March 9, 2015 10:58 am
General Motors Co is expected to announce a share-buyback program on Monday in order to avoid an eventual proxy fight with activist investor Harry J. Wilson, who has been pushing for a seat on the carmakers board, the Wall Street Journal reported. Although the exact size of the buyback remains unknown it is expected to […]
Read moreMarch 9, 2015 9:34 am
Tesla Motors Inc confirmed on Monday it will reduce its workforce in China as the electric carmaker continues with its restructuring efforts to combat sluggish sales. Gary Tao, a spokesman for the Palo Alto, California-based company said that Tesla will part ways with an undisclosed amount of employees in order to create a “stronger and […]
Read moreMarch 9, 2015 8:31 am
Friday’s trade saw USD/CAD within the range of 1.2453-1.2629. The daily high has also been the highest level since February 24th, when a high of 1.2665 was recorded. The pair closed at 1.2622, surging 1.09% on a daily basis. At 8:28 GMT today USD/CAD was down 0.25% for the day to trade at 1.2591. The […]
Read moreMarch 9, 2015 8:22 am
Gold edged up on Monday following a week of declines which ended with the metals biggest daily drop since December 2013 after robust U.S. economic data bolstered expectations of a sooner interest rate hike. Comex gold for delivery in April was up 0.62% at $1 171.5 per troy ounce at 7:53 GMT, shifting in a […]
Read moreMarch 9, 2015 8:06 am
Friday’s trade saw GBP/CAD within the range of 1.8897-1.9062. The daily low has also been the lowest level since February 4th, when a low of 1.8788 was recorded. The pair closed at 1.8981, losing 0.26% on a daily basis. At 8:01 GMT today GBP/CAD was up 0.14% for the day to trade at 1.8993. The […]
Read moreMarch 9, 2015 7:47 am
Friday’s trade saw EUR/CAD within the range of 1.3617-1.3782. The daily low has also been the lowest level since July 30th 2013, when a low of 1.3595 was recorded. The pair closed at 1.3688, losing 0.62% on a daily basis. At 7:44 GMT today EUR/CAD was up 0.22% for the day to trade at 1.3690. […]
Read moreMarch 8, 2015 8:13 am
Friday’s trade saw EUR/GBP within the range of 0.7179-0.7242. The daily low has also been the lowest level since mid-December 2007. The pair closed at 0.7211, down 0.37% on a daily basis and marking a fourth straight daily loss. The cross fell 0.59% for the whole week, which also marked a fifth consecutive week of […]
Read moreMarch 7, 2015 3:03 pm
Friday’s trade saw EUR/CHF within the range of 1.0631 – 1.0759. The pair closed at 1.0695, losing 0.51% on a daily basis. The cross gained 0.21% for the whole week, which partially neutralized the loss from the week ended on February 27th. On Monday (March 9th) EUR/CHF may be influenced by a number of fundamentals, […]
Read moreMarch 6, 2015 4:06 pm
Staples Inc reported on Friday a quarterly loss due to lower customer demand, the stronger dollar and a charge related to its overseas units. For the three months ended January 31 the office-supply retail chain stated a net loss of $260.35 million, or $0.41 a share, compared to a profit of $212.4 million, or $0.33 […]
Read moreMarch 6, 2015 2:50 pm
Chinas Fosun International has purchased 5% stake in the British travel company Thomas Cook, the companies announced on Friday in separate statements. The largest private company in China said it had paid 125.75 pence a share or a total of £91.8 million for the Thomas Cook stake in, as it added another company of to […]
Read more
