NEW YORK (Reuters) – Oil prices fell on Thursday, retreating from an 8 percent rally in the previous session as the oil market focused on signs of faltering global economic growth and record production of crude. Brent crude LCOc1 futures dropped 4.24 percent, or $2.31, to settle at $52.16 a barrel. U.S. West Texas Intermediate […]
SANTIAGO (Reuters) – Chile will delay a previously announced arbitration with Albemarle Corp (ALB.N), the world’s top lithium producer, in anticipation that the U.S.-based miner will make a new offer to bring it into compliance with a 2016 contract, a source close to the negotiations told Reuters. Under the contract, U.S.-based Albemarle had agreed to […]
WASHINGTON (Reuters) – Most financial market credit officers surveyed by the Federal Reserve in November said their big clients were exposed to emerging markets but were scaling back bets emerging market assets would rise in value, the U.S. central bank said on Thursday. The Fed surveyed senior credit officers at 23 institutions between Nov 6 […]
WASHINGTON (Reuters) – A measure of U.S. consumer confidence posted its sharpest decline in more than three years in December, rattling investors already nervous about the prospect that a global economic slowdown was spilling over into the United States. In a sign households were growing more worried about the economy, the Conference Board on Thursday […]
Sky News has learnt that Sukhpal Singh Ahluwalia, who set up Euro Car Parts (ECP) more than three decades ago with a £50,000 investment, has resigned in the last few days. Mr Ahluwalia is expected to step down from the board of LKQ Corporation, the Nasdaq-listed company which bought ECP for £280m in 2011. Sources […]
As well as the sandwiches and the impeccably good telly, another top thing about Boxing Day is the sales. Despite Amazon not being on the high street, the online retail giant has released an array of post-Christmas deals for consumers to snap up. While official Boxing Day deals are done and dusted there are several […]
LONDON (Reuters) – Oil prices fell more than 1 percent on Thursday after rebounding 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. Brent crude oil was down 70 cents, or 1.3 percent, […]
LONDON (Reuters) – World stocks bounced off a near two-year low on Thursday, lifted by a dramatic Wall Street surge, though a fall in Chinese industrial profits and renewed Italian banking worries offered a sobering reminder of the problems weighing on the world economy. The Dow Jones Industrial Average surged more than 1,000 points for […]
TOKYO (Reuters) – Asian shares on Thursday rode a dramatic surge on Wall Street as markets, battered by a recent drum roll of deepening political and economic gloom, cheered upbeat U.S. data and the Trump administration’s effort to shore up investor confidence. In a buying frenzy as spectacular as the recent rout, U.S. stocks soared […]
Homeowners are planning to stay put in 2019 – making it the year of improving rather than moving, and meaning new buyers and those forced to move could find almost nothing become available. The fog of Brexit uncertainty hanging over the market is combining with affordability and a lack of choice for buyers – meaning […]