Search Results for: oil
India’s central bank cuts key interest rate by quarter point
January 15th, 2015
The Reserve Bank of India cut its key interest rate Thursday by a quarter percentage point in a surprise move that adds impetus to government efforts to revive Asia’s third-biggest economy. The decision to lower the rate to 7.75 ...
Asia shares rise after commodities rebound, dollar regains ground
January 15th, 2015
Spreadbetters see higher open for European bourses RBI surprises with rate cut, Indian stocks rally Mood over risk assets still subdued after weak U.S. data Dollar gains some respite as U.S. yields inch up after plunge Asian stocks mostly ...
Shell ditches $6.5bn Qatari petrochemicals project
January 14th, 2015
Royal Dutch Shell has scrapped plans for a $6.5bn petrochemicals project with Qatar Petroleum, citing “the current economic climate prevailing in the energy industry”, the oil major said on Wednesday. The Al Karaana petchems project, an 80:20 joint venture of ...
Russian Assets Nearing Buying Range, Investment Adviser Says
January 14th, 2015
Russian assets are approaching levels where they would be attractive to buy, investment adviser Marc Faber — writer of the Gloom, Boom & Doom Report — said Tuesday. Western sanctions imposed over Moscow’s role in the Ukraine crisis and ...
World Bank cuts global growth forecast
January 14th, 2015
The World Bank has cut its global growth forecast, warning the US alone cannot drive an economic recovery. In its bi-annual report, the Bank predicted global growth of 3% this year and 3.3% next year, below its June forecast ...
Interview with Benoît Cœuré, ECB
January 14th, 2015
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, on 13 January 2015 How concerned are you about the election of a new parliament in Greece resulting in a re-emergence of the euro crisis? Greece is ...
Most Asian Stocks Drop; Commodities Slump, Yen Extends Advance
January 14th, 2015
Asian stocks declined, led by a retreat among materials producers, as the slump in crude prices spread to copper and the yen rose a fourth day against the dollar. BHP Billiton Ltd., the world’s largest mining company, lost 2.8 percent in ...
Elliott Wave Market Overview: EUR, GBP, WTI, DAX
January 13th, 2015
Elliott Wave Market Overview: USD is still consolidation on several major pairs, but sooner or later larger trends should resume. EURUSD and GBPUSD can still be trapped in fourth waves from where we will be looking for a break ...
Europe Stocks Gain as Retailers Rise, U.K. Prices Miss Forecasts
January 13th, 2015
European stocks advanced for a second day, as retailers climbed and data showed U.K. inflation fell to the lowest level in 15 years. The Stoxx Europe 600 Index added 1.1 percent to 343.74 at 12:02 p.m. in London, extending ...
Russia faces wave of bankruptcies if interest rates don’t fall
January 13th, 2015
The pressure is building on Vladimir Putin: Russia will be hit by a wave of bankruptcies unless it cuts interest rates very soon, a top financial official warned Monday. Anatoly Aksakov, president of Russia’s regional banking association and deputy ...
