Global Markets brief

17 January 07:11 PM GKN dismisses GBP 7.4bn acquisition bid
GKN has rejected a GBP7.4 billion hostile takeover from Melrose Industries
17 January 06:31 PM Cryptocurrencies slump, bitcoin below 10,000 for 1st time since December
The digital currencies extended sharp losses on Wednesday amid fears of escalated restrictions by government across the world
17 January 05:26 PM Goldman Sachs posts losses for 1st time since 2011
Goldman Sachs on Wednesday reported a loss in the fourth quarter of 2017, marking the first quarterly loss in six years
17 January 04:12 PM UK government should do more to meet climate targets -CCC
Urgent actions should be taken by the UK government to meet climate targets, the Committee on Climate Change (CCC) said on Wednesday
17 January 02:51 PM Italy’s Ferrero acquires sweets brands from Nestle for $2.8bn
Nestle sold several of its US confectionery brands to Italy’s Ferrero
17 January 02:03 PM US welcomes immigrants from everywhere, Trump says
Donald Trump says he wants immigrants from everywhere around the world to come to the US
17 January 12:53 PM European auto sales grow 3.4% in 2017
The Eurozone’s new passenger car sales rose for the fourth consecutive year in 2017
17 January 12:14 PM European stocks fall on banks sector Wednesday
European indices declined on Wednesday, hit by the weak performance in the banks sector
16 January 10:25 PM Brexit will save UK more than £350m/week - Minister
Britain will have even more money to spend on than the disputed pounds a week Brexiteers promised after the country leaves the EU
16 January 09:06 PM NY Fed raises inflation, wages growth forecasts
Inflation expectations in the United States increased in December to the highest level in months
16 January 06:46 PM Citi stock jumps on above-forecast profits
Citigroup reported losses of $18.3 billion during the fourth quarter ended 31 December.
16 January 03:20 PM Cryptocurrencies slump as china tightens crackdown
The digital currencies incurred a grave loss on Tuesday
16 January 12:48 PM Asian stocks extend gains, Hang Seng hits record high
Asian shares ended Tuesday trading higher amid investors’ optimism about the corporate earnings season after the US tax reform
16 January 12:07 PM European shares in green Tuesday before economic data
European stocks rose on Tuesday as companies continue diclosing their financial results and investors wait for important economic data
15 January 06:51 PM UK’s Carillion files for bankruptcy, prompts job fears
UK-based Carillion has filed for bankruptcy after failing to reach a settlement with authorities and banks.
15 January 05:31 PM Ford expands in electric cars with $11bn investments
Ford Motor Company is looking to scale up its investments in Electric Vehicles.
15 January 04:51 PM Burning tanker causes giant oil spill in East China Sea
Iranian oil tanker Sanchi has left the largest oil slick since 1991
15 January 03:05 PM Zuckerberg loses $3bn in day after Facebook update
Facebook’s share price last fell by 4.47% to $179.37 after Mark Zuckerberg posted about the changes the giant social network is planning to do
15 January 02:57 PM French finance minister forecasts above-target growth in 2018
Bruno Le Maire forecasts that France’s economy was likely to outperform the government’s expectations for 2018
15 January 02:20 PM Asian stocks end Monday mixed as US dollar weakens
Asian shares saw a mixed performance on Monday, which came in line with a weak US dollar and higher oil prices.
15 January 01:19 PM Japan’s SoftBank mulls $18bn telecom business IPO
SoftBank Group on Monday announced it was considering listing its wireless business, SoftBank Corp, on the Tokyo Stock Exchange.
15 January 01:02 PM US dollar extends losses amid bank holiday
The US dollar continued falling against major currencies on Monday, coinciding with US markets being closed for the Martin Luther King Jr. day
15 January 12:15 PM European stocks drop after hitting 3-yr high last week
European indices fell on Monday from three-year highs as the euro jumped significantly on the back of the positive political sentiment seen in the market
14 January 02:56 PM Emergency missile alert sent out in Hawaii by mistake
About 38 minutes later, authorities reversed their warning with a second alert announcing no missile threat or danger
12 January 08:21 PM German politicians closer to forming new government
German politicians are nearing an agreement to form a new coalition government, after reportedly reaching a breakthrough in negotiations