February 18, 2015 1:10 pm
HSBC Holdings Plcs private bank offices were searched by authorities on Wednesday as a part of an investigation over allegations of money laundering. Genevas public prosecutor said in a statement that it have launched an investigation in relation to the recent “public disclosures”. The raid began early on Wednesday and it was led by Attorney […]
Read moreFebruary 18, 2015 11:09 am
Alibaba Group Holding Ltd is again challenging rival Tencent, this time for control over the “red packets” that Chinese people usually exchange on special occasions, including the Lunar New Year. Last year Tencent introduced an application that enables its users to send virtual red envelopes to loved ones as the company attempted to upgrade the […]
Read moreFebruary 18, 2015 9:33 am
Sony Corp unveiled on Wednesday a mid-term strategy aimed at boosting earnings over the next three years as the company focuses on entertainment, games and image sensors. The Tokyo-based company projected to reach an operating profit of ¥500 billion in the fiscal year ending March 31, 2018. The figure compares with an estimate for this […]
Read moreFebruary 18, 2015 8:35 am
Gold edged up on Wednesday to trade above the lowest in six weeks as equities gained some ground on increasing speculation that Greece will request an extension on its bailout deal. Comex gold for delivery in April gained 0.06% to $1 209.3 per troy ounce by 07:51 GMT, having shifted in a daily range of […]
Read moreFebruary 18, 2015 8:23 am
Yesterday’s trade saw USD/CAD within the range of 1.2359-1.2479. The daily low has also been the lowest level since February 3rd, when a low of 1.2351 was recorded. The pair closed at 1.2389, losing 0.62% on a daily basis. At 8:20 GMT today USD/CAD was up 0.14% for the day to trade at 1.2407. The […]
Read moreFebruary 18, 2015 7:59 am
Yesterday’s trade saw EUR/USD within the range of 1.1320-1.1450. The daily high has also been the highest level since February 6th, when a high of 1.1488 was recorded. The pair closed at 1.1412, gaining 0.52% on a daily basis. At 7:55 GMT today EUR/USD was down 0.19% for the day to trade at 1.1389. The […]
Read moreFebruary 18, 2015 7:37 am
Yesterday’s trade saw GBP/USD within the range of 1.5314-1.5403. The pair closed at 1.5354, down 0.05% on a daily basis and extending losses from Monday. At 7:36 GMT today GBP/USD was down 0.05% for the day to trade at 1.5344, which is also the current daily low. Fundamentals United Kingdom Bank of England Minutes At […]
Read moreFebruary 18, 2015 7:17 am
Yesterday’s trade saw EUR/GBP within the range of 0.7371-0.7447. The pair closed at 0.7432, gaining 0.57% on a daily basis. At 7:14 GMT today EUR/GBP was down 0.09% for the day to trade at 0.7425. The pair touched a daily low at 0.7422 at 7:06 GMT. Fundamentals Euro area Construction output At 10:00 GMT Eurostat […]
Read moreFebruary 17, 2015 4:01 pm
Goodyear Tire & Rubber Co reported on Tuesday a significant increase in quarterly profit driven by a one-time tax benefit, which made up for lower European sales amid warmer winter. Net income for the three months stood at $2.13 billion, or $7.68 a share, compared with a profit of $228 million ,or $0.84 a share, […]
Read moreFebruary 17, 2015 2:19 pm
TNT Express NV swung to a loss in the fourth quarter and projected tougher competition in its major markets to persist during the year ahead. The Dutch logistics company reported net loss of €137 million in the three months to December compared to a positive result of €32 million a year ago. Operating performance stood […]
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