Search Results for: Oil price
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 ...
Goldman Sachs inks joint Mexico energy, infrastructure deal
January 19th, 2016
The private equity arm of Goldman Sachs Group Inc (GS.N) has teamed up with Mexican consulting firm Ainda to jointly invest in energy and infrastructure projects in Mexico, a person familiar with the matter said. Goldman’s Merchant Banking Division ...
Asia stocks eke out gains in afternoon trade
January 19th, 2016
Asian equities bounced back in afternoon trade after having a mixed but volatile reaction to a slew of key Chinese data that were mostly in line with expectations. Chinese stocks jumped in late trade, with the Shanghai composite up ...
The Financial Apocalypse Accelerates As Middle East Stocks Crash To Begin The Week
January 18th, 2016
It looks like it is going to be another chaotic week for global financial markets. On Sunday, news that Iran plans to dramatically ramp up oil production sent stocks plunging all across the Middle East. Stocks in Kuwait were ...
Key findings of CBI/PwC survey of 100 financial services firms
January 18th, 2016
Profitability remains strong as Financial Services firms focus on costs, says CBI/PwC poll Overseas level of business below normal, quarterly survey finds Growth in business volumes picked up more strongly than expected in the three months to December ...
BHP Billiton:Onshore US Asset Review
January 15th, 2016
BHP Billiton expects to recognise an impairment charge of approximately US$4.9 billion post-tax (or approximately US$7.2 billion pre-tax) against the carrying value of its Onshore US assets. This charge will be recognised as an exceptional item in the financial ...
Asia stocks retrace gains; Shanghai tumbles 3.7%
January 15th, 2016
Major Asian stock markets struggled to hold onto their morning gains Friday, despite a positive finish from Wall Street overnight. In another late spate of sell-offs, the Shanghai composite down 3.97 percent and Shenzhen composite 2..85 percent lower in afternoon trade. The ASX 200 closed ...
Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion
January 14th, 2016
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy in order to meet the 2% inflation target and in a way that helps to sustain growth and employment. At its meeting ending on 13 January 2016, the ...
World Economic Forum in Davos: What is the theme of this year’s annual meeting
January 14th, 2016
Davos Set to Provide an Alpine View on the World’s Hot Spots China, Saudi Arabia, U.S. sending high-level emissaries `Geopolitical risks are becoming much more relevant’ The organizers of the World Economic Forum in Davos, Switzerland want attendees ...
Asia markets retrace some losses, China bucks trend
January 14th, 2016
Major Asian stock markets retraced some of their downward slide but stayed in negative territory, following a massive sell-off on Wall Street overnight. Japan’s Nikkei 225 retraced morning losses to trade down 2.86 percent, weighed by commodities and machinery sectors. Earlier, ...
