French Oil Giant Boss Dies in Moscow Executive-Jet Crash

Posted by Forexsq 4 days ago (
img Total SA (FP)’s Christophe de Margerie died when his airplane struck a snowplow on a Moscow runway, ending a career in which he oversaw the biggest expansion of oil reserves at the French energy giant in at least 15 years.

The 63-year-old chief executive officer, who’d been attending a summit of foreign investors in Russia, was returning to Paris when his private jet crashed in poor visibility

Dollar Holds Losses With Early Fed Rate Increase Prospect Fading

Posted by Forexsq 4 days ago (
img The dollar held declines from yesterday against a majority of its major peers as traders speculated a slowdown in global growth will delay the timing of a Federal Reserve interest-rate increase.

The Bloomberg Dollar Spot Index, which measures the currency against a basket of 10 counterparts, has weakened 0.8 percent so far this month amid shifting Fed expectations before policy makers next mee

S&P 500 Climbs for 4th Day on Stimulus Signs, Earnings

Posted by Forexsq 4 days ago (
img U.S. stocks rose for a fourth day as investors speculated the European Central Bank will boost economic stimulus and companies from Apple Inc. (AAPL) to Travelers Cos. reported earnings.

The Standard & Poor’s 500 Index rose 0.6 percent to 1,916.05 at 9:31 a.m. in New York. The Dow Jones Industrial Average climbed 58.31 points, or 0.4 percent, to 16,457.98. The Nasdaq Composite Index was up 1 p

Yahoo profit soars following the Alibaba IPO

Posted by Forexsq 3 days ago (
img Yahoo can't hide behind Alibaba anymore.

The Web giant's profit soared in the third quarter, after earning $6.3 billion from selling part of its stake in Alibaba (BABA, Tech30), the Chinese e-commerce giant. Alibaba debuted last month on the New York Stock Exchange in the largest IPO in Wall Street history.

Yahoo (YHOO, Tech30), whose stock had been buoyed by the pre-IPO hype, has already c

U.S. consumer prices rise on shelter costs | Top Forex Brokers

Posted by Forexsq 3 days ago (
img U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while. The Labor... moreShare it now!

Pistorius starts five-year term for killing Reeva Steenkamp

Posted by Forexsq 4 days ago (
img Olympic and Paralympic sprinter Oscar Pistorius started his five-year jail sentence on Tuesday for killing his girlfriend Reeva Steenkamp, marking the end of a trial that has gripped South Africa and millions around the world.

His uncle, Arnold Pistorius, indicated he would not appeal.

As judge Thokozile Masipa gave her decision on the 27-year-old's culpable homicide conviction, Pistorius,

Oil Slump Rings Alarm Bells for Nigeria as Elections Loom

Posted by Forexsq 4 days ago (
img Nigeria’s efforts to prop up its currency months before presidential elections are being undone by the slide in oil prices.

The naira tumbled to within 0.3 percent of a record low as Brent crude fell to the lowest level in more than four years. While some of the world’s biggest banks say the collapse in oil is just about over, further losses would force Africa’s largest producer to choose betw

Euro Drops on Speculation ECB May Expand Stimulus

Posted by Forexsq 4 days ago (
img The euro declined against the dollar after Reuters reported the European Central Bank is looking to buy corporate bonds on the secondary markets, damping demand for the shared currency.

The euro weakened versus 13 of its 16 major peers even as a spokesman for the central bank told Reuters “the Governing Council has taken no such decision.” The dollar halted a three-day gain versus the yen as t

Total CEO dies in plane crash

Posted by Forexsq 4 days ago (
img French oil company Total has confirmed the death of its chairman and CEO, Christophe de Margerie, in a crash between his private plane and a snowplow at Moscow international airport.

Three members of the plane's crew were also found dead at the scene of the accident.

Russian officials said they had already established that the snowplow driver was drunk but would also consider other possible

McDonald’s profit falls 30% on U.S., China woes

Posted by Forexsq 4 days ago (
img McDonald’s Corp. said its third-quarter earnings fell a worse-than-expected 30% as the fast-food giant continues to struggle in the U.S. and other parts of the world.

“McDonald’s third-quarter results reflect a significant decline versus a year ago, with our business and financial performance pressured by a variety of factors--from a higher effective tax rate, to unusual events in the operatin

Ukraine, Russia, EU energy chiefs meet to finalize gas deal

Posted by Forexsq 4 days ago (
img Russia and Ukraine aim to resolve an impasse over natural gas supplies on Tuesday as their energy ministers meet in Brussels for talks brokered by the European Union's energy commissioner.

Citing unpaid bills worth more than $5 billion, Russia cut off gas flows to Kiev in mid-June, adding to tensions sparked by Russia's annexation of Ukraine's Crimea region.

Draghi has his back to the wall | Top Forex Brokers

Posted by Forexsq 4 days ago (
img Mario Draghi, the European Central Bank president, indicated in September that the latest measures to boost faltering eurozone inflation and get the economy moving again could increase the ECB’s balance... moreShare it now!

Ebola Front-Line Doctors at Breaking Point

Posted by Forexsq 5 days ago (
img At 3:30 a.m. in the world’s biggest Ebola treatment center, Daniel Lucey found the outbreak reduced to its essentials: patients lying on mattresses on the floor and vomiting in the dark, visible only by the wavering flashlight beam of a single volunteer doctor.

“I don’t see a light at the end of the tunnel,” said Lucey, a physician and professor from Georgetown University who is halfway throug

Oil Workers Earning $179,000 Expose Norway to Crude Crash

Posted by Forexsq 5 days ago (
img Norway, where oil helped create one of the world’s most stable and prosperous societies, is among the most exposed to falling crude prices.

Though the blessings of energy wealth have hardly turned to a curse, the industry’s labor costs, which saw the average offshore worker earn $179,000 last year, threaten to curb investment in new projects as oil tumbles.

The country has already been copi

European Stocks Decline After Four-Week Rout as SAP Drops

Posted by Forexsq 5 days ago (
img European stocks fell, following their longest streak of weekly losses in more than a year, as worse-than-estimated financial results added to concerns over the region’s economic recovery.

SAP SE lost 4.2 percent after the world’s largest supplier of business-management software cut its full-year earnings forecast. Royal Philips NV declined 4.1 percent after third-quarter sales and profit misse

Become Our Fan