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Fed must hike rates sooner or risks falling behind the curve, says Bullard

Fed must hike rates sooner or risks falling behind the curve, says Bullard

Fri, 30 January 2015

St Louis Federal Reserve president, James Bullard, said the Fed should not delay its decision to hike interest rates for much longer as it risks falling behind the curve. Bullard, who isn't a Federal ... [more]

Romney decides against running for president again

Romney decides against running for president again

Fri, 30 January 2015

Republican Mitt Romney has decided against running for president in the 2016 US elections. Romney, who was beaten by President Obama in the US 2012 election, said he had decided it was "best to give o... [more]

Apple shares hit record $120

Apple shares hit record $120

Fri, 30 January 2015

Apple reached a new milestone on Friday, as shares set a new record high by breaking through the $120 mark. Shares in the iPhone maker rose by as much as 0.9% in the first two hours of trading in New ... [more]

US economic growth cools more than forecast

US economic growth cools more than forecast

Fri, 30 January 2015

US gross domestic product (GDP), the broadest measure of goods and services produced across the economy, grew at a 2.6% annual rate in the fourth quarter, the Commerce Department said on Friday. Econo... [more]

Russia unexpectedly cut benchmark interest rates

Russia unexpectedly cut benchmark interest rates

Fri, 30 January 2015

Russia has unexpectedly cut benchmark interest rates amid concerns over an impending recession. The one-week auction rate was reduced to 15% from 17 %, the central bank said in a statement on its webs... [more]

27 dead after ISIS-linked terror group strikes Egypt

Fri, 30 January 2015

A terror group associated with ISIS has killed at least 27 people in several co-ordinated attacks on Egyptian police and military in the Sinai Peninsula. The strike, led by Egypt's most active terrori... [more]

US pre-open: Markets set for lower open ahead of GDP

Fri, 30 January 2015

Markets look set for a lower open on Friday ahead of the latest quarterly US gross domestic product (GDP) figures while the US dollar remains strong. Spreadex analyst Connor Campbell said: "A strong c... [more]

FX round-up: Mixed dollar follows Fed statement boost

Fri, 30 January 2015

The dollar was mixed on Thursday against most major currencies after having a positive reaction to the hawkish Federal Reserve statement. The EUR/USD was boosted again but analysts fail to see this as... [more]

Russia considers giving financial help to Greece

Thu, 29 January 2015

Russia's finance minister has said that the country would consider giving aid to Greece. Anton Siluanov told CNBC that Russia would not rule out giving debt-ridden Greece a helping hand if they asked.... [more]

Maternity hospital explosion in Mexico leaves 3 dead, more than 50 injured

Thu, 29 January 2015

An explosion at a children's hospital in Mexico City has left three dead and more than 20 infants injured, and the building on the verge of collapse with some people reported to be trapped inside. Eme... [more]

US initial jobless claims fall to 14-year low

Thu, 29 January 2015

US initial jobless claims fell from 308,000 to 265,000 in the week ending 24 January, reaching their lowest level in 14 years. The decline, the biggest since November 2012, was much larger than antici... [more]

Greek concerns hit markets but Europe may escape meltdown

Thu, 29 January 2015

As recently elected Greek anti-austerity party Syriza clashed with its European Union (EU) partners, Athen's stock market has tumbled, Greek sovereign debt yields have soared and the country's banks r... [more]

German unemployment rate slips but less than expected

Thu, 29 January 2015

Germany's jobless rate declined in January, though the number of unemployed dropped less than economists expected. The German unemployment rate declined to 6.5% from December's revised reading of 6.6%... [more]

FX round-up: Dollar ascends ahead of Federal Reserve meeting

Thu, 29 January 2015

The dollar was rebounding on Wednesday against most major currencies ahead of the Federal Reserve meeting. CMC Markets analyst Jasper Lawler said: "The US dollar was mostly making gains against major ... [more]

Fed preview: no policy move expected, yet statement change 'guaranteed'

Wed, 28 January 2015

Though market experts do not widely expect large adjustments to the language in the Federal Reserve's (Fed) monetary policy statement on Wednesday, they will be watching for hints on the timing of fut... [more]

FX round-up: Dollar weakened by surprise slump in US data

Wed, 28 January 2015

The dollar fell on Tuesday as a drop in the US markets superseded the results of the Greek election this weekend. CMC Markets analyst Jasper Lawler said: "The disappointing durable goods data sent the... [more]

Greece's new government aims to end 'vicious circle'of bailout and borrowing

Tue, 27 January 2015

Yanis Varoufakis, Greece's new finance minister, said the country's newly-elected government will aim to "end the vicious cycle" of bailout and borrowing. Varoufakis, who replaced Alexis Tsipras, the ... [more]

Putin claims S&P's decision to cut Russia's rating was politically motivated

Tue, 27 January 2015

Russian president Vladimir Putin has blamed Standard & Poor's decision to cut Russia's government debt to 'junk' on political pressure. On Monday, the rating agency slashed its rating on Russian sover... [more]

Saxo Bank to take legal action if necessary to recover negative balances

Tue, 27 January 2015

Saxo Bank executives have emphasised that losses from negative balances, although immaterial, would be pursued with legal action to protect client accounts. The company claims to have enough cash to... [more]

'Internet of Things' vehicles will reach 250m by 2020, says Gartner research

Tue, 27 January 2015

New research by Gartner has claimed that a quarter of a billion connected vehicles will be on the roads by 2020. In a discussion of the internet of things, which alludes to the idea that at some point... [more]

EU in talks to place more sanctions on Russia

Tue, 27 January 2015

Government heads at the EU have requested that foreign ministers contemplate additional government sanctions on Russia following the latest rebel violence in eastern Ukraine, for which the bloc has at... [more]

Greece's election outcome is credit negative, Moody's says

Tue, 27 January 2015

Moody's Investors Service said the outcome of the elections in Greece were credit negative for the country's rating because it caused prolonged financial uncertainty as the anti-austerity party Syriza... [more]

FX round-up: Dollar mixed after Syriza victory in Greek election

Tue, 27 January 2015

The dollar was mixed on Monday following the Greek election as US markets await the latest data on durable goods and consumer confidence data on Tuesday and ahead of the upcoming Federal Reserve polic... [more]

S&P downgrades Russia credit grade to junk level

Mon, 26 January 2015

Rating agency Standard & Poor's (S&P) lowered its long- and short-term foreign currency sovereign credit ratings on the Russian Federation to 'BB+/B' from 'BBB-/A-3'. The agency also lowered the long-... [more]

Oil price decline may have run its course, OPEC says

Mon, 26 January 2015

Abdulla al-Badri, the secretary general of the Organisation for Petroleum Exporting Countries (OPEC), has claimed that oil prices could be on the rise very soon. Speaking in London on Monday, Al-Badri... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Randgold Resources Ltd. 5,685.00 4.89 16:44
Fresnillo 899.00 4.23 17:00
Tullow Oil 365.00 4.02 16:44
Dixons Carphone 435.00 2.55 17:13
BHP Billiton 1,446.00 2.09 17:13

FTSE 100 Top Fallers

Name Last Chg.% Time
International Consolidated Airlines Group SA (CDI) 544.50 -3.46 17:09
Sainsbury (J) 255.40 -3.18 17:13
Ashtead Group 1,088.00 -2.77 17:07
Morrison (Wm) Supermarkets 179.90 -2.70 16:41
BT Group 417.90 -2.61 17:09