Eurozone fears pull down FTSE to one-year low – London Report October 9, 2014 THE FTSE 100 yesterday hit its lowest level for a year after early gains fell away in a broad-based sell-off as investors became anxious about signs of serious weakening in the Eurozone economy. The blue-chip index, which hit 6,544 points in morning trading, due mainly to a rise in mining shares, ended the day down [...]
Dow plummets over 330 points on global fears – New York Report October 9, 2014 THE DOW Jones industrial average yesterday plunged 334 points as falling energy stocks and worries about the global economy sent investors fleeing from the market. The blue-chip index rose 275 points the day before. By the end of the day, the Dow had lost 334.97 points, or two per cent, to 16,659.25. The Standard & [...]
Uefa coefficient: Why Arsenal should fear and Manchester City should celebrate the proposed rule change October 9, 2014 The Champions League is about to start living up to its name. From next season onwards, the top seeds for the Champions League draw will all be exactly that – champions, so said Uefa general secretary Gianni Infantino said today. The eight teams in pot one for the group stage draw will be [...]
Amazon could be opening physical store in New York in time for Christmas October 9, 2014 Amazon is entering a brave new world. In an unusual move for an online company, the retail powerhouse is reportedly setting up a shop. That’s right – a real, physical store that sits on the street and has its doors open to the public. It’ll never catch on. The Wall Street [...]
FTSE 100 records lowest close for a year as geopolitical and Eurozone worries take their toll October 9, 2014 The FTSE 100 slid to its lowest close for a year today, with anxious investors scurrying to sell off stock due to geopolitical and Eurozone worries. The index of blue-chip shares was down eight per cent on the bell, a 50.39 point drop to 6,431, the lowest level since 10 October last year. [...]
Eurozone inflation rate: Mario Draghi calls on governments to help fight deflation October 9, 2014 Mario Draghi is determined to tackle low inflation in the Eurozone, and has called upon governments to also play their part in the fight against possible deflation. The president of the European Central Bank (ECB) today announced a new package of credit easing measures, including targeted long-term refinancing operations and a bond-buying programme. [...]
iPad Air 2: UK price, release date, spec and rumours about Apple’s 16 October launch event October 9, 2014 Apple may only just have released the iPhone 6 into the wild but already Tim Cook is moving on to the next thing with a launch event next week. It's all top secret of course. An invite has been sent out to the press for 16 October teasing "It's been way too long" and revealing [...]
World economic freedom falls as rule of law retreats in the US October 9, 2014 World economic freedom has fallen and is well below its peak level of 6.92 in 2007, according to the Fraser Institute's Economic Freedom of the World (EFW) report. The report examines the policies and institutions of 151 countries. In 2012, the most recent year for which data is available, the average score dropped to 6.84. [...]
There was “no reasonable way to continue” at Pimco, says bond king Bill Gross October 9, 2014 Bill Gross left Pimco because there was no “reasonable way to continue there”, the so-called 'bond king' said today. Admitting it was the “most obvious question”, Gross – whose surprise exit has led to a record outflow from the fund he used to manage, while giving Janus Capital's share price a nice little boost [...]
Tiny London flat snapped up for £100,000 October 9, 2014 Here at City A.M. we're big fans of tiny houses. There was the super-skinny north London house which went to auction for £235,000 even though it measured in at just 83 inches wide. Then we learned of a 12ft-wide house being built in south London – which was put up for sale for [...]