News
Latest IFNN Headlines:
- Landlords unmoved by new LHA limits
- Eurozone growth forecast uplifted
- Broker banned for using 570k of client money
- 5 notes to be reconciled with ATMs
- US pending home sales data helps copper prices
- Data, new rig fire send crude prices higher.
- Commerzbank sells off Dresdner Bank Monaco
- Brewin Dolphin appoints Shrewsbury quartet
- Go-Ahead Group leads travel, leisure sector higher in London
- Standard Life to cut 500 jobs
- RBS to cut 3,500 UK jobs
- Marsh launches contamination cover for water utilities
- Allianz hires household claims operations manager
- VTB reports record profits
- Northern trust appoints Netherlands country head
- Deutsche Bank opens Copenhagen office
- Lloyds acquires stake in Mountain Warehouse
- Detached homes put on 91 a day
- US factory data offset double dip recession fears
- Nationwide considers mortgage market changes
- Nationwide: house prices fall for second month in a row
- Positive data chases gold prices lower
- Manufacturing data sends crude prices higher
- Deutsche Bank appoints Kazakhstan chief
- Cable & Wireless Worldwide, TUI Travel up on sale rumors
- Soaring bad debt hits credit card lenders
- Aon expands renewable energy team
- Avivas RAC launches misfuelling service
- Road rage benefits valued by scarce
- NBG Group announces H1 profits
- Eurobank reports declining profits in H1
- Australias economy shows promise
- swiftcover reveals insurance claims tricks
- Crude prices fall ahead of inventories data
- Homeowners give thieves a sporting chance
- Annuity rates hit all-time low
- Policy Exchange highlights social tenant trap
- Gold gains on search for safetey ahead of economic data
- Crude prices drop ahead of US data
- Gold gains as US dollar weakens
- Crude prices rise, but US retail gasoline prices continue to decline
- Gold prices fall on US jobs news
- US jobless claims help crude prices
- US durable goods orders, new home sales drive metals price moves
- Crude prices rise slightly despite stockpile gains
- Gold gains, copper drops on US home sales data
- Crude prices drop on decline in US home re-sales
- Stronger dollar pushes crude prices down again
- Bovis: Consumers hit by spending cuts and tax hikes
- Copper prices fall on economic, demand concerns
- Crude prices at lowest level in six weeks
- US unemployment numbers hurt copper prices
- Mortgage lending continues to rise but experts remain cautious
- Copper prices gain on more inventory declines
- ITVs Tonight programme features nightmare tenants
- Aldermore extents BTL mortgage range
- Tenant arrears account for 46% of landlord possessions
- Second-home ownership continues to rise
- In-betweens forgotten in social housing
- Asking prices down in August, say Rightmove
- 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
Changes to Local Housing Allowance (LHA) could leave a third of claimant tenants in the private rental sector unable to pay their rent in full.In June’s emergency budget, Chancellor of the Exchequer, George Osborne, announced that LHA would be capped at 250 per week for a one-bedroom property and 400 per week for a four-bedroom […]
The European Central Bank (ECB) is feeling more optimistic about growth in the eurozone, having raised its forecast for GDP growth to between 1.4% and 1.8% for 2010, and between 0.5% and 2.3% in 2011. Explaining the revision, ECB president, Jean-Claude Trichet, said: “Euro area real GDP grew strongly on a quarterly basis, increasing by […]
The Financial Services Authority (FSA) has imposed a lifetime ban on David Marriott, a former chief executive of two insurance intermediaries:Target Underwriting Ltd and Professional Insurance Select Ltd.Mr Marriott failed to segregate and protect money from clients insurance premiums and used client money to support the day-to-day finances at both failing firms. He also used […]
The five pound note is to re-establish itself in the wallets and purses of the nation on the news that all banks and building societies will be dispensing fivers from ATMs in the future. Currently, scarcity means that 5s change hands many more times than other notes before being returned for sorting and the increased […]
The price of copper was up Thursday after the National Association of Realtors reported that pending home sales were unexpectedly higher in July, adding 5.2 percent to give a boost to the metal that is used extensively in construction.December contracts for copper added 3 cents to $3.50 per pound in New York trade, while three-month […]
Crude oil prices were up Thursday, driven first by hopeful economic news from the United States and then later by the news of another explosion and fire at an oil platform in the Gulf of Mexico. The explosion and fire damaged a rig belonging to Mariner Energy, Inc (NYSE: ME) off the coast of Louisiana, […]
Commerzbank has announced that it has successfully completed the sale of Dresdner Bank Monaco S.A.M. to the Lebanese Bank Audi sal-Audi Saradar Group.The news follows the transaction receiving the necessary regulatory green lights.The Bank Audi sal-Audi Saradar Group will now acquire Dresdner Bank Monaco, which focuses upon providing clients in southern France, Monaco and northern […]
Independent private client investment manager Brewin Dolphin has announced the expansion of its Shrewsbury branch.A trio of divisional directors (Andrew Barr, Verity Criddle and William Eyre) bolster the Shrewsbury team, as does Assistant Director Rupert Harvey.In addition to the 70 years’ worth of experience the branch benefits from with their appointment, it will also be […]
European equities markets were mixed Thursday after the European Central Bank held Eurozone interest rates at 1 percent and issued a higher growth outlook for the region, while Swedens central bank hiked rates there to 0.75 percent from 0.5 percent, the second consecutive increase from Riksbank. Better economic news from the US helped gains in […]
Standard Life has announced up to 500 job losses over the next 15 months, as the group continues its cost reduction programme.The life and pensions provider may be cutting as many as 600 jobs, mostly at its Edinburgh base, while at the same time creating up to 100 new posts.It is understood that 100 of […]
Royal Bank of Scotland (RBS) is to cut 3,500 UK jobs as it closes up to 12 offices and completes the sale of 318 branches (as required by the EU Competition Commission) to Santander.The 84% state-owned group is continuing a restructure having already reduced its headcount by around 4,000 last year.According to a BBC report, […]
Marsh has launched a product designed to protect water utility companies against the cost of a serious contamination incident.With industry regulation tightening and the threat of terrorism increasing, water utility firms globally are firming up their attitude to risk and the insurer claims the policy is the first of its kind.It can provide cover of […]
Allianz has announced the appointment of Gary Coton to the position of household claims operations manager.Coton brings to the post 17 years of experience, and most recently worked for AIG where he was tasked with enhancing the efficiency of operations pertaining to the Premium Booking and Accounts Receivable process. In his new role he will […]
VTB Group has reported its unaudited results for the first six months of 2010, including a record half-year net profit of RUB25.1 bn.The result is even more impressive considering it incurred a net loss of RUB31.5bn during the corresponding period last year.Corporate Banking also saw an improvement, with pre-tax profits rising to RUB18.3bn, with Retail […]
Northern Trust has announced the appointment of Wim van Ooijen as country head of Northern Trust The Netherlands.Van Ooijen succeeds Eric Pouwels, who vacates the role to take up his new post as director of Strategic Development for Europe, Middle East and Africa (EMEA). He has been with the firm for six years, and previously […]
Deutsche Bank has announced that it is to open a branch in the Danish capital of Copenhagen.Denmark is one of the German financial institution’s key areas for growth and opportunity, particularly for its Corporate and Investment Banking divisions.Klaus Bisgaard has been named as the leader of the new branch, which will focus upon provision of […]
Lloyds Banking Group is reported to have purchased a minority stake in Mountain Warehouse.The private equity arm of the bank is understood to have acquired a 20% share in the outdoor specialist, which has plans to extend its branch network.The acquisition has reportedly been made from Icelandic investment firm, Arev, which became involved with the […]
The average price of a detached family home has risen by more than any other property type over the past year. According to new research from Halifax, owners of detached properties saw the value of their homes increase by 91 a day over the year to the end of June, with a 13% leap taking […]
The US Institute for Supply Management (ISM) has offset fears of a double dip recession in America by reporting a rise in its index of factory activity, to 56.3 in August, up from 55.5 in July. A reading in excess of 42%, over a period of time, generally indicates an expansion of the overall economy […]
Nationwide has noted significant changes in the UK mortgage market in the past two years. Attractive standard variable rates have meant fewer borrowers coming to the end of fixed-rate deals have remortgaged onto a new fix, with the proportion of mortgage balances on fixed rates falling from 48% to 36% between the final quarter of […]
UK house prices saw their second consecutive monthly fall in August, according to Nationwide. The lender recorded a 0.9% decline in the average value of a home, following a 0.5% month-on-month fall in July. The annual rate of inflation remained in positive territory at 3.9% but was down sharply, from 6.6% in July and 8.7% […]
Precious metals prices were mixed in New York trade Wednesday as platinum and palladium gained but gold and silver both declined after both the United States and China reported data showing that manufacturing activity in the two nations expanded last month.In the United States, the Institute for Supply Management said that its manufacturing index was […]
Crude oil prices were higher Wednesday after the Institute for Supply Management said its manufacturing index was up to 56.3 in August, from 55.5 in July and better than the decline to 52.8 which had been expected by analysts, indicating that manufacturing activity in the US expanded last month. A separate report from Chinas Federation […]
Deutsche Bank has announced the appointment of Ulf Wokurka as chief country officer in the Republic of Kazakhstan.He brings more than two decades of banking experience to his new position, including 16 years occupying senior management positions within Deutsche Bank.Wokurka has worked in London, New York and Central and Eastern Europe and established the bank’s […]
European equities markets saw significant gains Wednesday as investors ignored disappointing news in the region in favor of better news from around the world as purchasing managers indexes in the US and China were higher in August. In the US, the Institute for Supply Management said its manufacturing index was at 56.3 in August, up […]
UK banks are facing mounting losses from credit card customers, with figures from the Bank of England showing write-offs rising to 2.1 billion in the three months to the end of June, up from 1.3 billion in previous quarter. According to a BBC report, the 2010 total for bad credit card debt now looks set […]
Aon has appointed Bruce Grant as senior broker, renewable energy team. Mr Grant joins from Marsh, where he managed the renewable energy team and designed and placed major offshore wind policies, having co-designed what have since become the standard offshore wind policy wordings.He brings over a decade of renewable energy experience, including working on the […]
Aviva’s RAC unit has launched a specialist patrol team to aid the 400-plus motorists per day who accidentally put the wrong fuel in their cars.RAC Fuel Patrol vans are fitted with equipment to extract the contaminated fuel and flush the vehicle’s fuel system on the spot, with motorists driving away, on average, 40 minutes after […]
Only one in eight car insurance policies offer any cover for road rage incidents, according to Defaqtos latest report on the motor insurance industry.Where they do exist, road rage benefit limits range from 500 to 5,000, with cover for professional counselling costs usually included, and sometimes cover for physical assault.However, the firm’s general insurance insight […]
National Bank of Greece (NBG) Group has announced that in the first six months of 2010 it achieved net profits of 146m.Net interest income rose by 8%, year-on-year, to reach 2,075m, and provision coverage ratio increased by 31% to 63% (649m).The bank’s Greek activities saw a 3% rise in core income to 1,451m, but incurred […]
Eurobank EFG has released its financial results for the first half of 2010, including a 44% slump in net income to 95m.In the second quarter net income was recorded at 34m, approximately half that of the 61m net income achieved in Q1.However, the picture was mixed, with Central and Southeastern Europe emerging from the red […]
Latest figures from the Australian Bureau of Statistics show the country’s GDP growing by 1.2% in the second quarter of 2010, compared with 0.7% in the previous three month period. The spurt, which was driven by a 1.6% increase in household expenditure and an increase in exports of 5.6%, puts economic growth at 3.3% for […]
Online car insurer, swiftcover.com, is suggesting that motorists are increasingly trying to get insurers to pay for old damage and normal wear and tear as part of genuine insurance claims.To combat the trend, the company has published the top insurance claims tricks and misconceptions as follows:The Two For One claim – a driver will pass-off […]
Crude oil prices dropped Tuesday even though consumer confidence was reported higher in the US in August as the Conference Boards Consumer Confidence Index was at 53.5, up from 51 in July, which is still far below the reading of 90 which is considered to indicate a healthy economy. A home price index also was […]
Specialist home insurer Hiscox has commissioned research which reveals that homeowners are exposing themselves by leaving valuable sports equipment, unsecured, in gardens and garages.The goods, with an average value of 770, are left in gardens and car boots by 53% of the professionals surveyed.More than a quarter (26%) also admitted that their gardens and outbuildings […]
Annuity rates have hit an all-time low, according to new research from Moneyfacts.co.uk.Insurers that provide annuities offer a monthly income in exchange for a retiree’s pension pot and rates have apparently been falling steadily for months.The financial website claims that the average rate for a male aged 65 purchasing a level without guarantee annuity (based […]
A new report from a right-wing think tank that holds sway with Tory ministers is recommending a radical overhaul of UK housing policy.Policy Exchange is convinced that Britain is suffering from a housing crisis that affects both social tenants and those struggling to buy their own homes.It is therefore calling for a big increase in […]
Precious metals prices were mixed Monday as gold advanced but silver held steady and platinum and palladium both declined.December gold added $1.30 to $1,239.20 per troy ounce on bargain hunting and as investors looked for safe places to put their cash ahead of new data due later in the week, including new figures on US […]
Prices for crude oil were lower Monday as equities markets in the US and Europe retreated and ahead of new data due this week, including Julys US employment numbers from the Labor Department, and manufacturing and productivity data from the United States. Hurting prices was a report from the Commerce Department, which showed that personal […]
The price of gold was higher Friday on the possibility that the US dollar will weaken more, after it lost value on comments from Federal Reserve Chairman Ben Bernanke at a meeting of central bankers from around the globe being held this weekend in Jackson Hole, Wyoming.Mr. Bernanke said that the government will do whatever […]
Crude oil prices were higher again Friday, but the retail price of gasoline in the United States was down for the 17th consecutive day. October contracts for West Texas Intermediate crude were up 73 cents to $74.09 per barrel at just past 1 p.m. on the New York Mercantile Exchange, while Brent crude had added […]
The price of gold fell Thursday as more investors looked for riskier investments after better news than expected on US jobless claims and as others had to sell gold after midday to cover losses as New York equities markets turned from gains to losses.December gold was down $3.60 to $1,237.70 per troy ounce in New […]
Crude oil prices were a bit higher Thursday as the US dollar weakened and as new jobless claims in the United States were reported lower last week. The US Labor Department reported that there were 31,000 fewer new filings for unemployment benefits last week, to 473,000 new claims, the first decline in a month. In […]
New economic data from the US sent precious metals prices higher and base metals prices lower Wednesday as investors worried that the global economy is slowing down and looked for safe places to put their cash.December gold added $7.90 to $1,241.30 per troy ounce in New York trade as US durable goods orders were up […]
Crude oil price were slightly higher in afternoon trade Wednesday despite unexpected stockpile gains and new data that did not inspire confidence that the economy is improving. October contracts for West Texas Intermediate crude was up 58 cents to $72.21 per barrel in afternoon on the New York Mercantile Exchange after going as low as […]
Precious metals prices were higher Tuesday, but copper and other base metals were lower after US home sales data disappointed.December gold was up $4.90 to $1,233.40 per troy ounce as equities markets dropped and investors looked for safe places to put their cash after the National Association of Realtors reported that July existing home sales […]
Crude oil prices were lower again Tuesday, finding an 11-week low, with declines coming on a new US home sales data from the National Association of Realtors. The industry group reported that re-sales of homes in the US fell 27.2 percent in July, with single family homes hitting their lowest level in fifteen years, raising […]
Crude oil prices were lower again Monday after the US dollar strengthened and most US equities markets moved very little, and after crude opened higher on hopes that recent mergers rumors and activity meant that economic conditions were improving. October contracts for West Texas Intermediate crude had dropped 86 cents to $72.96 per barrel in […]
Housebuilder Bovis Homes has today claimed the coalition Governments spending cuts and tax hikes have dented consumer confidence.Its claim comes as the company reported a pre-tax profit of 3.5 million in the first half of 2010, compared with a loss of 8.6 million for the same period last year,Meanwhile, it added it planned to pay […]
Copper prices dropped again Friday on concerns that recent data indicates that recover from the recession is faltering, which in turn raised fears that demand for the metal will decline, while a stronger US dollar also hurt prices because it made copper more expensive for purchasers using other currencies.September copper was down 3 cents to […]
Crude oil prices fell again Friday, to its lowest level in six weeks, as the US dollar strengthened, global equities markets saw declines and investors continued to worry about the state of recovery from the recession. September contracts for West Texas Intermediate crude was down $1.09 to $73.34 per barrel in afternoon trade on the […]
Copper prices fell Thursday, hurt by the US Labor Departments weekly report on unemployment claims and a regional report that showed a drop in manufacturing activity.The Labor Department reported that new unemployment claims were up by 12,000 last week to 500,000, against an expected decline of 10,000 to 478,000, to their highest level in nine […]
The Council of Mortgage Lenders (CML) has today reported a further rise in mortgage lending.According to the CML, the amount of money lent in new mortgages totalled 13.6 billion in July - a 5% rise compared with June.However, lending is 3% lower against June 2009 and the CML cautions that the mortgage activity is expected […]
Metals prices were mixed Wednesday as copper and gold saw gains, but most other metals prices declined in New York and London trade.September copper added 1 cent to $3.35 per pound in New York trade, while three-month contracts for the metal used in construction and manufacturing was up $8 to $7,390 per tonne on the […]
Paul Shamplina will be appearing on ITVs Tonight programme, “Nightmare Tenants”, on Thursday 26th August at 7.30pm, LandlordZONE has reported.Mr Shamplina, who is the founder of tenant eviction firm, Landlord Action, will comment on a number of ongoing cases where landlords are owed thousands of pounds in unpaid rent, while at the same time trying […]
Aldermore, the new intermediary buy-to-let and residential mortgage lender, will now accept applications for two properties per landlord.The lender has also introduced new two-year fixes, available at up to 80% loan-to-value (LTV), with rates from 4.78%.Three and five-year fixed rates have been enhanced, now starting from 4.88% and 4.98% respectively.Aldermore has also increased maximum loan […]
Forty-seven per cent of possessions by landlords are due to tenants not paying their rent, research from the National Landlords’ Association (NLA) suggests.The revelation follows recent NLA figures showing that a fifth of private-residential landlords had tenants in rent arrears during the second quarter of 2010.However, 23.3% of landlords surveyed had resorted to possession because […]
Second home developments have been one of the brightest spots in the UK new-build market through the recession and into the recovery, according to Knight Frank.In a new study, the estate agent finds that the number of second homes in Britain reached record levels of 245,384 in 2009, with a further rise to over 250,000 […]
The Chartered Institute of Housing (CIH), which represents people working in housing and community, is calling on housing providers and government to focus attention on developing a wider range of rented accommodation.In a new report entitled “Widening the Rental Housing Market” the organisation highlights the plight of the in-betweens, or those who arent in sufficient […]
There is further evidence of a subdued housing market after property website, Rightmove, reported a fall in asking prices in August.According to Rightmove, asking prices for residential property in England and Wales fell by 1.7% in the 4 weeks to 7 August - the second consecutively monthly fall.The group attributes the fall to a surge […]
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 […]
