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Bank of America confirms it will pay record $16.65bn settlement - UPDATE

Thu, 21 August 2014

Bank of America has agreed pay a record settlement of $16.65bn in response to an investigation into transactions relating to the 2008 financial crisis, the Justice department said on Thursday. The ba... [more]

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Russia denies military vehicle has been captured by Ukrainian army

Thu, 21 August 2014

Russia's Defence Ministry has dismissed Ukrainian reports of the capture of Russian military vehicles as entirely fabricated. Major General Igor Konashenkov, a spokesman for the ministry, said that t... [more]

mario draghi ecb

Eurozone composite PMI remains low despite "some positive points"

Thu, 21 August 2014

The Eurozone purchasing managers index (PMI) said on Thursday the composite output index was down at 52.8% in August against 53.8% last month, compared to forecasts of 53.4%. The manufacturing PMI co... [more]

Aminex; oil & gas; drilling

Commodities: Oil futures fall after weekly US inventory data

Thu, 21 August 2014

The commodities complex saw some buying interest step in on Wednesday despite more hawkish than expected policy minutes out from the US Federal Reserve and Monetary Policy Committee and lingering worr... [more]

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Fed takes another step towards raising rates, minutes show

Wed, 20 August 2014

The release of minutes from the US Federal Open Market Committee showed that it, like its UK counterparts who also released minutes on Wednesday, was more hawkish than expected. The release of minute... [more]

German minister accuses Qatar of financing IS

Wed, 20 August 2014

A German government minister has accused Qatar of financing the jihadist terror group, the Islamic State of Iraq and Greater Syria (Isis) Germany's development aid minister, Gerd Mueller, claims that... [more]

Pakistan legislators to meet as protesters call for reform

Wed, 20 August 2014

Led by former cricket player Imran Khan, protesters in Pakistan's capital Islamabad marched in their thousands on the country's parliament in a plea for a government reform. Pakistan's political lead... [more]

IS militants claim to have killed US journalist James Foley - UPDATE

Wed, 20 August 2014

Islamic State (IS) militants circulated a video online on Tuesday which showed the beheading of a man they claimed to be James Foley, an American photojournalist who was kidnapped in Syria two years a... [more]

London third-least liveable city in Europe, as Melbourne and Vienna top list

Wed, 20 August 2014

Melbourne remains the most "liveable" city in the world, according to The Economist Intelligence Unit, with London one of the least pleasant places to reside. The capital of the Australian state of V... [more]

Commodities: Oil futures plumb 14-month low

Wed, 20 August 2014

The commodities complex was uniformly lower on Tuesday, as markets stayed in a holding pattern ahead of the main risk events of the week, namely the release of the minutes of the latest policy meeting... [more]

Riots in Ferguson show racial tensions persist in the US

Tue, 19 August 2014

The US has been in the spotlight in the last few weeks after the police shot dead an unarmed 18-year-old black man in Ferguson, Missouri, which shows racial tensions are still an ongoing concern in th... [more]

US housing starts, permits surge in July

Tue, 19 August 2014

The US housing market could be showing signs of recovery after the Commerce Department announced on Tuesday housing starts and building permits in the US bounced back strongly in July. Groundbreaking... [more]

US core CPI misses, but Fed still set to hike rates in March

Tue, 19 August 2014

US consumer prices advanced at a 0.1% month-on-month (2% year-on-year) clip in July, according to the Bureau of Labor Statistics. That was in line with economists' forecasts. At the core level, excl... [more]

Violence in Ferguson erupts again as police arrest and shoot protesters

Tue, 19 August 2014

Protests against the killing of an unarmed teenager by a police officer in Ferguson, Missouri continued days after the event, as police and national guard troops confronted protesters and made arrests... [more]

Ebola death toll rises above 1,220

Tue, 19 August 2014

The death toll of the Ebola virus outbreak in West Africa has risen to 1,229 following a further 84 reported between 14th and 16th of August, the latest statistics from the World Health Organisation (... [more]

Commodities: Oil and copper futures keep bouncing back

Tue, 19 August 2014

Oil and copper futures continued to bounce back after recent losses as geopolitical concerns eased and traders took position ahead of this next Friday's Jackson Hole Symposium Stateside. Front month ... [more]

US air strikes help Iraq army to secure key Mosul dam

Tue, 19 August 2014

Kurdish and Iraqi forces dealt Islamic State (IS) militants a severe blow by recapturing the Mosul Dam on Monday. The dam, which supplies power and water to a large part of Northern Iraq, was conside... [more]

Aid to Ukrainian refugees "a priority", says Russian minister

Tue, 19 August 2014

Plans to increase aid to Ukrainian refugees are set to go ahead, after Russia's Deputy Emergencies Minister Vladimir Stepanov said on Tuesday that his government regarded them as its priority task. "... [more]

"Britain is not going to get involved in another war in Iraq," says Cameron

Mon, 18 August 2014

David Cameron has said the UK should be prepared to use diplomatic and military forces to curb the threat posed by militants of the Islamic State (IS) in Northern Iraq. The British Prime Minister des... [more]

French FM calls on ECB to lower euro

Mon, 18 August 2014

French Finance Minister Michel Sapin has called on the European Central Bank (ECB) to take action and support growth by forcing the euro lower. After data last Thursday showed that France's gross dom... [more]

Moody's warns on danger of French deficit breach for Eurozone

Mon, 18 August 2014

Moody's Investor Service has warned that missed deficit targets in France would be credit negative for the Eurozone as a whole. The comments came after French Finance Minister Michel Sapin said on Th... [more]

Iraq forces take control of rebel-held dam

Mon, 18 August 2014

Islamic State (IS) militants have been forced out of Mosul dam by Kurdish fighters and Iraqi counter-terrorism forces, Iraq state television said on Monday. Lieutenant-General Qasim Atta, a spokesper... [more]

Ukrainian forces claim breakthrough in rebel-held city

Mon, 18 August 2014

The Ukrainian flag was raised over a police station in Luhansk, the Ukrainian government reported on Sunday, describing it as a major blow for the rebel forces. Ukrainian forces took a major step in ... [more]

Commodities: Copper and oil futures bounce back

Mon, 18 August 2014

Gold futures for December delivery were 0.74% lower at $1,306/oz. on COMEX. The price of the yellow metal thus failed once again to capitalise on the still-tense geopolitical situation between Ukrain... [more]

Clashes erupt in Pakistan as opposition leader is fired at

Fri, 15 August 2014

Tens of thousands of Pakistani protesters from two separate anti-government movements converged on the country's capital on Friday, as shots were fired towards the vehicle of opposition politician Imr... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
AstraZeneca 4,411.50 2.95 17:11
Schroders 2,392.00 2.66 17:11
Hargreaves Lansdown 1,133.00 2.16 16:40
CRH 1,401.00 2.04 16:59
Barratt Developments 365.60 1.84 17:01

FTSE 100 Top Fallers

Name Last Chg.% Time
Fresnillo 938.00 -3.55 17:07
Randgold Resources Ltd. 4,904.00 -1.86 17:09
Kingfisher 306.80 -1.67 17:09
Anglo American 1,573.50 -1.29 17:11
Antofagasta 808.50 -1.28 16:40