February 13, 2015 2:29 pm
Statoil ASA announced on Friday that the oil giant and partners have submitted a plan for the development of the giant North Sea oil field. The oil company said in a statement it had sent a plan to the Norwegian Ministry of Petroleum and Energy, under which Statoil will operate around 40% of the field, […]
Read moreFebruary 13, 2015 1:16 pm
ArcelorMittal reported on Friday a smaller net loss in the quarter but lowered its profit expectations for this year as lower iron ore prices offset higher demand for steel. The worlds largest steelmaker by production stated a net loss of $955 million in the fourth quarter compared with a negative result of $1.23 billion a […]
Read moreFebruary 13, 2015 11:14 am
TransCanada Corp intents to seek permission from the US government for its plan to construct a 200-mile pipeline from North Dakota to Canada. According to a person familiar with the matter the Canadian pipeline company will unveil its plan later on Friday as it reports its financial performance. The new project is valued at $600 […]
Read moreFebruary 13, 2015 9:57 am
Yesterday’s trade saw USD/JPY within the range of 118.49-120.47. The pair closed at 119.11, losing 1.13% on a daily basis. On Wednesday the cross rose to as high as 120.50, which has been the highest level since January 5th, when a high of 120.64 was recorded. At 9:53 GMT today USD/JPY was down 0.18% for […]
Read moreFebruary 13, 2015 9:44 am
Rolls-Royce Holdings Plc warned on Friday that full-year earnings may decline as much as 14% this year as the company reported lower annual profit amid falling oil prices. The world’s second-largest maker of aircraft engines said in statement it expects profit before tax in 2015 to stand between £1 400 million and £1 550 million. […]
Read moreFebruary 13, 2015 9:14 am
Yesterday’s trade saw USD/CAD within the range of 1.2436-1.2648. The pair closed at 1.2506, losing 1.01% on a daily basis, which followed two consecutive daily gains. At 9:12 GMT today USD/CAD was up 0.06% for the day to trade at 1.2515. The pair touched a daily high at 1.2522 at 8:19 GMT. Fundamentals United States […]
Read moreFebruary 13, 2015 8:37 am
Yesterday’s trade saw EUR/CAD within the range of 1.4153-1.4333. The pair closed at 1.4261, losing 0.40% on a daily basis, which followed two consecutive daily gains. At 8:31 GMT today EUR/CAD was up 0.25% for the day to trade at 1.4298. The pair touched a daily high at 1.4314 at 8:09 GMT. Fundamentals Euro area […]
Read moreFebruary 13, 2015 8:26 am
Gold edged up for a second session on Friday, supported by political uncertainty in Europe and weaker US data, but nevertheless headed for a third weekly decline amid worries of an interest rate hike in the US. Comex gold for delivery in April was up 0.76% at $1 230.0 per troy ounce at 07:56 GMT, […]
Read moreFebruary 13, 2015 7:44 am
Yesterday’s trade saw EUR/GBP within the range of 0.7369-0.7456. The daily low has also been the lowest level in more than six years. The pair closed at 0.7412, losing 0.35% on a daily basis. At 7:41 GMT today EUR/GBP was up 0.06% for the day to trade at 0.7416. The pair touched a daily high […]
Read moreFebruary 12, 2015 4:03 pm
Qualcomm Inc became a subject to yet another investigation, this time from South Korean authorities, following the chip designers record fine in China. According to a person familiar with the situation, Samsung Electronics, LG Electronics and Pantech, also a smartphone maker, complained to the Fair Trade Commission about Qualcomms current royalty rates, claiming they are […]
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