February 13, 2015 8:37 am
Yesterday’s trade saw EUR/CAD within the range of 1.4153-1.4333. The pair closed at 1.4261, losing 0.40% on a daily basis, which followed two consecutive daily gains. At 8:31 GMT today EUR/CAD was up 0.25% for the day to trade at 1.4298. The pair touched a daily high at 1.4314 at 8:09 GMT. Fundamentals Euro area […]
Read moreFebruary 13, 2015 8:26 am
Gold edged up for a second session on Friday, supported by political uncertainty in Europe and weaker US data, but nevertheless headed for a third weekly decline amid worries of an interest rate hike in the US. Comex gold for delivery in April was up 0.76% at $1 230.0 per troy ounce at 07:56 GMT, […]
Read moreFebruary 13, 2015 7:44 am
Yesterday’s trade saw EUR/GBP within the range of 0.7369-0.7456. The daily low has also been the lowest level in more than six years. The pair closed at 0.7412, losing 0.35% on a daily basis. At 7:41 GMT today EUR/GBP was up 0.06% for the day to trade at 0.7416. The pair touched a daily high […]
Read moreFebruary 12, 2015 4:03 pm
Qualcomm Inc became a subject to yet another investigation, this time from South Korean authorities, following the chip designers record fine in China. According to a person familiar with the situation, Samsung Electronics, LG Electronics and Pantech, also a smartphone maker, complained to the Fair Trade Commission about Qualcomms current royalty rates, claiming they are […]
Read moreFebruary 12, 2015 2:37 pm
Lower oil prices claimed another victim on Thursday as Frances Total reported a net loss of $5.66 billion in the fourth quarter due to significant asset writedowns. The company took impairment charges with a combined value of $6.5 billion, related to its Canadian oil sands business, its refineries in Europe and its US shale operations. […]
Read moreFebruary 12, 2015 1:18 pm
Rio Tinto Plc reported Thursday full-year profit above expectations, driven by higher production and cost cuts, and announced a $2 billion share buyback program. The worlds second-largest miner stated underlying earnings of $9.3 billion for the 12 months ended December 31, down 9% compared to last years result of $10.2 billion. The figure also surpassed […]
Read moreFebruary 12, 2015 10:57 am
Renault SA reported Thursday a significant increase in full-year net profit after the French carmaker benefited from robust European sales and cost cuts. The company reported 2014 net profit of €1.9 billion, more than tripled compared to the €586 million in the previous year. The figure also beat the €1.8 billion projection of the 20 […]
Read moreFebruary 12, 2015 10:38 am
Yesterday’s trade saw USD/CAD within the range of 1.2568-1.2700. The daily high has also been the highest level since February 2nd, when a high of 1.2772 was recorded. The pair closed at 1.2633, gaining 0.37% on a daily basis. At 10:35 GMT today USD/CAD was down 0.66% for the day to trade at 1.2549. The […]
Read moreFebruary 12, 2015 9:24 am
Tesla Motors Inc reported bigger-than-expected loss in the fourth quarter, but Chief Executive Elon Musk projected better performance in the current year. For the three months ended December 31, the electric carmaker reported a loss of $0.13 per share, excluding certain items. In comparison analysts had projected a profit of $0.32 per share. The Palo […]
Read moreFebruary 12, 2015 8:56 am
Yesterday’s trade saw EUR/CAD within the range of 1.4219-1.4346. The daily high has also been the highest level since February 4th, when a high of 1.4389 was recorded. The pair closed at 1.4318, gaining 0.46% on a daily basis and extending gains from Tuesday. At 8:50 GMT today EUR/CAD was down 0.29% for the day […]
Read more
