March 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 moreMarch 12, 2015 8:32 am
Gold climbed up for the first time in nine sessions on Thursday to trade above a fresh three-month low as a robust dollar and increasing speculations about a sooner boost of U.S. interest rates dented demand for the precious metal. Comex gold for delivery in April was up 1.02% at $1 162.3 per troy ounce […]
Read moreMarch 12, 2015 7:55 am
Yesterday’s trade saw GBP/CAD within the range of 1.8998-1.9149. The daily high has also been the highest level since March 4th, when a high of 1.9236 was recorded. The pair closed at 1.9037, down 0.44% on a daily basis, or the first loss in the past three trading days. At 7:51 GMT today GBP/CAD was […]
Read moreMarch 12, 2015 7:26 am
Yesterday’s trade saw EUR/GBP within the range of 0.7011-0.7110. The daily low has also been the lowest level since November 2007. The pair closed at 0.7065, down 0.48% on a daily basis and marking a seventh consecutive daily loss. At 7:13 GMT today EUR/GBP was down 0.02% for the day to trade at 0.7064. The […]
Read moreMarch 11, 2015 1:02 pm
Ericsson AB announced on Wednesday it will reduce its Swedish workforce by 2 200 employees as the next step of the companys cost-reduction efforts. In November the worlds largest provider of mobile network equipment launched a “cost and efficiency program” as a result of falling sales and increased competition. The move puts job cuts back […]
Read moreMarch 11, 2015 10:52 am
Google Inc announced on Tuesday that Chief Financial Officer Patrick Pichette is retiring, but is set to stay with the worlds largest online search engine until a replacement is found. Mr. Pichette, 52 years old, is leavings the position after six and a half years and Google expects to find a suitable successor within six […]
Read moreMarch 11, 2015 9:30 am
Chevron Corp projected a major reduction in production growth by the end of the decade as a results from the less planned capital expenditure, which in turn is aimed at countering lower oil prices. During a presentation to analysts in New York on Tuesday, the oil giants Chief Executive John Watson said the companys production […]
Read moreMarch 11, 2015 8:35 am
Yesterday’s trade saw EUR/USD within the range of 1.0691-1.0856. The pair closed at 1.0698, losing 1.42% on a daily basis. At 8:27 GMT today EUR/USD was down 0.41% for the day to trade at 1.0652. The pair broke the first key daily and the first key weekly support levels and touched a daily low at […]
Read moreMarch 11, 2015 8:20 am
Gold edged up on Wednesday to trade slightly higher than its lowest in more than three months as persistent strength in the dollar dented demand for the metal. Comex gold for delivery in April was up 0.30% at $1 163.6 per troy ounce at 7:49 GMT, shifting in a daily range of $1 164.3 and […]
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