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  • "The key driver for oil prices in the last few days has been currency fluctuations... we had seen some weakness in the U.S. dollar which helped support prices overnight," Ric Spooner, chief analyst at CMC Markets in Sydney said. Brent crude hit a low of $48.79 a barrel and was down 45 cents at $49.15 by 0717 GMT. U.S. crude was at $45.68 a barrel, down 55 cents, after earlier...

  • JPMorgan profited from soaring Swiss franc - Bloomberg Tuesday, 27 Jan 2015 | 3:47 PM ET

    Jan 27- JPMorgan Chase& Co's currency traders made a profit of as much as $300 million when the Swiss central bank shocked markets by scrapping its cap on the franc this month, Bloomberg reported, citing two people with knowledge of the matter. JPMorgan netted $250 million to $300 million on the day the Swiss National Bank removed the franc's ceiling of 1.20...

  • NEW YORK, Jan 27- Economies and investors, having suffered the pain of the tumble in energy prices, may soon start to see more of the benefits. Russia, highly dependent on oil earnings and suffering from the effects of sanctions over its conduct in Ukraine, has seen its currency and stock market tumble. "The effects of the oil price decline are being priced in now, for...

  • Here are the best hedge funds for 2015: Experts Tuesday, 27 Jan 2015 | 12:53 PM ET
    Dan Loeb, founder and chief executive officer of Third Point LLC.

    Hedge fund investors like Goldman Sachs, SkyBridge and GAM predict the best hedge fund strategies for the new year.

  • LONDON, Jan 27- Around two million Britons who may have been mis-sold insurance to cover events such as credit card fraud will be asked to vote for a scheme that could cost top banks hundreds of millions of pounds in compensation. The Financial Conduct Authority said on Tuesday 11 lenders and card issuers had voluntarily agreed to compensate customers after "...

  • Orders for US durable goods stumbled in December Tuesday, 27 Jan 2015 | 8:52 AM ET

    WASHINGTON— Orders for long-lasting manufactured goods dropped sharply in December, as U.S. businesses trimmed spending amid escalating worries about the global economy. Orders for durable goods fell 3.4 percent in December, the Commerce Department reported Tuesday. The data suggest that U.S. companies may be growing wary of a number of potential risks:...

  • LONDON, Jan 27- Around two million Britons who may have been mis-sold insurance to cover events such as credit card fraud will be asked to vote for a scheme that could cost top high street banks hundreds of millions of pounds in compensation. The Financial Conduct Authority said on Tuesday 11 lenders and card issuers had voluntarily agreed to compensate...

  • *Nordea, Deutsche Bank lead with results this week. LONDON, Jan 26- The euro zone's attempt to kick-start its stagnant economy should provide a bright spot for European bank bosses in a results' season that will be grim for investment bank revenues, sluggish for returns and where cost-cutting is key. Deutsche Bank's co-CEO Anshu Jain said QE could cause "real...

  • Jan 23- Kimberly-Clark Corp is set to increase advertising and promotional spending for its diapers and launch new products in an escalating war with bigger rival Procter and Gamble Co in North America. Industry analysts say moms are either going upscale and choosing Pampers or going down-market with Luvs, both P&G brands, leaving Kimberly-Clark's mid-tier...

  • Jan 26- Cereal maker Post Holdings Inc said it would acquire privately held rival MOM Brands Co for about $1.15 billion to expand in the growing bagged and hot cereal categories, sending its shares up as much as 9 percent. U.S. sales of bagged cereals grew 5.6 percent annually in the past four years, even though overall sales of cereals fell, Post said, quoting data...

  • The keenest online bankers may surprise you Monday, 26 Jan 2015 | 7:18 AM ET

    Older people might be more technology savvy than you thought—at least when it comes to banking.

  • Jan 26- Cereal maker Post Holdings Inc said it would acquire privately held rival MOM Brands Co for about $1.15 billion in cash and stock to expand in the bagged and hot cereal categories. Post has been aggressively pursuing deals since it was spun off from Ralcorp Holdings in 2012. The cereal maker said in April that it would buy egg and dairy producer and...

  • Jan 23- Kimberly-Clark Corp is set to increase advertising and promotional spending for its diapers and launch new products in an escalating war with bigger rival Procter and Gamble Co in North America. Industry analysts say moms are either going upscale and choosing Pampers or going down-market with Luvs, both P&G brands, leaving Kimberly-Clark's mid-tier...

  • Euro hits fresh 11-year lows following ECB move Friday, 23 Jan 2015 | 1:51 PM ET
    A cashier counts euro banknotes in Vilnius, Lithuania, on Jan. 1, 2015.

    The euro fell to fresh 11-year lows against the dollar after the ECB said on Thursday it would pump a trillion euros into the euro zone economy.

  • UK has a 'skills shortage'  Friday, 23 Jan 2015 | 11:30 AM ET

    At Davos, Sir Mike Rake, President of Confederation of British Industry (CBI) and chairman of BT Group says there's a skills shortage in the U.K..

  • LONDON, Jan 23- Britain's banks must do more to protect themselves and the wider financial system from growing and evolving cyber crime, the Bank of England said on Friday. Worried by the increasing rate of attacks on banks by Internet hacks, the BoE surveyed 36 financial firms and banks in Britain and found no immediate critical shortcomings in their defences.

  • ZURICH, Jan 23- UBS did not suffer any losses overall in its trading business after the Swiss National Bank's decision to abandon its currency cap, the bank said on Friday, confirming it would return cash to shareholders after a restructuring. Zurich- based UBS is the third of Switzerland's three biggest listed banks to say it did not suffer losses after the SNB...

  • *China manufacturing PMI next in focus. SYDNEY, Jan 23- The euro wallowed at 11- year lows early on Friday after suffering a massive decline as the European Central Bank launched a stimulus program that would pump hundreds of billions in new money into a sagging euro zone economy. The common currency tumbled to $1.1316 as the market took in news that the ECB would...

  • Barclays CEO: We are co-operating with US  Thursday, 22 Jan 2015 | 7:41 AM ET

    Antony Jenkins says his bank is cooperating with an investigation into so-called "dark pools."

  • Tech will 'transform' banking: Barclays boss  Thursday, 22 Jan 2015 | 3:00 AM ET

    Speaking at the World Economic Forum in Davos, Antony Jenkins, CEO of Barclays, says that banking technology is making the lives of customers easier.