January 4, 2015 1:10 pm
Italian businessman Andrea Bonomi announced on Friday that he is backing down from the bid war for control over the resort operator, ending the longest takeover battle in French history. Global Resorts, controlled by Mr. Bonomi, officially gave up on the 18-month bid war with the Chinese group Fosun International, five days ahead of the […]
Read moreJanuary 4, 2015 10:37 am
Friday’s trade saw EUR/USD within the range of 1.1999-1.2110. The daily low has been the lowest level since June 10th 2010. The pair closed at 1.2003, losing 0.83% on a daily basis and 1.42% for the whole week. On Monday (December 5th) the cross may be influenced by a number of fundamentals, as listed below. […]
Read moreJanuary 3, 2015 5:18 pm
Friday’s trade saw EUR/GBP within the range of 0.7742-0.7835. The daily low has been the lowest level in more than two years. The pair closed at 0.7831, gaining 0.58% on a daily basis and 0.05% for the whole week. On Monday (December 5th) the cross may be influenced by a number of fundamentals, as listed […]
Read moreJanuary 3, 2015 4:42 pm
The UK claims processor Quindell PLC said on Friday is considering a division sale as an attempt to generate more cash. “The group is in early discussions with a range of parties interested in exploring possible transactions with the group relating to a number of its operating businesses,” the company said in a statement. However, […]
Read moreJanuary 2, 2015 12:09 pm
Novartis AG announced on Thursday it had completed the $5.4-billion sale of its animal-health division to Eli Lilly & Co. The closing of the deal is in line with the April-announced plan of the Basel-based drug giant to focus Novartis effort on its three leading businesses of global scale: innovative pharmaceuticals, eye care, and generics. […]
Read moreJanuary 2, 2015 11:02 am
Yesterday’s trade saw USD/CAD within the range of 1.1609-1.1624. The pair closed at 1.1617, losing 0.03% on a daily basis. At 10:57 GMT today USD/CAD was up 0.34% for the day to trade at 1.1658. The pair broke all three key daily resistances and touched a daily high at 1.1667 at 10:30 GMT. So far […]
Read moreJanuary 1, 2015 3:11 pm
Samsung Electronics Co, the worlds largest TV manufacturer, announced on Thursday that its self-developed Tizen operating system will be largely implemented in its television sets starting 2015. Samsung has been working with Inter Corp. for years over the creation of the operating system, which was initially intended to work on smartphones and replace Google Incs […]
Read moreDecember 31, 2014 3:45 pm
US dollar was set to register a third year of gains in a row against the Japanese yen, driven by speculations that the Federal Reserve Bank will probably introduce a rate hike in 2015, while the Bank of Japan will probably ease policy further. At 15:14 GMT today USD/JPY was losing 0.02% on a daily […]
Read moreDecember 31, 2014 12:04 pm
BMW AG faces difficulties to maintain a healthy relationship with its China dealers as more car distributors threaten to not purchase any new vehicles unless the German auto giant decrease its sales target and offer subsidies. According to executives at two BMW dealerships, the car sellers will stop taking BMW vehicles starting as early as […]
Read moreDecember 30, 2014 3:17 pm
In a regulatory filling on Monday Shake Shack Inc said it is looking to raise a place holder amount of $100 million, more than 10 years after the restaurateur Danny Meyer opened its first location in New York. The company has gone a long way since Mr. Meyer set up a single hog dog cart […]
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