Following a 3.7 percent drop last week, oil was steady on Monday as investors watched for signals of sustained economic growth in the US ahead of a key policy meeting at the Federal Reserve. US crude for October was unchanged at $73.66 a barrel, while ICE Brent for November rose 12 cents to $78.33. The [ Read More ]
The dollar fell to it’s lowest point in 15 years on Tuesday after Japanese Prime Minister Naoto Kan won the ruling party leadership vote and speculation was raised that Tokyo would not doing anything to immediately slow down the rising yen. Ichiro Ozawam, who had made a strong case to curb the yen’s rise lost [ Read More ]
Forecasted economic growth in the USA for the remainder of this year and next was reduced for a consecutive third month by a 50-strong panel of economists. The weaker prospects of growth for 2010 growth came from lower expectations for consumer spending, business investment and private construction according to the latest Blue Chip Economic Indicators [ Read More ]
Thousands of jobs will be at risk if Connaught, the UK property and environmental services giant, formally enters administration. The social housing specialist said in a statement late on Tuesday it was “in the process of appointing administrators”. The company said it was unable to secure funding to pay £220 million ($340 million) of debt [ Read More ]
Oil continued to lose money on Tuesday as the dollar strengthened but there were no indications of disruption to crude or refining output as Tropical Storm Hermine made landfall near the Mexico-Texas border . October saw US crude fall as high as 1.25 percent to $73.67 and was down a further 91 cents at $73.69 [ Read More ]
A stronger-than-expected jobs report could mean an optimistic stock market next week with further market gains likely. The economy may not be headed for another severe downturn as feared after a positive government’s nonfarm payrolls report on Friday. All three major US stock indexes increased more than one percent on Friday. September is usually the [ Read More ]
Oil remained steady at approximately $74 on Thursday as investors awaited upcoming US reports on employment. This followed daily gains of almost three percent after positive manufacturing data raised optimism across markets. US crude dipped eight cents to $73.83 a barrel for October delivery following a jump of $1.99 on Wednesday. Hopes were raised following [ Read More ]
Amazon.com Inc is planning a subscription service to rival Netflix Inc and has approached media companies. A source confirmed the company wants to provide users with unlimited access to some television shows and movies over the Internet. There is already a video-on-demand section on Amazon’s website which features numerous TV shows and movies which are [ Read More ]
Consumer confidence in the UK improved unexpectedly for the first time in August since February due to a more positive view on the economic outlook, according to a survey released on Tuesday. The GfK/NOP consumer confidence barometer rose to -18 this month from -22 in July, confounding analysts’ expectations for a further deterioration to -24. [ Read More ]
UK household finances came under pressure in August, according to market researchers Markit and YouGov. A poll of 2,000 households revealed people were increasingly worried about higher costs of living and losing their jobs while the Household Finance Index suggests people are not feeling any benefits from the growing economy. Almost a third of participating [ Read More ]
Consumer Reports said recently that anti-depressant medications are the preferred ...
