Tuesday, 28th April 2015

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News & Reports

London midday: Economists revisit rate forecasts after weak GDP data

Tue 28th Apr 15, 12:21:32

Shares continued to move lower ahead of tomorrow's policy decision from the US Federal Reserve, despite another drop in Greek sovereign bond yields after Athens bowed to pressure to re-jig the team in charge of negotiating with its international creditors.

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Europe midday: Equities drop as UK GDP growth slows more than expected

A worse-than-expected slowdown in UK economic growth in the first quarter weighed on the European markets at midday. 1 hour ago

MTI Wireless Edge acquires wireless company Mottech

Antennas developer and manufacturer MTI Wireless Edge said it will acquire Mottech, a provider of wireless control products for $4.75m in order to expand its business strategy. 54 minutes ago

Asia: Chinese stocks rise on hopes of further economic stimulus

Stocks in Asia remained mixed on Tuesday with reports that the People's Bank of China is expected to launch further monetary policy driving copper prices up. 2 hours ago

UKOG admits Horse Hill licence would expire within months

Independent oil explorer UKOG, which grabbed global headlines after initially claiming then backtracking on a potential 100bn barrel oilfield near Gatwick Airport, has admitted that one of its licences for the site is actually set to expire. 3 hours ago

Rose Petroleum tanks on Utah project update

Shares in Rose Petroleum tanked on Tuesday, after the oil explorer said it had chosen the Cisco Dome region for the first of its six new horizontal wells on the Mancos Shale in Utah. 2 hours ago

Standard Chartered first quarter misses targets as de-risking hurts business

Revenues from Standard Chartered fell more than expected in the first three months of the year as the Asia-focused bank faced challenging trading conditions and said its deleveraging measures hit performance. 2 hours ago

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