Hyun soo Hwang

Oil Reaches 2016 Highs

The price of Oil jumped to a year high on Monday after Saudi Arabia expressed optimism that OPEC will work out a global production deal with other producers by November and Russia added to the market’s strength after commenting that it was ready to join the deal to cut crude output with either a freeze or a cut.

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Tom Linney

Microsoft Go All LinkedIn

Microsoft is attempting subject to regulatory approval to buy the professional networking site Linkedin for $26.1 billion. This is one of the largest tech deals of the year so far and also Microsoft’s largest ever purchase, which signals the ambitions of Microsoft to make up for lost ground in the social media sector.

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Ashley Chadwick

Friday Flash Crash

In the early hours of Friday morning, Sterling fell over 6% against the dollar in just two minutes. Sources differ, but Cable traded at $1.20 forming massive new 31 year lows.

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Ben McDonald

Falling Cable and Brexit Beckoning

The British pound has slumped today over comments from UK Prime Minister Theresa May that the country is set for a “Hard Brexit”. The official negotiation period will be issued to the EU in March 2017.

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Lily Mats

Deutsche in Distress

Deutsche, one of the top 10 biggest global banks was described as the world’s most dangerous bank by the International Monetary Fund. The Bank is facing a giant penalty of $14bn from the US Department of Justice for alleged mis-selling of mortgage bonds before the financial crisis of 2008.

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Reuters: Business News