Oil prices surge after Iran downs US drone over vital strait June 20, 2019 Oil prices hit a three-week high today after Tehran said it downed a US drone, stoking fears of war in the region. Iran claimed it downed the drone over its southern territory. However, a US official told Reuters it had lost its drone in international airspace over the Strait of Hormuz. Read more: Iran downs [...]
DEBATE: Is Facebook’s launch of libra proof that cryptocurrency is going mainstream? June 20, 2019 Is Facebook’s launch of libra proof that cryptocurrency is going mainstream? Eleesa Dadiani, a cryptocurrency economist and broker and founder of Dadiani Fine Art, says YES. For any new financial system, mainstream adoption is contingent on ease of access – and libra is specifically designed with that in mind. There are many reasons why crypto [...]
The instinctive biases investors must beware – Part 2: Cognitive errors June 20, 2019 | City Talk Behavioural science – and its financial offshoot, behavioural economics – have over the years proved fertile ground for articles. As such, we thought it would be useful to corral the key behavioural biases investors need to be alert against into one handy checklist – albeit one handy checklist divided neatly into two halves. That is [...]
Acacia takes aim at biggest shareholder Barrick June 19, 2019 Acacia Mining hit out at its main shareholder Barrick Gold this morning, as a takeover offer from Barrick looms. The London and Tanzania-based miner said it “strongly disagrees” with a “number” of statements made by Barrick last night. Read more: Acacia shareholder Odey will vote against Barrick bid if it stays unchanged The firm was [...]
If you’re panicking about a spike in oil prices, look to history for a silver lining June 19, 2019 The tanker attacks in the Gulf of Oman have raised fears of a sharp increase in the price of oil. These are currently being offset by worries about a slowdown in the world economy and a drop in the demand for oil. But what if the conflict escalated and oil prices really did go through [...]
Oil prices rise as Trump says he is set to meet with the Chinese President Xi June 18, 2019 Oil prices rose by nearly two per cent this afternoon as markets were buoyed by hopes of an ease in US-China tensions. Markets turned upwards after US President Donald Trump said he was expecting to hold an “extended” meeting with his Chinese counterpart Xi Jingping later this month at a meeting of the Group of [...]
Financial Conduct Authority launches probe into Woodford fund suspension June 18, 2019 The Financial Conduct Authority (FCA) said today it has launched an investigation into the suspension of fund manager Neil Woodford’s flagship Equity Income fund. FCA chief executive Andrew Bailey confirmed the probe in a letter to Treasury Committee head Nicky Morgan MP. “We have opened an investigation but cannot comment any further,” Bailey said. The [...]
Fidelity bars clients from putting money into Woodford fund June 18, 2019 On of the UK’s largest investment platforms Fidelity Personal Investing has blocked its customers from putting money into the Woodford Income Focus fund. Fidelity is allowing customers to withdraw money from the £325m fund, but will not let investors buy new units, The Telegraph reported. It is a further blow to struggling fund manager Neil [...]
US shale production set to reach new highs in July June 18, 2019 US shale oil production is expected to hit record levels in July, authorities have said, as domestic production continues to weigh on international prices. The output from the country’s seven major shale formations is expected to rise by 70,000 barrels per day. Read more: Oil prices fall for second day as US-China trade war bites [...]
Oil prices fall for second day as US-China trade war bites June 18, 2019 Oil prices have fallen for a second consecutive day as global growth shows signs of being hit by the ongoing US-China trade war. Brent crude prices have fallen 0.74 per cent to $60.49 per barrel, while US West Texas Intermediate (WTI) crude dropped 0.5 per cent to $51.66. Read more: Middle East tensions push up [...]
