February 23, 2015 1:10 pm
HSBC Holdings Plc announced on Monday a significant fall in annual profit as Europes largest bank once again apologized for the scandal related to its Swiss private bank. The British bank reported pre-tax profit of $18.68 billion for the past year compared to a result of $22.57 billion in 2013, as the company was hit […]
Read moreFebruary 23, 2015 10:53 am
Valeant Pharmaceuticals International announced on Sunday it had agreed to purchase Salix Pharmaceuticals in an all-cash deal valuing the gastrointestinal drug maker at $10.1 billion. The Canadian company said it would buy each share of Salix for $158, slightly above the Raleigh, North Carolina-based companys closing price on Friday of $157.85. However, the stock gained […]
Read moreFebruary 23, 2015 9:28 am
Natural gas edged up on Monday to extend gains to a fourth session as forecasting agencies projected stronger cold blasts arriving this week and lower temperatures over the majority of the central and eastern US regions. Natural gas for delivery in April traded 2.15% higher at $3.036 per million British thermal units at 9:01 GMT, […]
Read moreFebruary 23, 2015 8:25 am
Gold slipped on Monday to trade near its lowest in seven weeks as Eurogroup officials reached an agreement on Greeces debt, curbing safe-haven demand for the yellow metal. Comex gold for delivery in April lost 0.20% to $1 202.5 per troy ounce by 07:50 GMT, having shifted in a daily range of $1 204.7-$1 200.6 […]
Read moreFebruary 23, 2015 8:25 am
Friday’s trade saw USD/CAD within the range of 1.2418-1.2566. The daily high has also been the highest level since February 12th, when a high of 1.2648 was recorded. The pair closed at 1.2528, up 0.26% on a daily basis and marking a third consecutive daily gain. At 8:20 GMT today USD/CAD was up 0.26% for […]
Read moreFebruary 23, 2015 7:53 am
Friday’s trade saw EUR/CHF within the range of 1.0661-1.0815. The daily high has also been the highest level since January 15th, when a high of 1.2019 was recorded. The pair closed at 1.0705, losing 0.82% on a daily basis, following three consecutive daily gains. At 7:46 GMT today EUR/CHF was up 0.64% for the day […]
Read moreFebruary 23, 2015 7:24 am
Friday’s trade saw EUR/GBP within the range of 0.7337-0.7432. The pair closed at 0.7391, gaining 0.20% on a daily basis. At 7:21 GMT today EUR/GBP was down 0.18% for the day to trade at 0.7385. The pair touched a daily low at 0.7384 at 7:20 GMT. Fundamentals Euro area German IFO Business Climate Indicator Business […]
Read moreFebruary 22, 2015 9:57 am
Friday’s trade saw GBP/JPY within the range of 181.60-183.72. The pair closed at 183.31, down 0.01% on a daily basis, extending losses from Thursday. The cross rose 0.24% for the whole week, which marked a fourth consecutive weekly gain. Fundamentals Japan BoJ Minutes At 23:50 GMT on Sunday the Bank of Japan will release the […]
Read moreFebruary 21, 2015 11:26 am
Friday’s trade saw EUR/JPY within the range of 133.51-135.92. The daily low has also been the lowest level since February 5th, when a low of 132.49 was recorded. The pair closed at 135.46, gaining 0.19% on a daily basis. The cross rose 0.18% for the whole week, which marked a fourth consecutive weekly gain. On […]
Read moreFebruary 20, 2015 4:45 pm
Takata Corp will be fined everyday until the Japanese manufacturer of faulty air bags, which triggered a wave recalls around the globe, co-operates fully with US regulators. “Safety is a shared responsibility and Takatas failure to fully cooperate with our investigation is unacceptable and will not be tolerated,” said Transportation Secretary Anthony Foxx in a […]
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