International News
US close: Dow down as Donald slump follows scattergun speech
US stocks dipped lower on Thursday as investors struggled with a slew of speeches by Federal Reserve officials, a scattergun speech by Donald Trump and disappointing jobs data.
Europe close: Automobile, Pharma shares walloped
European stocks finished lower, with Automobile firms walloped by US regulators´ accusation that Fiat cheated in tests on its vehicles' emissions.
Fiat Chrysler Auto plunges after EPA emissions accusation
Shares in Fiat Chrysler Automobiles skidded to a halt on Thursday after the US Environmental regulator warned the carmaker could be further penalised for using emissions-cheating software in more than 100,000 diesel vehicles.
George Soros reportedly lost $1bn following Trump victory
Billionaire investor George Soros is reported to have lost as much as $1bn after Donald Trump's victory over Hillary Clinton in last November's US presidential election.
Sterling headed lower in 2017, PIMCO says
Sterling was headed lower in 2017, analysts at PIMCO predicted.
US import goods prices rise less than expected in December
Prices for goods in the States purchased overseas rose by less than was expected at the end of 2016.
Amazon to create 100,000 US jobs in next two years
E-commerce giant Amazon has announced that it will create 100,000 jobs in the United States by 2018.
US open: Stocks in the red after Trump speech
With a slew of speeches by Federal Reserve officials in the offing, US stocks were in the red on Thursday as investors digested a disappointing speech by President-elect Donald Trump.
Fed´s Harker sees three interest rate hilkes in 2017
A top US central bank official expressed support for up to three more interest rate hikes in 2017.
CVS to sell generic version of EpiPen following Trump attacks on Big Pharma
CVS Health announced on Thursday that it would be introducing a new generic version of the Epipen, the allergic reaction treatment which has seen prices skyrocket to $600 this year.
US initial jobless claims rise less than expected
The number of Americans filing for unemployment benefits rose less than expected last week, according to data from the Labor Department.
Apple set to take on Netflix and Amazon with original video content
US tech giant Apple is reportedly ready to take its first step towards competing with the likes of Netflix and Amazon in the online entertainment sector, with a plan to introduce its own original television shows and movies.
Volkswagen agrees to $4.3bn US settlement as six exdcutives indicted
German automaker Volkswagen Ag has taken a major step to putting its diesel emissions scandal behind it after agreeing to a US settlement, through which it will pay $4. 3bn to affected customers.
Trump plan to hand business to sons 'fails to remove conflict of interest'
The head of the US Office of Government Ethics has launched a stinging criticism of president-elect Donald Trump's plans to leave his business interests in the hands of his sons Donald Junior and Eric.
US pre-open: Stocks seen lower as investors eye speeches from Fed officials
US futures pointed to a softer open on Wall Street as investors continued to mull over President-elect Donald Trump’s press conference a day earlier, ahead of a raft of Fed speeches.
Asia report: Trump's hot air sees markets finish mixed
Markets in Asia were mixed on Thursday, with Japanese shares falling as the yen strengthened against a Trumped-down dollar.
Eurozone industrial production stronger than expected in November
Eurozone industrial production rose more than expected in November, according to the latest data from Eurostat.
Tillerson lays down the law to Beijing in South China Sea dispute
Rex Tillerson, Donald Trump's nominee for US secretary of state, has sent a warning to the Chinese government over their actions in the South China Sea.