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Reports say German state buys CD containing data of Swiss bank clients

Reports say German state buys CD containing data of Swiss bank clients

Sun, 21 December 2014

German authorities in the state of North Rhine-Westphalia (NRW) have bought a CD containing data about several thousand German clients of a Swiss bank. According to German newspaper Bild am Sonntag, ... [more]

OPEC does not need to cut production, says Kuwaiti minister

OPEC does not need to cut production, says Kuwaiti minister

Sun, 21 December 2014

The Organisation of the Petroleum Exporting Countries (OPEC) does not need to cut production, said Kuwaiti Oil Minister Ali al-Omair. "I don't think we need to cut [...] we gave a chance to others, th... [more]

Non-OPEC members to blame for oil price slump, says Saudi minister

Non-OPEC members to blame for oil price slump, says Saudi minister

Sun, 21 December 2014

Saudi Arabia's oil minister, Ali al-Naimi, has blamed the decline of oil prices on a "lack of co-operation" from countries who are not members of the Organisation of Petroleum Exporting Countries (OPE... [more]

Russian finance minister says rouble will stabilise in 2015

Russian finance minister says rouble will stabilise in 2015

Fri, 19 December 2014

Russia's rouble rebounded on Friday after the country's Finance Minister Anton Siluanov said his ministry had sold foreign currency and on expectations that exporters will step up dollar sales. At 12:... [more]

China 2013 GDP revised upward but unlikely to influence growth this year

China 2013 GDP revised upward but unlikely to influence growth this year

Fri, 19 December 2014

China's gross domestic product (GDP) for 2013 was up 3.4% to 58.8trn yuan (£6.1trn) according to the country's National Bureau of Statistics. The upward revision of the GDP, which marks a rise of 1.9t... [more]

Philadelphia manufacturing growth cools down in December

Thu, 18 December 2014

Manufacturing sector activity in the mid-Atlantic region slowed considerably in December as growth pulled back from a 21-year high the previous month. The Federal Reserve Bank of Philadelphia´s monthl... [more]

US service-sector growth unexpectedly slows in December

Thu, 18 December 2014

The US services sector continued to grow in December but at a much slower pace, Markit revealed on Thursday. The US services purchasing managers' index (PMI) reading came in at 53.6 this month, a decr... [more]

US initial jobless claims come in less than forecast at 289,000

Thu, 18 December 2014

US jobless claims decreased by 6,000 to 289,000 in the week ended 13 December, the fewest since early November, the Labor Department said. Analysts had been expecting 295,000 claims. Jobless claims ha... [more]

North Sea oil industry "on the brink of collapse" - oil boss

Thu, 18 December 2014

The fall in oil prices has pushed the UK's oil industry into a state of crisis, according to a senior industry leader. Oil companies are cutting staff and investment in a bid to save money, after it w... [more]

Iranian minister blames drop in oil price on OPEC "political conspiracy"

Thu, 18 December 2014

Iran's oil minister Bijan Zanganeh has blamed the drop in oil prices on a "political conspiracy", hinting that the Islamic Republic may keep up pressure on the Organisation of Petroleum Exporting Coun... [more]

Construction in the Eurozone rises at fastest pace in 2014 in October

Thu, 18 December 2014

Construction in the Eurozone rose at the fastest pace this year in October, as households and businesses look to be more inclined to invest. On Thursday, the EU statistics agency said that constructio... [more]

Business confidence in Germany rises in December

Thu, 18 December 2014

German business confidence rose in line with expectations in December, the IFO Institute for Economic Research on Thursday revealed. IFO's index increased to 105.5 from 104.7 a month earlier. Busines... [more]

Two strains of avian flu detected in US, but neither is a health concern

Wed, 17 December 2014

Two strains of avian influenza, or "bird-flu", were detected in wild birds in the north-western US state of Washington, a government agency said on Wednesday. The two highly pathogenic strains found h... [more]

Fed likely to maintain low rates for a considerable time

Wed, 17 December 2014

Following its meeting on Wednesday the Federal Open Market Committee (FOMC) has said that it can be patient in beginning to normalise the stance of its monetary policy. Significantly, it added that it... [more]

UK should be cautious, but is largely unaffected by Russian market strife, says BoE's Cunliffe

Wed, 17 December 2014

The UK must weigh up risks to its financial system in the wake of Russian market strife, according to Bank of England (BoE) deputy governor Jon Cunliffe. Although Britain has little exposure to Ru... [more]

Eurozone inflation confirmed at 0.3%, as expected, but risks remain

Wed, 17 December 2014

Eurozone inflation rose 0.3% year-on-year in November, European statistics agency Eurostat confirmed on Wednesday, but economists are still concerned about the risk of potential deflation. The unrevis... [more]

Russia's economy is headed for a meltdown, say commentators

Wed, 17 December 2014

Despite having increased interest rates to 17% on Monday, Russia's central bank has failed to stop the rouble's volatile free fall into the abyss, prompting fears of an imminent economic meltdown. On ... [more]

Greece fails to elect a new president in the first round of voting

Wed, 17 December 2014

The first attempt by Greek Prime Minister Antonis Samaras to elect a new head of state has failed, after he was unable to gather enough support from lawmakers. In the first round of voting 100 lawmake... [more]

Apple halts Russian sales after crash in rouble

Tue, 16 December 2014

Apple has halted its on-line sales in Russia due to the "extreme" rouble fluctuations, the company said. "Our on-line store in Russia is currently unavailable while we review pricing," Alan Hely, a ... [more]

US housing activity cooled slightly in November

Tue, 16 December 2014

The US housing sector cooled in November following two months of strong gains. Housing starts retreated 1.6% month-on-month to reach an annualised rate of 1.028m, according to the Department of Commer... [more]

Russian rouble plummets as traders bet against central bank

Tue, 16 December 2014

Overnight, Russia's central bank hiked short-term interest rates in a bid to stem a rout in the country's currency. The increasingly tense geopolitical situation and accompanying sanctions have been w... [more]

German economic sentiment beats expectations in December

Tue, 16 December 2014

German economic sentiment improved sharply in December thanks to a weak euro and the low price of crude oil, the Centre for European Economic Research (ZEW) said on Tuesday. The think tank's gauge jum... [more]

Chinese manufacturing slowed to a seven-month low in December

Tue, 16 December 2014

Activity in China's manufacturing sector slowed in December to a seven-month low, the results of a survey revealed. The HSBC/Markit manufacturing sector purchasing managers' index (PMI) fell to a read... [more]

Russia hikes rates to stem rout in Rouble

Tue, 16 December 2014

Overnight Russia's central bank hiked short-term interest rates in a bid to stem a rout in the country's currency. The monetary authority upped its main policy rate to 17% from 10.5% previously. As o... [more]

Growth in US industrial output exceeded forecasts in November

Mon, 15 December 2014

US industrial production grew at a 1.3% month-on-month pace in November, led by a jump in output from the manufacturing and utilities sectors, according to the Federal Reserve. By major market groups,... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Tullow Oil 425.60 6.85 16:43
Tesco 185.40 5.46 16:55
Randgold Resources Ltd. 4,431.00 4.41 17:03
Morrison (Wm) Supermarkets 176.20 3.65 17:03
BHP Billiton 1,377.50 3.57 17:02

FTSE 100 Top Fallers

Name Last Chg.% Time
TUI AG Reg Shs (Post- 16/12/14)(DI) 1,073.00 -3.25 17:01
SSE 1,624.00 -1.46 17:02
Smiths Group 1,072.00 -1.29 17:03
Sky 891.00 -1.22 16:43
Shire Plc 4,629.00 -1.13 17:15