UNITED KINGDOM

IBTimes Logo

Asian stocks fall, yen dips as Japan PM quits

Asian stocks followed Wall Street down on Wednesday as jitters over the euro zone's debt crisis prompted investors to keep cutting riskier positions, while the euro steadied after hitting a four-year low.

BP seeks to reassure investors over oil spill cost

IBTimes Logo
BP will seek to patch up its battered share price by reassuring investors the cost of cleaning up the oil spill in the Gulf of Mexico is manageable and will not affect dividends, British media reported on Wednesday.
IBTimes Logo

Prudential withdraws $30.4 billion AIA bid

Prudential Plc said on Wednesday it is withdrawing from its effort to buy AIG's Asian life insurer, an expected move by the U.K. group after AIG turned down a $30.4 billion offer for the company.
More news
IBTimes Logo

BA, striking union hold talks

British Airways Plc and officials from the Unite trade union plan were holding talks on Tuesday to try to resolve a dispute with cabin crew staging the latest in a series of strikes.
IBTimes Logo

Spill wipes $23 billion off BP

Fears oil may continue spewing into the Gulf of Mexico for another two months into the hurricane season wiped $23 billion off BP's market value on Tuesday and sent the cost of protecting its debt soaring.
IBTimes Logo

EUR/USD … silence before the storm ?

Good morning dear traders, .... there is not much to report of yesterday´s trading day as there have been only little trading chances due to very low volatility in the markets.
IBTimes Logo

Euro and stocks slip on slowdown caution

The euro and Asian stocks slipped on Tuesday on creeping suspicion that a peak in the recovery has passed and slowing growth in China and Europe in the second half of the year will be obstacles to risky trades.
IBTimes Logo

Euro, stocks down on fears of coming slowdown

The euro and Asian stocks slid on Tuesday with creeping suspicion that a peak in the recovery has passed and slowing growth in China and Europe in the second half of the year will be obstacles to risky trades.
IBTimes Logo

Australian Dollar Outlook 01/6/2010

The AUD has opening relatively unchanged this morning due to the quiet offshore trading session as the US and UK markets were closed for public holidays.
IBTimes Logo

Daily forex forecast - 01/6/2010

The Australian dollar opens weaker today at 0.8450 against the US dollar after pushing back from Friday's early offshore rally above 0.8500.
IBTimes Logo

Oil climbs above $74, ending worst month since 2008

Oil climbed above $74 per barrel on Monday in line with a timid recovery across financial markets, but still logged its biggest monthly loss in 18 months after the European economic crisis raised the prospect of reduced fuel demand.
IBTimes Logo

Oil above $74 on wider rally, down 14 percent in May

Oil crept above $74 on Monday in line with a timid recovery across financial markets, but was set for its biggest monthly loss in 18 months after European economic crisis raised the prospect of reduced fuel demand.
IBTimes Logo

Apple says sold 2 million iPads

Apple Inc said it sold 2 million iPads since launching the touch-screen tablet in the United States nearly two months ago and taking it to nine international markets this past weekend.
IBTimes Logo

ICA, CCA in pact to explore potential in cotton trade

In order to extend cooperation in cotton markets, the International Cotton Association and China Cotton Association (CCA) have joined hands to formally acknowledge the cooperation between the two trade associations.
IBTimes Logo

Union warns British Airways of further strikes

British Airways could face even more strike disruption this summer unless it resolves a dispute with cabin crew over travel perks, the co-leader of Britain's biggest union Unite said on Monday.
IBTimes Logo

Euro steadies after worst month since early 2009

The euro steadied on Monday but remained under pressure after Fitch downgraded Spain's credit rating and France said keeping its top credit rating may be a stretch without tough budget cuts.
IBTimes Logo

Australian Dollar Outlook 30/5/2010

The Australian Dollar has come off from its recent high on Friday night of 0.8550 as investors trimmed their positions ahead of the long weekend in the US (Memorial Day today) and the UK (May Bank today as well).
IBTimes Logo

Daily forex forecast - 31/5/2010

The Australian Dollar opens sharply higher today at 0.8510. Despite a surprise drop in new capital spending, which fell 0.2 per cent in the first quarter, the Aussie rallied from an intraday low of 0.8220.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.