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US running out of room to store oil; price collapse next?

4 Mar 2015 /  Jonathan Fahey, Sapa  
The United States has been producing and importing an average of 1.1 million more barrels of oil every day than it is consuming.

FTSE stages late rebound as traffic growth boosts IAG

4 Mar 2015 /  Reuters  
Standard Chartered gains on restructuring plan.

Euro weakens to 11-year low

4 Mar 2015 /  Rachel Evans and Lukanyo Mnyanda, Bloomberg  
On diverging economic growth.

World’s largest fund managers face tougher rules

4 Mar 2015 /  Ben Moshinsky, Bloomberg  
It will enhance authorities’ understanding of risks to global financial stability posed by the activities of entities in financial markets - Carney.

Alibaba buys $383m stake in film producer

4 Mar 2015 /  Lulu Yilun Chen, Bloomberg  
The e-commerce giant has been hunting for entertainment content as China's online video market grows.

Eurozone business growth at seven-month high in Feb

4 Mar 2015 /  Jonathan Cable, Reuters  
Services firms at most optimistic since May 2011 - Markit's PMI.

SpaceX profitable as Musk pulls in NASA contracts, Google cash

4 Mar 2015 /  John Lippert, Bloomberg  
The space exploration company has contracts worth $4.2bn for hauling US astronauts and supplies to the International Space Station.

India’s central bank surprises with post-budget rate cut

4 Mar 2015 /  Reuters  
Lowered its policy repo rate by 25 basis points to 7.5%

JPMorgan to pay $50m over improper mortgage practices

4 Mar 2015 /  Reuters  
The settlement includes cash payments, mortgage loan credits and loan forgiveness to homeowners.

Wall Street falls from records, led by technology stocks

3 Mar 2015 /    
Microsoft Corp weighed most on the Nasdaq and S&P 500.

UK’s FTSE falls back from record high as Smith & Nephew slumps

3 Mar 2015 /  Reuters  
Barclays, Glencore slip after updates.

US cash may last until November with no debt limit hike

3 Mar 2015 /  Reuters  
Slightly later than a previous forecast.

Apple edges out Samsung in global smartphone sales – Gartner

3 Mar 2015 /  Reuters  
Apple sold 74.83 million smartphones, Samsung sold 73.03 million.

Sceptical Audi returns to electric sports cars

3 Mar 2015 /  Andreas Cremer, Reuters  
Revamped R8 e-tron has doubled range to 450 km.

Ecobank wants to fight former CEO’s claims in English courts

3 Mar 2015 /  Renee Bonorchis, Bloomberg  
After appealing judgments in Ivory Coast and Togo.

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