Oil prices jump more than 10 per cent in biggest one-day rally since 2009 August 27, 2015 Oil prices went through their sharpest rise in six and a half years today, as the commodity benefited from recovering equity markets and reduced fears over China's economic slowdown. Read more: Commodities plunge to 16 year low as China fears push oil prices down further US crude finished the day 10.3 per cent higher [...]
Standard Chartered share price hit by new threat of US Iran investigations October 30, 2014 Shares in Standard Chartered took another blow yesterday on reports that the New York department of financial services (DFS) is stepping up its investigations into the bank. The bank paid more than $667m (£417m) to a range of US regulators for breaking sanctions against Iran. Since then the DFS has had monitors in place at StanChart, and they [...]
Brent crude oil price falls as selloff deepens July 6, 2015 The global benchmark brent crude slipped 6.3 per cent to $56.54 per barrel today, below the 100-day average, amid the Greek debt crisis and continued turmoil in China's battered stock markets. The selloff deepened from earlier today, when prices collapsed below the $60 per barrel mark for the first time since mid-April, hitting $58.89 per barrel. Read [...]
From Sir Mike Rake, John Dixon and Martin Wheatley’s shock departures to Apple Pay: Here’s what got us talking this week July 17, 2015 There was some golf. There was cheese (with our burgers) in London. And throughout the country's railway stations, there was a quiz that got us scratching our heads. Here's what got us talking this week 1. The City was overrun with ejecting chairs Fresh from Antony Jenkins' sacking last week, this week it was the [...]
Commodities crash to 11-year low as deflation fears grow: Latest price slump complicates backdrop for interest rate hikes July 20, 2015 Global commodity prices have slumped amid a glut of supply and low demand – and now experts are foreseeing the prospect of deflation in the West. A basket of commodities measured by the Bloomberg commodities index has fallen to an 11-year low, and the index is down 42 per cent since its peak in [...]
City A.M.’s journalists take a look at what 2016 has in store for the world of finance and business January 4, 2016 BANKING Strengthening outlook despite more regulatory bumps ahead Bank of England governor Mark Carney may have declared the banking crisis officially over at the end of last year, but 2016 looks to be far from a challenge-free year for Britain’s biggest banks. To be sure, all seven of the UK’s leading lenders passed the Bank’s [...]
Three ways to win arguments with colleagues August 28, 2015 It’s intent, rather than substance, which really riles people From debates over strategy to differences in political opinion and personal values, tensions are likely to flare up in high-pressure work environments. But when your conduct is being scrutinised by colleagues, you’ve got to keep your cool. Here are three tips for speaking your mind [...]
Black gold: As prices stay low, is $50 oil here to stay? August 4, 2015 Is $50 oil here to stay? Oil has dominated the headlines as persistently low prices continue. The halving of the oil price from over $110 a barrel last summer was widely expected to be a short-term blip. But one year on, prices remain depressed. Last week, Brent crude touched a five-year low of [...]
Wall St falls as energy drags finance gains – New York Report July 15, 2015 US STOCKS stocks edged lower yesterday following comments from Federal Reserve Chair Janet Yellen, as a decline in energy shares outweighed gains in the financial sector in the latter stages of trading. The energy sector, down 1.6 per cent, was the worst performer of the 10 major S&P groups as oil prices retreated on concerns [...]
US oil price lift offsets worries over world debt – New York Report July 7, 2015 US STOCKS ended higher after a choppy session yesterday, as a rebound in US oil prices helped offset concerns about a slowdown in China and the Greek debt crisis. The S&P energy index reversed course to trade up 0.9 per cent as US crude oil rose 0.7 per cent after trading as much as 3.7 [...]