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BUSINESS NEWS APRIL 8TH, 2016


U.S. STOCKS RISE AS OIL REBOUNDS

Investors looking for a catalyst to jolt the stock market out of its recent doldrums got it Friday in the form of soaring oil prices, which boosted sentiment on Wall Street and pushed the Dow up more than 125 points.The correlation between oil prices and stock prices was evident again Friday, as a 6.3% surge in U.S. produced crude to $39.59 a barrel put stock investors back in a buying mood after a big selloff Thursday that pushed the Dow down 174 points and landed the broad market back into the red for the year.In early trading, the the Dow Jones industrial average was up nearly 130 points, or 0.7%, and the Standard & Poor's 500 index gained 0.8%. The Nasdaq composite index added 0.7%.Energy stocks led the gains as U.S. benchmark crude gained $2.33 a barrel and got within striking distance of the key $40 per barrel level.Wall Street was still facing losses for the week.

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INDIAN ECONOMY DEPENDENT ON POPULATION

By 2020, India is projected to have an average age of 29 and 900 million working age citizen. This mass of workers should be enough to lift the subcontinent out of poverty. As the second most populous country in the world, India has massive potential that could be tapped into by its growing working population. However, India’s problem lies in its education system. A report carried out by Ernst and Young showed that only 2% of Indian workers received formal training.

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JAGUAR LAND ROVER DEAL TO TAKE OVER SILVERSTONE

The British Racing Drivers Club, which owns the Northampton-shire track, has voted to continue negotiations with the car maker after a board meeting on Thursday night.In what was described by sources at the BRDC as a “close” vote, members backed further talks with JLR, which is owned by Indian conglomerate Tata.The Coventry-based car maker wants to use Silverstone as venue to showcase its rapidly expanding range of vehicles.The deal is thought to offer the prospect of a £33m injection in return for a 249-year lease on the circuit.Buying Silverstone is just the latest part of an ambitious expansion of JLR since Tata bought it from Ford for £1.5bn in 2008 as the car industry was in crisis in the wake of the global financial crash. JLR has become the UK’s biggest automotive company as a result of the remarkable turnaround.

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VISAS MAY BE REQUIRED IN EUROPE

The European Union has been considering the implementation of an application process for visas for Americans and Canadians who want to go to Europe, even for a short break. While visas are not currently required for Canadians visiting the EU, they are required for Europeans visiting Canada. Mina Andreeva, a spokesperson for the European Commission, said that the goal is to “achieve full visa waiver reciprocity for citizens of all member states”.

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#SP500 #Economy #india #Jaguar #Silverstone #Visa #EU

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