February 3, 2015 11:01 am
BP Plc reported on Tuesday performance that exceeded expectations, driven by gains on its stake in Russias Rosneft, despite $3.6 impairment charge and lower oil prices. The company stated underlying replacement cost profit, excluding charges, of $2.2 billion for the three months ended December 31. In comparison BP reported a profit of $2.8 billion for […]
Read moreFebruary 3, 2015 9:46 am
Yesterday’s trade saw NZD/USD within the range of 0.7234-0.7331. The pair closed at 0.7304, gaining 0.56% on a daily basis. At 9:42 GMT today NZD/USD was down 1.49% for the day to trade at 0.7196. The pair broke the first two key daily support levels and touched a daily low at 0.7177 at 8:20 GMT. […]
Read moreFebruary 3, 2015 9:27 am
News Corp and Twenty-First Century Fox will not be prosecuted by the US Department of Justice over phone hacking and alleged bribery of public officials in the UK. Both of Rupert Murdochs companies said in a separate fillings with the Securities and Exchange Commission that the department has completed and closed its investigation over the […]
Read moreFebruary 3, 2015 8:15 am
Gold edged up to trade near $1 280 an ounce on Tuesday as global growth concerns boosted demand for the metal, but investors remained cautious as they assessed the possibility of a US rate hike. Comex gold for delivery in April climbed 0.56% to $1 284.1 per troy ounce by 08:02 GMT, shifting in a […]
Read moreFebruary 3, 2015 8:10 am
Yesterday’s trade saw USD/CAD within the range of 1.2553-1.2772. The pair closed at 1.2567, losing 0.97% on a daily basis. At 8:07 GMT today USD/CAD was up 0.34% for the day to trade at 1.2610. The pair touched a daily high at 1.2645 at 4:40 GMT. Fundamentals United States Factory orders Factory orders in the […]
Read moreFebruary 3, 2015 7:40 am
Yesterday’s trade saw EUR/CAD within the range of 1.4224-1.4479. The pair closed at 1.4249, losing 0.69% on a daily basis. At 7:38 GMT today EUR/CAD was up 0.28% for the day to trade at 1.4292. The pair touched a daily high at 1.4326 at 4:35 GMT. Fundamentals Euro area Italian consumer inflation – preliminary estimate […]
Read moreFebruary 3, 2015 7:01 am
Yesterday’s trade saw EUR/GBP within the range of 0.7491-0.7564. The daily high has also been the highest level since January 23rd, when a high of 0.7584 was recorded. The pair closed at 0.7546, gaining 0.67% on a daily basis. At 6:58 GMT today EUR/GBP was up 0.04% for the day to trade at 0.7545. The […]
Read moreFebruary 2, 2015 4:09 pm
Exxon Mobil Corp announced on Monday it suffered a 21% reduction in quarterly profits, less than projected, as performance of the worlds biggest oil company was boosted by tax benefits and a compensation from Venezuela. Post-tax earnings for the three months ended December 31 stood at $6.57 billion, down compared to the $8.35 billion reported […]
Read moreFebruary 2, 2015 2:35 pm
Irelands building supplies company CRH Plc announced on Monday it had agreed to spend €6.5 billion in order to acquire assets from rivals Lafarge and Holcim. The two companies are selling parts of their businesses to get regulatory approval on $40-billion merger. The assets, subject to the deal, include operations mainly in Europe, Canada, Brazil […]
Read moreFebruary 2, 2015 1:19 pm
Intel announced on Monday it had agreed to acquire privately held network chipmaker Lantiq for an undisclosed amount to further push into the “Internet of things”. The Santa Clara, California-based company said it had reached a definitive agreement with Lantiq-owner Golden Gate Capital to purchase the German maker of communications chips. Lantiq was created in […]
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