Opec has warned that the Brexit vote will weigh on European oil demand as it pumps more oil than at any time in recent history July 12, 2016 Diminished former oil cartel Opec has cautioned the UK's recent vote to quit the European Union could dampen oil demand across the continent. The warning comes alongside data that showed Opec countries between them pumped more oil than at any time in recent history, sparking fears the supply glut may not clear in the second half of the year. The [...]
Boeing takes steps to tap into Iranian market after Airbus made moves earlier this year April 12, 2016 Boeing has started talks with Iran to sell airliners into the largely untapped marketplace. Preliminary talks began this week in Tehran between Boeing and Iranian airlines, including Iran Air, around the possibility to sell Boeing's planes and services. The talks around what would be one of the most high profile deals between as US companies and Iran since [...]
Donald Trump’s travel ban provokes top tech bosses from Apple, Google, Uber, Twitter, Facebook and more to speak out on immigration January 29, 2017 The high profile bosses of several of the United States' biggest technology companies have spoken out after Donald Trump issued an executive order banning people from seven majority Muslim countries entering the US. Google founder Sergey Brin, himself a migrant from the former Soviet Union, attended a protest at San Francisco airport in a personal capacity, he told reporters. [...]
Brussels and Washington DC must end this silly standoff over taxes and fines August 31, 2016 Transatlantic relations were hardly flourishing even before Apple was slammed with a €13,000,000,000 tax bill by the European Commission yesterday. Such is the awkward standoff between Washington DC and Brussels that the move was pre-empted in America last week, with the US Treasury accusing the EC of becoming a “supranational tax authority”. The tax tiff [...]
Brent crude and West Texas Intermediate oil prices slide on huge surprise increase in US crude stocks August 24, 2016 The price of US oil fell by more than two per cent this afternoon after an unexpected increase in crude stocks in the country reinvigorated worries about a global supply glut. Today the US Energy Information Administration (EIA) released figures showing domestic crude supplies rose by 2.5m barrels in the week ended 19 August to a [...]
City Moves for 12 September | Who’s switching jobs September 12, 2016 UHY Hacker Young UHY Hacker Young has appointed Martin Jones as a new partner in its London audit and assurance team. Martin joins from Ecovis Wingrave Yeats, where he was a partner in the audit team. He brings over 30 years of experience providing audit, financial reporting, outsourcing and advisory services to firms of all sizes, across a range [...]
Oil loses fight to stay above $50 as investors weigh Opec meeting June 3, 2016 Oil lost its fight to stay above $50 today, as investors reacted to a closely-watched meeting of the Organisation of Petroleum Exporting Countries (Opec). Brent crude, the global benchmark, fell 0.3 per cent to $49.90 per barrel today, having broke through the $50 threshold earlier. West Texas Intermediate, the US benchmark, also slumped 0.3 per cent to $49. Read [...]
Before the bell: What you need to know before the US market open September 28, 2016 Germany has been forced to deny reports of a possible Deutsche Bank bailout after investors abandoned the troubled bank and megabrew is on after investors voted to approve the deal. Here's what you need to know before the US market open at 2:30pm London time. US futures are pointing up ahead of the open, though not by [...]
Oil hovers rebounds from two-month low as traders eye Opec monthly report July 12, 2016 Oil pushed away from a two-month low today as supply squeezes threatened to re-emerge. Brent crude, the global benchmark, jumped 1.82 per cent to $47.09 per barrel this morning. Meanwhile, West Texas Intermediate crude, the US benchmark, swelled 1.52 per cent to $45.44. Read more: UK's largest oil and gas engineer Amec clinches two North Sea contracts Traders told Reuters that this [...]
Iranian brigadier general states country will continue ballistic missile development programme despite US sanctions March 28, 2016 An Iranian military commander has claimed Iran will continue to develop ballistic missiles, despite the US introducing sanctions on companies linked to the scheme. "Even if they build a wall around Iran, our missile programme will not stop," brigadier general Amir Ali Hajizadeh was quoted as saying by the Tasnim news agency, according to Reuters. "They [...]