February 19, 2015 4:13 pm
Wal-Mart Stores Inc announced on Thursday that it would increase the pay rate of its US staff above the minimum amid rebounding sales at home. The worlds biggest retailer said it would spend more than $1 billion on wage increases during this fiscal year. The company intents to start paying its employees at least $9.00 […]
Read moreFebruary 19, 2015 3:03 pm
Air France-KLM SA reported profit above expectations on Thursday but warned that it would reduce its investment plan by €300 million during the year ahead as the company battles weakness in Europe. The airline company stated net income of €316 million, or €1.07 a share, in the three months ended December compared to a loss […]
Read moreFebruary 19, 2015 1:18 pm
Samsung Electronics Co said Wednesday that it had purchased a US mobile payment startup, outlining its plan to compete with Apple Pay. The South Korean technology giant acquired Burlington-based LoopPay for an undisclosed amount as it makes its push into mobile payments, where rival Apple is already gaining some traction. The market is quickly getting […]
Read moreFebruary 19, 2015 10:55 am
BAE System Plc announced on Thursday a 12% decline in full-year profit as Europe’s biggest defense company suffered amid lower military spending. The London-based company said underlying earnings before interest, taxes, and amortization dropped to £1.70 billion in 2014 compared to the £1.93 billion stated in the prior period. Revenue for the year slided 8.5% […]
Read moreFebruary 19, 2015 9:29 am
Barrick Gold Corp announced on Wednesday it plans to reduce its net debt by more than $3 billion by the of this year, party by disposing of two of its mines. The worlds largest gold producer said it intends to start a process to sell its Cowal mine in Australia and the Porgera joint-venture between […]
Read moreFebruary 19, 2015 8:57 am
Gold edged up on Thursday to end two days of losses after minutes from the Federal Reserves last meeting indicated that some policy makers were keen on keeping interest rates low. Comex gold for delivery in April gained 1.37% to $1 216.6 per troy ounce by 08:38 GMT, having shifted in a daily range of […]
Read moreFebruary 19, 2015 8:45 am
Yesterday’s trade saw USD/CAD within the range of 1.2376-1.2467. The pair closed at 1.2455, gaining 0.53% on a daily basis. At 8:40 GMT today USD/CAD was up 0.09% for the day to trade at 1.2465. The pair touched a daily high at 1.2472 at 8:28 GMT. Fundamentals United States Initial, Continuing Jobless Claims The number […]
Read moreFebruary 19, 2015 8:17 am
Yesterday’s trade saw EUR/USD within the range of 1.1332-1.1418. The pair closed at 1.1398, losing 0.12% on a daily basis. At 8:11 GMT today EUR/USD was up 0.17% for the day to trade at 1.1416. The pair touched a daily high at 1.1427 at 8:24 GMT. Fundamentals ECB policy meeting minutes At 12:30 GMT for […]
Read moreFebruary 19, 2015 7:48 am
Yesterday’s trade saw GBP/USD within the range of 1.5339-1.5483. The daily high has also been the highest level since January 2nd, when a high of 1.5587 was recorded. The pair closed at 1.5435, gaining 0.53% on a daily basis. At 7:43 GMT today GBP/USD was up 0.10% for the day to trade at 1.5451. The […]
Read moreFebruary 19, 2015 7:26 am
Yesterday’s trade saw EUR/GBP within the range of 0.7335-0.7441. The daily low has also been the lowest level in more than six years. The pair closed at 0.7384, losing 0.65% on a daily basis. At 7:24 GMT today EUR/GBP was unchanged for the day to trade at 0.7384. The pair touched a daily low at […]
Read more
