February 26, 2015 4:05 pm
Volvo reported a healthy increase in operating profit on Thursday as sales in China and Europe more than offset lower volumes in the U.S. The Swedish vehicle manufacturer reported operating profit of 2.2 billion kronor in 2014, up 17.4% compared to last years results SEK of 1.92 billion. Over the period the company delivered 10% […]
Read moreFebruary 26, 2015 2:32 pm
Samsung Electronic Co announced on Thursday it intends to freeze the salaries of its employees based in South Korea as the smartphone maker struggles to cope with rising competition from Apple and low-cost Chinese rivals. The technology giant said the freeze, its first in six years, is a part of a cost-cutting plan aimed at […]
Read moreFebruary 26, 2015 1:04 pm
General Motors Co is set to discontinue manufacturing operations in Indonesia, retreating from one of the fastest developing markets in Southeast Asia, after more than 70 years in the country. The largest US car maker is expected to close its only plant in Indonesia at Bekasi, leaving around 500 people without jobs. The facility is […]
Read moreFebruary 26, 2015 10:56 am
Royal Bank of Scotland reported its seventh annual net loss on Thursday and said it will exit some markets in the year ahead as the state-backed bank focuses on its operations in Britain. For the twelve months of 2014 the company reported a net loss of £3.47 billion, significantly lower that the £9-billion loss it […]
Read moreFebruary 26, 2015 9:34 am
Google Inc launched its new work-related initiative on Wednesday and announced it had reached an agreement with Blackberry to improve security on Android devices. Android for Work was officially released yesterday following its introduction last June at Google I/O. The software would allow companies, which provide Android phones to their employees, to keep an eye […]
Read moreFebruary 26, 2015 9:25 am
Yesterday’s trade saw USD/CAD within the range of 1.2404-1.2497. The daily low has also been the lowest level since February 18th, when a low of 1.2376 was recorded. The pair closed at 1.2433, going down 0.51% on a daily basis and extending losses from Tuesday. At 9:22 GMT today USD/CAD was down 0.17% for the […]
Read moreFebruary 26, 2015 8:49 am
Gold edged up on Thursday, drifting further away from a seven-week low, as traders evaluated the prospects of an extended period of low interest rates after the speech of Federal Reserve Chair Janet Yellen. Comex gold for delivery in April gained 0.96% to $1 213.0 per troy ounce by 08:22 GMT, having shifted in a […]
Read moreFebruary 26, 2015 8:21 am
Yesterday’s trade saw EUR/USD within the range of 1.1336-1.1388. The pair closed at 1.1360, up 0.18% on a daily basis and extending gains from Tuesday. At 8:01 GMT today EUR/USD was down 0.06% for the day to trade at 1.1353. The pair touched a daily low at 1.1348 at 7:45 GMT. Fundamentals Euro area Change […]
Read moreFebruary 26, 2015 7:45 am
Yesterday’s trade saw GBP/JPY within the range of 183.54-184.67. The pair closed at 184.50, going up 0.42% on a daily basis, or the largest daily gain since February 17th. At 7:40 GMT today GBP/JPY was up 0.11% for the day to trade at 184.77. The pair broke the first key daily and the first key […]
Read moreFebruary 26, 2015 7:20 am
Yesterday’s trade saw EUR/GBP within the range of 0.7314-0.7345. The daily low was a fresh more-than-six-year low. The pair closed at 0.7315, losing 0.34% on a daily basis. At 7:17 GMT today EUR/GBP was down 0.02% for the day to trade at 0.7313. The pair touched a daily low at 0.7309 at 2:15 GMT. Fundamentals […]
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