March 6, 2015 8:56 am
Yesterday’s trade saw EUR/USD within the range of 1.0986-1.1116. The daily low has also been the lowest level since September 5th 2003, when a low of 1.0914 was recorded. The pair closed at 1.1031, down 0.43% on a daily basis and marking a third consecutive daily loss. At 8:53 GMT today EUR/USD was down 0.13% […]
Read moreMarch 6, 2015 8:14 am
Gold edged up on Friday to end four sessions of declines but headed for a yet another weekly loss as robust U.S. economic data boosted the dollar and speculations about a sooner interest rate hike. Comex gold for delivery in April was up 0.09% at $1 197.3 per troy ounce at 7:45 GMT, shifting in […]
Read moreMarch 6, 2015 7:51 am
Yesterday’s trade saw EUR/GBP within the range of 0.7218-0.7288. The daily low has also been the lowest since mid-December 2007. The pair closed at 0.7238, down 0.28% on a daily basis and marking a third consecutive daily loss. At 7:27 GMT today EUR/GBP was down 0.06% for the day to trade at 0.7232. The pair […]
Read moreMarch 5, 2015 3:53 pm
Betfair Group Plc lifted its full-year profit guidance on Thursday as the online gambling company reported another strong quarter driven by increased demand. The company reported a 20% growth in revenue to £114.6 million in the three months ended January 31, marking the fourth straight quarter of double-digit increases. The strong performance came even as […]
Read moreMarch 5, 2015 2:24 pm
Costco Wholesale Corp reported better-than-anticipated quarterly performance on Thursday as a tax benefit more than offset the negative impact of a ongoing tax matter. The second-largest retailer in the U.S., lagging behind Wal-Mart Stores, reported a net income of $598 million, or $1.35 a share, for the three months ended February 15, compared to $463 […]
Read moreMarch 5, 2015 1:04 pm
Aviva Plc reported higher full-year operating profit and boosted its dividend as the insurer saw better performance of its struggling businesses, but Chief Executive Mark Wilson warned that there is still long way to go. Operating profit for the twelve months ended December came in at £2.17 billion, up 6% compared to the previous year […]
Read moreMarch 5, 2015 10:48 am
Adidas AG reported on Thursday a net loss in the latest quarter but the German sportswear group projected strong net income growth in the year ahead. The worlds second-largest maker of sportswear, lagging behind Nike, stated a net loss of €140 million for the three months ended December, compared to a loss of €10 million […]
Read moreMarch 5, 2015 10:04 am
Yesterday’s trade saw USD/CAD within the range of 1.2404-1.2541. The pair closed at 1.2428, down 0.54% on a daily basis and extending losses from Tuesday. At 10:01 GMT today USD/CAD was down 0.14% for the day to trade at 1.2412. The pair touched a daily low at 1.2407 at 9:58 GMT. Fundamentals United States Initial […]
Read moreMarch 5, 2015 9:18 am
AbbVie Inc. announced it will purchase Pharmacyclics and its blockbuster cancer drug Imbruvica for about $21 million as the Chicago-based company looks to strengthened its presence in oncology. In a statement issued late Wednesday, AbbVie said it had agreed to pay $261.25 for each share of Pharmacyclics, following the approval of both boards of directors. […]
Read moreMarch 5, 2015 8:53 am
Gold slipped for a fourth session on Thursday as the precious metal failed to shake off pressure by strong US economic data. Comex gold for delivery in April was down 0.02% at $1 200.7 per troy ounce at 8:34 GMT, shifting in a daily range of $1 205.5-$1 198.8. The precious metal fell 0.29% on […]
Read more
