News
Latest IFNN Headlines:
- Nationwide reports increasing number of savers
- Copper up in London; inventories fall, cancelled warrants rise
- Brit bolsters Chicago presence
- Glacier Group announces rising profits in 2009
- PPF: DB pension scheme deficit falls in February
- Shanks Group down on rejected bid
- Vodafone to axe further 375 jobs
- Oil jobs at risk in Chevron sale
- FSA consults again on PPI reforms
- EU sets up micro-finance fund to help unemployed
- Pensions income gender gap looms
- Top ISA deal pays 3.5%
- First-time buyer numbers continue to dwindle
- UK trade deficit unexpectedly widens in January
- S&L profits increase by 118%
- LIU Europe appoints head of Strategic Assets unit
- Coventry and Stroud & Swindon confirm merger talks
- Half of Britons unfulfilled at work
- House sale instructions outpace buyer interest
- AXA goes for commercial business growth in Malaysia
- Free legal disputes service from Allianz Commercial
- Bluefin to continue acquisition spree
- Rics: Balance between buyers and sellers shifts
- New law on third-party dog insurance
- UK retail sales recover in February
- Prudential eager for Hong Kong listing
- Oil prices hit $82.41 extending last weeks gains
- European version of the IMF being considered
- Nomura Asset Management appoints CIO
- Landlords support FSA regulation of buy-to-let finance
- Mortgage availability increases over the past month
- Bovis Homes FY profits meet expectations
- Belgravia square retains its title as most expensive place to live
- Elgar 20 banknotes to be withdrawn
- RBS branch sale hit by funding gap
- Virgin opts for monthly current account fee
- Coventry and Stroud & Swindon in merger talks
- Offshore tax amnesty deadline draws close
- Icelanders vote against Icesave compensation deal
- Copper gains on US jobs data, China comments
- Landlord lending restrictions risk housing shortage
- Supermarket giant branches out into estate agency market
- Halifax reports 1.5% fall in house prices in February
- CML: Home ownership continues to fall
- Copper up on weaker dollar
- Crude prices gain despite higher US inventories
- Crude prices gain on better sentiment
- Copper prices climb after Chile quake
- Crude oil prices rise despite gains in US inventories
- Metals prices mixed in New York, London
- Crude prices up but US retail gasoline still falling
- Crude oil prices down on inventories, new China bank rules
- Crude oil gains in New York after early declines
- Gold down slightly in NY on stronger dollar
- Bad weather in US raises oil prices
- Copper prices up after last weeks declines
- WTI, Brent crude drop more than $4 per barrel on session
- Copper, other metals continue price declines
- Copper in big declines on economic concerns
- Copper, other metals gain again
- Crude, precious metals prices fall; base metals mixed
- Oil prices fall as US inventories swell
- Crude oil trades lower, but most metals prices rise
- Crude prices up despite rising oil, gasoline inventories in US
- Crude oil, metals prices start year with gains
- Crude prices up, metals lower ahead of holidays
- Natural gas prices rise as other energy, metals prices decline
- Crude oil, metals prices jump on data
- Crude falls in New York, metals gain on session
- US inventories send oil prices lower
- Wall Street ends lower despite rate cut
- Asia-Pacific, Europe equities see declines
- Hang Seng adds 10.72 percent on session
- Indias Sensex drops 1,408 points on session
- Australian markets drop for 9th straight day
- Taiex gains on opposition win in parliamentary elections
- Hang Seng drops nearly 400 points
- Most Asia-Pacific markets drop on US recession worries
- Tokyo declines on export worries
- Asia-Pacific equities mixed on economic concerns
Nationwide Building Society has reported that the total number of savers is now at its highest level since May 2008.In February eight out of 10 consumers described themselves as either regular or occasional savers, a rise that may be due to the corresponding increase in consumer confidence.The last Nationwide Consumer Confidence Index saw a six […]
Copper traded about even at $3.41 per pound in New York in afternoon trade Tuesday, but it added $40 to $7,510 per tonne on the London Metal Exchange.The declines came after inventories in warehouses monitored by the LME dropped 2,700 tonnes on the session to 538,875 tonnes during the session to their lowest levels since […]
International general insurance and reinsurance group Brit Insurance has announced the appointment of Bill Jackson as senior VP of Property Direct and Facultative for its US operations.He brings with him over three decades of re/insurance experience, and extensive knowledge of underwriting, management and marketing.He joins Brit from Burt and Scheld, where he worked as senior […]
European insurer and reinsurer Glacier Group has released its financial performance figures for 2009.Net income for the year was more than double that of 2008, rising by $34m to $60m, with return on equity rising from 5% to 12%.Total gross written premiums declined by $100m to $469m, a fall that occurred due to Glacier’s decision […]
Figures published by the Pension Protection Fund (PPF) have revealed a sharp fall in the deficit of the UKs defined benefit pension schemes.According to the PPF, the deficit was trimmed to 15.1 billion at the end of February from 51.9 billion at the end of January.It is also a significant improvement on February 2009 when […]
Equities markets in Europe were mixed Tuesday.The FTSE 100 was down 0.08 percent to 5,602.3 in London, while the FTSE 250 fell 0.12 percent to 9,774.68.Waste management company Shanks Group (LSE: SKS) was the biggest decliner of the day in London as it dropped 15.12 percent on the 250 after its board of directors rejected […]
Telecoms company Vodafone has announced plans to cut a further 375 jobs as part of its 1 billion cost-cutting programme, undertaken last year by the company as a result of a sharp decline in revenues from its core UK market. The company, which is the worlds largest mobile phone operator, said the job losses would […]
Chevron, which is the second biggest US oil company, announced today it is looking for a buyer for its refinery in Pembrokeshire.The oil giant, which owns the Texaco filling stations brand, is allowing up to two years for the sale but has told Sky News today that it could not rule out shutting the plant […]
The Financial Services Authority (FSA) has published feedback on its plans to reform the Payment Protection Insurance (PPI) market and at the same time announced a further consultation on a revised package of measures aimed at ensure customers are treated consistently and fairly, either when buying new PPI policies or making a complaint about an […]
Unemployed people across Europe will be given the opportunity to set up their own business with money from a new EU micro-loan fund.Up to 45,000 budding entrepreneurs could be helped by the initiative over the next eight years.The 100 million fund was announced this week by the European Union’s Employment and Social Affairs ministers.Ministers said […]
Women who fail to contribute to a pension fund could be leaving themselves open to difficulty during their retirement years, a pensions expert has claimed.Laura Goodman, director of corporate communications at Rockingham Retirement, said an increasing number of women are not putting money aside for retirement.She made the comments after research by Standard Life found […]
Santander’s ISA has been rated top in Moneynet.co.uk’s best buy charts for the fourth year in a row.The ISA, paying 3.5%, pipped Barclay’s offering to the top spot.Both Barclays and Santander are paying high rates than the best one-year fixed-rate ISAs.“The Isa market is really taking shape as we approach the annual hot bed of […]
According to property website, Rightmove, the proportion of people who plan to buy a home who are first-time buyers has fallen for the second quarter in a row to almost 26%.Rightmove said the situation is worse in Scotland, where only one fifth of people planning to buy a home in the coming year are first-time […]
The Office for National Statistics (ONS) has today revealed the UKs trade gap widened unexpectedly in January to a 17-month high.The news disappointed markets and sent the already weak pound falling. Sterling fell 0.4% to 1.10 at mid morning and lost 0.75% against the dollar to fall below the $1.50 mark. Sterling has lost around […]
The mortgage arm of the KCB (Kenya Commercial Bank), S&L, has seen its pre-tax profits skyrocket by 118% to achieve 2009 profits of Ksh1.015bn, up from 2008’s pre-tax profit of Ksh.465m.Total asset rose from Ksh11.5bn to Ksh.19.2bn, with operating expenses declining by 10%, year-on-year.Mortgage Division Director Caroline Kariuki, formerly MD of S&L, has cited a […]
Liberty International Underwriters Europe (LIU Europe) has appointed Matthew Hogg as vice president.Based in London, Mr Hogg will lead the group’s newly established Strategic Assets division.The unit has been set up to underwrite a range of specialist risks, including intellectual property, reputational risks, cyber insurances and non-material damage business interruption.Having joined LIU Europe from Marsh […]
There is mounting speculation regarding the prospect of a merger between Coventry Building Society and Stroud & Swindon Building Society.In response to the speculation of the rumour mill, the Boards of the two societies have issued a statement confirming that discussions are taking place.However, a conclusion is not imminent, and a merger is by no […]
Bupa’s “How Are You Britain” report indicates that almost half of the country’s workforce is less than happy.In a poll of over 2,000 people, 49% said they were feeling “unfulfilled” in their jobs, and 21% were annoyed by a lack of career progression.The health insurer is therefore recommending some simple changes that can make a […]
The UK housing market experienced a shift in the balance between supply and demand in February, with new instructions outpacing buyer interest for the second consecutive month.According to the Royal Institution of Chartered Surveyors’ (RICS) latest housing market survey, a net balance of 15% of surveyors reported a rise, rather than a fall, in new […]
AXA has announced that its Malaysian subsidiary, AXA Affin General Insurance Berhad, has received approval from Bank Negara Malaysia (the country’s central bank), to acquire 80% of BH Insurance Berhad.AXA general insurance chief executive officer, Jan van den Berg, describes the move as “important for the long-term growth of AXA in Malaysia” because it will […]
Allianz Commercial is offering a free legal disputes service to all of its SME policyholders. The service, which is being provided in conjunction with Allianz Legal Protection, aims to assist SME customers with contract and professional negligence disputes. It offers a free legal assessment of any dispute by a commercial solicitor and, if the the […]
Bluefin Insurance Services has confirmed ambitious acquisition plans spanning the next three years.The AXA-owned broker already has over 50 branches, having acquired Lakeland Insurance Brokers and Lakeland Insurance Advisers in 2009.The firm currently has six acquisitions in the pipeline and looking ahead, believes the current economic climate “is likely to yield further good prospects”.It is […]
According to the Royal Institution of Chartered Surveyors (Rics), there appears to be a shift in the housing market. In the latter half of last year, house prices started to rise as a shortage of properties on the market and high demand from buyers pushed up prices.However, this may be changing after new instructions outpaced […]
The Government is considering plans for legislation that will demand every dog owner in the UK carries third-party insurance against their pet causing injury to a person.Concerns that dogs are being bred solely for the purpose of intimidating others have led ministers to review the Dangerous Dogs Act 1991.According to Home Secretary Alan Johnson: “The […]
The British Retail Consortium (BRC) has today revealed the High Street recovered in February after a dismal January, which saw shoppers avoid the stores due to the heavy snowfall.According to the BRC, like-for-like sales were up 2.2% on the year but analysts issued caution since the figures compare with poor trading in February 2009.Furthermore, food […]
Prudential is accelerating its plans to list on the Hong Kong Stock Exchange.The insurer has recently agreed terms with American International Group (AIG) to acquire AIA, the Asian business of the embattled US insurance giant, for $35 billion in cash and shares.Once the sale was agreed, AIG decided not to pursue an initial public […]
Positive economic data has resulted in a rise in US crude oil today to $82.41 extending last weeks gains.Oil has risen by 18% since early February since investors have become more optimistic that an improvement in the global economy would increase demand for oil.Meanwhile, Brent North Sea crude for April rose 73 cents to $80.62 […]
As a result of the Greek debt crisis, the euro zone may get its own version of the International Monetary Fund (IMF), the EU said today.The proposed institution, which could be known as the European Monetary Fund (EMF), is being considered to prevent a repeat crisis but would not be set up to organise a […]
Nomura Holdings, Inc.’s wholly owned subsidiary Nomura Asset Management Co. Ltd. has announced the appointment of Yoshihiro Namura as chief investment officer.Namura, who assumes his post from 1 April, will be supported by newly appointed chief investment officers of Equities and Fixed Income.President and CEO of Nomura Asset Management Atsushi Yoshikawa has praised Namura’s experience […]
Most of the UK’s landlords support stronger regulation of the buy-to-let lending sector, according to a survey conducted by LSL Property Services.Buy-to-let loans have so far been excluded from Financial Services Authority (FSA) regulation because they have been seen as investment finance.However, a study by the letting agents’ network suggests that 60% of landlords are […]
According to financial information service, Moneyfacts, the number of mortgage products have increased over the past month. The news will undoubtedly be welcomed by first-time buyers - many of whom have been locked out of the market as a result of having little or no deposit.At the start of this month, there were 1,798 mortgage […]
Housebuilder Bovis Homes has today announced it has returned to profit as the housing market recovered in the latter half of last year.The group said full-year results were in line with forecasts and posted a 2009 pre-tax profit of 4.8 million, against a 78.7 million loss in the previous year.The housebuilder said the recovery of […]
Research by housing information website Mouseprice.com has found Chester Square in London’s Belgravia retained its status as the most expensive place to live in 2010 with an average property value of 6.6 million.According to Mouseprice, in the last year alone, prices have surged by 300,000 in Chester Square, whose previous residents include former Prime Minister […]
The Bank of England has announced that the 20 banknotes depicting composer Sir Edward Elgar are to be removed from circulation from 30 June.The Elgar notes are presently being used alongside the new Adam Smith 20 note, and will remain legal tender up to and including 30 June.After that date, the Elgar 20 note will […]
A funding gap of around 2 billion could halt RBS’s proposed sale of 320 branches, The Sunday Times has reported.According to the newspaper, a problem has emerged because the loan books of the branches in question are being supported by the Bank of England, and a prospective buyer would need to be in a position […]
Virgin Money will be doing a balancing act when it launches as a retail bank by charging a monthly fee for current account customers, in return for reasonable overdraft rates.The group’s chief executive, Jayne Gadhia, told the BBC that Virgin is focused on making sure its customers know what they’re paying for by charging up […]
Coventry Building Society is reported to be in merger talks with Stroud & Swindon.Coventry is the UK’s third-largest society with a 48-strong branch network and over one million members.Stroud & Swindon ranks 10th having 22 branches across the South West, and a Gloucestershire-based customer contact centre.A tie-up between the two could create a society with […]
Savers with offshore accounts who have informed HM Revenue & Customs that they are taking advantage of its latest disclosure opportunity are reminded that they have until 12th March to settle-up online.The deadline for those completing a disclosure on paper passed on 31st January and HMRC expects online participants in the amnesty to pay all […]
The Icelandic government’s plans to repay a total 3.5 billion to authorities in the UK and the Netherlands have met with a decisive “No”.The debt, which relates to the collapse of Landsbanki’s online savings brand, Icesave, equates to around 12,000 per Icelander.Results so far from a referendum on the compensation deal indicate that 93% of […]
Copper prices were up Friday, helped by better jobs data for the United States and more optimism that demand for the metal from China will not be hurt by the Asian nations monetary policy.The US Labor Department reported that only 36,000 non-farm jobs were lost to the economy in February, rather than the 50,000 jobs […]
Asking rents rose by 1.2% in February and the news has prompted LetAssured managing director, David Plaister, to warn that a severe housing shortage looms if buy-to-let lending restrictions are not lifted. According to the latest index from FindaProperty.com, the average UK rent stood at 814 pcm last month, the number of properties available having […]
Supermarket giant Tesco is back in the property market through estate agency Spicerhaart.Spicerhaart has launched an online estate agency service with the backing of Tesco and the new website is called iSold.com - initially targeted at sellers and buyers in Bristol.Steve Shore of iSold said: “We are offering a full estate agency service without the […]
The Halifax has today revealed a 1.5% fall in house prices for the month of February compared with January.However, on an annual basis, house prices are still 4.5% higher than a year ago, while the average UK home costing 166,587. According to the Halifax, which is now owned by the Lloyds Banking Group, it was […]
According to the Council of Mortgage Lenders (CML), home ownership in the UK continues to fall - as a result of affordability pressures and a shortage of new homes.During the 10-year period, 1999 and 2009, the number of new homes built each year has been between 130,000 to 170,000. However, according to estimates from the […]
Copper prices were up again Wednesday as the US dollar weakened and cancelled warrants in London Metal Exchange-monitored warehouses were up, but gains were limited by a return to production of mines in Chile after stoppages due to last weekends magnitude 8.8 earthquake there.Additionally, demand from China remains week, hurting prices.Three month copper was up […]
The US Energy Information Administration reported Wednesday in its weekly inventories report that crude oil in US storage added 4.1 million barrels last week to 341.6 million barrels, above the expected build of 1.1 million barrels but 3.7 percent below stockpiles last year at this time.Additionally, the EIA said that gasoline inventories were up by […]
Crude oil prices were higher Tuesday as investors were more optimistic that a plan to help the Greek economy will be forthcoming soon.Additionally, there were hopes that demand will improve, while the US dollar weakened to make oil less expensive for buyers making purchases with other currencies.The Energy Information Administrations weekly US inventories report is […]
Copper prices were higher Monday in the wake of a magnitude-8.8 earthquake which shook parts of Chile over the weekend, but prices fell back slightly once it became clear that there was little or no serious damage to Chilean copper mine from the quake, although interruptions to power supplies could hurt production, a quarter of […]
Crude oil prices were higher Thursday even after the US Energy Information Administration reported that crude inventories added 3.1 million barrels last week, up more than the expected gain of 1.65 million barrels.At around 1 p.m. in New York, March contracts for West Texas Intermediate crude were up 83 cents to $78.16 per barrel on […]
Metals prices were mixed Wednesday for both base and precious metals.May copper added 2 cents to $3.26 per pound in New York trade, while three-month contracts on the London Metal Exchange ended the session $14 lower to $7,130 per tonne, but not before hitting a three-week high at $7,240 per tonne earlier.Early gains were driven […]
Crude oil prices were higher Tuesday after a new report showing that manufacturing activity is on the rise in the New York region and on a weaker US dollar that made purchases in other currencies cheaper for buyers.In midday trade in New York, March contracts for West Texas Intermediate crude had added $2.82 to $76.95 […]
Crude oil prices fell in New York after the US Energy Information Administration said that stockpiles of both crude oil and gasoline jumped more than expected last week, and on another increase in how much cash the Chinese government will require banks to keep in reserve as a way to curb lending there.In a report […]
The price of crude oil was up slightly in New York in afternoon trade on Wednesday as March contracts for West Texas Intermediate crude added 67 cents to $74.42 per barrel on the New York Mercantile Exchange less than half an hour before the close of floor trade.Earlier, in late morning trade, March contracts were […]
The price of gold fell slightly in New York, hurt by a stronger dollar versus the euro on the likelihood that Thursdays meeting of European Union policymakers will not result in an agreement to help Greece with its mounting debt problems.The gains by the dollar made gold look less interesting as an investment, sending the […]
Crude oil prices were higher Monday as much of the East Coast of the United States tried to recover from a storm that brought several feet of new snow to some areas and ahead of another storm which is expected to bring even more snow and cold weather.The National Weather service has forecast below normal […]
Copper prices saw gains Monday on bargain buying after last weeks declines, which sent the price of copper 20 percent lower than its year-to-date peak right after the beginning of January.March copper added 6 cents to $2.91 per pound in New York trade, while three-month copper on the London Metal Exchange gained $185 to $6,450 […]
Crude oil prices were much lower Thursday after the US Labor Department reported that first-time unemployment claims were up last week to 480,000, their highest level in seven weeks.March contracts for West Texas Intermediate crude was down $4.31 to $72.67 per barrel near the close of floor trade on the New York Mercantile Exchange, while […]
Copper prices were down significantly again Thursday as the euro fell in relation to the dollar on concerns about soaring debt in some European nations.March copper was down 9 cents to $2.88 per pound in New York trade, while three-month contracts for the metal used in construction and manufacturing were dropped $200 to $6,390 per […]
Three-month contracts for copper on the London Metal Exchange dropped $230 to $6,590 per tonne on Wednesday, a two-and-a-half month low, as investors continued to worry about how China’s tighter monetary policy might affect demand.Concerns also focused on the pace of worldwide economic recovery as March copper fell 12 cents to $2.97 per pound in […]
The price of copper was up again Tuesday, helped by the recent good news on US manufacturing and the US gross national product.March copper was up a cent to $3.09 per pound in New York trade, while three-month contracts for the metal added $29 to $6,820 per tonne on the London Metal Exchange.Also tending to […]
Crude oil prices fell again Friday, with March contracts for West Texas Intermediate crude down $1.23 to $74.85 per barrel at about half an hour before the close of floor trade on the New York Mercantile Exchange, while March Brent crude was $1.49 percent lower on the ICE Futures Europe exchange in London.Nymex February gasoline […]
Oil prices slid Wednesday after the US Energy Information Administration said that crude oil stockpiles were higher last week.In midday trade, February contracts for West Texas Intermediate crude were down 99 cents to $79.80 per barrel after going as low as $78.37 per barrel earlier in the session in the New York Mercantile Exchange, […]
Crude oil prices were lower Monday by late morning in New York after having been up slightly earlier in the session on demand from China, a weaker dollar and cold weather in the United States, but the retail price for gasoline in the US continued its upward spiral overnight.February contracts for West Texas Intermediate crude […]
Crude oil prices were down Wednesday directly after the US Energy Information Administration issued its weekly US inventories report, but by midday prices in New York had more than made back those early declines.The EIA reported that crude oil inventories grew by 1.3 million barrels last week, while gasoline stockpiles jumped by 3.7 million barrels […]
Crude oil prices rose to begin the New Year on Monday, starting out at nearly twice its price at the beginning of last year on a weaker US dollar and on weather forecasts that say that the eastern half of the US will have colder than normal weather through the middle of January.February contracts for […]
The price of crude oil was higher Tuesday, regaining early declines after the US dollar dropped gains versus the euro and on new data from the National Association of Realtors showing that existing home sales in the US grew by 7.4 percent in November over the previous month.Meanwhile, the Organization of Petroleum Exporting Countries […]
Natural gas prices were higher Thursday after the US Energy Information Administration reported that inventories dropped the most ever last week, falling 207 billion cubic feet to 3.57 trillion cubic feet , still nearly 14 percent above the five-year average for this time of year.The drawdowns came as cold weather hit major population centers […]
Crude oil prices saw gains Wednesday after the US Energy Information Administration reported that crude oil and distillates inventories fell more than expected last week and gasoline stockpiles grew less than had been anticipated, while a weaker US dollar also boosted prices.Crude oil inventories were down 3.7 million barrels in the US in the week […]
Crude oil prices were mixed Monday, falling slightly in New York trade about fifteen minutes before the close of floor trade but gaining slightly in London.January contracts for West Texas Intermediate crude were 16 cents lower to $69.71 per barrel not long before the close of the floor trade session on the New York Mercantile […]
Crude oil prices were lower Wednesday after the US Energy Information Administration reported that while crude oil stockpiles fell by 3.8 million barrels during the week ending 4 December, gasoline inventories added 2.2 million barrels and distillates, including heating oil and diesel fuel, added 1.6 million barrels to storage.At about half an hour before the […]
Wall Street was up right after the Federal Reserve announced on Wednesday that it was cutting its main interest rate by half a percentage point to 3 percent, but the markets ended the session lower. The Dow Jones Industrial Average dropped 0.3 percent to 12.442.83 while the Nasdaq Composite was down 0.38 percent to […]
Asia-Pacific equities markets headed lower on Monday as investors worried that not only the US economy but also the Japanese economy are headed for recession. In India, the Sensex ended the session 1.14 percent lower at 18,152.78. Taiwans Taiex index fell 3.28 percent to 7,845.79 while the FTSE Straits Times Index was down […]
Hong Kongs Hang Seng index saw its biggest one-day gain in a decade and its largest points gain in history on Wednesday when it added 2,332 points, or 10.72 percent, to 24,090.17 on the heels of Tuesdays surprise interest rate cut from the US Federal Reserve. The big gains came after the index had […]
As financial markets in the United States took the day off to celebrate the birthday of Rev. Martin Luther King Jr., equities markets in the Asia-Pacific region plunged on growing worries that the US economy is either already in or will soon enter a recession. Markets in Hong Kong and in India dropped more […]
Equities markets in the Asia-Pacific region were mixed on Thursday. Among losers on the session, Australian markets were down for the 9th consecutive session, their longest losing streak in more than a decade. The S&P/ASX200 was down 0.23 percent to 5,796.1 while the Sydney Ordinaries fell 0.24 percent to 5,857. During the […]
Most Asia-Pacific equities markets were lower Monday on continuing worries that the US economy is headed for a recession. The main exceptions were the Shanghai Composite and Taiwans Taiex index. The Taiex added 1.79 percent to 8,173.41 after the opposition party managed a big win in parliamentary elections. The Kuomintang party, which […]
Equities markets in the Asia-Pacific region were lower on Thursday on further concerns about US credit markets. The main exception to losses was the Shanghai Composite, which added 0.38 percent to 5,456.54. Australian indices saw the least of the losses as the S&P/ASX200 fell 0.15 percent to 6,078.7 and the Sydney Ordinaries dropped […]
Most equities markets in the Asia-Pacific region were lower on Monday as analysts and investor worried about the possibility of recession in the US. Last week, the US Labor Department issued disappointing employment data for December, and reports from the Institute for Supply Management showed that manufacturing had contracted in the month and the […]
Most Asia-Pacific equities markets were higher on Friday. The main exception were Tokyos markets, where the Topix had its worst opening day of the year in history, falling 4.32 percent to 1,411.91. The Nikkei also saw substantial declines, dropping 4.03 percent to 14,691.41, while the Mothers market of small and mid-caps fell 4.67 […]
Equities markets in the Asia-Pacific region were mixed on Wednesday after reports that the economies in both South Korea and Singapore are slowing and on the news that the bombing of an army bus in Colombo, Sri Lanka, had killed four. The Straits Times index was 0.61 percent lower to 3,461.22 in Singapore on […]
