Search Results for: Energy
Russia’s currency collapses to lowest level ever
January 21st, 2016
The Russian ruble has just collapsed to its lowest ever level. It dropped 4% to 82 rubles per U.S. dollar on Wednesday, passing a previous low hit in late 2014 and piling on the pain for an economy already ...
Asia markets take another tumble as rout persists
January 21st, 2016
Markets in Asia lost early gains and tumbled into negative territory in afternoon trade, following another selloff on Wall Street overnight on global growth concerns, uncertainty in China and fresh lows in oil prices. The Shanghai composite touched its ...
FTSE 100 index plunges into ‘bear market’ territory as oil price rout wipes another £52bn off top-flight share values
January 21st, 2016
Footsie plunged 203 points or 3.5% to close at 5,673 That means £52bn has been wiped off blue-chip share values today Now more than 20% below April 2015’s 7,103 high – firmly a bear market Panic over oil price after ...
Shell’s profits dive ahead of BG deal shareholder vote
January 20th, 2016
Royal Dutch Shell has reported a sharp drop in profits just a week before shareholders vote on its planned takeover of smaller rival BG Group. For the fourth quarter it expects profits of $1.6bn to $1.9bn, less than half ...
Japanese Stocks Plunge Into Bear Market as Global Rout Deepens
January 20th, 2016
Energy explorers lead Tokyo slump as oil spiral continues IMF cuts forecast for global economic growth in 2016 and 2017 Japanese stocks plunged into a bear market amid a slump in equities across Asia as investor concerns over the global ...
Oil falls 2-3 percent on surplus worries, as U.S. drops toward $27
January 20th, 2016
Crude futures slumped again in Asian trade on Wednesday, with U.S. oil droppping more than 3 percent toward $27 a barrel and its lowest since 2003, on worries about global oversupply. That came after the International Energy Agency, which ...
Asia markets extend declines; Nikkei down 3.49%, Hang Seng drops 3.68%
January 20th, 2016
Asian stocks tumbled Wednesday, with major indexes declining by more than 1 percent each, as global sentiment remained low on concerns over economic growth, China and low oil prices. “The frailty in the Chinese growth remain the core problem ...
Davos 2016: eight key themes for the World Economic Forum
January 19th, 2016
Political and business leaders gather at Swiss ski resort to discuss issues including robots, terrorism, migration and inequality The world’s political and business leaders, plus the usual smattering of celebrities – including Leonardo DiCaprio – are heading to Davos, ...
IMF:Weak Pickup in Global Growth, with Risks Pivoting to Emerging Markets
January 19th, 2016
Global growth forecast revised down—3.4 percent in 2016 and 3.6 percent in 2017 Emerging market and developing economies facing increased challenges Key risks relate to China slowdown, stronger dollar, geopolitical tensions, renewed global risk aversion The pickup in global ...
Falling oil prices: How are countries being affected?
January 19th, 2016
Oil prices have fallen to their lowest level since 2003, sinking below $28 a barrel before recovering slightly on Monday. Analysts say the drop has been driven by oversupply, coupled with a fall in demand because of a slowdown ...
