January 27, 2015 9:32 am
Microsoft Corp announced on Monday disappointing results from its core products as the technology giant shifts it focus to cloud computing. The company reported a 114% revenue increase in its commercial cloud business during the second financial quarter, boosted by strong performance of Office 365, which scored a quarter-on-quarter gain of 30% in subscribers to […]
Read moreJanuary 27, 2015 8:37 am
Gold was little changed on Tuesday after two days of declines amid speculations that the Federal Reserve will not initiate an interest rate hike at its upcoming policy meeting, despite a stronger US economy. Comex gold for delivery in February slid 0.04% to $1 278.9 per troy ounce by 08:18 GMT, shifting in a daily […]
Read moreJanuary 27, 2015 8:14 am
Yesterday’s trade saw USD/CAD within the range of 1.2400-1.2492. The pair closed at 1.2475, gaining 0.13% on a daily basis. At 8:08 GMT today USD/CAD was up 0.01% for the day to trade at 1.2475. The pair touched a daily high at 1.2494 at 3:15 GMT. The daily high has also been the highest level […]
Read moreJanuary 27, 2015 7:57 am
Yesterday’s trade saw EUR/USD within the range of 1.1098-1.1297. 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 1.1239, gaining 0.87% on a daily basis. At 7:52 GMT today EUR/USD was up 0.10% for the day to trade at 1.1248. […]
Read moreJanuary 27, 2015 7:37 am
Yesterday’s trade saw EUR/SEK within the range of 9.2962-9.3687. The pair closed at 9.3306, gaining 0.21% on a daily basis. At 7:32 GMT today EUR/SEK was down 0.14% for the day to trade at 9.3269. The pair touched a daily low at 9.3224 at 7:20 GMT. Fundamentals Sweden Balance of trade Swedens balance of trade […]
Read moreJanuary 27, 2015 7:19 am
Yesterday’s trade saw EUR/GBP within the range of 0.7402-0.7508. The daily low has also been the lowest level since February 2008. The pair closed at 0.7453, gaining 0.28% on a daily basis. At 7:14 GMT today EUR/GBP was down 0.04% for the day to trade at 0.7451. The pair touched a daily low at 0.7436 […]
Read moreJanuary 26, 2015 4:03 pm
AT&T announced on Monday it had agreed to acquire bankrupt NII Holdings Nextel in a $1.88 billion deal as the second-largest US mobile-phone operator pushes further into the Mexican market. Under the deal AT&T will obtain all of NIIs properties in Mexico, including spectrum licenses, network assets and retail stores, AT&T said in statement. However, […]
Read moreJanuary 26, 2015 2:28 pm
Japanese trading house Marubeni Corp reduced its full-year net profit projections by a half on Monday citing write-downs caused by plunging commodities prices. Japans fifth-largest trading company said it now expects net profit for the financial year ending March 31 to stand at ¥110 billion, half of what it had initially projected last May. Marubeni […]
Read moreJanuary 26, 2015 1:00 pm
Axis Capital Holdings and PartnerRe announced on Sunday they have reached a $11-billion merger agreement to form one of the worlds biggest reinsurers. The new entity will rank within top five of the worlds largest reinsurers, with over $10 billion in gross premiums and $33 billion of invested assets and cash. The company would compete […]
Read moreJanuary 26, 2015 11:07 am
Aer Lingus Group Plc is weighting a higher takeover offer from British Airways owner, valuing the Irish company at €1.36 billion. The Dublin-based company confirmed on Monday that International Airlines Group has made a third takeover proposal. The deal includes a cash payment of €2.50 per share and a dividend of €0.05 a share, IAGs […]
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