Posted by support on October 26, 2016

LONDON (Reuters) - Britain has fined Vodafone (L:VOD) a record 4.6 million pounds for "serious and sustained" customer failures, including not updating accounts when mobile phone users topped up their credit to make calls.
Vodafone, the world's second-largest mobile operator, also failed to act quickly enough to identify or address the problems, the regulator said, which stemmed from a move to a new billing system.
Some 10,452 of the mobile phone giant's pay-as-you-go customers collectively lost 150,000 pounds over a 17-month period between the end of 2013 and April 2015.

Posted by support on October 26, 2016

NEW YORK (Reuters) - Oil prices fell more than 1 percent on Tuesday, with U.S. crude settling below $50 per barrel for the first time in a week ahead of data likely to show a build in domestic inventories.
Producers' verbal jockeying about the Organization of the Petroleum Exporting Countries' (OPEC) planned output cut weighed further on the market, analysts said, noting Iraq's resistance to the plan and its rising output for October.

Posted by support on October 18, 2016

Here are the top five things you need to know in financial markets on Monday, October 17:
1. U.K. borrowing costs hit post-referendum high on Brexit strife
Ten-year gilt yields (British sovereign bonds that mature in a decade’s time) rose on Monday to their highest level since the U.K. voted to leave the European Union (EU), known as a Brext.
The increase in yields reflects a sell-off of British sovereign debt as borrowing costs rise when prices fall.

Posted by support on October 18, 2016

WELLSTON, Missouri (Reuters) - The crammed-to-capacity parking lot at a job training centre in this St. Louis suburb is exhibit A for why the U.S. Federal Reserve remains at odds over the health of the U.S. labour market and how quickly interest rates should rise.

Posted by support on October 14, 2016

SEOUL (Reuters) - Samsung Electronics (LON:0593xq) Co Ltd on Friday said it expected to take a hit to its operating profit of about $3 billion (2.45 billion pounds) over the next two quarters due to the discontinuation of its fire-prone Galaxy Note 7 smartphone.
The outlook brings to about $5.3 billion the total losses the global smartphone leader has forecast as a result of the overheating issues, after it said on Wednesday it would suffer a $2.3 billion hit to third-quarter profit.

Posted by support on October 14, 2016

BEIJING (Reuters) - China's economy likely grew 6.7 percent in the third quarter from a year earlier, the same pace as in the previous quarter, as increased government spending and a property boom offset stubbornly weak exports, according to a Reuters poll of 58 economists.
Chinese leaders have been battling to get the world's second-largest economy back on steadier footing even as they try to jumpstart painful and politically sensitive reforms to cut industrial overcapacity and growing debt.

Posted by support on October 13, 2016

(Reuters) - Energy hedge fund manager Pierre Andurand said crude oil could hit $60 a barrel by the end of the year and $70 by summer 2017 as Saudi Arabia wants higher oil prices and will make it happen.
"Market participants are getting lost in monitoring how much each individual country is going to cut," Andurand wrote in the latest letter of his eponymous hedge fund that manages $1.4 billion (1.14 billion pounds), referring to Saudi plans to get OPEC and other oil producers to reduce output to boost prices.

Posted by support on October 10, 2016

Oil futures fell for the first time in three sessions on Friday, but still scored their third weekly gain in a row as market players awaited details of a planned output cut by the Organization of the Petroleum Exporting Countries.

Posted by support on October 10, 2016

The U.S. dollar declined against a basket of major currencies on Friday, retreating from a more than two-month peak after U.S. employment data for September disappointed analysts’ expectations, while the British pound plunged after what traders called a "flash crash" knocked the currency to a 31-year low.
The U.S. economy added 156,000 jobs last month, down from a gain of 167,000 in August, while the unemployment rate ticked up to 5.0%, the Labor Department said Friday. Market analysts had expected 176,000 new jobs and the jobless rate to hold at 4.9%.

Posted by support on September 29, 2016

ST. LOUIS (Reuters) - Investors may be expecting a U.S. interest rate increase in December, but Federal Reserve policymakers remain divided over whether the economy is mired in a rut, strong enough to withstand an immediate hike or hovering somewhere in between.
Speaking in the wake of the U.S. central bank's decision last week to hold rates steady, 10 Fed officials fanned out for appearances this week in a profusion of "Fedspeak" that markets and the public are trying to digest.

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