balfour beatty
Balfour Beatty sees positive impact from US tax cuts

Balfour Beatty said US President Donald Trump's tax cuts will result in a one off £20m non-cash credit from the revaluation of US deferred tax liabilities.

China fourth quarter GDP growth beats forecasts, but some economists sceptical

China's economy grew more quickly than expected in 2017, according to both official and private sector estimates, but some economists believed the official figures belied the extent of the slowdown in the fourth quarter.

Wall street america US USA signs
US close: Dow Industrials breaks past 26,000, S&P tops 2,800 points

Wall Street continued to push higher, with the Dow Industrials clambering above the 26,000 point mark on Wednesday and the S&P 500 rising past 2,800 points, helped by upbeat economic data and tech giant Apple's announcement that it would repatriate part of its overseas cash hoard.

Skanska to shift focus towards UK business

Swedish construction and project development company Skanska announced on Wednesday that it planned to shift its focus towards its business in the UK, laying off 3,000 of its employees across the globe as part of an effort to improve profitability following a strategic review initiated in 2017.

17 Jan
panel cryptocurrency
Bitcoin's 50% plunge and Ripple effect in cryptocurrencies rout

Bitcoin, Ethereum and other cryptocurrencies have plunged to four-week lows due to a loss of confidence sparked by regulatory proposals in South Korea and the unknown result of the expiry of initial futures contracts.

17 Jan
Europe close: Stocks mostly lower despite dip in single currency

European stocks were mixed on Wednesday as inflation remained subdued and European Central Bank talk pushed the single currency lower.

17 Jan
cbfederalreserve short
US industrial production, capacity in use jump in December

Industrial production in the States surged ahead last month, boosted by sharply higher output from both mining and utilities.

17 Jan
Wall street america US USA signs
US open: Stocks in the black as technology gains offset weak banks

US stocks rose in early trade on Wednesday as strength in the technology sector and a solid reading on industrial production helped to offset a fall in banking shares after quarterly updates from Bank of America and Goldman Sachs, as investors eyed speeches by Federal Reserve officials.

17 Jan
US house USA United States of America housing
NAHB housing market index slips to 72 in January, as expected

Sentiment among US housebuilders deteriorated a little as expected in January, according to data released on Wednesday.

17 Jan
Goldman Sachs posts first quarterly loss since 2011

US-banking giant Goldman Sachs beat Wall Street estimates with the release of its fourth-quarter profits on Wednesday, but sweeping tax code changes signed into law by the President in December dragged the group to its first quarterly loss in six years.

17 Jan
Australia flag
Australia lodges WTO complaint against Canada

Australia filed a trade complaint against Canada on Tuesday, accusing the North American nation of placing "discriminatory" regulations on the sale of wine imported from abroad.

17 Jan
bank of america
Bank of America Q4 earnings beat expectations despite tax charge

Bank of America posted better-than-expected fourth-quarter earnings on Wednesday, even as it took a big hit from US tax reforms.

17 Jan
biomass green carbon drax
Drax to convert fourth biomass unit by second half of this year

Drax said on Wednesday that it plans to complete work on the conversion of a fourth unit to biomass in the second half of this year, returning it to service in late 2018.

17 Jan
money euros cash
Eurozone inflation remains subdued to keep ECB on toes

Eurozone inflation was confirmed at the subdued level of 1. 4% last month, keeping the issue at the forefront of the European Central Bank's thoughts.

17 Jan
Wall street america US USA signs
US pre-open: Stocks to rebound as investors eye more bank earnings

US stocks looked set for a firmer open on Wednesday, rebounding from losses in the previous session as investors eyed earnings from the likes of Bank of America and Goldman Sachs and a series of speeches by Federal Reserve officials.