Friday 06:00 GMT Overview Stock markets across Asia, oil and the dollar have all gone into reverse on Friday, while government bonds were mixed ahead of the release later today of closely-watched US jobs data. European bourses are expected to open lower with spreadbetters predicting the UK’s FTSE 100 will slip 40 points to 6,712 and Germany’s Dax to drop 55 points to 10,479. US index futures […]
By Roslan Khasawneh | SINGAPORE SINGAPORE Oil prices slipped on Friday as some investors opted to cash out after Brent touched 16-month a high on Thursday, with optimism over this week’s OPEC-Russia accord on cutting output giving way to questions on the “sticking point” of implementing the deal. International Brent crude oil futures LCOc1 were trading at $53.36 per barrel at 0446 GMT, down 58 cents, or […]
Workday reported solid third quarter financial results Thursday after the bell. The Software-as-a-Service provider reported a net loss of $110 million, or 57 cents per share. Non-GAAP earnings were three cents per share on revenue of $409.6 million, up 34.2 percent annually. Wall Street was expecting a loss of four cents per share on a revenue of $400 million. “We had a strong third quarter and saw […]
By Emily Stephenson and Dustin Volz | WASHINGTON WASHINGTON President-elect Donald Trump, who pledged on the campaign trail to “drain the swamp” in Washington, is staffing his on-the-ground transition teams mostly with government veterans, including ex-lobbyists, a Reuters review of publicly available information shows. Drawing heavily from former military, congressional and agency staff, he has named about 140 operatives to “landing teams” at various government departments to […]
Egypt’s largest listed lender CIB sold a near-72 percent stake in its investment banking arm CI Capital to Egyptian and Gulf investors on Thursday, as part of a move to shed subsidiaries and focus on core actives. Commercial International Bank’s announcement of the deal came a day after it confirmed it was in talks to sell a majority stake in CI Capital, which banking sources say is […]
Saxo Bank awarded multiple accolades by FX Week, Finance Magnates, HFM Asia Hedge Fund Services and Global Finance 01 December 2016 Saxo Bank, the online multi-asset trading and investment specialist, today announces that it has won Best Prime of Prime House in FX Week’s Best Banks Awards and Best Forex Broker and Best Prime of Prime/Retail Liquidity Provider in the Finance Magnates Awards. Recognized by industry experts […]
The month that stunned investors with Donald Trump’s US election victory was a record-breaker in markets. The prospect of big tax cuts and fiscal spending from the incoming administration has stirred the market’s animal spirits, driving Wall Street into record territory, while bond prices have been hit hard by expectations of higher inflation. Here is how November played out in numbers: 13 — The dollar index — […]
In a sign that investor enthusiasm about the Apple “rebound” may have been premature, Digitimes reports that Apple has begun to reduce orders for iPhone 7s as initial “sales momentum has started fading”, according to sources from Taiwan’s handset supply chain. The Digitimes sources said that initial shipment momentum of the iPhone 7 was in part driven by strong demand for the jet black iPhone 7 models […]
Pursglove would soon learn, however, that navigating this offshore archipelago is not easy. In any given year, trillions of dollars sit safely in the offshore financial world, effectively stateless, protected by legions of well-compensated defenders and a tangle of laws deliberately designed to impede creditors and tax collectors. Even the United States government finds it challenging: A special Internal Revenue Service division known as the “wealth squad,” […]
THOMSON REUTERS PRODUCTS Solutions for Corporations Eikon FX Trading World-Check One Enhanced Due Diligence Compliance Learning Org ID ONESOURCE Indirect Tax ONESOURCE Transfer Pricing ONESOURCE Global Trade Management […]
Thursday 06:00 GMT Overview Markets across Asia saw a day of solid gains as oil continued to trade higher following Opec’s decision to cut output for the first time since the financial crisis and as Japanese stocks benefited from recent weakness in the yen. European bourses are expected to open little changed, with spreadbetters predicting the UK’s FTSE 100 will add 2 points to 6,785 and Germany’s […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices shot up more than 12 percent, smashing trading volume records, after producer club OPEC and Russia cut a deal to reduce output to drain a global supply glut, but analysts warned prices could recede as other producers stand by to fill the gap. The Organization of the Petroleum Exporting Countries (OPEC)agreed on Wednesday its first oil output reduction since […]
By Jonathan Stempel and Nate Raymond | NEW YORK NEW YORK Billionaire Steven A. Cohen’s former hedge fund SAC Capital Advisors LP will pay $135 million to settle a lawsuit by investors in the drugmaker Elan Corp, who said they lost money because of insider trading by one of his portfolio managers. The preliminary class-action settlement with SAC, now known as Point72 Asset Management LP, was filed […]
Shares of Goldman Sachs Group Inc (GS.N) on Wednesday climbed to their highest levels since the financial crisis, as the bank benefited from a post U.S. presidential election rally. The stock reached $220.77 in late morning trading, returning to a point not seen since December 2007. Goldman was the biggest driver for the Dow Jones Industrial Average .DJI adding 56.2 points out of a net gain of […]
Oil prices soared 8.6 per cent to above $50 a barrel on Wednesday after two of Opec’s most powerful members said they were hopeful of reaching the first deal to cut supplies since prices started to plummet two years ago. Khalid al-Falih, Saudi Arabia’s energy minister, said the cartel, which controls about a third of the world’s oil production, was moving “close” to a deal, as he […]
Photo Yoenis Cespedes, who helped the Mets reach the wild-card game in 2016, agreed to a four-year, $110 million deal. Credit Al Bello/Getty Images This was the test, the proving ground for the Mets as annual playoff contenders. At some point, they would have to take a risk to keep their new identity. By agreeing to a reported four-year, $110 million contract extension with Yoenis Cespedes on […]
Nov 30, 2016 10:58 am IST Electronic-payment company Euronet Worldwide Inc. cut its financial projections for the quarter, citing a cash crunch that is wreaking havoc through India’s economy. Shares, up 3% this year, fell 5.4% to $70.66 in after-hours trading. India, which is replacing its largest-denomination bank notes to fight corruption and counterfeiting, is the fifth-largest market by revenue for the Kansas-based company, accounting for $78.7 […]
Wednesday 06:00 GMT Overview Markets across Asia were treading cautiously on Wednesday, following mild overnight gains for Wall Street, a weakening of the US dollar and as investors turned their attention to a meeting between Opec members later today. European bourses are expected to open with only meagre moves, with spreadbetters predicting the UK’s FTSE 100 will slip 10 points to 6,762 and Germany’s Dax to be […]
Al Wadei: The rules of the E-Commerce game have changed after the introduction of “noon.com” 29 November 2016 E commerce expert, Dr Sadeq Al-Wadei, revealed that after the inauguration of noon.com in January 2017, it would utterly change E-Commerce platforms as we know them whilst emphasizing on the fact that it would entirely change this trade in Saudi Arabia over the coming few years. In addition, it […]
Tullett Prebon will formally separate the 1,500 voice brokers it is buying from ICAP on January 1, setting what were once two long-time rivals in the over-the-counter markets on radically different paths. Last Thursday Tullett received approval for the deal from German regulators, the final significant hurdle of more than 30 regulatory permissions it needed, according to three people familiar with the process. The sign-off was important as […]
Tuesday 15:15 GMT Overview The dollar and Treasury yields are steadying, but US equities are edging lower, as stronger-than expected US GDP data raise concerns that the Federal Reserve may quicken the pace of interest rate rises. The firmer buck is adding to pressure on commodity prices, with gold selling off and oil prices sliding on scepticism over an Opec deal to curb output. Hot topic It […]
Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a global output-limiting deal when it meets on Wednesday. OPEC sources told Reuters a meeting of experts in Vienna on Monday failed to bridge differences between OPEC’s de facto leader, Saudi Arabia, and the group’s second- and third-largest producers over the […]
An employee of a foreign exchange trading company works near monitors showing U.S. President-elect Donald Trump speaking on TV news (top) in Tokyo, Japan, November 9, 2016. (Toru Hanai/Reuters). With Donald Trump’s victory, the prospects for digital trade have dimmed. This development owes much to the hostility towards trade that Trump brings to the presidency. But it also involves shifts more fundamental than Trump’s rejection of trade […]
With the dollar’s rally easing up, China’s central bank has set the trading band for its currency stronger for a second straight day. The People’s Bank of China set the midpoint of the renminbi’s 4 per cent trading band against the dollar at Rmb6.88890 on Tuesday, stronger by 0.22 per cent from Monday. That brings the fix 0.4 per cent firmer from the last time it weakened […]
