January 26, 2015 8:27 am
Friday’s trade saw EUR/CHF within the range of 0.9769-0.9923. The daily low has also been the lowest level since January 16th. The pair closed at 0.9872, losing 0.32% on a daily basis. At 8:23 GMT today EUR/CHF was up 1.00% for the day to trade at 0.9928. The pair touched a daily high at 0.9936 […]
Read moreJanuary 26, 2015 7:57 am
Friday’s trade saw EUR/GBP within the range of 0.7428-0.7583. The daily low has also been the lowest level since February 2008. The pair closed at 0.7475, losing 1.15% on a daily basis. “We’ve broken through some pretty important resistance and supports in euro-sterling,” said Peter Kinsella, a senior currency strategist at Commerzbank AG in London, […]
Read moreJanuary 25, 2015 8:45 am
Friday’s trade saw EUR/USD within the range of 1.1113-1.1374. The daily low has also been the lowest level since September 9th 2003, when a low of 1.1055 was recorded. The pair closed at 1.1208, losing 1.39% on a daily basis. The cross fell 3.12% for the whole week, which marked a sixth consecutive weekly loss. […]
Read moreJanuary 25, 2015 8:44 am
American Airlines Inc. is being sued by a mechanics union, which accused the worlds largest airline of pressuring workers into breaching federal safety procedures. Americans maintenance directors allegedly forced workers to disregard maintenance discrepancies in order to keep airplanes in revenue service and deviate from federally-mandated maintenance procedures. The initial accusations were filed during the […]
Read moreJanuary 25, 2015 8:43 am
Ford Motor Co announced on Friday it will remove its Venezuelan operations from its future financial reports as the second-largest US car manufacturer suffers from the countrys unstable currency. Effective December 31, figures from the companys results from Venezuela will not be included in Fords financial reports, marking it as the first of the companys […]
Read moreJanuary 25, 2015 8:43 am
Gold slid on Friday to mark its third consecutive weekly increase and although the gain was not as impressive as last weeks 5%, it outlined continued investor interest towards the metal. Comex gold for delivery in February fell 0.62% to $1 292.6 per troy ounce, settling 1.23% higher for the week. The precious metal slid […]
Read moreJanuary 24, 2015 1:16 pm
Adidas AG announced on Friday the sale of its Rockport shoe business to a joint-venture of rival New Balance Athletic Shoe as the company shifts focus towards its core brands. New Balance and private-equity firm Berkshire Partners have created a new entity with the intention to purchase Rockport and merge it with New Balances existing […]
Read moreJanuary 24, 2015 8:15 am
United Parcel Service Inc announced on Friday its fourth-quarter results were hit by higher costs and lower demand during the year-end holidays. The worlds biggest parcel delivery company, said it had spent too much on its efforts to avoid the situation in late 2013. At that time the Atlanta-based company said last-minute orders were higher […]
Read moreJanuary 24, 2015 7:52 am
Friday’s trade saw EUR/JPY within the range of 130.89-135.10. The daily low has also been the lowest level since September 6th 2013, when a low of 129.86 was recorded. The pair closed at 132.00, losing 1.98% on a daily basis. The cross fell 3.01% for the whole week, which marked a fourth consecutive weekly loss. […]
Read moreJanuary 23, 2015 3:46 pm
McDonalds Corp, the worlds biggest restaurant chain, stated smaller-than-anticipated drop in same-store US sales and said it would open less restaurants amid falling earnings. Sales at locations open at least 13 months slid 0.9% during the quarter ended December 31, including a 1.7% drop in comparable sales in the US. On average analysts had projected […]
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