March 25, 2015 10:57 am
Austrias Raiffeisen Bank projected on Wednesday another full-year loss as the company intends to book the majority of its planned restructuring costs in the year ahead. Europes second-largest bank confirmed a loss of €493 million for the past year as previously stated in its preliminary report issued on February 9. The figure compares with a […]
Read moreMarch 25, 2015 9:37 am
HSBC Holdings Plc announced on Tuesday that will move around 1 000 jobs from London to Birmingham as the largest bank in Europe relocates its personal and business arm. The move is expected to be completed before 2019, when new laws are projected to kick in. Banks would have to separate their retail operations from […]
Read moreMarch 25, 2015 9:15 am
Yesterday’s trade saw USD/CAD within the range of 1.2426-1.2549. The daily low has also been the lowest level since March 5th, when a low of 1.2405 was recorded. The pair closed at 1.2494, down 0.24% on a daily basis and marking a third consecutive daily loss. At 9:12 GMT today USD/CAD was down 0.02% for […]
Read moreMarch 25, 2015 8:38 am
Yesterdays trade saw EUR/USD within the range of 1.0889-1.1032. The daily high has also been the highest level since March 18th, when a high of 1.1033 was recorded. The pair closed at 1.0926, down 0.18% on a daily basis, or the first loss in four trading days. At 8:32 GMT today EUR/USD was up 0.27% […]
Read moreMarch 25, 2015 8:23 am
Gold traded on Wednesday near a two-and-half-week high following five sessions of gains fueled by mounting expectations of a delayed U.S. interest rate hike. Comex gold for delivery in April was up 0.08% at $1 192.4 per troy ounce at 8:06 GMT, shifting in a daily range of $1 193.4 and $1 186.1. The precious […]
Read moreMarch 25, 2015 7:56 am
Yesterdays trade saw EUR/GBP within the range of 0.7300-0.7375. The daily high has also been the highest level since February 23rd, when a high of 0.7409 was recorded. The pair closed at 0.7357, rising 0.49% on a daily basis and marking a third straight daily gain. At 7:46 GMT today EUR/GBP was down 0.07% for […]
Read moreMarch 24, 2015 12:56 pm
Hutchison Whampoa Ltd is close to striking a deal with Telefonica to acquire its British cellphone operator O2 for around £10.25 billion. Owned by the richest man in Asia Li Ka-shing, the company intends to merge O2 with its existing mobile business Three in order to create the biggest mobile operator in Britain. According to […]
Read moreMarch 24, 2015 10:38 am
A minor shareholder of Vivendi is pushing the French media group to spin off its Universal Music Group unit and to return a total of €9 billion in the form of a special dividend. The U.S. hedge fund P. Schoenfeld Asset Management, which owns slightly less than 1% of Vivendi shares, has sent a letter […]
Read moreMarch 24, 2015 9:03 am
Sweden’s Hennes & Mauritz AB reported first-quarter profit above expectations, but the worlds second-largest fashion retailer warned that the robust dollar may dent future performance. The company stated a pre-tax profit of 4.7 billion Swedish crowns in the three months ended February 28, up from the SEK 3.49 billion reported a year ago. In comparison […]
Read moreMarch 24, 2015 9:03 am
Yesterday’s trade saw USD/CAD within the range of 1.2493-1.2616. The pair closed at 1.2524, down 0.48% on a daily basis and extending losses from Friday. At 8:58 GMT today USD/CAD was down 0.20% for the day to trade at 1.2497. The pair touched a daily low at 1.2486 at 8:38 GMT. Fundamentals United States Consumer […]
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