Breaking News
ECB under pressure after poor TLTRO take up
The European Central Bank's (ECB) so-called targeted long-term refinancing operations (TLTROs) fell slightly short of consensus on Thursday, increasing the pressure for the Eurozone monetary authority to take additional action at its next policy meeting.
Google News to close its Spanish news service
Google has announced it will shut down its Google News service in Spain on 16 December, before a new intellectual property law comes into effect in January.
US close: Stocks fall sharply as oil sets new five-year low
Another tumble in the international price of oil saw Wall Street retreat on Wednesday.
S&P places Tesco's debt rating on credit-watch negative
Tesco’s warning that the company’s trading profit for the financial year ending February 2015 will not exceed £1. 4bn will result in weaker credit metrics going forward, ratings agency Standard&Poor’s (S&P) said in a report issued on Wednesday.
DoE slightly reduces forecast for US oil production next year
US oil production will be slightly lower than previously projected next year, but so too will the average price of retail gasoline prices Stateside.
Torrent sites go down after Swedish sting operation
The popular website for illegal content downloads known as the Pirate Bay was forced offline following a raid carried out today by the Swedish police.
UK manufacturing output dropped 0.7% in October, much less than forecast
Sources expect Tesco's shares to open down around 10% after profit warning
US close: Stocks dragged lower by crude at five-year lows
The main US equity benchmarks ended the Monday session moderately lower, with all eyes tracking the fall in crude prices to five-year lows.
Repsol revives talks for Talisman Energy, Bloomberg says
In a bid to boost its presence in North America, and undaunted by the recent drop in oil prices, Spanish oil major Repsol revived talks to acquire Calgary-based Talisman Energy.
SEC said to seek suspension of S&P from commercial bond ratings - BBG
Deutsche Bank amongst those sued for avoiding federal income taxes
West Texas crude futures finish at $63.05 per barrel, lowest since July 2009
Front month Brent crude futures fall 4% to $66.40 on ICE
US President Barack Obama names Ashton Carter his new defense secretary
The US President has officially nominated long-serving Pentagon official Ashton Carter to be the next secretary of defense.
ECB keeps interest rates and deposit facility unchanged, as expected
The European Central Bank (ECB) decided to keep interest rates and the deposit facility rate at 0. 05% and -0. 20%, respectively, as predicted by analysts.
BoE keeps interest rates at 0.5% and asset purchases at £375bn, as expected
The Bank of England’s Monetary Policy Committee (MPC) has announced it will maintain interest rates at 0. 5%.
UK house prices slowed by less than expected in November, Halifax says
UK house price growth slowed by less than expected in November, mortgage lender Halifax said on Thursday.
UK growth forecast revised higher for next year, according to Autumn Statement
In his opening remarks the Chancellor has indicated that he will tighten the public finances, as expected, in what some economists believe will be a ‘last push’ on fiscal consolidation in the UK.