December 15, 2014 3:45 pm
Johnson Matthey PLC is selling its gold and silver refineries for £118 million as the company shifts its attention to its core chemicals and technology operations. Japan’s Asahi Holdings will take control over the plants in Salt Lake City, USA and Brampton in Canada, which employ around 340 people. Those facilities melt down old jewelry, […]
Read moreDecember 15, 2014 1:44 pm
Recall Holdings Ltd rejected a takeover approach from rival information storage company Iron Mountain and said the bid was undervalued. This is the latest Iron Mountain attempt at an acquisition, as both companies have been looking for opportunities to buy smaller rivals through the past year. Recalls board unanimously rejected the A$2.2 billion bid as […]
Read moreDecember 15, 2014 11:00 am
PetSmart Inc has agreed to be bought by a consortium led by Europes private equity firm BC Partners for $8.7 billion, in the largest leveraged buyout of the year. The consortium, including La Caisse de dépôt et placement du Québec and StepStone, will acquire PetSmart for $83 per share, or around 6.42% premium to the […]
Read moreDecember 15, 2014 9:35 am
Gold marked it fourth consecutive decline on Monday, after it reached its biggest weekly increase in two months as FED officials prepare to meet tomorrow. Comex gold for delivery in February dropped 0.80% to $1 212.7 per troy ounce by 09:06 GMT, having shifted in a daily range of $1 225.0-$1 210.8 an ounce. The […]
Read moreDecember 15, 2014 9:05 am
Friday’s trade saw GBP/USD within the range of 1.5692-1.5748. The pair closed at 1.5720, losing 0.08% on a daily basis. At 8:58 GMT today GBP/USD was up 0.02% for the day to trade at 1.5720. The pair touched a daily high at 1.5747 at 7:15 GMT. Fundamentals United Kingdom CBI Industrial Orders The gauge of […]
Read moreDecember 15, 2014 8:30 am
Friday’s trade saw EUR/GBP within the range of 0.7870-0.7943. The pair closed at 0.7927, gaining 0.47% on a daily basis. At 8:27 GMT today EUR/GBP was down 0.7910 0.24% for the day to trade at 0.7910. The pair touched a daily low at 0.7908 at 8:20 GMT. Fundamentals United Kingdom CBI Industrial Orders The gauge […]
Read moreDecember 15, 2014 8:11 am
Both WTI and Brent increased on Monday, despite the United Arab Emirates announcement that OPEC would not reduce its output even if prices go as low as $40 per barrel. January US crude gained 0.59% on Monday to $58.15 per barrel by 08:00 GMT. Prices held in a daily range between $58.73 and $56.25 a […]
Read moreDecember 15, 2014 8:02 am
Friday’s trade saw USD/JPY within the range of 118.03-119.22. The pair closed at 118.80, gaining 0.11% on a daily basis. At 7:52 GMT today USD/JPY was down 0.35% for the day to trade at 118.37. The pair broke the first key support level and touched a daily low at 117.78 during early Asian trade. Fundamentals […]
Read moreDecember 15, 2014 7:29 am
Friday’s trade saw USD/CHF within the range of 0.9616-0.9700. The pair closed at 0.9641, losing 0.42% on a daily basis. At 7:18 GMT today USD/CHF was down 0.03% for the day to trade at 0.9634, which is also the current daily low. Fundamentals United States New York Empire States Manufacturing data The New York Empire […]
Read moreDecember 14, 2014 9:14 am
Both WTI and Brent futures decreased on Friday, marking four out of five trading sessions of declines during the week, as the oil market remained oversupplied on discounts from OPECs top three. WTI crude for delivery in January on the New York Mercantile Exchange lost 3.57% on Friday to settle the week 12.20% lower at […]
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