Opec begs others to join it in cutting production January 25, 2016 The standoff between Opec and its rivals came to a head today as the cartels secretary-general called on other oil producing countries to put a ceiling on output. Abdalla El-Badri warned that producers would continue to suffer without co-operation to end a supply glut. The call was echoed by a senior Russian oil executive, who said [...]
Australian Open 2016: Johanna Konta becomes first Briton to reach a grand slam quarter-final for 32 years January 25, 2016 Rising star Johanna Konta insists she is no overnight success after becoming the first British woman for 32 years to reach the quarter-finals of a grand slam tournament. Konta, 24, continued her giddy ascent yesterday by beating No21 seed Ekaterina Makarova 4-6, 6-4, 8-6 in a titanic fourth-round slug-fest – the biggest win of her [...]
JKX Oil & Gas blocks shareholders Eclairs and Glengary from vote over Proxima bid January 25, 2016 JKX Oil & Gas has blocked two of its biggest shareholders from attending or voting at a general meeting this week, at which the board risks being ejected. Eclairs Group and Glengary Overseas – who own 27.5 per cent and 11.4 per cent respectively – have been banned from taking part in the meeting on Thursday, [...]
Australian Open 2016: Johanna Konta aiming to become Britain’s first woman to reach a grand slam quarter-final since Jo Durie in 1984 January 24, 2016 British No1 Johanna Konta could become the first woman from these shores to reach a grand slam quarter-final for 32 years when she meets Ekaterina Makarova at the Australian Open on Monday. Konta has already beaten former world No1 Venus Williams in Melbourne this month, one of the most recent highlights of the 24-year-old’s extraordinary [...]
Treasury to freeze assets of prime suspects in Litvinenko murder case January 21, 2016 Home secretary Theresa May has said the Treasury will freeze the assets of the two prime suspects in the murder of Alexander Litvinenko, following the publication of a report decisively naming Andrei Lugovoy and Dmitry Kovtun. The report, which said President Putin was "probably" involved in the operation, was "unequivocal," May said in the Commons this morning. [...]
Corbyn the Musical: the Motorcycle Diaries to launch in Waterloo Theatre East in April January 21, 2016 In a year set to be dominated by heavy political events including the EU referendum and a number of elections, the public will be afforded some respite by the launch of a musical about Labour leader Jeremy Corbyn. In April, London's Waterloo Theatre East will open the production titled Corbyn the Musical: the Motorcycle Diaries, a musical-come-political-satire. [...]
Market turmoil terminology: What are the definitions of a a bear market, a bull market and a correction? January 21, 2016 The New Year sell-off has sent equity markets across the world into bear territory. But rather than a single, fatal trigger, it appears a general sense of unease over the slowing global economy is sending investors running for the hills. Yesterday, the FTSE 100, Japan's Nikkei and the MSCI All-Country World indices all joined the Shanghai Composite, France’s Cac 40, the German Dax [...]
Alexander Litvinenko death inquiry report finds Vladimir Putin and FSB boss Patrushev “probably” approved his murder January 21, 2016 The killing of Alexander Litvinenko was "probably" approved by Russian President Vladimir Putin and former director of Russian FSB, a report published this morning has claimed. The report, by UK judge Sir Robert Owen, found that Andrei Lugovoy and Dmitry Kovtun, who have previously denied killing him, were behind the man's death. But Owen said he was "sure" they were [...]
Markets mauled: FTSE 100 crashes and officially enters bear market territory January 21, 2016 The FTSE 100 officially entered bear market territory yesterday for the first time since 2009, as the New Year sell-off sent panic through trading floors and stoked fears of a broader economic slowdown. London’s main market closed at 5,673.58, more than 20 per cent down from its intra-day peak of 7,122 in April last year. A drop [...]
US WTI crude oil below $27 as MSCI’s benchmark global stock index enters bear market territory January 20, 2016 US crude oil dipped below $27 per barrel today, while the MSCI's benchmark global stock index fell into a bear market. West Texas Intermediate crude, the US benchmark, slumped 5.73 per cent to $26.83 per barrel. And Brent, the global benchmark, shed 4.35 per cent to $27.51. Concern over lower for even longer oil prices have dominated Davos, an annual meeting [...]