Market Updates

20 Jul 2018

Trump criticises US central bank’s rate rises

The US President Donald Trump has stated that he is “not happy” with the recent US Federal Reserve interest rate hike. The comments raised questions in the US, where presidents are expected to avoid criticism of the central bank. However, Trump argued that a higher interest rate is a dis [...]

19 Jul 2018

IBM stock rises after better-than-expected earnings

IBM stock fluctuated and then edged up by more than 2.5% above $144.52 closing price after the company reported better-than-expected earnings yesterday. Its earnings per share is at $3.08 after it reported revenue of $20 billion, after edging up by 4%. This marks IBM’s third consecutive qu [...]

12 Jul 2018

Facebook faces UK fine for data breaches

The UK’s Information Commissioner’s Office (ICO) is hitting Facebook with the maximum possible fine of around $660,000 after the country’s privacy watchdog said its data sharing scandal broke the law. The ICO stated Facebook failed to safeguard people’s information and the social med [...]

09 Jul 2018

Crude prices rose as investors eye tight market

Oil prices edged up on Monday as investors stay focused on tight market conditions after last week’s data revealed that the US crude oil inventories fell to their lowest level in more than three years. The Organization of the Petroleum Exporting Countries (OPEC) and other countries agreed [...]

06 Jul 2018

Iran and world powers meet to save nuclear deal

Iran is set to meet world powers to present measures guaranteeing oil revenue and investment despite US sanctions. President Donald Trump pulled the United States out of the multinational deal in May under which sanctions on Iran were lifted. Foreign ministers from Britain, China, France, Ge [...]