Wall St dips on third-quarter earnings jitters – New York Report October 6, 2015 A five-day winning streak came to an end on Wall Street yesterday, as investors focused on upcoming quarterly reports that are expected to reflect a dip in corporate earnings. The Dow Jones industrial average edged up 0.08 per cent to end at 16,790.19 points. The S&P 500 lost 0.36 per cent to 1,979.92 and the [...]
Oil prices edge back above the $50 per barrel mark October 6, 2015 Crude oil prices jumped above the $50 per barrel mark today, after a monthly energy report suggested supplies are set to fall in the UK and global markets. The US Energy Information Administration's short-term energy outlook said that oil demand from China and the emerging markets will grow, while non-OPEC supply stalls. Brent, the global benchmark [...]
Microsoft Surface Pro 4: Tech giant unveils new smartphones, tablets and fitness tracker October 6, 2015 Microsoft today unveiled a range of new products heralding what has been described by the company as its “next chapter”. This included a new line of Lumia smartphones, a new surface pro tablet as well as an updated version of its fitness tracker, Microsoft Band, which will run on its latest operating system Windows 10. [...]
Strong economy drives new car registrations to a record September October 6, 2015 In a sign of rude UK economic health, the number of new cars rolling out onto the country’s roads had its best ever September. Last month 462,517 new cars were registered, a climb of 8.6 per cent year-on-year, according to the figures released by the Society of Motor Manufacturers and Traders (SMMT) this morning. Strong [...]
Tesco share price closes up ahead of first half results on Wednesday October 6, 2015 Shares in troubled supermarket Tesco closed up three per cent to 192.10p per share this afternoon, ahead of its full-year results which are due out tomorrow morning. Tesco's shares inched up at the open, and added about one per cent over the course of the morning, and continued to make gains throughout the afternoon. Shares [...]
World’s most-used payment currencies: China’s renminbi knocks Japan’s yen off fourth place behind the US dollar, the euro and sterling October 6, 2015 China's renminbi became the fourth most-used world payment currency in August, overtaking Japan's yen, meaning it's behind only the US dollar, the euro and the sterling. "Important to note is the volatility in the Chinese market and the devaluations of the renminbi, which took place in August 2015. These facts likely played a significant role in its [...]
S&P takes rating actions on 14 oil companies – and Shell’s Ben van Beurden warns of oil prices “spiking” October 6, 2015 Standard & Poor’s said today it had taken rating actions on 14 European oil and gas companies, after revising its oil price forecast down. Oil producers are braced for a long slump in prices, after the ratings agency recently revised its forecast to predict that prices will stay low through the end of 2016. We [...]
Facebook will beam free internet down from space next year October 6, 2015 In its mission to bring internet connectivity to all parts of the world, Facebook is sending a satellite into space next year. Facebook is currently building Amos-6 in partnership with French satellite company Eutelsat. Once it is complete it will be launched into geostationary orbit above Africa, at which point Facebook will work [...]
HSBC boss Stuart Gulliver wants bank to play major role in AB InBev’s planned takeover of SABMiller October 6, 2015 HSBC boss Stuart Gulliver is trying to persuade the lender to play a major role in financing a possible takeover of SABMiller by rival US-based brewing giant Anheuser-Busch InBev. Gulliver met executives from Budweiser maker AB InBev late last week to discuss a potential involvement for HSBC, according to a report on Sky News. [...]
BP ordered to pay more than $20bn to settle claims from Gulf of Mexico oil spill October 6, 2015 Oil giant BP has been ordered to shell out more than $20bn (£13.2bn) in fines to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago, US attorney general Loretta Lynch said yesterday. It is the largest corporate settlement of its kind in US history. The agreement, first [...]