Net profit at Rosneft plunges more than 70 per cent as weak Brent crude oil price continues to bite November 11, 2016 Russia's largest oil producer, Rosneft, has become the latest firm to report a hit from weak oil prices in the third quarter as net profit at the group plummeted 71 per cent. The figures Net income attributable to Rosneft's shareholders in the third quarter slid to 26bn roubles (£325m), driven by lower operating profit, while earnings before [...]
Gareth Southgate says Wayne Rooney is back in form and ready to lead England in high-stakes clash with Scotland November 10, 2016 Caretaker manager Gareth Southgate insists Wayne Rooney has hit his stride again and is ready to lead England in a high-stakes World Cup qualifier against Scotland on Friday night. Southgate dropped Rooney for last month’s trip to Slovenia – a goalless draw – while England’s record goalscorer struggled to relocate his form under new Manchester [...]
International Energy Agency warns of “relentless” oil oversupply next year if Opec output cut fails to cap production November 10, 2016 The International Energy Agency (IEA) has warned global oil markets risk another year of "relentless" oversupply if Opec does not hash out a firm production cut later this month in Vienna. In its monthly oil market report, the agency pointed to other producers boosting output and global demand remaining flat as increasing threats to a [...]
Trumpism will clash with economic reality November 10, 2016 Yesterday marked the 27th anniversary of the fall of the Berlin Wall. It also heralded the ascendancy to the world’s most powerful office of a man whose most famous campaign pledge is to construct a massive wall along the length of America’s southern border. “We’re going to build it,” declared Trump, “and Mexico’s going to [...]
America’s nervous breakdown leaves the free world without a protector November 9, 2016 Once at a meeting of the Council on Foreign Relations in Washington, the great and the good assembled there were invited to say what they saw as the number one single greatest problem confronting the world. The usual answers were tamely trotted out: Nuclear Proliferation, Pandemics, Terrorism, Global Warming, the tired four horsemen of the imaginary [...]
US Presidential election 2016: Politicians around the world react to Donald Trump victory November 9, 2016 Politicians around the world have been reacting this morning to news that Donald Trump has been elected the 45th President of the United States. Trump surged past rival Hillary Clinton to take 276 electoral college votes, against Clinton's 218. In his victory speech, the property tycoon and former US Apprentice presenter said: "I want to [...]
Theresa May is treading softly on immigration when Brexit Britain needs boldness November 8, 2016 Prime Minister Theresa May has said that she will allow the Indian government to nominate business executives to become members of the “Great Club”, a programme launched in 2013 for 100 of the world’s most senior business leaders to more easily get visas into Britain. The “Great Club” may have resonance in history, reaching back [...]
London is the “money-laundering centre of the world” says US businessman Bill Browder November 8, 2016 US-businessman Bill Browder has said the UK government is "appeasing" Russia by refusing to implement stronger sanctions against the country. "I have seen in real life the appeasement which goes on on a day to day basis with relation to Russia," he told MPs on the foreign affairs committee this afternoon. Back in 2004, Browder was the [...]
Costly coal and lower US steel prices leave ArcelorMittal braced for weak fourth quarter November 8, 2016 The world's largest steelmaker, ArcelorMittal, has warned low US steel prices and a recent rally in the price of coal will weigh on its profits in the fourth quarter. The figures Earnings before interest, tax, depreciation and amortisation (Ebitda) rose 40 per cent to $1.9bn (£1.5bn) at the global steelmaker in the quarter ended 30 September. However, [...]
Trump versus Hillary: How to make money whoever wins the US presidency November 8, 2016 This presidential campaign has been nothing if not unpredictable. Less than a fortnight ago, a victory for Hillary Clinton looked all but certain. Then it emerged that the FBI was investigating a new set of emails connected with her private server. Now, she has been cleared, but Donald Trump is arguing that her latest exoneration [...]