A suicide bomber rammed his car packed with explosives into a bus carrying government employees in the Afghan capital early on Monday, killing 24 people and wounding 42 others, Kabul's chief police spokesman ...
Oil slipped to one-week lows Monday, as several OPEC and non-OPEC ministers met to discuss a pact to curb oil output but the prospect of the group delivering deeper cuts grew more distant. The price fell 2.5 percent on Friday after a consultancy forecast a rise in OPEC production for July. "Deeper production cuts have been ruled out, but on the agenda will be caps for exempted OPEC members Libya and Nigeria," PVM Oil Associates analyst Stephen Brennock said.
SkyBridge Capital Partner Troy Gayeski on his experience working with new White House Communications Director Anthony Scaramucci and the outlook for the markets.
The IMF has lowered its GDP growth forecast from 2pc to 1.7pc on "weaker-than-expected activity" The pound has shrugged off the prediction, rising against the euro and dollar in early trading FTSE 100 continues to fall with aviation giants easyJet and IAG struggling again 12:46PM IMF GDP growth forecast downgrade reaction: Brexit talks still the key to growth IMF cuts 2017 UK growth forecast to 1.7% from 2%, the biggest downward revision this year of all major economies. pic.twitter.com/48gEFXGwUo— Jamie McGeever (@ReutersJamie) July 24, 2017 Brexit talks are still the key factor that could weigh on the economy and that has been factored in by the IMF, according to Mihir Kapadia, chief executive at Sun Global Investments. He added: “With the IMF's growth forecast for the UK cut from 2% to 1.7% for the year, this means there is again a focus on the debate about the effect of Brexit on the country's business. While the IMF's downgrade has been based on ‘tepid performance', the ultimate impact of Brexit continues to remain unclear. "The key factor which threatens to derail the economy and significantly reduce market confidence is the potential for either the Brexit talks collapsing or reaching stalemate. At the moment, there appears to be negligible progress on the talks and the IMF certainly would have factored the risk of talks stalling in reducing their economic growth forecast.” Spreadex commentator Connor Campbell said on the IMF's impact on the FTSE 100 today: "The FTSE's losses really stepped up a gear this morning, the index hurt by the pound's own growth. With the IMF's downward revision to the UK's 2017 growth forecasts already weighing on the FTSE, the improvement in sterling's fortunes only served to make the index more miserable this Monday, leading to a 1%-plus ...Read the rest of this story
The International Monetary Fund revised down its 2017 growth forecast for the U.K., citing slower-than-expected expansion at the start of the year.
Ryanair (RYA.I) would consider Boeing's (BA.N) proposed new 737 MAX 10 airliner if the price was right, but the plane is not currently a priority for the airline, its chief financial officer said on Monday. Boeing in June launched what would become the largest version of its 737 MAX medium-haul family, designed to challenge the popular Airbus (AIR.PA) A321 flown by Ryanair rivals. "If someone comes to us with the right price, we'll clearly look at it but at the moment it's not high on the list," Neil Sorahan told Reuters in a telephone interview.
OPEC leader Saudi Arabia said on Monday the group would quickly address weak compliance with output cuts by some OPEC states and would monitor rising production from Nigeria and Libya, which have been exempted from the curbs. OPEC has agreed with several non-OPEC producers led by Russia to cut oil output by a combined 1.8 million bpd from January 2017 until the end of March.
