Bill Gates tops Forbes rich list
Bill Gates is declared the richest man in the world for the 16th time by Forbes magazine’s annual ranking of global billionaires.
BBC News – Business
Archive for the ‘Business News’ Category
U.S.-Israel Partnership ‘Transcends Politics,’ Ambassador Power Says
Her remarks at the annual American Israel Public Affairs Committee come a crucial time for U.S.-Israeli relationship.
UK house prices fall in February
UK house prices dropped in February for the first time in five months, according to Nationwide.
BBC News – Business
Europe shares hold at seven-year highs, China rate cut lifts Asia
European shares clung to seven-year highs on Monday, lifted by merger activity in the telecoms sector, while Asian stocks edged up after China cut interest rates at the weekend. The dollar hit an 11-year high against a basket of currencies, partly as a result of a weaker Chinese yuan and on growing prospects of a rise in interest rates from the U.S. Federal Reserve. German manufacturing activity expanded further in February as new order rose, according to Markit's final purchasing manager's index (PMI) for the month. China, which posted its slowest growth in decades in 2014, cut on Saturday its benchmark lending and deposit rates..
Asia stocks edge up on China rate cut, dollar index at 11-year high
Asian stocks edged higher on Monday as China's weekend interest rate cut partially offset soft U.S. data, while the dollar hit an 11-year high against a basket of currencies. China on Saturday stepped up its easing tempo and cut its lending and deposit rates as the world's second largest economy tries to ward off deflation. Australian shares posted some of the biggest gains in Asia following the China rate cut, gaining 0.6 percent after touching a seven-year peak as resource shares surged.
Oligarch faces North Sea deal block
The UK government says it will block the sale of 12 North Sea oil and gas fields to Russian oligarch Mikhail Fridman.
BBC News – Business
Asia edges up after China rate cut, euro sags
Asian stocks got off to a steady start on Monday as soft U.S. data was partially offset by a weekend interest rate cut by China, while the dollar hit a five-week high against the euro. China on Saturday stepped up its easing tempo and cut its lending and deposit rates as the world's second largest economy tries to ward off deflation. "News of China’ rate cut should help buyer mood this morning, compensating for a weak lead from the US market," said Ric Spooner, chief market analyst at CMC Markets in Sydney. In some senses this rate cut is a technical response to the fact that lower inflation is making real borrowing costs more expensive in China," Spooner said.
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