January 2, 2015 12:09 pm
Novartis AG announced on Thursday it had completed the $5.4-billion sale of its animal-health division to Eli Lilly & Co. The closing of the deal is in line with the April-announced plan of the Basel-based drug giant to focus Novartis effort on its three leading businesses of global scale: innovative pharmaceuticals, eye care, and generics. […]
Read moreJanuary 2, 2015 11:02 am
Yesterday’s trade saw USD/CAD within the range of 1.1609-1.1624. The pair closed at 1.1617, losing 0.03% on a daily basis. At 10:57 GMT today USD/CAD was up 0.34% for the day to trade at 1.1658. The pair broke all three key daily resistances and touched a daily high at 1.1667 at 10:30 GMT. So far […]
Read moreJanuary 1, 2015 3:11 pm
Samsung Electronics Co, the worlds largest TV manufacturer, announced on Thursday that its self-developed Tizen operating system will be largely implemented in its television sets starting 2015. Samsung has been working with Inter Corp. for years over the creation of the operating system, which was initially intended to work on smartphones and replace Google Incs […]
Read moreDecember 31, 2014 3:45 pm
US dollar was set to register a third year of gains in a row against the Japanese yen, driven by speculations that the Federal Reserve Bank will probably introduce a rate hike in 2015, while the Bank of Japan will probably ease policy further. At 15:14 GMT today USD/JPY was losing 0.02% on a daily […]
Read moreDecember 31, 2014 12:04 pm
BMW AG faces difficulties to maintain a healthy relationship with its China dealers as more car distributors threaten to not purchase any new vehicles unless the German auto giant decrease its sales target and offer subsidies. According to executives at two BMW dealerships, the car sellers will stop taking BMW vehicles starting as early as […]
Read moreDecember 30, 2014 3:17 pm
In a regulatory filling on Monday Shake Shack Inc said it is looking to raise a place holder amount of $100 million, more than 10 years after the restaurateur Danny Meyer opened its first location in New York. The company has gone a long way since Mr. Meyer set up a single hog dog cart […]
Read moreDecember 30, 2014 1:06 pm
TalkTalk Telecom Group Plc is set to purchase Tescos unprofitable Blinkbox and the deal is expected to be announced next week when Tescos CEO Dave Lewis unveils its new strategy plan. In his attempts to turn around the struggling UK retailer, Mr. Lewis is planning to dispose of the online video streaming service, according to […]
Read moreDecember 30, 2014 12:21 pm
Yesterday’s trade saw EUR/USD within the range of 1.2141-1.2221. The pair closed at 1.2152, losing 0.13% on a daily basis. At 12:18 GMT today EUR/USD was down 0.02% for the day to trade at 1.2152. The pair broke the first key weekly support level and touched a daily low at 1.2124 at 6:02 GMT. Fundamentals […]
Read moreDecember 30, 2014 10:10 am
BAE Systems PLC unveiled intentions to double its customer base as Europes largest defense company plans to sell its NetReveal anti-tax evasion software to several of Europes governments. “Digital defense is the new frontier. It is a reality now,” said George Robbins, senior director and general manager at NetReveal, cited by the Financial Times. “For […]
Read moreDecember 30, 2014 9:45 am
Yesterday’s trade saw USD/CAD within the range of 1.1602-1.1650. The pair closed at 1.1634, gaining 0.01% on a daily basis. At 9:42 GMT today USD/CAD was down 0.09% for the day to trade at 1.1627. The pair touched a daily low at 1.1622 at 8:10 GMT. Fundamentals United States Consumer Confidence by the CB Confidence […]
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