Posted by support on October 26, 2016

 Apple Inc posted its third successive quarter of declining iPhone sales on Tuesday and forecast slimmer-than-expected profit margins over the upcoming holiday season even as it projected record sales, sending its shares down.
The world's most valuable publicly traded company said improved sales from China were around the corner, despite revenue falling almost 30 percent from the country in the latest quarter. It said sales so far to India have only scratched the surface.

Posted by support on October 26, 2016

LONDON (Reuters) - Chancellor Mark Carney said on Tuesday that there were limits to the central bank's ability to ignore the effect of sterling's slide on inflation, as policymakers consider whether to cut interest rates next week.
Carney also told lawmakers that political criticism would not influence his decision on whether to extend his time at the BoE, but warned that any interference with its independence would hurt the currency and push up government borrowing costs.

Posted by support on October 24, 2016

SINGAPORE (Reuters) - Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and as U.S. drillers stepped up work.
Brent crude futures (LCOc1) were trading at $51.68 per barrel at 0656 GMT, down 10 cents from their last close.
U.S. West Texas Intermediate (WTI) crude (CLc1) was down 18 cents at $50.67 a barrel.

Posted by support on October 24, 2016

Oil futures reversed early losses to end higher on Friday, despite a stronger dollar after Russia’s energy minister said an oil output freeze agreement was necessary to help stabilize the market.
U.S. crude oil settled up 35 cents or 0.69% at $50.98 a barrel from its previous close.
Global benchmark Brent futures were at $51.91 a barrel, rising 53 cents or 1.03%.

Posted by support on October 21, 2016

TOKYO (Reuters) - Asian stocks were mostly lower on Friday as the dollar climbed to seven-month highs against a basket of currencies and dragged down crude oil prices, cooling investor risk appetite.
Equities were expected to continue sagging in the European session, with spreadbetters forecasting a slightly lower open for Britain's FTSE, Germany's DAX and France's CAC.
The greenback was boosted by a fall in the euro after the European Central Bank shot down talk it was contemplating tapering its monetary easing - sending the common currency to its lowest since March.

Posted by support on October 21, 2016

SINGAPORE (Reuters) - Oil prices were stable on Friday, weighed by a stronger dollar, but supported by signs that physical fuel markets were tightening after two years of ballooning oversupply.
The dollar rose to its highest level since March against a basket of other leading currencies on Friday, potentially crimping demand as fuel becomes more expensive for countries using other currencies.
This came as China's offshore yuan fell to its lowest level in six years against the dollar.

Posted by support on October 20, 2016

LONDON (Reuters) - The Bank of England's 435 billion-pound government bond-buying programme is likely to bring about a 300 billion-pound increase in overall spending in Britain, equivalent to three times annual public health spending, the BoE's chief economist said on Wednesday.
Andy Haldane also said the quantitative easing programme would lead to the central bank holding around a third of the stock of British government bonds by 2018.

Posted by support on October 20, 2016

LONDON, (Reuters) - British retail sales recorded their strongest quarter of growth since late 2014 in the three months to September, but warm weather and higher prices dented demand for new clothing towards the end of the period.
Britain's statistics agency said consumer sentiment had remained firm since June's vote to leave the European Union, and that the sector would make a robust contribution to economic growth during the third quarter.

Posted by support on October 19, 2016

LONDON, (Reuters) - Job creation in Britain slowed in the three months to August although there was little sign of a big hit to the labour market from the country's decision to leave the European Union, official data showed on Wednesday.
The number of people in work rose by 106,000 between June and August, down from gains of more than 170,000 in each of three previous readings.
The unemployment rate held at a nearly 11-year low of 4.9 percent, in line with a forecast in a Reuters poll of economists.

Posted by kaela on October 19, 2016

BEIJING (Reuters) - China's economy expanded at a steady 6.7 percent in the third quarter and looks set to hit Beijing's full-year target, fuelled by stronger government spending, record bank lending and a red-hot property market that are adding to its growing pile of debt.
Wednesday's data painted a picture of an economy that is slowly stabilising but increasingly dependent on government spending and a housing boom for growth, as private investment and exports remain stubbornly weak.

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