Ecuador oil minister Carlos Pareja to visit Colombia, Mexico to push output talks between Opec and non-Opec producers March 29, 2016 Ecuador could meet with Colombia and Mexico this week, over a potential meeting between Latin American oil producers to unify the region in backing a wider output freeze deal. Ecuador's oil minister, Carlos Pareja, told reporters yesterday that they were hoping to convene ahead of a bigger meeting in Doha next month. It follows an earlier agreement between Saudi [...]
Premaitha Health’s IONA prenatal test offered at tenth laboratory March 28, 2016 AIM-listed molecular diagnostics company Premaitha Health has announced its tenth laboratory customer signed up to offer its non-invasive prenatal IONA test. The IONA test, which analyses fetal DNA circulating in the mother's bloodstream to estimate the risk of the fetus being affected with Down's syndrome and other genetic conditions, was launched in February 2015. The laboratory [...]
Oil price dips on low volumes as growing stockpiles spook investors March 28, 2016 Oil prices dipped under $40 per barrel yesterday, adding to declines recorded in the tail end of last week. The price of international benchmark Brent crude climbed to $42.51 in early trading last week, before sliding five per cent over four days. Last night the price of a barrel of Brent was trading at $39.92, while [...]
Who are the leading contenders to win Euro 2016? France, Germany, Italy, Spain and Belgium assessed ahead of the international break March 26, 2016 The international break is one of the final opportunities for Euro 2016's leading contenders to prepare for business in France this summer. Heavyweight nations France, Italy, Spain, Germany and Belgium are all expected to duke it out in the latter stages of the tournament – here's the current state of play for each. France [infographic [...]
Alisher Usmanov: Arsenal need Arsene Wenger March 26, 2016 Arsenal's second largest shareholder Alisher Usmanov has given his unequivocal backing to beleaguered manager Arsene Wenger. Read more: Alisher Usmanov is no longer Russia’s richest man Some fans have called for Wenger to step down following a season which looks set to end without silverware unless the Gunners can overhaul an 11-point gap between themselves and [...]
Energy secretary Amber Rudd blasted over Brexit “electric shock” claim March 24, 2016 Energy secretary Amber Rudd will warn Britain's exit from the European Union could result in what she termed a "massive electric shock". She will say a "no" vote in the in/out referendum on 23 June could lead to "a massive electric shock because UK energy costs are likely to sky rocket by at least half a billion pounds a [...]
Nigeria expects oil output freeze deal at Doha meeting in April even without Iran March 23, 2016 Opec member Nigeria has said it expects oil producers to reach an output freeze deal at a meeting in Doha next month. "I expect that we will reach a conclusion on stabilisation, stabilise current production as of January," Emmanuel Ibe Kachikwu told Reuters in an interview in Abuja. Qatar has invited Opec and major non-Opec producers [...]
Brent crude and WTI: US oil falls below $40 per barrel after EIA data March 23, 2016 US oil fell below $40 per barrel today, after fresh data suggested the global oversupply still has some ground left to cover before markets rebalance. Data released today by the Energy Information Administration (EIA) showed US crude oil inventories jumped by 9.4m barrels last week to a record total of 532.5m. This was much more than analysts expected, with [...]
From robots in Japan to crashing sentiment in Latin America, what are the risks and opportunities for investors this year? March 23, 2016 Every year, we ask our credit and equity analysts at Fidelity International about the health, growth prospects, and challenges facing the companies they research worldwide. The results of our 2016 Analyst Survey are in, showing a maturing cycle in which growth is becoming scarcer. For investors, this means understanding who will be the winners and [...]
Saudi Arabia will go ahead with production freeze deal in April without Iran, sending the oil price up 50 per cent in just two months March 22, 2016 Saudi Arabia has signalled it will go ahead with a deal with Russia and other Organization of the Petroleum Exporting Countries (Opec) members to freeze production in April despite Opec rebel Iran vowing to continue to increase output. The deal, which already includes Venezuela and Qatar, is scheduled to be finalised at a meeting in Doha [...]