A strengthening Hurricane Matthew is steaming towards Florida with winds of 140mph as hundreds of thousands of people board up their homes and flee inland to escape the most powerful storm to threaten the Atlantic coast in more than a decade.
Trading in shares of more than 3,000 US companies listed by Nasdaq, including Google, Apple and Microsoft, was abruptly halted shortly after midday yesterday because of a technical problem, the latest black eye for the US securities trading business.
UNEXPECTEDLY weak US job numbers for August yesterday reinforced fears of recession, driving investors out of stocks and into the safety of bonds, gold and the Swiss franc. World stocks fell nearly 2 percent after the US Labour Department said employers added no new jobs in August and July’s figure was revised lower.
Mersey Docks and Harbour Company, Britain's number 2 port operator behind Associated British Ports has reported a small increase in underlying full year profit, in line with market expectations, and said although the economic climate remains uncertain it is well positioned to benefit from any upturn.