Wyndham Championship: Tiger’s still waiting for that title but looks to be out of the Woods August 25, 2015 He has a long wait now until his next tournament so it would be premature to say a long-awaited win was round the corner, but there are definite signs that Tiger Woods has arrested his decline and is on the up. The former world No1 fell short of a first title since 2013 at [...]
Fed policymaker Dennis Lockhart says US interest rates should be raised this year August 24, 2015 A senior Fed policymaker has called for US interest rates to be raised this year, despite the panic that has hit global markets over China's economy. Read more: Black Monday 2015: US stocks battered in biggest fall since 2011 Dennis Lockhart, President of the Federal Reserve Bank of Atlanta, said in a speech today [...]
Black Monday 2015: Don’t panic, the outlook after the stock market crash remains positive – despite volatility August 24, 2015 Yesterday’s dramatic moves in stock markets around the world, coming on top of the pronounced market volatility of recent weeks, will have concerned investors, with the lack of a single clear trigger making it harder to assess the potential for this volatility to be sustained. While the fluctuations we’ve seen over the last few [...]
There’s a hint of the financial crisis about this market rout – eToro Tips & Picks August 24, 2015 CHINA and global growth fears are likely to dominate markets throughout the week, after they were hammered yesterday in yet another rout for investors. Oil markets have followed equities downwards and there is unlikely to be a reprieve for European and US equity markets as we go through the week. There is very much a [...]
Black Monday: Equities bloodbath continues on US markets as Dow Jones and S&P 500 plummet August 24, 2015 US markets continued the trend set by global markets, plummeting in mid-morning trading, with the the S&P 500 and Dow Jones both trading more than four per cent down. That followed huge falls in Asia and Europe, with the FTSE 100 tumbling below 6,000 for the first time since 2012, while stocks in China fell [...]
Investors seek signs of rate hike from Fed – New York Report August 23, 2015 ALL EYES will be on Jackson Hole, Wyoming, this week, as the Federal Reserve begins its annual meeting. Investors will be looking for any signs that the central bank is increasingly worried about global issues or whether it is going ahead with what had been a widely-expected interest rate hike in September. The Fed has said its [...]
TfL Tube strike 26 and 28 August 2015: Driverless trains would break the militant unions forever August 23, 2015 This week, fed-up Londoners will be forced to endure two more Tube strikes. And this despite Transport for London having already offered the unions: a two per cent salary increase this year, inflation-protected rises in 2016 and 2017, a £500 bonus for all staff on Night Tube lines, £200 extra per Night Tube shift for [...]
Middle East stock markets plummet August 23, 2015 Low global oil prices as well as a decision by credit ratings agency Fitch to cut its outlook for Saudi Arabia weighed on stock markets in the Middle East today. The Dubai Financial Market fell almost seven per cent to 3,451.48 points, while Saudi Arabia's benchmark exchange was also down seven per cent to 7,441.33 points. [...]
Identity of Canary Wharf’s resident seal revealed August 21, 2015 Just last week we asked our readers to settle the debate over the identity of Canary Wharf’s resident seal. Now, senior fisheries inspector at Billingsgate Market Barry O’Toole has exclusively revealed that the notorious marine mammal, who lives underneath the market and is fed the freshest salmon in London by resident fishmongers, is called neither [...]
FTSE suffering longest losing streak since 2011 – London Report August 21, 2015 BRITAIN’S top share index fell to its lowest point in seven months yesterday, its worst losing run since 2011 as investor concerns over the global economy resurfaced. The blue chip FTSE 100 index dropped 0.6 per cent to 6,367.89 points, its lowest level since January. The index was down for the eighth straight session and [...]