Breaking News
Daimler sells its 4% stake in Tesla
Dow soars triple digits, while S&P and Nasdaq extend rally
BioMarin Pharmaceuticals could be interesting bid target for Shire - B4the Street
ECB said to be considering corporate bond purchases
Today’s surge in European equities is being attributed by some market commentary to reports that the European Central Bank (ECB) is considering the purchase of corporate bonds.
This month’s turmoil in financial markets has been a “bloodbath” for hedge funds - Bill Hubard
Market strategist Bill Hubard wrote to clients on Tuesday explaining that: "This month’s turmoil in financial markets has been a “bloodbath” for hedge funds (which by some estimates manage $2. 8trn in assets) inflicting large losses at an array of multi-billion-dollar firms in the industry’s worst stretch since late 2011. ".
BCA Marketplace pulls IPO amid market volatility
UKFI says UK is closer to sale of RBS stake - UPDATE
The UK is closer to selling part of its stake in bailed-out Royal Bank of Scotland, a senior official of the body charged with looking after government stakes in bailed-out banks said on Tuesday.
Italian 10-year bond yields fall 8bp to 2.5%
Italian 10-year government bond yields were to be seen 8 basis points lower at 2. 5% on Tuesday.
Total CEO dies in Moscow plane crash - UPDATE
French oil major Total's chairman and chief executive officer, Christophe de Margerie, died overnight in a plane crash in Moscow.
China's finance minister mulls allowing local governments to issue bonds
Oscar Pistorius sentenced to five years in prison
Growth in international air passengers improved 4.5% in August, IATA says
Morgan Stanley ups Apple price target to $115 per share from $110
Commenting on last night’s results out of tech-giant Apple analysts at Morgan Stanley wrote to clients saying that: “We see strong iPhone demand, gross margin expansion and under-ownership driving upside to shares. Results and guidance were better than expected despite FX headwinds pressuring estimates across large-cap tech. ” .
Tesco's market share slipped to 28.8% over 12 weeks 13 October
Chinese GDP growth slowed to 7.3% pace in third quarter, ahead of forecasts
China's gross domestic product (GDP) slowed to a 7. 3% year-on-year pace of growth in the third quarter, but that constitutes welcome progress towards a further re-balancing of the economy, economists said.
AbbVie and Shire scrap $52bn tie-up
US pharmaceutical AbbVie has announced that it has called off the $52bn purchase of Irish-based company Shire that it had proposed.