Lyubomir Dimitrov | Trading Pedia

Gold trading outlook: futures edge up ahead of Fed meeting

March 16, 2015 8:10 am

Gold rose on Monday but remained pressured by mounting speculations that the Federal Reserve would indicate a sooner increase in interest rates during its upcoming meeting. Comex gold for delivery in April was up 0.79% at $1 161.5 per troy ounce at 7:54 GMT, shifting in a daily range of $1 163.3 – $1 152.7. […] Read more

Hyundai share price steady, to improve governance after shareholder pressure

March 13, 2015 12:49 pm

Hyundai Motor Co gave into shareholder pressure and agreed to consider a proposal to establish a committee that will protect the interests of investors. At a shareholder meeting in South Korea an official from APG Asset Management, which holds a stake in Hyundai, asked the carmaker to make changes in its governance structure in order […] Read more

GlaxoSmithKline share price down, halves its stake in Aspen Pharmacare

March 13, 2015 10:33 am

GlaxoSmithKline announced on Friday that it had disposed of around half of its take in South Africas largest generic drugmaker as a part of the companys turnaround plan. GSK said it had sold about 6.2% of its stake in Aspen Pharmacare Holdings, reflecting Chief Executive Sir Andrew Wittys latest attempt to spur growth at Britains […] Read more

Intel share price down, sees lower first-quarter sales

March 13, 2015 9:07 am

Intel Corp. slashed its previous first-quarter revenue target by around $1 billion on Thursday citing lower demand for corporate personal computers. The Santa Clara, California-based chipmaker said that more businesses held back from upgrading Microsofts Windows XP operating system and thus put off purchasing new and more powerful machines. Intel said the tendency was notably […] Read more

Gold trading outlook: futures edge up on dollar break

March 13, 2015 7:59 am

Gold gained on Friday to trim losses from previous sessions as the robust dollar took a breather, but the metal is headed for a yet another weekly loss as traders continue to expect a sooner increase in U.S. interest rates. Comex gold for delivery in April was up 0.57% at $1 158.5 per troy ounce […] Read more

Dollar General share price up, reports annual sales growth ahead of rival merger

March 12, 2015 1:12 pm

Dollar General Corp reported an increase in sales on Thursday but projected modest growth in the year ahead as the market leader is set to face increased competition once its two smaller rivals merge later this year. The company reported net sales of $18.9 billion for the twelve months ended January 30, up 8% compared […] Read more

Volkswagen share price down, steps up cost cuts at core brand amid 20% profit jump

March 12, 2015 11:06 am

Volkswagen AG announced on Thursday it would seek to achieve cost cuts of more than €1 billion in the year ahead as Europes largest car manufacturer aims to revive sales at its namesake brand. Last year the company introduced an “efficiency program” for its Volkswagen passenger car brand with the aim to reduce costs by […] Read more

Lufthansa share price up, to further reduce costs despite potential pilot strikes

March 12, 2015 9:39 am

Deutsche Lufthansa AG said on Thursday it plans to maintain its cost-cutting efforts in order to better cope with increasing competition, even if the move triggers additional strikes. The German airline said pilot and security personnel strikes reduced its full-year operating profit by €232 million, including €62 million in December, to €954 million or 37% […] Read more

Gold trading outlook: futures edge up after fresh three-month low

March 12, 2015 8:32 am

Gold climbed up for the first time in nine sessions on Thursday to trade above a fresh three-month low as a robust dollar and increasing speculations about a sooner boost of U.S. interest rates dented demand for the precious metal. Comex gold for delivery in April was up 1.02% at $1 162.3 per troy ounce […] Read more

Ericsson share price up, to cut 2 200 jobs at home

March 11, 2015 1:02 pm

Ericsson AB announced on Wednesday it will reduce its Swedish workforce by 2 200 employees as the next step of the companys cost-reduction efforts. In November the worlds largest provider of mobile network equipment launched a “cost and efficiency program” as a result of falling sales and increased competition. The move puts job cuts back […] Read more