Business

Apple to create London HQ at Battersea Power station

Apple to create London HQ at Battersea Power station

The move seems likely to have been inspired, or at least hastened, by the near-certainty of the United Kingdom's secession from the European Union within the next 24 months, as Apple concentrates its European presence around Ireland - where it now has plans to expand its Cork manufacturing plant after a 25% increase in the installation's workforce over the past year.



SABMiller, AB InBev shareholders approve merger

Shareholders for SABMiller voted in favor of Anheuser-Busch InBev's takeover. AB InBev had to raise its offer several times to get SABMiller to accept it and was forced to up the price again, by a pound to £45 per share, after the UK's European Union referendum vote in June hit sterling.



Dollar/yen erases earlier losses, posts gains on the day

In the afternoon, the dollar extended its rally and nearly hit ¥101 as Japanese equities entered positive territory and finished considerably higher. US consumer stocks were bolstered after a report showed consumer confidence rose to its strongest in nine years in September.


Dollar rises on comments by Fed's Rosengren; on track for weekly loss

Dollar rises on comments by Fed's Rosengren; on track for weekly loss

The Fed's decision to keep rates low also caused bond prices to rise and the USA dollar to fall against other major currencies, which in turn helped boost commodity prices, which are denominated in dollars. The energy index surged 1.03 percent and was the top gainer among the 11 major S&P indexes. Murphy Oil rose $1.14, or 4.3 percent, to $27.55 and Transocean rose 51 cents, or 5.6 percent, to $9.65.


Donald Trump vs. Hillary Clinton: New polls showing tightening presidential race

Donald Trump vs. Hillary Clinton: New polls showing tightening presidential race

Another must win state for Trump is North Carolina, where he has less than a 60 per cent chance of winning, according to FiveThirtyEight. Democrat Hillary Clinton's edge over Republican Donald Trump has been diminishing rapidly over the weeks and is down to 1.1 points from a full 6 points in August, according to the Real Clear Politics average of major polls.



OPEC supply cut only way to push up oil prices

Oil has fluctuated since August's rally on speculation the Organization of Petroleum Exporting Countries and Russian Federation will agree on ways to stabilize the market when they meet September 28. "The most stirring headline will be an announcement of emergency OPEC meeting after the forum as this might signal that some kind of deal may be close".