For Traders   |   For Investors   |   For Fund Manager
Login Now
Sign Up

French Business Activity Contracts again in Nov Flash PMI

PARIS, Nov 23 Reuters French business activity contracted in November, according to a monthly survey, as demand for goods and services in the euro zone39;s secondbiggest economy deteriorated. The HCOB France flash purchasing managers index PMI for the services sector in November, compiled by SP Global, came in at 45.3 points. This was marginally better […]
Read More

Oil Slips 1 on Growing Angst over Delayed OPEC Meeting

Prices continue to fall after previous session39;s plunge Meeting delay stokes expectations OPEC might not deepen cuts Delay likely to be linked to dissenting African members sources Nov 23 Reuters Oil prices dipped about 1 on Thursday, extending losses after postponement of an OPEC meeting stoked expectations that the group might not deepen output cuts […]
Read More

EU Executive Approves 900 mln Euros in Funds for Hungary

Decision comes as Hungary blocks aid to Ukraine EU finance ministers to discuss Commission proposal on Dec. 8 EU bargains with Hungary ahead of key summit next month BRUSSELS, Nov 23 Reuters The European Union executive on Thursday approved 900 million euros 1 billion in advance payments to Hungary under its hitherto frozen share of […]
Read More

OPEC Postpones Policy Meeting to Nov 30, Oil Falls

OPEC had been scheduled to meet on Sunday Delay comes as countries struggle to agree output levels Dispute linked to African countries Oil loses nearly 1, rebounds from 4 drop earlier Delay shows there are some different views in group analyst DUBAILONDON, Reuters OPEC has delayed a ministerial meeting expected to discuss oil output cuts to […]
Read More

Sterling Rises to Highest since Early Sept on PMI Beat

LONDON, Nov 23 Reuters Sterling on Thursday rose to its highest against the dollar since early September after data showed British companies returned to growth in November, fuelling hopes Britain will avoid a recession. A day after finance minister Jeremy Hunt delivered a budget update, the SP GlobalCIPS UK Composite Purchasing Managers39; Index PMI showed a preliminary reading above […]
Read More

Japans Mizuho Applies to Set Up Securities Company in China

BEIJINGTOKYO, Nov 23 Reuters Japan39;s Mizuho Financial Group has sought to establish a securities company in China, becoming the latest foreign firm to make inroads into China39;s onshore securities market with a fullyowned entity. The China Securities Regulatory Commission has received the application from the securities arm of the thirdlargest Japanese banking group, according to a […]
Read More

China Wealth Manager Zhongzhi Flags Insolvency, 64B in Liabilities

BEIJING, Nov 23 Reuters China39;s Zhongzhi Enterprise Group, a leading wealth manager, told investors it is heavily insolvent with up to 64 billion in liabilities, threatening to reignite concerns that the country39;s property debt crisis is spilling over into the broader financial sector. The firm, which has sizable exposure to China39;s real estate sector, apologised […]
Read More

Virgin Moneys Profit Misses Forecasts, Cost Pressures Bite

Nov 23 Reuters British bank Virgin Money missed fullyear profit forecasts on Thursday, after it set aside more cash to cover loan defaults as stubborn inflation and steep borrowing costs squeeze household finances. Lenders face a tough economic outlook due to a higher risk of unpaid loans in a costofliving crisis and margin pressure from fierce […]
Read More

Archives

Categories