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Commodities

Yellen says to expect 'gradual' interest rate hikes this year

Yellen says to expect 'gradual' interest rate hikes this year

Fri, 27 March 2015

Federal Reserve chairwoman Janet Yellen said investors should expect a "gradual" hike in interest rates by the end of the year, but warned the central bank will move cautiously. On Friday, speaking in... [more]

Ukraine housing to receive $15bn loan from China

Ukraine housing to receive $15bn loan from China

Fri, 27 March 2015

China is to loan Ukraine $15bn over the next 15 years, to aid in the development and construction of affordable housing, according to Ukraine's Ministry of Regional Development (UMRD). The loan will f... [more]

US fourth quarter GDP growth unchanged at 2.2%, exports rise

US fourth quarter GDP growth unchanged at 2.2%, exports rise

Fri, 27 March 2015

The US economy expanded 2.2% in the fourth quarter of 2014, unchanged from the government's prior estimate. The reading was slightly below consensus expectations of an upwardly revised 2.4% reading an... [more]

Egdon excited after Wressle's Penistone tests show evidence of column

Egdon excited after Wressle's Penistone tests show evidence of column

Fri, 27 March 2015

Egdon Resources said the results of flow tests at Penistone Flags, its 25% owned Wressle-1 oil and gas discovery near Scunthorpe indicated the presence of an oil column below the gas zone. Perforation... [more]

Greek finance minister ready to resign, say press reports

Greek finance minister ready to resign, say press reports

Fri, 27 March 2015

Greece's finance minister Yanis Varoufakis is getting ready to resign from his post, say press reports. Varoufakis dismissed the speculation and said in a tweet on Friday that it was "somewhat amusing... [more]

Hedge funds deserve greater scrutiny, says Fed's Fischer

Fri, 27 March 2015

Stanley Fischer, the Federal Reserve vice chairman, said that hedge funds should be subject to greater scrutiny by federal regulators. Speaking in Frankfurt on Friday, Fischer said that while the US h... [more]

Police search Germanwings co-pilot Andreas Lubitz's home

Fri, 27 March 2015

Focus of the Germanwings air crash investigation has turned towards understanding what could have motivated the flight's co-pilot Andreas Lubitz to deliberately crash the plane, as alleged by the Fren... [more]

Louis Dreyfus Commodities has no plans for an IPO, majority owner says

Fri, 27 March 2015

Privately held agricultural commodities trader Louis Dreyfus Commodities has no plans for an initial public offering (IPO), according to its largest stakeholder. Instead, Margarita Louis Dreyfus, whos... [more]

Commodities: Gold gains, while oil rises amid Yemen conflict

Fri, 27 March 2015

Gold prices rose on Thursday amid a sell-off across global equity markets, while oil prices climbed as conflict grew in the Middle East. Gold for June delivery advanced 1.8% to $1,219.76 an ounce. IG... [more]

Saudi air strikes in Yemen prompt oil price surge

Thu, 26 March 2015

Oil prices rebounded higher as Saudi Arabia's airstrikes in Yemen raised concerns that a regional conflict could shift supply and demand equilibrium. The airstrikes were aimed at rebels fighting to ov... [more]

Egypt and Saudi Arabia to launch ground operations in Yemen, report claims

Thu, 26 March 2015

A coalition of Arab countries is to launch ground operations against Houthi rebels in Yemen, according to a report. That follows last night's airstrikes by Saudi warplanes against rebel positions in Y... [more]

ECB's Draghi certain German trade surplus contravenes regulations

Thu, 26 March 2015

The president of the European Central Bank, Mario Draghi, is certain that Germany's trade surplus is in breach of European Union regulations on "excessive" trade imbalances. Many leading experts have ... [more]

Draghi says bond-buying programme will boost the Eurozone

Thu, 26 March 2015

European Central Bank (ECB) president Mario Draghi said the ECB's bond-buying programme will boost Eurozone economic recovery. "Monetary policy is reinforcing the cyclical recovery," Draghi said on Th... [more]

US Fed will move carefully when raising interest rates

Thu, 26 March 2015

The US central bank will move in a very deliberate fashion when it begins to normalise its monetary policy, so there is little risk that it might be forced to backtrack, a policy-maker said on Thursda... [more]

US unemployment claims fell unexpectedly last week

Thu, 26 March 2015

The US labour market continued to tighten in the latest week for which data is available. Over the seven days ending on 21 March initial weekly unemployment claims fell by 9,000 to reach 282,000, acco... [more]

Loans to the private sector pick up in euro area

Thu, 26 March 2015

The rate of growth in the Eurozone's money supply accelerated slightly in February, as the pace of decline in short-term deposits quickened but growth in marketable instruments jumped. The expansion i... [more]

Germans' willingness to buy fast approaching pre-crisis records

Thu, 26 March 2015

German consumer sentiment continues to edge higher, despite the politically-heated debate surrounding the current financial crisis in Greece, the results of a widely followed survey showed. GfK's gaug... [more]

France set to beat 2015 public deficit targets

Thu, 26 March 2015

The French economy expanded at a very modest pace towards the end of 2014, but the red ink at the Elysee palace was significantly less than expected. In the last three months of the year, gross domest... [more]

Speculation surfaces Saudi Arabia might deploy ground forces in Yemen

Thu, 26 March 2015

Following Saudi Arabia's use overnight of airstrikes against Houthi rebels in neighbouring Yemen a source from the Middle Eastern Kingdom has reportedly told Reuters that a ground offensive may be now... [more]

Speculation surfaces that Saudi Arabia might employ ground forces

Thu, 26 March 2015

Following Saudi Arabia's use overnight of airstrikes against Houthi rebels in neighbouring Yemen a Saudi source has reportedly told Reuters that a ground offensive may be now be necessary. ... [more]

Greece could reach agreement with Eurozone leaders by 'next week'

Thu, 26 March 2015

Greece's Economy Minister George Stathakis said on Thursday that the government could reach an agreement with European Union finance ministers by 'next week.' "I believe that at the beginning of next ... [more]

Chilean mine closures support copper prices

Thu, 26 March 2015

Copper prices reversed overnight losses and found support on the back of mine closures in Chile. Heavy rainfall in the country's Atacama region caused massive flooding, triggering the closure of major... [more]

Australian mining row escalates as iron ore prices continue to slip

Thu, 26 March 2015

The ongoing row in Australia about how to handle declining iron ore prices escalated with the Chairman of Fortescue Metals Group urging his competitors to "cap production" and support prices. Accordin... [more]

Oil prices spike after Saudi Arabia launches airstrikes in Yemen

Thu, 26 March 2015

Oil prices spiked early on Thursday after Saudi Arabia launched air strikes in Yemen overnight in an effort to defeat rebel Houthi fighters from the north of the country. The attempted Yemeni coup d'e... [more]

Commodities: Gold and oil prices rise amid disappointing US data

Thu, 26 March 2015

Gold prices advanced to their highest levels in three weeks on Wednesday as disappointing US data encouraged belief that the Federal Reserve will take its time before boosting interest rates. Gold for... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Carnival 3,245.00 7.18 17:08
InterContinental Hotels Group 2,640.00 2.76 17:09
Shire Plc 5,425.00 2.17 17:13
SABMiller 3,613.00 1.43 17:12
Compass Group 1,174.00 1.21 17:09

FTSE 100 Top Fallers

Name Last Chg.% Time
Weir Group 1,714.00 -3.55 17:08
Glencore 288.15 -3.05 17:09
Sports Direct International 621.50 -3.04 17:07
Anglo American 1,044.00 -3.02 17:08
Randgold Resources Ltd. 4,756.00 -2.98 17:08