December 12, 2014 1:00 pm
United Technologies Corp announced lower forecast for 2015, as the new CEO considers the value of existing business and the possibility of acquisitions. After the unannounced departure of Louis Chenevert, Greg Hayes took over as the new CEO of United Technologies. Following his appointment, Mr. Hayes admitted that investor returns had “not been very good” […]
Read moreDecember 12, 2014 10:08 am
Natural gas increased for a third time this week on Friday, despite bearish EIA report, as forecasts predict Cold Canadian air will flow into the US. Natural gas for delivery in January gained 1.62% to $3.693 per million British thermal units by 9:55 GMT. Prices held in a daily range between $3.775 and $3.614. The […]
Read moreDecember 12, 2014 8:56 am
Gold fell on Friday as strong US economic data lifted the dollar, boosting the possibility of earlier rate hike, and offset increasing Chinese demand. Comex gold for delivery in February dropped 0.17% to $1 223.5 per troy ounce by 08:43 GMT, having shifted in a daily range of $1 233.4-$1 216.4 an ounce. The precious […]
Read moreDecember 12, 2014 8:31 am
Yesterday’s trade saw USD/MXN within the range of 14.4923-14.8125. The pair closed at 14.7774, surging 1.54% on a daily basis. At 8:28 GMT today USD/MXN was down 0.03% for the day to trade at 14.7745. The pair touched a daily low at 14.7609. Fundamentals United States Producer Prices United States’ annualized producer price inflation probably […]
Read moreDecember 12, 2014 8:03 am
Both Brent and West Texas Intermediate fell on Friday, marking its fourth decline within five trading sessions and headed for its 10th weekly decrease as major OPEC members offered discounts for their crude. January US crude fell 1.12% on Friday to $59.28 per barrel by 07:56 GMT. Prices held in a daily range between $61.68 […]
Read moreDecember 12, 2014 7:52 am
Yesterday’s trade saw USD/CHF within the range of 0.9627-0.9710. The pair closed at 0.9677, gaining 0.18% on a daily basis. At 7:50 GMT today USD/CHF was up 0.12% for the day to trade at 0.9688. The pair touched a daily high at 0.9699. Fundamentals United States Producer Prices United States’ annualized producer price inflation probably […]
Read moreDecember 12, 2014 7:38 am
Yesterday’s trade saw EUR/HKD within the range of 9.5886-9.6854. The pair closed at 9.6213, losing 0.26% on a daily basis. At 7:27 GMT today EUR/HKD was down 0.13% for the day to trade at 9.6066. The pair touched a daily low at 9.6013. Fundamentals Euro zone French Current account The deficit on Frances current account […]
Read moreDecember 12, 2014 7:16 am
Yesterday’s trade saw EUR/GBP within the range of 0.7878-0.7954. The pair closed at 0.7889, losing 0.36% on a daily basis. At 7:14 GMT today EUR/GBP was down 0.11% for the day to trade at 0.7877. The pair touched a daily low at 0.7874. Fundamentals Euro zone French Current account The deficit on Frances current account […]
Read moreDecember 11, 2014 3:25 pm
RadioShack Corp announced a cost-cutting plan as the struggling electronics retailer reported its eleventh consecutive quarterly loss. “We have begun a detailed set of cost reduction initiatives designed to enhance earnings by over $400 million annually,” said CEO Joseph Magnacca. Those cost cuts will be related to the companys headquarters, field, stores, store support, store […]
Read moreDecember 11, 2014 1:45 pm
Zara store owner Industria de Diseño Textil SA, the worlds biggest clothing retailer, reported on Thursday profit and sales above expectations for the first nine months of the year. The Arteixo, Spain-based retailer said that net income increased to €1.69 billion during the period between February 1 and October 31, slightly up from the €1.67 […]
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