Market Report
MySQUAR integrates with Telenor Myanmar for carrier billing
Myanmar-language social media, entertainment and payments platform MySQUAR announced on Tuesday that it successfully integrated and utilised the carrier billing service of Telenor Myanmar - a leading Norwegian telecommunications provider operating in Burma since 2014, for MySQUAR's mobile applications and games.
US close: Stocks end sharply lower as financials drop
US stocks closed sharply lower on Tuesday, with financials under the cosh amid concerns that President Donald Trump will fail to deliver the promised tax cuts that have been propping up markets recently.
Europe close: French stocks relative outperformers in down day for miners
French stocks outperformed their European peers on a down day following a convincing performance by independent centrist Emmanuel Macron in the first televised debate for the French presidential election.
FX round-up: Sterling opens throttle to drive higher as UK inflation accelerates, dollar steers lower
Sterling opened the throttle Tuesday to drive higher against a raft of currencies and recoup some of its Brexit-induced weakness, this surge lamentably on the back of a shock acceleration in UK inflation that will hit consumers in the wallet.
London close: Surge in UK inflation sees sterling, FTSE lower with miners suffering
Stocks in London closed Tuesday convincingly lower as UK consumer inflation punched above 2% and market forecasts to send sterling lower amid dollar weakness, which served to undermine the Footsie and miners in particular.
Directors dealings: Abcam's top ranks buy-in after Trump sinks shares
Abcam's top ranks bought into the company in the days following a report of deep cuts to come at one of the world´s top medical research centres, which sent the shares reeling lower.
Record number of fund managers says US equities overalued, BofA-Merrill finds
A record number of fund managers now believed US equities were overvalued, despite lofty expectations for faster economic growth worldwide, the results of a widely-followed survey found.
New Zealand's 'pure' image a pipe dream, suggests OECD report
New Zealand’s global image as a ‘green’ economy was under serious threat from the Organisation for Economic Co-operation and Development on Tuesday, with the intergovernmental body saying the country’s growth model - based largely on exploiting natural resources - was starting to show its environmental limits.
Sector movers: Miners hit as US dollar drops back to end-January lows
Steel-makers and miners bore the brunt of selling as the US dollar continued to weaken and Freeport resumed copper concentrate production at its Indonesia Grasberg mine.
Koovs to cash in on Duchess-love with new collection
Brazilian-born designer Daniella Helayel was set to collaborate with India-focussed online retailer Koovs for The Princess Collection, the firm announced on Tuesday.
Commodities: Crude falls ahead of API stockpiles data; more downside forecast
Crude-oil futures are down heavily Tuesday as markets look to an expected rise in American Petroleum Institute's weekly stockpile figures out later tonight, with traders taking a view that the black liquid's price may yet fall further.
OptiBiotix to float SkinBioTherapeutics subsidiary
Life sciences business developing compounds to tackle obesity, high cholesterol, diabetes and skin care, OptiBiotix Health, announced on Tuesday that its majority owned subsidiary SkinBioTherapeutics intended to seek admission to AIM with an associated institutional and private client investment manager fundraising.
Small cap news round-up
Smart Metering Systems has lifted its full-year pre-tax profit and dividend after what it styled as a transformative year for the company.
Starwood receives full repayment on two portfolio loans
Starwood European Real Estate Finance announced on Tuesday that it received full repayment of the Dutch industrial portfolio and Danish industrial portfolio loans as a result of the sale of both portfolios, representing a total of approximately £51. 5m equivalent proceeds.
US open: Stocks dragged lower by banking sector, investors eye Fed speeches
US equity markets were in the red on Tuesday led by lower banking stocks, while investors also looked to speeches by Federal Reserve officials.
Manufacturers' order books bulge in March as pound weakens, CBI says
Manufacturers' export order books were at their strongest in three years in March amid expectations for growth riding at two-year highs and still elevated cost pressures, one of the country's leading business lobbies said.
Saudi Arabia holds key to extension of oil output cut deal, Russia says
Russia's envoy to the Organisation for Petroleum Exporting Countries said a deal to curb oil output might be extended past June.
London midday: Stocks nudge lower as pound spikes on inflation data
Stocks in London nudged a touch lower, while the pound popped higher as data revealed that UK inflation overshot the Bank of England's 2% target in February for the first time in more than three years.
StratMin acquisition of Signature Gold a step closer
StratMin Global Resources’ acquisition of Signature Gold was one step closer on Tuesday, with shareholders in Signature being notified of the proposal.
Wednesday preview: Kingfisher, Savills numbers in focus
Wednesday's macroeconomic calendar was looking a little bare, particularly after all the excitement of UK inflation data, but on the corporate front, investors will eye the release of preliminary full-year results from estate agent Savills and full-year numbers from Kingfisher.