SINGAPORE (Reuters) – Oil steadied below $45 on Tuesday, bolstered by expectations that OPEC will agree its largest supply cut ever, after dropping 4 percent the previous day on persistent worries of a deepening economic slump.
Andy Verity and Mickey Clark present this morning’s business stories, including:
Some good news is expected on the cost of living later this morning when official figures are likely to show that headline inflation has fallen sharply again in December.
Accountants warn 90% of small and medium sized enterprises might not get their accounts signed off in January making it much easier for banks to refuse loans.
There’s been the small matter of $50 billion disappearing after a highly respected hedge fund manager admitted he was running a pyramid scheme.
Finally, businesses across all sectors are struggling and not paying their rent might be something they will try to get away with.
Pictures of Saturn’s moon Enceladus suggest its surface splits and spreads apart – just like the ocean floor on Earth.