January 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 […]
Read moreJanuary 26, 2015 9:32 am
Two European pension funds wrote a letter for Oracle Corp, including concerns over the companys compensation structure and the boards inability to communicate with shareholders. Else Bos and Chris Hitchen, CEOs of Netherlands PGGM N.V. and Railways Pension Trustee Company Ltd, one of the biggest pension funds in the UK, respectively, have requested a meeting […]
Read moreJanuary 26, 2015 9:05 am
Friday’s trade saw USD/MXN within the range of 14.6042-14.7382. The pair closed at 14.6530, gaining 0.15% on a daily basis. At 9:02 GMT today USD/MXN was up 0.28% for the day to trade at 14.6899. The pair touched a daily high at 14.6957 during early Asian trade. Fundamentals Mexico Retail sales Mexican index of retail […]
Read moreJanuary 26, 2015 8:35 am
Gold steadied around a five-month high on Monday after the Greek vote showed a decisive win for the anti-austerity party Syriza, prompting investors to seek the safety of the metal. Comex gold for delivery in February traded at $1 287.7 per troy ounce at 08:10 GMT, down 0.38% for the day, shifting in a daily […]
Read moreJanuary 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 […]
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