GENEVA (Reuters) – Iran has been able to sell as much oil as it needs despite U.S. pressure, Iranian Vice President Eshaq Jahangiri was quoted as saying on Tuesday. Iranian Vice President Eshaq Jahangiri speaks during a news conference after a meeting with Iraq’s top Shi’ite cleric Grand Ayatollah Ali […]
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The U.S. mid-term election is the biggest political event of this year over in the United States. The victory result of this election would not only have an impact on the economic conditions of the United States, but also in several other countries around the globe. I think it may […]
The firm yesterday released strong earnings figures but investors were caught off guard today by a bombshell announcement about major changes to its quarterly reports. Apple stock opened at $209.55 per share today before rallying to $213.65 but then plummeting to $206.68. The 6.8 percent drop pulled the company’s value […]
NEW DELHI (Reuters) – Ford Motor Co made a profit in India for the first time in a decade in the last fiscal year, signaling that a strategy conceived two years ago by the U.S. car manufacturer for one of the world’s most competitive car markets is starting to show […]
Photo credit: AP Photo/Nam Y. Huh It is perhaps not surprising that stock markets can be more volatile around elections, and, true to form, we’ve seen a rocky market in the lead up to these elections. However, the directional impact of midterm elections for the market is debatable. Some studies have found that […]
Bitcoin’s price spiked today, breaking the £4,876.01 ($6,350) and £4,895.20 ($6,375) resistance against the US Dollar. Bitcoin was valued at £4,937.20 ($6430.07) today at 3.20pm GMT, according to CoinDesk. It comes as the price rocketed by £74 ($97) in just one hour yesterday afternoon. The cryptocurrency’s price has moved into […]
NEW YORK (Reuters) – Wall Street stock indexes mostly rose on Monday, the eve of U.S. midterm elections to determine whether President Donald Trump’s Republican party retains control of congress and also ahead of a meeting of Federal Reserve policy makers. Oil prices rose in choppy trading after five days […]
Amazon Prime is the online paid subscription service offered by Amazon.com web-commerce site (Source: Getty Royalty-Free) I’ve always thought Amazon went out of its way to take good care of its Prime members. But when Amazon announced it is giving everyone free 2-day shipping for the holidays, I cannot help […]
Boss Emily Bendell said: “Two years ago we had revenues of £1.6 million and were loss making. We have since more than doubled those each year and are now profitable.” The London-based firm has just launched in 50 branches of US store chain Nordstrom as part of a major international […]
DUBAI (Reuters) – Sanctions have already cost Iran billions of dollars in oil revenue since May when U.S. President Donald Trump pulled out of the nuclear deal, U.S. Special Representative for Iran Brian Hook told reporters on a call on Monday. FILE PHOTO: Gas flares from an oil production platform […]
The rest of the world’s stock markets have been falling since May…it is time for us to join them? With some help from Monty Python’s Holy Grail, we investigate October brought a shocking turn of events to investors in the U.S. stock market…shocking, that is, if all you watch is […]
LONDON (Reuters) – World stocks slipped and U.S. shares were set to fall on Monday, halting a four-day recovery rally as anxiety surrounding global trade conditions and rising U.S. interest rates dampened risk appetite. European shares managed to reverse losses in choppy trade as investors readied for U.S. congressional midterm […]
NEW YORK (Reuters) – The top echelons of Goldman Sachs Group Inc’s investment bank hosted a dinner over the summer with the representatives of almost 20 private equity firms at Manhattan’s Legacy Records restaurant. FILE PHOTO: David Solomon, CEO of Goldman Sachs, at the Bloomberg Global Business forum in New […]
More landlords will be forced to upgrade the energy efficiency of the coldest homes in England and Wales, under a partial climbdown by the government. Owners of the draughtiest homes – those rated in the worst energy bands, F and G – have been been required since April to upgrade […]
The UK’s services sector grew at its slowest pace for seven months in October as uncertainty over Brexit undermined business activity. Suggesting the UK economy is entering a period of tepid growth following a stronger performance over the warm summer months, IHS Markit and the Chartered Institute of Procurement and […]
In August, Chancellor Philip Hammond forecasted massive economic damage from crashing out of the European Union without a deal, warning of a 87.7 percent hit to GDP and an £80 billion black hole in public finances. The Bank of England has also painted a worrying picture, cutting its GDP forecast […]
Rocketing numbers of store closures have added to the problem with many fearing traditional British high streets are doomed. The crisis is being blamed on a “perfect storm” of soaring business rates, high rents, online shopping and a changing retail culture. A study by the Centre for Retail Research has […]
Although business activity in the sector rose, it did so at its slowest rate in over half a year, with hotels, restaurants and leisure providers reporting the greatest slowdown. The numbers will do little to reassure Sterling investors and come shortly after it was revealed that car sales had slowed […]
Much to the disappointment of GBP traders, the services PMI has fallen from 53.9 points to 52.2, instead of printing at 53.3 points as forecast. Commenting on the data, IHS Markit Chief Business Economist Chris Williamson said: “The disappointing numbers bring mounting evidence that Brexit worries are taking an increasing […]