January 13, 2015 9:30 am
A group of second-lien bondholders of Caesars Entertainment Corp are trying to push the casinos core operating unit into bankruptcy after it failed to deliver interest payments. In December Caesars Entertainment Operating Co defaulted on $225 million in interests due on $4.5 billion in second-lien notes. The move prompted the group, including Oaktree Capital Management, […]
Read moreJanuary 13, 2015 8:41 am
Gold gained for a third session on Tuesday to reach its highest in twelve weeks as investors sought safety in the metal amid plunging oil prices and weakness in equity markets. Comex gold for delivery in February climbed 0.84% to $1 243.1 per troy ounce by 08:10 GMT, having earlier risen to $1 243.1, the […]
Read moreJanuary 13, 2015 8:37 am
Yesterday’s trade saw USD/CAD within the range of 1.1832-1.1975. The pair closed at 1.1974, gaining 1.10% on a daily basis. At 8:33 GMT today USD/CAD was unchanged for the day to trade at 1.1974. The pair broke the first key weekly resistance and touched a daily high at 1.1980 at 7:30 GMT. Fundamentals United States […]
Read moreJanuary 13, 2015 8:16 am
Yesterday’s trade saw EUR/SEK within the range of 9.5081-9.5958. The daily high has also been the highest level since December 29th. The pair closed at 9.5547, gaining 0.18% on a daily basis. At 8:11 GMT today EUR/SEK was up 0.08% for the day to trade at 9.5602. The pair touched a daily high at 9.5737 […]
Read moreJanuary 13, 2015 7:55 am
Yesterday’s trade saw EUR/USD within the range of 1.1785-1.1871. The pair closed at 1.1834, losing 0.30% on a daily basis. At 7:37 GMT today EUR/USD was up 0.14% for the day to trade at 1.1849. The pair touched a daily high at 1.1860 at 3:05 GMT. Fundamentals Euro zone Italian industrial output Annualized industrial production […]
Read moreJanuary 13, 2015 7:17 am
Yesterday’s trade saw EUR/GBP within the range of 0.7783-0.7832. The pair closed at 0.7799, losing 0.20% on a daily basis. At 7:15 GMT today EUR/GBP was up 0.13% for the day to trade at 0.7810. The pair touched a daily high at 0.7812 at 7:16 GMT. Fundamentals Euro zone Italian industrial output Annualized industrial production […]
Read moreJanuary 12, 2015 3:10 pm
Discount retailer Family Dollar asked its shareholders on Monday to vote in favor of the $8.5 billion takeover offer from smaller rival Dollar Tree, despite the higher bid from Dollar General. In a letter to shareholders, Family dollar said that Dollar General’s offer is unlikely to get approved by the Federal Trade Commission, while the […]
Read moreJanuary 12, 2015 1:07 pm
US solar power developer SunEdinson plans to create Indias largest solar-panel facility in a joint venture with domestic conglomerate Adani Enterprises. The factory will be located in the western state of Gujarat and the two parties will invest as much as $4 billion in the building process. The project is estimated to be completed by […]
Read moreJanuary 12, 2015 10:40 am
Roche Holding AG agreed to acquire a majority stake in Foundation Medicine Inc for more than $1 billion, increasing its presence in cancer treatment. The Swiss drugmaker said on Monday that it will enter a strategic collaboration with Foundation by purchasing as much as 56.3% in the Cambridge, Massachusetts-based company. Roche will initiate a tender […]
Read moreJanuary 12, 2015 9:13 am
Natural gas dropped on Monday, snapping two days of gains, as forecasting agencies projected close to or above-seasonal readings late this week. Natural gas for delivery in February traded 2.68% lower at $2.867 per million British thermal units at 8:58 GMT, having shifted in a daily range of $2.934-$2.865. The energy source edged up 0.65% […]
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