January 14, 2015 8:20 am
Canadas Goldcorp Inc, the biggest gold miner by market value, warned late Monday that it might take an impairment charge of up to $2.7 billion on its Cerro Negro mine in Argentina due to unfavorable fiscal conditions in the country. The Vancouver-based company said the post-tax asset write-down would be recorded in the fourth quarter, […]
Read moreJanuary 14, 2015 8:08 am
Yesterday’s trade saw EUR/USD within the range of 1.1752-1.1860. The daily low has also been the lowest level since December 8th 2005. The pair closed at 1.1772, losing 0.52% on a daily basis, which marked a second consecutive daily drop. At 8:02 GMT today EUR/USD was up 0.09% for the day to trade at 1.1784. […]
Read moreJanuary 14, 2015 8:06 am
Gold slipped on Wednesday to trade close a 12-week high as a drop in commodities pressured the yellow metal, despite the threat of a US rate hike and weakness in global growth. Comex gold for delivery in February dropped 0.32% to $1 230.5 per troy ounce by 07:48 GMT, shifting in a daily range of […]
Read moreJanuary 14, 2015 7:43 am
Yesterday’s trade saw EUR/JPY within the range of 138.27-140.51. The pair closed at 138.84, losing 0.86% on a daily basis, which marked the fourth consecutive daily loss. At 7:36 GMT today EUR/JPY was down 0.53% for the day to trade at 138.08. The pair touched a daily low at 137.65 at 6:50 GMT, or the […]
Read moreJanuary 14, 2015 7:20 am
Yesterday’s trade saw EUR/GBP within the range of 0.7753-0.7831. The pair closed at 0.7766, losing 0.42% on a daily basis. At 7:17 GMT today EUR/GBP was up 0.11% for the day to trade at 0.7774. The pair touched a daily high at 0.7782 at 6:45 GMT. Fundamentals Euro zone French consumer inflation The annualized consumer […]
Read moreJanuary 13, 2015 3:00 pm
United Continental Holdings said on Monday that it was considering to outsource as many as 2 000 jobs across US airports as a part of a cost-cutting plan. The Chicago-based company said that the move will affect around 28 airports, including Atlanta, Miami, St. Louis and West Palm Beach, and it will target workers involved […]
Read moreJanuary 13, 2015 1:07 pm
General Motors Co unveiled on Monday the concept of its new plug-in Chevrolet Bolt, marking the companys push into the electric vehicle market. The vehicle is different for GMs Chevrolet Volt as it does not future a gasoline generator to extend travel range. The all-electric car has a 200-mile range on a single charge, a […]
Read moreJanuary 13, 2015 11:43 am
Natural gas recovered the better half of its losses on Tuesday after the energy source dropped yesterday to its lowest in more than two years. Natural gas for delivery in February traded 3.33% higher at $2.888 per million British thermal units at 11:22 GMT, having shifted in a daily range of $2.911-$2.795. The energy source […]
Read moreJanuary 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 […]
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