January 19, 2015 9:39 am
Google Inc is in talks to purchase troubled mobile-payments company Softcard as the technology giants seeks ways to compete with Apple Pay. According to people familiar with the matter, the search company may pay up to $100 million in order to acquire the payment service. Jointly owned by AT&T, Verizon and T-Mobile, the company was […]
Read moreJanuary 19, 2015 8:59 am
Gold held near the highest in four months on Monday as investors sought safety in the metal amid volatile markets and ahead of the European Central Banks policy meeting. Comex gold for delivery in February was down 0.02% at $1 276.6 per troy ounce at 08:26 GMT, shifting in a daily range of $1 282.0 […]
Read moreJanuary 19, 2015 8:47 am
Friday’s trade saw USD/CAD within the range of 1.1946-1.2046. The daily high has also been the highest level since April 29th 2009. The pair closed at 1.1985, gaining 0.21% on a daily basis. At 8:32 GMT today USD/CAD was down 0.10% for the day to trade at 1.1963. The pair touched a daily low at […]
Read moreJanuary 19, 2015 8:26 am
Friday’s trade saw EUR/CAD within the range of 1.3749-1.3965. The daily low has also been the lowest level since September 18th 2013. The pair closed at 1.3865, losing 0.32% on a daily basis. At 8:22 GMT today EUR/CAD was down 0.18% for the day to trade at 1.3839. The pair touched a daily low at […]
Read moreJanuary 19, 2015 7:49 am
Friday’s trade saw EUR/GBP within the range of 0.7592-0.7675. The daily low has also been the lowest level in almost two years. The pair closed at 0.7636, losing 0.27% on a daily basis, which marked a fifth consecutive drop. At 7:42 GMT today EUR/GBP was up 0.18% for the day to trade at 0.7649. The […]
Read moreJanuary 18, 2015 1:11 pm
Friday’s trade saw USD/JPY within the range of 115.82-117.78. The daily low has also been the lowest level since December 16th. The pair closed at 117.64, gaining 1.21% on a daily basis. USD/JPY lost 0.75% for the whole week, which marked a second consecutive weekly drop. On Monday (December 19th) the cross may be influenced […]
Read moreJanuary 17, 2015 11:51 am
Friday’s trade saw CHF/JPY within the range of 132.32-138.99. The pair closed at 137.19, gaining 1.36% on a daily basis and 17.39% for the whole week. On Thursday the cross soared to the highest level on record at 157.48. On Monday (January 19th) CHF/JPY may be influenced by a number of fundamentals as listed below. […]
Read moreJanuary 16, 2015 3:49 pm
Best Buy Co projected on Thursday that sales will take a hit by lower consumer interest towards electronics amid falling prices during the first two quarters of the financial year. The largest US consumer electronics chain said it expects same-store sales growth to be flat to negative low-single digit over the next six months and […]
Read moreJanuary 16, 2015 2:05 pm
BP Plc faces a maximum fine of $13.7 billion over its 2010 oil spill in the Gulf of Mexico after a US court ruled that 3.19 million barrels of oil leaked into the ocean. The government had estimated that 4.2 million barrels leaked into the Gulf of Mexico during the worst offshore spill in US […]
Read moreJanuary 16, 2015 12:12 pm
Hyundai Motor won a wage dispute over extra employee payments that could have resulted in more than 1 billion additional expense annually. Twenty-three union workers, representing all of the companys South Korean employees, launched a lawsuit in March 2013 against Hyundai and demanded that the company lift their payments in line with a Supreme Court […]
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