise – and then rowing back. read more >>> Source : BBC
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 Islamabad had made to the IMF in return for a $6.7 billion bailout three years ago. read more >>> Source : Reuters
Jose Canseco has entered the negative interest rate deabte. In a few tweets on Wednesday night, baseball great Jose Canseco offered his thoughts on the Bank of Japan’s new policy to institute a negative interest rate of -0.1% on some reserves parked at the bank. Additionally, as of trading on late Wednesday night in New […]