A Leonardo DiCaprio-backed startup is bringing mattress innovation to the UK August 11, 2016 Prepare for your sleep to be disrupted – but in a good way. A US startup with celebrity backing has launched in the UK and is hoping to shake up how Brits buy mattresses and the way we sleep. Casper, a two-year-old startup with multi-million dollar investment from Leonardo DiCaprio as well as venture capital [...]
Gold miner Centamin glitters as it hikes production estimates August 10, 2016 CENTAMIN’s solid set of half-year results, in which it cut costs and boosted production, helped its shares close up 1.28 per cent to 173.80p today. The figures Centamin's gold production swelled 30 per cent year-on-year to 140,306 ounces in the six months to 30 June. The gold miner's production costs per unit shrank 34.70 per cent [...]
Brent crude and WTI: Oil tumbles after US oil stocks unexpectedly rise August 10, 2016 Crude prices tumbled this afternoon, as a surprise build in US oil inventories offset the second-biggest weekly drop in US gasoline stocks this summer. Brent crude, the global benchmark, fell 1.78 per cent to $44.18 per barrel, while its US counterpart West Texas Intermediate crude slipped 1.87 per cent to $41.97. Read more: Fitch warns European oil [...]
Opec warns of “lingering concerns” over US and European oil demand August 10, 2016 Opec today flagged "lingering concerns" over weak demand from US and European oil refiners, a factor which has contributed to the recent fall in crude prices. The Organisation of Petroleum Exporting Countries (Opec) said, despite the recent fall in oil prices, refining margins weakened last month due to a glut of oil products such as petrol. This was [...]
Before the bell: What you need to know before the US market open August 10, 2016 The UK economy is slowing down after its vote to quit the European Union and markets continue to knock on record highs. Here's what you need to know before the US market opens at 2:30pm London time. US markets are pointing up ahead of the open signalling the possibility of further all-time highs. The S&P is [...]
Before the bell: What you need to know before the US market open August 9, 2016 US stocks are nearing record highs and China's inflation grew at its slowest rate in seven months. Here's what you need to know ahead of the US market open at 2:30pm London time. US stock markets are nearing all time highs (the S&P 500 hit an all-time high of 2,185.54 points yesterday, although it pulled [...]
Oil prices fall after Opec meeting talk fails to lift mood August 9, 2016 Crude prices fell today, after renewed hopes over a possible meeting of Opec producers gave way to pessimism. Brent crude, the global benchmark, fell 0.79 per cent to $45.03 per barrel this morning. Its US counterpart, West Texas Intermediate crude, slumped 0.60 per cent to $42.76. Read more: Why oil prices are pushing higher Venezuelan [...]
How going public changes the role of the chief executive forever August 8, 2016 Bernard Liautaud, managing partner of Balderton Capital and the first ever European entrepreneur to take a company public on Nasdaq, lifts the lid on the life of a chief executive of a public company in an open letter to Mike Tuchen, the chief executive of software company Talend, which listed on Nasdaq at the end [...]
Hope for Brazil: Away from the Olympics, it’s politically troubled with a crumbling economy, but can Brazil turn a corner? August 8, 2016 The Rio Olympics have got off to a great start, but this year’s host country has largely been in the news for all the wrong reasons. The spreading of the Zika virus is a worrying development for Brazilian authorities, who are firefighting on several fronts, including corruption probes and a troubled economy It wasn’t like this when [...]
Why oil prices are pushing higher August 8, 2016 Crude rose today on fresh speculation that the Organisation of Petroleum Exporting Countries would move to curb the oversupply which has weighed on markets in recent weeks. Brent crude, the global benchmark, rose 2.42 per cent to $45.34 per barrel this afternoon. Its US counterpart, West Texas Intermediate crude, swelled 2.92 per cent to $43.02. Read more: The World Bank [...]