December 9, 2014 1:26 pm
Deutsche Bank AG, Germanys largest loan provider, is being sued by the US government over allegedly creating a network of underfunded shell companies to avoid paying US taxes. On Monday the US attorney for the Southern District of New York filed a lawsuit seeking 190 million in taxes, penalties and interest. The lawsuit pointed at […]
Read moreDecember 9, 2014 12:00 pm
McDonalds Corp reported its worst monthly decline in US same-store sales since 2001 and said that such performance is expected to have a negative impact on its fourth-quarter results. The companys US sales have decreasing since May, prompting management to take action in McDonalds most important market. The Novembers decline of 4.6% in same-store sales, […]
Read moreDecember 9, 2014 10:11 am
Natural gas increased on Monday for a second time out of tree trading sessions as forecasts project possible colder weather later this month. Natural gas for delivery in January climbed 1.78% to $3.659 per million British thermal units by 9:53 GMT. Prices held in a daily range between $3.675 and $3.608. The energy source dropped […]
Read moreDecember 9, 2014 8:57 am
Gold traded above the $1 200 level, after increasing the most in a week as investors resumed interest in the precious metal, but remained concerned about the possibility of a sooner rather than later increase of U.S. interest rates. Comex gold for delivery in February gained 1.01%, its biggest intraday increase since December 1, to […]
Read moreDecember 9, 2014 8:07 am
Yesterday’s trade saw USD/MXN within the range of 14.2820-14.4597. The pair closed at 14.3818, gaining 0.12% on a daily basis. At 8:03 GMT today USD/MXN was up 0.07% for the day to trade at 14.3915. The pair touched a daily high at 14.4292 at 7:15 GMT. Fundamentals United States Job Openings and Labor Turnover Survey […]
Read moreDecember 9, 2014 8:05 am
Both Brent and West Texas Intermediate fell further and hit new five-year lows as Iraq also offered its crude at a discount in the Asian market, providing additional evidence that OPEC is defending its market share. January US crude fell 0.82% on Tuesday to $62.53 per barrel by 07:51 GMT. Prices held in a daily […]
Read moreDecember 9, 2014 7:46 am
Yesterday’s trade saw GBP/SEK within the range of 11.7425-11.8730. The pair closed at 11.8124, gaining 0.47% on a daily basis. At 7:43 GMT today GBP/SEK was down 0.17% for the day to trade at 11.7912. The pair touched a daily low at 11.7884 at 7:44 GMT. Fundamentals United Kingdom Industrial, manufacturing output Annualized industrial production […]
Read moreDecember 9, 2014 7:33 am
Yesterday’s trade saw USD/TRY within the range of 2.2558-2.2822. The pair closed at 2.2686, gaining 0.39% on a daily basis. At 7:30 GMT today USD/TRY was down 0.10% for the day to trade at 2.2664. The pair touched a daily low at 2.2658 at 7:31 GMT. Fundamentals United States Job Openings and Labor Turnover Survey […]
Read moreDecember 9, 2014 7:21 am
Yesterday’s trade saw EUR/GBP within the range of 0.7835-0.7903. The pair closed at 0.7869, losing 0.37% on a daily basis. At 7:13 GMT today EUR/GBP was up 0.03% for the day to trade at 0.7874. The pair touched a daily high at 0.7882 at 6:20 GMT. Fundamentals Euro zone French balance of trade The deficit […]
Read moreDecember 8, 2014 3:55 pm
Sony Corp was victimized by another hacker attack, this time the hit was aimed at its PlayStation store, which resulted in two hours of downtime. Todays cyber assault follows last months hacking of Sony Pictures Entertainment’s computer network, the outcome of which was the illegal release of several of its films, including Brad Pits Fury […]
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