Global shares mixed as China recovers from Wall Street drag

Global shares were mixed Thursday as sentiment was being dragged down by a slide on Wall Street, but Chinese benchmarks rose on optimism for growth. France’s CAC 40 dipped 0.2 percent in early trading to 5,311.47, while Germany’s DAX slipped 0.5 percent to 12,379.95. Britain’s FTSE 100 was down 0.2 percent at 7,216.16. U.S. shares […]

Facebook expands job search to more than 40 countries

Facebook Inc. expanded the jobs section on its social network, as it looks to compete in a market dominated by Microsoft Corp’s LinkedIn. The social media company expanded the job search and application tool it released almost a year ago in the U.S. and Canada to now serving more than 40 countries. With this innovation, […]

U.S. inflation surges 0.5% more than forecast on apparel, rent costs

U.S. consumer prices leaped 0.5 percent in January more than projected as apparel costs jumped the most in nearly three decades, adding to signs of an inflation pickup that have roiled financial markets this month, according to report by Bloomberg. The 0.5 percent surge is above the median estimate of economists for a 0.3 percent […]

Commodity traders gain relief on position limits under EU Mifid II

The UK financial regulator handed out more than a thousand exemptions to commodities traders in January after the introduction of wide-ranging markets reforms, underlining a scramble to comply with rules years in the making. Europe’s new Markets in Financial Instruments Directive (Mifid II) legislation set tougher limits on the size of positions traders could hold […]

New OPEC worries as U.S. oil output hits 10mbpd, weakening price rally

The Organisation of Petroleum Exporting Countries (OPEC’s) effort to prop up global oil prices may face a draw back as the United States oil production surged above 10 million barrels a day, first time in four decades. The milestone comes weeks after the International Energy Agency said the U.S. is poised for “explosive” growth in […]

Moody’s, Fitch brush off shutdown threat to U.S. sovereign rating

As the United States shutdown enters the third day with a projected telling effect on the economy, international rating agencies, Moody’s Investors’ Service, and Fitch Ratings have brushed off the impact of the shutdown to their rating of the U.S economy. Moody’s says it poses no immediate threat to its top-notch Aaa rating as long […]

World Bank withdraws support for oil, gas industries

The World Bank, which provides developing countries about US$60 billion a year in financial assistance, is officially phasing out its support for the oil and gas industries. This move brings its actions more in sync with its overarching commitment to slowing the pace of climate change and keeping the Paris agreement on track. Based on research regarding international relations, this move – which World […]

High fees, suspicious banks hinder UK investors from cashing out bitcoin profits

British investors who want to cash out of cryptocurrencies into pounds are facing the hurdles of having to make international money transfers, being charged high fees and drawing the suspicion of banks, according to a Financial Times report. Sales of cryptocurrencies, which include bitcoin and Ethereum, are commonly made through platforms known as exchanges. But […]

Shipowners at risk of losing insurance cover as IMO introduces more stringent sulphur emissions regulations

Shipowners could find that their vessels are deemed unseaworthy and their insurance cover is affected by failing to comply with more stringent sulphur emissions (SOx) regulations, according to insurance broker Marsh. The International Maritime Organisation (IMO) is introducing measures to reduce the sulphur footprint of commercial shipping vessels. Under Annex VI of the IMO’s International […]