March 13, 2015 10:33 am
GlaxoSmithKline announced on Friday that it had disposed of around half of its take in South Africas largest generic drugmaker as a part of the companys turnaround plan. GSK said it had sold about 6.2% of its stake in Aspen Pharmacare Holdings, reflecting Chief Executive Sir Andrew Wittys latest attempt to spur growth at Britains […]
Read moreMarch 13, 2015 9:20 am
Yesterday’s trade saw USD/CAD within the range of 1.2617-1.2769. The pair closed at 1.2686, losing 0.52% on a daily basis. At 9:17 GMT today USD/CAD was up 0.28% for the day to trade at 1.2721. The pair broke the first key weekly resistance level and touched a daily high at 1.2731 at 6:35 GMT. Fundamentals […]
Read moreMarch 13, 2015 9:07 am
Intel Corp. slashed its previous first-quarter revenue target by around $1 billion on Thursday citing lower demand for corporate personal computers. The Santa Clara, California-based chipmaker said that more businesses held back from upgrading Microsofts Windows XP operating system and thus put off purchasing new and more powerful machines. Intel said the tendency was notably […]
Read moreMarch 13, 2015 8:36 am
Yesterday’s trade saw EUR/CAD within the range of 1.3391-1.3503. 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 1.3492, gaining 0.32% on a daily basis. At 8:32 GMT today EUR/CAD was up 0.12% for the day to trade at 1.3511. […]
Read moreMarch 13, 2015 7:59 am
Gold gained on Friday to trim losses from previous sessions as the robust dollar took a breather, but the metal is headed for a yet another weekly loss as traders continue to expect a sooner increase in U.S. interest rates. Comex gold for delivery in April was up 0.57% at $1 158.5 per troy ounce […]
Read moreMarch 13, 2015 7:48 am
Yesterday’s trade saw EUR/GBP within the range of 0.7030-0.7147. The pair closed at 0.7146, surging 1.15% on a daily basis, or the first gain in eight trading days. At 7:45 GMT today EUR/GBP was down 0.34% for the day to trade at 0.7123. The pair touched a daily low at 0.7115 at 7:05 GMT. Fundamentals […]
Read moreMarch 12, 2015 1:12 pm
Dollar General Corp reported an increase in sales on Thursday but projected modest growth in the year ahead as the market leader is set to face increased competition once its two smaller rivals merge later this year. The company reported net sales of $18.9 billion for the twelve months ended January 30, up 8% compared […]
Read moreMarch 12, 2015 11:06 am
Volkswagen AG announced on Thursday it would seek to achieve cost cuts of more than €1 billion in the year ahead as Europes largest car manufacturer aims to revive sales at its namesake brand. Last year the company introduced an “efficiency program” for its Volkswagen passenger car brand with the aim to reduce costs by […]
Read moreMarch 12, 2015 9:39 am
Deutsche Lufthansa AG said on Thursday it plans to maintain its cost-cutting efforts in order to better cope with increasing competition, even if the move triggers additional strikes. The German airline said pilot and security personnel strikes reduced its full-year operating profit by €232 million, including €62 million in December, to €954 million or 37% […]
Read moreMarch 12, 2015 9:15 am
Yesterday’s trade saw USD/CAD within the range of 1.2662-1.2798. The daily high was a test of the high recorded on January 30th. The pair closed at 1.2752, up 0.50% on a daily basis and extending gains from Wednesday. At 9:12 GMT today USD/CAD was down 0.38% for the day to trade at 1.2698. The pair […]
Read more
