January 7, 2015 3:38 pm
J. Sainsbury Plc reported better-than-expected holiday results, but still continued to lose market share to discounters as the British retailer stated a 1.7% decline in sales. Despite marking one of its worst holiday performances, Sainsbury still reported results above analysts expectations of 2.5% to 4.4% drop in same-store sales during the 14 weeks to 3 […]
Read moreJanuary 7, 2015 1:42 pm
Audio-equipment maker Monster launched a lawsuit against Apple-owned Beats Electronics and the Taiwanese smartphone manufacturer HTC over alleged “fraud and deceit”. Monster and Beats teamed-up in 2008 and developed the “Beats by Dr. Dre” brand, a line of high-priced, high-tech audio devices. The Beats products have enjoyed high demand from teenagers and celebrities ever since. […]
Read moreJanuary 7, 2015 10:46 am
J.C. Penney Company Inc reported better-than-expected holiday sales late Tuesday, boosting its shares to levels unseen since last November. The department store operator stated same-store sales increase of 3.7% during the nine weeks of November and December. The strong holiday results also boosted the companys confidence in its quarterly performance. J.C. Penney said it now […]
Read moreJanuary 7, 2015 9:33 am
Natural gas gained for a second consecutive session on Wednesday as forecasting agencies projected temperatures to reach below zero over some US regions, but extended forecasts showing seasonal readings across the majority of the country capped gains. Natural gas for delivery in February traded 0.27% higher at $2.946 per million British thermal units at 9:05 […]
Read moreJanuary 7, 2015 8:45 am
Gold fell on Wednesday, ending three days of gains, but traded near a three-week high as investors took shelter in the precious metal amid plunging oil and equity prices. Comex gold for delivery in February dropped 0.43% to $1 214.2 per troy ounce by 08:22 GMT, having shifted in a daily range of $1 219.4 […]
Read moreJanuary 7, 2015 8:16 am
Yesterday’s trade saw USD/JPY within the range of 118.04-119.64. The daily low has been the lowest level since December 17th. The pair closed at 118.41, losing 1.03% on a daily basis. At 8:13 GMT today USD/JPY was up 0.56% for the day to trade at 119.11. The pair touched a daily high at 119.25 at […]
Read moreJanuary 7, 2015 7:46 am
Yesterday’s trade saw USD/CAD within the range of 1.1731-1.1840. The pair closed at 1.1836, gaining 0.63% on a daily basis. At 7:44 GMT today USD/CAD was down 0.04% for the day to trade at 1.1830. The pair touched a daily low at 1.1823. Fundamentals United States Change in employment Employers in the US non-farm private […]
Read moreJanuary 7, 2015 7:25 am
Yesterday’s trade saw EUR/USD within the range of 1.1883-1.1969. The pair closed at 1.1889, losing 0.37% on a daily basis. At 7:21 GMT today EUR/USD was down 0.10% for the day to trade at 1.1878. The pair broke the first key daily and the first key weekly support levels and touched a daily low at […]
Read moreJanuary 7, 2015 7:13 am
Yesterday’s trade saw EUR/GBP within the range of 0.7820-0.7874. The pair closed at 0.7847, gaining 0.31% on a daily basis. At 7:11 GMT today EUR/GBP was down 0.07% for the day to trade at 0.7840. The pair touched a daily low at 0.7828. Fundamentals Euro zone German unemployment The number of the unemployed people in […]
Read moreJanuary 6, 2015 4:11 pm
Johnson & Johnson began trials of its experimental Ebola vaccine in the UK and said it was prepared to produce up to 5 million doses if required. The New Jersey-based company said in a statement that it has started Phase 1 of its clinical human testing and the first group of volunteers have received the […]
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