February 12, 2015 2:37 pm
Lower oil prices claimed another victim on Thursday as Frances Total reported a net loss of $5.66 billion in the fourth quarter due to significant asset writedowns. The company took impairment charges with a combined value of $6.5 billion, related to its Canadian oil sands business, its refineries in Europe and its US shale operations. […]
Read moreFebruary 12, 2015 1:18 pm
Rio Tinto Plc reported Thursday full-year profit above expectations, driven by higher production and cost cuts, and announced a $2 billion share buyback program. The worlds second-largest miner stated underlying earnings of $9.3 billion for the 12 months ended December 31, down 9% compared to last years result of $10.2 billion. The figure also surpassed […]
Read moreFebruary 12, 2015 10:57 am
Renault SA reported Thursday a significant increase in full-year net profit after the French carmaker benefited from robust European sales and cost cuts. The company reported 2014 net profit of €1.9 billion, more than tripled compared to the €586 million in the previous year. The figure also beat the €1.8 billion projection of the 20 […]
Read moreFebruary 12, 2015 10:38 am
Yesterday’s trade saw USD/CAD within the range of 1.2568-1.2700. The daily high has also been the highest level since February 2nd, when a high of 1.2772 was recorded. The pair closed at 1.2633, gaining 0.37% on a daily basis. At 10:35 GMT today USD/CAD was down 0.66% for the day to trade at 1.2549. The […]
Read moreFebruary 12, 2015 9:24 am
Tesla Motors Inc reported bigger-than-expected loss in the fourth quarter, but Chief Executive Elon Musk projected better performance in the current year. For the three months ended December 31, the electric carmaker reported a loss of $0.13 per share, excluding certain items. In comparison analysts had projected a profit of $0.32 per share. The Palo […]
Read moreFebruary 12, 2015 8:56 am
Yesterday’s trade saw EUR/CAD within the range of 1.4219-1.4346. The daily high has also been the highest level since February 4th, when a high of 1.4389 was recorded. The pair closed at 1.4318, gaining 0.46% on a daily basis and extending gains from Tuesday. At 8:50 GMT today EUR/CAD was down 0.29% for the day […]
Read moreFebruary 12, 2015 8:14 am
Gold rebounded from a one-month low on Thursday after European officials failed to reach an agreement for an extension of Greeces bailout program. Comex gold for delivery in April was up 0.21% at $1 222.2 per troy ounce at 07:46 GMT, shifting in a daily range of $1 223.8 – $1 218.0. The precious metal […]
Read moreFebruary 12, 2015 7:47 am
Yesterday’s trade saw EUR/GBP within the range of 0.7383-0.7450. The daily low has also been the lowest level in more than six years. The pair closed at 0.7438, gaining 0.23% on a daily basis. At 7:45 GMT today EUR/GBP was down 0.09% for the day to trade at 0.7432. The pair touched a daily low […]
Read moreFebruary 11, 2015 4:03 pm
Facebook launched on Wednesday a social platform for companies aimed at exchanging information about hacker threats and possible attacks. The worlds biggest social network introduced it latest project dubbed “ThreatExchange” which will aid companies in the war against cyber hackers. During the development period Facebook collaborated with Tumblr, Yahoo, Pinterest and Twitter, which provided feedback […]
Read moreFebruary 11, 2015 2:28 pm
Sky Plc kept the best Premier League soccer rights during the latest action, but managed to do so by launching a record bid, sending its shares 5% down during early trading on Wednesday. Britains pay-TV company agreed to pay £4.2 billion over three years for the exclusive right to broadcast live soccer matches from 2016 […]
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