Business


German minister sees hope of 'soft' Brexit

Andrea Leadsom, leader of the Britain's lower legislative house, said that Brexit would require a lot of legislation, including a law to enshrine current European Union rules into British law, known as the "Great Repeal Bill". Mr Brokenshire insisted the Government would honour its commitments in the Good Friday Agreement and warned that time was running out if powersharing was to be restored and a return to direct rule from Westminster avoided.


NZ dollar slips as Fed talks up USA inflation, stoking greenback demand

NZ dollar slips as Fed talks up USA inflation, stoking greenback demand

The dollar was subdued after USA homebuilding fell for a third month in May to the lowest in eight months and a barometer of US consumer sentiment unexpectedly fell in early June, prompting concerns about the Federal Reserve's plans to stick with its monetary policy tightening.


Crude Oil Rebounds As Dollar Falters

Crude Oil Rebounds As Dollar Falters

Moreover, data from industry group the American Petroleum Institute had suggested on Tuesday that US crude inventories fell by 4.6 million barrels. American production has expanded to 9.34 million barrels a day, according to the EIA. Rigs in the US have more than doubled in the past year, according to Baker Hughes Inc., with Texas' prolific Permian Basin leading the surge. Commodities brokerage Marex Spectron said it expects a "lower supply of crude oil on the physical market" in the ...



Greece gets 8.5 billion euros and some idea of future debt relief

One of the reasons why Greece's bailout program stalled over the past few months was a disagreement on debt relief between the eurozone and the International Monetary Fund , which contributed financially to Greece's first two bailouts but not the third.


New Analyst Ratings For Mitie Group (LON:MTO)

New Analyst Ratings For Mitie Group (LON:MTO)

The firm has "Focus List" rating given on Wednesday, September 16 by Credit Suisse. Deutsche Bank has "Buy" rating and GBX 1150 target. Wood Group John Plc had its "buy" rating reiterated by analysts at Numis Securities. The firm earned "Buy" rating on Tuesday, November 1 by Jefferies. JP Morgan maintained the stock with "Overweight" rating in Friday, April 15 report.


Moody's Cuts Ratings on Australia's Big Banks on Housing Concern

Moody's Cuts Ratings on Australia's Big Banks on Housing Concern

It reaffirmed their short-term ratings. If Australia's sovereign rating, which is already on a negative outlook, came under pressure, that would have an impact on bank ratings. Banks are carrying an arsenal of cash, as required now by regulators, in preparedness for any downturn in the economy or problems in the housing market but Moody's indicates it is not sure whether it will be enough.