Russia: Better Iran-Saudi Arabia ties will help oil prices February 15, 2016 Russia has indicated it would like to see better relations between regional rivals Iran and Saudi Arabia, at a time when oil markets are awash with speculation of a production cut deal. A senior official at Russia's foreign ministry, Zamir Kabulov, reportedly said that this would help oil prices, which have fallen to around $33 per [...]
Goldman Sachs, JP Morgan and Morgan Stanley bosses rally behind staff after Trump travel ban January 30, 2017 The bosses of three US banking giants have moved to reassure staff after President Donald Trump introduced a travel ban over seven majority Muslim countries. In a voicemail sent to staff yesterday evening, Goldman Sachs chief executive Lloyd Blankfein hit back at the policy, saying: "This is not a policy we support, and I would note that it has [...]
Trump’s immigration ban has been blocked nationwide by a Seattle judge February 4, 2017 A US judge in Seattle has issued a temporary nationwide block on President Donald Trump's ban on citizens from seven Muslim majority countries. The Department of Justice (DoJ) has though, said it will appeal against the Seattle ruling. Trump's executive order had halted the US refugee programme and banned anyone from the countries Iraq, Iran, Somalia, Yemen, Sudan, [...]
Oil prices settle above $51 as Opec deal optimism abounds October 4, 2016 Oil prices hit a four-month high today as investors felt increasingly optimistic about the ability of Opec to agree its first production cut in eight years. Brent crude, the global benchmark, rose 0.45 per cent to $51.12 per barrel in late afternoon trading. West Texas Intermediate crude swelled 0.08 per cent to $48.85. Investor sentiment has [...]
British nationals will be exempt from Trump’s travel ban, foreign office says January 29, 2017 Foreign Secretary Boris Johnson tonight said UK nationals will be exempt from US President Donald Trump's executive order banning travel from seven majority Muslim countries. UK nationals who are travelling to the US from one of the seven countries, which include Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen, will not be barred entry even if [...]
Brent crude oil price dips after eyeing $50 a barrel and West Texas Intermediate crude also slides November 22, 2016 The benchmark oil price pared back earlier gains today, after edging close to $50 a barrel. Brent crude rose as high as $49.96 before losing around one per cent, or 51 cents, on the Monday’s close to reach $48.39 a barrel during early evening trading in London. West Texas Intermediate crude, the US benchmark, slid 1.7 [...]
Oil prices climb back from earlier losses as dust settles on Donald Trump win November 9, 2016 Oil prices have recouped earlier losses as global markets adjusted to Donald Trump's election as the 45th US president. Global benchmark Brent crude was trading up 0.04 per cent, or two cents, to $46.06 a barrel in the early afternoon UK time. Prices fluctuated around four per cent between $44.40, the lowest level since mid-August, [...]
Iran holds first election since sanctions over its nuclear programme were lifted February 26, 2016 Millions of Iranians went to the polls for the first time since it was freed from sanctions following a deal with world powers over its nuclear programme today. The two crucial elections could alter the balance of power between moderates and hardliners in two of the Iran's key institutions. Both are currently dominated by the latter. Around 5,000 candidates [...]
Deutsche Bank and Credit Suisse share prices rise after multi-billion pound settlements with US Department of Justice December 23, 2016 Deutsche Bank and Credit Suisse's share prices have risen this morning after the two lenders agreed to multi-billion dollar settlements with the US Department of Justice (DoJ). Deutsche Bank announced it had reached a $7.2bn (£5.8bn) agreement in principle with the US authorities early this morning over the sale and pooling of mortgage-backed securities in the run-up [...]