MARKETS

The announcement came as the Anglo-Dutch firm said fourth-quarter earnings rose to $4.2bn versus $2.2bn a year ago.

Deutsche Bank reports pre-tax profit of €253m for fourth-quarter of 2014.

Reserve Bank of New Zealand says while 3% growth is supported by rising construction activity, there are downside risks.

Budget carrier Skymark Airlines' board has scheduled an emergency meeting tonight to decide on the filing.

The Nibras petrochemicals complex is expected to be operational in five to six years.

Fed officials have indicated they will proceed with an initial interest rate hike in the middle or latter half of 2015.

New energy-focused credit fund will seek to buy the traded debt of energy firms rather than lend to them directly.

December saw a trade surplus of 0.4bn krona, compared with a deficit of 0.2bn krona a year earlier.

When economies are in a hole, they should not be forced to dig deeper.

One take-away from Davos is that concentration and consolidation mean the world appears to be getting smaller.

Crude oil continues to slide as strong dollar makes commodity more expensive in other currencies.

GDP numbers show that UK will take longer to start hiking rates.

On 15 January, SNB revealed it would no longer cap the Swiss franc's value against the euro.

Britain's economy recorded its fastest annual growth since 2007.

Russia credit rating falls below investment grade for first time in a decade.

Pound is only 1% off the 18-month low hit last week.

It added that the 'sales market remains challenging' and looks to the lettings market for growth.

Aer Lingus rejected two bids from IAG last year.

Research from the LSE and Manchester and York universities warn poverty will worsen over the next 5 years

MetaQuotes Software Corp. announces that it is now possible to trade on Pakistan Mercantile Exchange (PMEX) via the MetaTrader 5 platform.

Flybe has said that it would only break even this financial year

Postal Savings Bank of China plans to raise over $4bn through planned Hong Kong and Shanghai floatations.

Dollar denominated oil has fallen more than 58% since summer of 2014.

Sebastian Woolf speaks to IBTimes TV about fine wine investment and his top tips

The board is considering a revised €2.55 a share offer from IAG.

SSE is the fifth of the Big Six energy firms to have reduced gas prices.

However, a Reuters poll of economists will show that the recovery slowed towards the end of 2014.

A Monetary Policy Committee member said markets should be wary of a sooner than the predicted mid-2016 date.

Euro drops to a near 11-year low against the US dollar on 26 January.