Result Page 38 for Latest Markets News & Archive

Markets

Iron ore below $40 in Singapore on surge in supply

The slowdown in China is pulling down the demand and putting more pressure on iron ore prices. The iron ore futures contracts in Singapore fell below $40 a ton for the first time. The market players are concerned over continuous supplies of iron ore. Many steel mills have decided to cut down production level from 2016 onwards.

Dec 01, 2015 10:23 PM EST

News

JPMorgan leaves bonus pool unchanged since 2014

The change in regulations is keeping a pressure on investment banks. Owing to weaker revenues, several investment banks are slashing down on bonus payout. JPMorgan Chase & Co is keeping its bonus pool unchanged from 2014. However, this decision is subject to the trading performance in December.

News

Alberta regulator extends bid time for Canadian Oil Sands

Alberta Securities regulator has given one more month for Canadian Oil Sands to accept or reject the takeover offer from Suncor Energy. The Canadian Oil Sands' board is examining alternatives to continue as an independent company or look at rival offers.

News

Chemical firm Chemours cuts 5 percent of its global workforce

Chemours Co announces that the company will layoff some 400 of its workforce globally including 50 in its own headquarters in Wilmington. The company announces that the layoff is part of its ongoing effort to reduce its operating cost.

U.S.Gas Price Hit The Lowest in Seven Years

Gas price all across U.S is reaching its lowest since 2008, with Michigan as the lowest in all states.

Dec 01, 2015 5:41 AM EST

Oil prices strife ahead of OPEC meeting

All eyes on the forthcoming OPEC meeting as oil prices are reeling under pressure amid the global glut in oil supplies and surging US dollar are impacting severely. The US inventories rose to highest in the past eight decades.

Dec 01, 2015 4:24 AM EST

Tokyo stocks fell amid concerns over Japan’s weaker industrial production

Japanese stock fell after data showed that Japan's industrial production fell short of expectations in October. All but three of 33 industry groups of the Topix index took a dive.

Dec 01, 2015 4:11 AM EST

Amazon unveiled its new drone prototype

Amazon showed off a new drone prototype for its planned 30-minute unmanned delivery service. The prototype shows that the drone used by the company will be able to deliver a package at a speed of 55 mph.

Dec 01, 2015 4:09 AM EST

Ford new union deal will cost the company $600 million in Q4

Ford reaches a new agreement with the UAW and it will cost the company up to $600 million. Based on the new agreement, Ford will also systematically removed its two-tier wage system and give more benefit to its worker.

Dec 01, 2015 2:22 AM EST

Gold at its lowest level, dollar at multi-month high for expectations of fed rate hike

Gold is at a six year low hitting its biggest monthly drop in two and a half years, while the dollar is at a multi-month high, as investors and analysts expect the possibility of a U.S. interest rate hike.

Nov 30, 2015 8:31 PM EST

Drought, the Reason of Weakening Rand And The Cause of Food Inflation

The drought in South Africa has started to push food prices higher. The effect of it on inflation is a matter of concern for monetary policy committee of RBI as the value of rand is weakening against dollars. SA will face a serious fiscal crisis if rains do not start falling soon.

Nov 30, 2015 10:53 AM EST

US rate hike concerns push Rupee to 26-month lower

The Indian currency Rupee fell against the US dollar to 26-month low following increased concerns about interest rate hike by US Fed. FIIs may sell heavily in Indian markets if US interest rate is increased. Rupee fell 5.5 percent against US dollar this year so far.

Nov 30, 2015 3:02 AM EST

Metals bounce, Asian stock futures gain as equities ease

Asian markets recorded diverge trends in global markets. Metals prices started rebounding along with rising Asian stock futures while stocks slipped into pressure on Friday. The US index futures also rallied. The Chinese government's probe into short selling is weakening the investors' confidence.

Nov 30, 2015 2:43 AM EST

Iran is changing its oil and gas contract to attract $30 billion in new investment

Iran has revealed a new model of oil and gas contracts during a conference in its capital city in an attempt to lure back international oil companies to invest in the country. According to the announcement, Iran will change its buyback system and allow foreign investors to hold more stake in the long run.

Nov 29, 2015 11:29 PM EST

T-Mobile gifts customers with unlimited LTE promo

T-Mobile started its first "un-carrier unwrapped" promotion with a promotion meant to rewards its existing customers. The company announced today that all existing Simple Choice customers will get 3 months of unlimited LTE data.

Nov 29, 2015 9:55 PM EST

LG Display to build new OLED plant with $8.7 billion investment

South Korea's LG Display will invest more than 10 trillion won ($8.71 billion) to build OLED production plant in Paju, South Korea. The production plant will start its production in the end of 2017 as anticipating move of Apple adopting OLED displays for the next iPhones in 2018.

Nov 28, 2015 4:12 AM EST