International News
UK economy to grow faster than expected, NIESR predicts
Britain's economy will expand faster than forecast in 2017 and 2018 due to unexpectedly strong global growth, a closely followed thinktank has predicted.
BIS head says crypto-currency craze is a hybrid of a 'bubble' and a 'Ponzi scheme'
Agustin Carstens, the Bank for International Settlements' new boss, referred to the crypto-currency craze as a mixture of "a bubble, a Ponzi scheme and an environmental disaster," as he warned students at a German university that the likes of Bitcoin and Ripple threatened to undermine public trust in central banks.
US open: Stocks trading on either side of unchanged
Stocks on Wall Street are mixed, having recovered from another round of heavy losses at the opening bell, following a massive sell-off during the previous session, amid a spike in volatility and concern in some corners of the market regarding the likely pace of interest rate hikes by the Fed.
General Motors beats the Street with fourth-quarter report card
Automotive giant General Motors beat Wall Street expectations on Tuesday, as cost-cutting and higher vehicle prices helped to offset a double-digit decline in sales volume during its fourth and final trading quarter.
Europe close: Markets settle well into the red
European bourses settled well into the red on Tuesday, though rattled traders were given a late reprieve as US markets opened flat.
US job openings decline in December
A widely-followed indicator of US labour market strength weakened in December, although economists were sanguine, cautioning clients not to read too much into one month's worth of data.
Elon Musk to send his Tesla Roadster into space on Tuesday
Tesla owner Elon Musk is sending the world’s most powerful rocket, the Falcon Heavy, into space on Tuesday to test its lift capacity which is designed to be double that of any current launcher.
US trade deficit jumps in December
America's shortfall in trade with the rest of the world widened at the end of 2017 as imports continued to run ahead of exports, boosted by strong domestic demand.
Asia report: Markets follow Wall Street sharply lower
Markets in Asia followed Wall Street’s lead to finish sharply lower on Tuesday, after huge losses were posted by US markets overnight.
US pre-open: Stocks set for more losses after Monday's huge selloff
Stocks on Wall Street looked set for more losses on Tuesday following a massive selloff in the previous session amid concerns that rising inflation will push the Federal Reserve to hike rates faster than expected.
Impact from short equity volatility set to fade, BofA says
A bubble might have popped on Monday, a bubble in equity volatility that is, according to analysts at Bank of America-Merrill Lynch.
Unicef asks gamers to mine Ethereum in fundraising plan for Syrian children
UNICEF (United Nations International Children’s Emergency Fund) has created a new charity project to aid Syrian children, asking PC gamers to mine Ethereum for the organization and donate the earnings.
German factory orders surge in December
Factory orders in Germany soared past forecasts at the end of 2017, amid a surge in demand for capital goods from euro area clients.