March 26, 2015 1:13 pm
Germanys Adidas AG pledged to significantly boost its profits in the years to 2020 under Chief Executive Herbert Hainers new turnaround strategy. On Thursday, the worlds second-largest sportswear maker, lagging behind Nike, targeted a 15% growth in net income in each of the next five years as the company breathes life into its products. Adidas […]
Read moreMarch 26, 2015 11:02 am
Britains low-cost carrier EasyJet Plc announced on Thursday that thanks to less fuel expenses the company now expects higher first-half results. Europes second-largest budged airline said that it now expects to generate a pre-tax result of between a loss of £5 million and a profit of £10 million for the six months ending March 31, […]
Read moreMarch 26, 2015 9:40 am
Facebook Inc announced on Wednesday a platform which would allow developers to create applications that integrate with its Messenger service. The worlds largest social network made the announcement during its annual developer F8 conference in San Francisco. The move outlines Facebooks efforts to further boost interest towards its messaging application, which already has around 600 […]
Read moreMarch 26, 2015 9:14 am
Yesterday’s trade saw USD/CAD within the range of 1.2471-1.2541. The pair closed at 1.2516, up 0.18% on a daily basis and marking a first gain in the past three trading days. At 9:10 GMT today USD/CAD was down 0.69% for the day to trade at 1.2431. The pair touched a daily low at 1.2413 at […]
Read moreMarch 26, 2015 8:33 am
Yesterdays trade saw EUR/USD within the range of 1.0899-1.1017. The pair closed at 1.0972, up 0.42% on a daily basis, or marking a second gain in the past three trading days. At 8:31 GMT today EUR/USD was up 0.65% for the day to trade at 1.1041. The pair breached the first key daily resistance and […]
Read moreMarch 26, 2015 7:49 am
Yesterdays trade saw EUR/GBP within the range of 0.7340-0.7388. The daily high has also been the highest level since February 23rd, when a high of 0.7409 was recorded. The pair closed at 0.7373, rising 0.22% on a daily basis and marking a fourth straight daily gain. At 7:44 GMT today EUR/GBP was up 0.02% for […]
Read moreMarch 25, 2015 1:13 pm
Kraft Foods Group Inc announced on Wednesday that it had agreed to a merger with H.J. Heinz, which is evenly owned by 3G Capital and Berkshire Hathaway. The combined entity would be the third-largest food and beverage company in North America and the fifth-biggest in the world with around $28 billion in revenue, Kraft said […]
Read moreMarch 25, 2015 10:57 am
Austrias Raiffeisen Bank projected on Wednesday another full-year loss as the company intends to book the majority of its planned restructuring costs in the year ahead. Europes second-largest bank confirmed a loss of €493 million for the past year as previously stated in its preliminary report issued on February 9. The figure compares with a […]
Read moreMarch 25, 2015 9:37 am
HSBC Holdings Plc announced on Tuesday that will move around 1 000 jobs from London to Birmingham as the largest bank in Europe relocates its personal and business arm. The move is expected to be completed before 2019, when new laws are projected to kick in. Banks would have to separate their retail operations from […]
Read moreMarch 25, 2015 9:15 am
Yesterday’s trade saw USD/CAD within the range of 1.2426-1.2549. The daily low has also been the lowest level since March 5th, when a low of 1.2405 was recorded. The pair closed at 1.2494, down 0.24% on a daily basis and marking a third consecutive daily loss. At 9:12 GMT today USD/CAD was down 0.02% for […]
Read more
