Asia bourses mixed with Trump trades in focus
Thursday 02:30 GMT Overview Asian shares were mixed, with pharmaceutical stocks in the firing line following a broadside by US president-elect Donald Trump and Japanese exporters suffering from a...
View ArticleUS shale oil output robust despite rig count fall
When US shale oil production was still rocketing higher in 2013, about 1,400 rigs were drilling wells. The average horizontal well was 6,200ft long and was pumped full of 106,000 barrels of fracking...
View ArticleCovenant clause removal fires up US bond investors
Investors drew a line in the sand on Wednesday, forcing companies to rewrite bond documents in a stinging rejection of covenant packages that were seen as hostile to bondholders. Marketing material...
View ArticleEurope eyes soft open after Asian bourses slide
January 12, 2017 by: Peter Wells in Hong Kong Thursday 06:00 GMT Overview Asian shares were mostly lower, with pharmaceutical stocks in the firing line following a broadside by US president-elect...
View ArticleShareholders’ patience has been tested, but at a 5p discount this trust is a buy
Another poor performer has been Circassia, a £264m British company developing cat allergy drugs. The shares of the company, listed on the fledgling Aim market, fell almost 70pc after drug trials...
View ArticleOffshore renminbi in multi-month show of strength
The offshore renminbi is poised for a record run of trading at a stronger level against the US dollar than its onshore cousin, in a key development that could aid Beijing’s efforts to slow outflows...
View ArticleWinners and losers on the UK high street
Investors were greeted to a deluge of retail results on Thursday morning, offering a mixed picture of the state of the UK high street in the run-up to and during the Christmas period. Marks and...
View ArticleTesco recovery boosted by strong UK Christmas sales
Tesco reported positive underlying sales growth in the run-up to Christmas, the latest sign of a revival for the grocer as it increased its market share for the first time in more than five years....
View ArticleOffshore renminbi in extended show of strength
The renminbi in Hong Kong is poised for a record run of trading at a stronger level against the dollar than its mainland cousin — a key development that could aid Beijing’s efforts to slow capital...
View ArticleOil prices rally on Saudi production cut
Oil continued its see-saw start to the new year, registering its biggest advance in six weeks on Thursday after Opec’s biggest producer said that it had slashed output to the lowest level in almost...
View ArticleFTSE 100 inches higher to a record close
Packaging makers were in the ascendant on Thursday as the FTSE 100 inched to a record-breaking 13th straight day of gains. Mondi, Smurfit Kappa and DS Smith all hit record highs on hopes of an upturn...
View ArticleBiotech stocks recover from Trump line of fire
Biotechnology companies staged a comeback on Thursday afternoon after losses caused by Donald Trump’s warning to the pharmaceutical industry over drug pricing. The Nasdaq Biotechnology Index fell more...
View ArticleInvestors’ appetite for bond funds returns
Investors have returned to the world of debt in a cooling of the Trumpflation trade that pummelled bond markets and propelled equities to record highs after the US election. The shift, which has...
View ArticleAsia market mood wary after fractious Trump briefing
Friday 02.15 GMT Overview Asian stocks were mixed in the wake of a retreat by US stocks and the dollar as investors continued to assess the fallout from Donald Trump’s combative press conference on...
View ArticleIndonesia eases ban on mineral exports
Indonesia has relaxed a controversial ban on the export of unprocessed minerals in a policy flip-flop that highlights the financial pressures and unpredictable investment climate in Southeast Asia’s...
View ArticleGlobal oil flow trackers set to keep Opec honest
After the excitement around Opec agreeing oil supply cuts with Russia and other non-members at the end of last year, attention in 2017 has quickly shifted to the next key question: will they actually...
View ArticleNutmeg to cut charges as robo competition intensifies
Nutmeg, the online investment management platform, is set to cut fees and launch a new range of low-cost products next week in a drive to attract more customers. The move, which will apply to existing...
View ArticleMPs urged to order probe into pension charges
MPs are being urged by campaigners to launch a wide-ranging probe into hidden pension charges, amid warnings that regulatory action to bring transparency to fees has not gone far enough. A petition...
View ArticleTata Steel offers millions for pension scheme rejig
Tata Steel has offered to pay “hundreds of millions” of pounds to its 130,000 member-strong pension scheme to release a guarantee the fund holds over its Dutch assets and smooth the way for a merger...
View ArticleInvestor service Nutmeg cuts fees for two-thirds of customers
Online investment service Nutmeg is changing its charges, cutting the cost for most customers. Wealthier clients with more than £500,000 invested will pay more. The platform charges a different fee...
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