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Financial Market News

Financial Market News

Bank of England
Bank of England Bond-Purchasing Program Falters On Bond Shortfall

The underperformance may have been caused to a certain extent by weak liquidity or traders going on holiday during summer. The Bank of England (BOE) failed to purchase the number of government...

Retail Sales
UK Consumer Spending Up Despite Lower Consumer Confidence

Data from the CBI conflicted with the update as it said sales volumes decreased. Retail sales in the United Kingdom have rebounded owing to...

OPEC
OPEC To Schedule Informal Talks In September To Avoid Exporter Price Concerns

During the last month oil prices have started to drop again causing concern for exporters. Members of the Organization of Petroleum Exporting...

Bitcoin
Hacked Bitcoin Exchange, Bitfinex To Share Losses Across All Users

Bitfinex users will lose 36.067 percent of each account as losses are spread across the exchange. Following the cybertheft of nearly 120,000...

Macy's
Macy’s To Shut 100 Retail Outlets To Increase Online Investments

Department stores are facing tough competition from online sellers and Macy’s is attempting...

Polo Ralph Lauren
Ralph Lauren Reports 1st Quarter Profit Above Expectations, Shares Jump 4%

Shares in the fashion brand went up 4.7 percent during pre-market trading. Multi-billion dollar...

News Corporation
News Corp Declares 5.1 Percent Increase In Revenue Aided By News & Property Business

Digital subscribers of the WSJ increased from 893,000 up to 948,000 at the end of the 2nd quarter. New...