Monthly Archives: October 2016

EUROPEAN MARKETS DROPPED AS CRUDE OIL PRICES WEAKENED

VIENNA (Alliance News) – The European markets got off to a weak start Monday and remained in negative territory throughout the session. The loss extended the losing streak in Europe to six… Read More

EUROZONE GDP LOGS STABLE GROWTH IN THIRD QUARTER

VIENNA (Alliance News) – Eurozone growth remained steady in the third quarter as the region benefited from the stimulus measures taken by the European Central Bank to cushion any possible shock from… Read More

BOE GOVERNOR CARNEY TO SERVE FULL EIGHT-YEAR TERM

LONDON (Alliance News) – Bank of England Governor Mark Carney is ready to serve his full eight-year term, the Financial Times said, contrary to another press report over the weekend that he… Read More

RBS REPORTS THIRD QUARTER LOSS, WON’T HIT 2019 TARGETS

LONDON (Alliance News) – The Royal Bank of Scotland Group PLC reported Friday a loss for its third quarter driven by litigation and restructuring costs and warned there may be more to… Read More

EU MEMBERS APPROVE BELGIAN COMPROMISE ON CANADA TRADE DEAL

BRUSSELS (Alliance News) – Ambassadors for the EU’s 28 member states have accepted a Belgian compromise text securing domestic support for the EU-Canada trade deal, EU sources say on condition of anonymity…. Read More

UK GDP EXPANDS MORE THAN FORECAST IN THIRD QUARTER

LONDON (Alliance News) – The UK economy expanded more than expected in the third quarter, preliminary data from the Office for National Statistics revealed Thursday. Gross domestic product climbed 0.5% sequentially in… Read More

UK GOVERNMENT SELLS LLOYDS SHARES TO CUT STAKE BELOW 9%

LONDON (Alliance News) – The UK government sold off another tranche of its shareholding in Lloyds Banking Group PLC Thursday, bringing its interest in the bank below 9%. Her Majesty’s Treasury sold… Read More

US TRADE DEFICIT IN GOODS NARROWS IN SEPTEMBER

WASHINGTON (Alliance News) – The US trade deficit in goods came in at USD56.1 billion in September, down 5.2% from USD59.1 billion in August. Advance wholesale inventories edged up 0.2% in September…. Read More

UK CHANCELLOR FACING GBP84 BILLION BLACK HOLE IN BUDGET – THINK TANK

LONDON (Alliance News) – UK Chancellor of the Exchequer Philip Hammond is facing an GBP84 billion black hole in public finances fuelled by Brexit in next month’s mini-budget, a think tank has… Read More

GOLD RISES AS FED TURNS MUM

WASHINGTON (Alliance News) – Gold futures continued to rise Tuesday amid physical demand from Asia, but gains were subdued on expectations of a US interest rate hike. Dec. gold settled at USD1,273.60/oz,… Read More