The European Central Bank (ECB) is likely to hold off on making any announcements on its stimulus program when it meets this week, instead opting to push new developments to October in the face of a strong euro. President Mario Draghi said at the last ECB press conference that the Governing Council would discuss the […]
Read moreFrozen concentrated orange juice futures, the contract made famous in the 1983 Eddie Murphy movie “Trading Places,” spiked higher on Tuesday as Hurricane Irma bore down on Florida. The Category 5 storm has already set records, with the National Hurricane Center on Tuesday setting its initial intensity at 155 knots, making Irma “the strongest hurricane […]
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Banks shifting jobs from London post-Brexit need to act fast, German central bank official says
Frankfurt and Dublin are emerging as the clear favorites for post-Brexit relocation among U.K.-based banks, according to a top official at Germany’s central bank. “From the discussions I have, it is my clear impression that Dublin and Frankfurt are the two cities where there is most interest (from City lenders). We have received quite a […]
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European markets set to open lower amid backdrop of geopolitical tension
European markets were set to open lower on Wednesday morning, tracking Wall Street’s slide overnight amid a backdrop of lingering geopolitical tension. The FTSE 100 is seen 28 points lower at 7,347; the DAX is expected to open down by around 44 points at 12,079 and the French CAC is poised to open 30 points […]
Read moreFacebook inflates the number of people who can see the advertisements on its platform, a Pivotal Research Group analyst said in a note. Facebook’s Ads Manager claims a potential reach of 41 million 18- to 24-year olds and 60 million 25- to 34-year olds in the United States, whereas U.S. census data shows that last […]
Read moreChina’s yuan has been on a tear all year and has now recouped last year’s losses — and analysts say there’s still room to run. At its strongest level on Tuesday, the yuan was changing hands at 6.5151 against the U.S. dollar, pushing gains to more than 6 percent this year, according to Reuters data. […]
Read moreJapanese automaker Nissan on Wednesday unveiled its 2018 Leaf, a fully electric car boasting autonomous features and an improved driving range. Priced at a relatively low $30,000, the new vehicle was aiming to carve a niche in an increasingly saturated EV market. Nissan CEO Hiroto Saikawa said the company is focusing on a different consumer […]
Read moreAustralia’s economy rebounded last quarter as consumers and government spent freely after a weather-beaten start to the year, while a long downturn in mining investment finally loosened its deadening grip on growth. Wednesday’s GDP report showed the economy expanded 0.8 percent in the second quarter, up from 0.3 percent in the first quarter and outpacing […]
Read moreWal-Mart is gearing up for the holidays, beginning in the toy aisle. The big-box retailer on Wednesday released its list of what it believes will be the “hottest” toys on the market this year. It includes a much-anticipated release from Hatchimals, Fingerlings, a “Star Wars” Droid kit, a “Frozen”-branded sleigh and a “Paw Patrol” lookout […]
Read moreHurricane Irma, one of the most forceful Atlantic storms in a century, churned across the ocean on Tuesday on a collision course with Puerto Rico and the Virgin Islands, bearing down on the northern Caribbean with a devastating mix of fierce winds, surf and rain. The eye of Irma, a Category 5 storm packing winds […]
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