Welcome to on the move. Lets get first of all right into the first word news with hans nichols. Hans thank you. The cost for banks the yuan surges to a fresh record amid speculation of intervention by the central bank. Jump climbed to. 6. 2 meanwhile, the peoples bank of china is said to have repeatedly intervened in the offshore yuan markets and yesterday. According to people familiar with the matter, the central bank has been cracking down on speculators, in a move aimed at maintaining a Stable Currency. It narrows the onshore and offshore yuan rate difference. Oil has extended declines for the lowest close in more than 12 months, following a 12. 3 slide on monday, before u. S. Government data, forecast to show crude expanding. Caroline thank you very much. Less than half an hour until the european open. Lets dig into where the markets are running themselves up. The script is pretty much the same. Oil trading lower, china intervening. We have a real market view on risk aversion. Dax
Each solve our debt crisis . Is it as nuts as it sounds . Bear with me here, people. Our money power panel will break it down. Are plastic bags on the way to extinction. Theyre completely banned in two cities. Chicago wants to nix them. Guess who is behind it . My favorite chicago alderman. I say stop the madness. But Alderman Joe Moreno is here to disagree with me. Even when they say it is a not it is always about money melissa first lets take a look at todays market headlines. Mediocrity apparently the reason to buy on wall street today. The november jobs report came in above expectations but the 146,000 jobs added is below average monthly growth for the past two years. That and 350,000 americans left the workforce. It all somehow added up to an 81point gain on the dow. As usual the markets are making perfect sense. Also more americans are finally waking up to the fiscal cliff. December Consumer Sentiment nosedived to a fiveyear high, because of fiscal cliff fears. A spike in taxes w
Is it as nuts as it sounds . Bear with me here, people. Our money power panel will break it down. Are plastic bags the way to extinction. Theyre completely banned in two cities. Chicago wants to nix them. Guess who is behind it . My favorite chicago alderman. I say stop the madness. But Alderman Joe Moreno is here to disagree with me. Even when they say it is a not it is always about money melissa first lets take a look at todays market headlines. Mediocrity apparently the reason to buy on wall street today. The november jobs report came in above expectations but the 146,000 jobs added is below average monthly growth for the past two years. That and 350,000 americans left the workforce. It all somehow added up to an 81point gain on the dow. As usual the markets are making perfect sense. Also more americans are finally waking up to the scal cliff. December Consumer Sentiment nosedid to a fiveyear high, because of fiscal cliff fears. A spike in taxes would leave a lot less money lying ar
Longboat Energy wins production sharing contract for Malaysian block lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
Shell has signed three Production Sharing Contracts (PSC) with PETRONAS, to explore oil and gas offshore Sabah and Sarawak. Shell continues to invest in its existing fields in Malaysia and has commenced work on Phase 3 of the Gumusut-Kakap development.