February 27, 2015 1:52 pm
International Airlines Group reported a significant increase in net profit on Friday and lifted its full-year profit guidance. Operating profit before exceptional items came in at €1.39 billion in the past year compared to a result of €770 million in the prior period, Europes third-largest airline group said in a statement. IAG, owner of British […]
Read moreFebruary 27, 2015 11:03 am
Airbus Group NV reported a significant boost to annual profit on Friday as Europe’s biggest plane maker outlined its intentions to increase production of its A320 aircraft. The company reported a 59% jump in net profit for the past year to €2.34 billion, or €2.99 a share, compared to the €1.47 billion, or €1.86 a […]
Read moreFebruary 27, 2015 9:27 am
International Business Machines Corp is looking to boost its presence in the cloud amid sluggish sales in its core businesses as the company announced elevated spending in the fast-growing segment. The company said on Thursday it would invest $4 billion of its planned spending into “strategic imperatives” of cloud, analytics, mobile, social and security technologies. […]
Read moreFebruary 27, 2015 9:17 am
Yesterday’s trade saw USD/CAD within the range of 1.2388-1.2535. The pair closed at 1.2507, gaining 0.60% on a daily basis. At 9:13 GMT today USD/CAD was down 0.30% for the day to trade at 1.2478, which is also the current daily low. Fundamentals United States Gross Domestic Product – second estimate The second estimate of […]
Read moreFebruary 27, 2015 8:48 am
Gold slid on Friday but is headed for its first weekly advance in five due to robust Chinese demand amid mixed expectations of an interest rate hike by the Federal Reserve. Comex gold for delivery in April slipped 0.42% to $1 205.0 per troy ounce by 08:22 GMT, having shifted in a daily range of […]
Read moreFebruary 27, 2015 8:37 am
Yesterday’s trade saw EUR/USD within the range of 1.1184-1.1380. The daily low has also been the lowest level since January 26th, when a low of 1.1098 was recorded. The pair closed at 1.1203, losing 1.42% on a daily basis, or the largest daily drop since January 22nd. At 8:33 GMT today EUR/USD was up 0.14% […]
Read moreFebruary 27, 2015 7:22 am
Yesterday’s trade saw EUR/GBP within the range of 0.7261-0.7326. The pair closed at 0.7268, going down 0.69% on a daily basis and extending losses from Wednesday. At 7:19 GMT today EUR/GBP was down 0.06% for the day to trade at 0.7265. The pair touched a daily low at 0.7258 at 6:45 GMT. Fundamentals Euro area […]
Read moreFebruary 26, 2015 4:05 pm
Volvo reported a healthy increase in operating profit on Thursday as sales in China and Europe more than offset lower volumes in the U.S. The Swedish vehicle manufacturer reported operating profit of 2.2 billion kronor in 2014, up 17.4% compared to last years results SEK of 1.92 billion. Over the period the company delivered 10% […]
Read moreFebruary 26, 2015 2:32 pm
Samsung Electronic Co announced on Thursday it intends to freeze the salaries of its employees based in South Korea as the smartphone maker struggles to cope with rising competition from Apple and low-cost Chinese rivals. The technology giant said the freeze, its first in six years, is a part of a cost-cutting plan aimed at […]
Read moreFebruary 26, 2015 1:04 pm
General Motors Co is set to discontinue manufacturing operations in Indonesia, retreating from one of the fastest developing markets in Southeast Asia, after more than 70 years in the country. The largest US car maker is expected to close its only plant in Indonesia at Bekasi, leaving around 500 people without jobs. The facility is […]
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