Finance

Investors look to January effect at start of 2016

Wall Street is written on a building in New York’s financial district, March 4, 2013. REUTERS/BRENDAN MCDERMID As Wall Street wraps up its flattest year since 2011, investors will have to deal with many of the same issues next year as they attempt to gauge market direction. While many market participants have a host of worries heading into 2016 that ... Read More »

Labour calls for renationalisation after ‘staggering’ rail fare rises

Prices set to rise by average of 1.1%, meaning cost of some commuters’ tickets have increased by £2,000 since Tories took office A Virgin Trains season ticket between Birmingham and London Euston will cost more than £10,000 for the first time. Photograph: Matt Dunham/AP Commuters will be paying an average of 25% more for rail season tickets since David Cameron ... Read More »

India’s end-Sept external debt at $483.2 billion – govt

A money lender counts Indian rupee notes at his shop in Ahmedabad, India, May 6, 2015. REUTERS/AMIT DAVE/FILES India’s external debt was at $483.2 billion at end-September, down $291 million from end-June, the finance ministry said in a release on Thursday. Long-term debt accounted for 82.2 percent of the total external debt. India’s forex reserves were sufficient to cover 72.5 ... Read More »

Sports Direct pledges £10m towards staff pay rise

Unite dismisses sportswear retailer’s response to Guardian revelations as a PR stunt and ‘pitiful’ Shoppers wait outside a branch of Sports Direct in Brighton. Photograph: Luke Macgregor/Reuters Sports Direct has bowed to criticism of its working conditions by pledging £10m towards a staff pay rise, but Britain’s largest trade union dismissed the response to Guardian revelations over controversial employment practices ... Read More »

Thyrocare files draft IPO papers

A man looks at a screen across the road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai February 6, 2014. REUTERS/MANSI THAPLIYAL/FILES Diagnostic company Thyrocare Technologies Ltd said on Thursday it had filed draft red herring prospectus with the country’s market regulator for an initial public offering (IPO) of 10.7 million shares. Thyrocare ... Read More »

Stock markets: the Guardian’s tips for 2016

2015 has been difficult for investors with the FTSE 100 down 4.9% on the year. Here our team pick out potential earners in 2016 International Airlines Group, which owns British Airways, was the big winner of our tips for 2015, with shares soaring 24% over the year. Photograph: PA A year that saw leading shares hit new peaks, only to ... Read More »

The UK economy in 2016: a flying start but watch the brakes

Cheap credit and petrol have got Britain motoring but the Bank of England must hit the controls at the right time Cheap fuel is cutting business and travel costs. Photograph: Alamy The UK ends 2015 as one of the fastest growing of the major developed economies. Unemployment is falling, the housing market is hot and consumers are happy to spend ... Read More »

India’s energy muscle helps Petronet get better Qatar gas deal

India’s biggest gas importer Petronet LNG (PLNG.NS) will buy liquefied natural gas (LNG) from Qatar’s Rasgas at almost half the original price, in a renegotiated deal that will save it about $605 million a year. The deal marks Prime Minister Narendra Modi’s biggest diplomatic win in the energy sector since coming to power last year. He has been trying to ... Read More »

FTSE 100 ends 2015 among world’s worst performing markets

London investors miss out on returns enjoyed by rival stock markets in Frankfurt, Paris, Tokyo and Shanghai The FTSE 100 closed 5% down on the year, having hit a record high of 7,103.98 in April Photograph: Yui Mok/PA City investors are nursing losses after the FTSE 100 ended the year as one of the worst performers among global stock markets. ... Read More »

Facebook fights for free Internet in India, global test-case

Motorists ride past a billboard displaying Facebook’s Free Basics initiative in Mumbai, India, December 30, 2015. REUTERS/DANISH SIDDIQUI India has become a battleground over the right to unrestricted Internet access, with local tech start-ups joining the front line against Facebook Inc founder Mark Zuckerberg and his plan to roll out free Internet to the country’s masses. The Indian government has ... Read More »