March 16, 2015 1:10 pm
The biggest shareholder of Lenovo Group Ltd is aiming for up to $3-billion initial public offering in Hong Kong as soon as July, the Wall Street Journal reported on Monday. Beijing-based Legend Holdings, which has a colorful portfolio of investments ranging from real estate to agriculture, intends to apply for approval from the Hong Kong’s […]
Read moreMarch 16, 2015 10:33 am
Air France-KLM faces further difficulties in negotiating with its employees after union representatives announced that they would not attend a planned meeting on Monday. Following last years pilot strike, the airline has agreed to meet with worker unions, who represent pilots, cabin and maintenance employees, in order to discuss the companys five year proposal. The […]
Read moreMarch 16, 2015 9:08 am
General Electric Co announced on Monday it had agreed to sell its consumer-lending business in Australia and New Zealand to an investor group including Värde Partners and Deutsche bank. The company said it would sell its financial service unit, which is part of GE Capital in Australia and New Zealand, to Värde Partners, KKR and […]
Read moreMarch 16, 2015 8:48 am
Friday’s trade saw EUR/CAD within the range of 1.3382-1.3523. The daily low has also been the lowest level since May 31st 2013, when a low of 1.3375 was recorded. The pair closed at 1.3416, losing 0.56% on a daily basis. At 8:42 GMT today EUR/CAD was up 0.32% for the day to trade at 1.3458. […]
Read moreMarch 16, 2015 8:26 am
Friday’s trade saw USD/CAD within the range of 1.2679-1.2825. The pair closed at 1.2784, gaining 0.77% on a daily basis. At 8:22 GMT today USD/CAD was down 0.04% for the day to trade at 1.2777. The pair touched a daily low at 1.2761 at 7:25 GMT. Fundamentals United States NY Empire State Manufacturing Index The […]
Read moreMarch 16, 2015 8:10 am
Gold rose on Monday but remained pressured by mounting speculations that the Federal Reserve would indicate a sooner increase in interest rates during its upcoming meeting. Comex gold for delivery in April was up 0.79% at $1 161.5 per troy ounce at 7:54 GMT, shifting in a daily range of $1 163.3 – $1 152.7. […]
Read moreMarch 16, 2015 7:42 am
Friday’s trade saw USD/CHF within the range of 1.0015-1.0112. The pair closed at 1.0049, gaining 0.25% on a daily basis. At 7:38 GMT today USD/CHF was up 0.02% for the day to trade at 1.0058. The pair touched a daily high at 1.0074 during early Asian trade. Fundamentals United States NY Empire State Manufacturing Index […]
Read moreMarch 15, 2015 8:53 am
Friday’s trade saw GBP/USD within the range of 1.4697-1.4897. The daily low has also been the lowest level since June 22nd 2010, when a low of 1.4688 was recorded. The pair closed at 1.4744, falling 0.93% on a daily basis and marking a fourth straight daily loss. The cross plunged 1.95% for the whole week, […]
Read moreMarch 14, 2015 12:15 pm
Friday’s trade saw EUR/USD within the range of 1.0460-1.0639. The daily low has also been the lowest level since January 9th 2003, when a low of 1.0453 was recorded. The pair closed at 1.0495, falling 1.32% on a daily basis. The cross plummeted 3.22% for the whole week, which marked a fourth consecutive weekly loss. […]
Read moreMarch 13, 2015 12:49 pm
Hyundai Motor Co gave into shareholder pressure and agreed to consider a proposal to establish a committee that will protect the interests of investors. At a shareholder meeting in South Korea an official from APG Asset Management, which holds a stake in Hyundai, asked the carmaker to make changes in its governance structure in order […]
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