November 5, 2014 9:36 am
Gold continued its downward trend for a sixth consecutive day, reaching the lowest in more than four years with no indication of stopping, as the US dollar strengthened further and assets in the SPDR Gold Trust slid. Comex gold for delivery in December traded at $1 147.5 per troy ounce at 9:18 GMT, down 1.73% […]
Read moreNovember 4, 2014 4:13 pm
Alibaba Group Holding Ltd reported second-quarter results above analysts expectations due to strong growth in its e-commerce operations. In its first report to investors, after the all-time-record $25-billion listing in September, the Chinese behemoth stated a 53.7% increase in sales to RMB 16.83 billion in the three months ended September 30th, compared to RMB 10.95 […]
Read moreNovember 4, 2014 2:29 pm
Hugo Boss AG warned that its full-year sales and operating profit will be lower than expected due to “substantial slowdown” in industry growth in Europe. The German luxury fashion house said it expects revenue to grow between 6% and 8% on a currency-adjusted basis this year, lower than its previous projection of a high single-digit […]
Read moreNovember 4, 2014 1:13 pm
Nissan Motor Co Ltd stated an increase in Q2 profit and overtook analysts expectations amid record sales in the United States which made up for slowing operations in China. Nissan reported a slight increase in operating profit of ¥139.34 billion for the second business quarter, compared to last years result of ¥113.8 billion, beating the […]
Read moreNovember 4, 2014 9:53 am
Natural gas retained previous gains and held firmly above $4 as forecasts warned about sub-freezing temperatures across the Midwest and Northeast. On the New York Mercantile Exchange, natural gas for delivery in December fell 0.17% to $4.039 per million British thermal units by 9:38 GMT. Prices ranged between $4.069 and $4.029. The contract edged up […]
Read moreNovember 4, 2014 8:51 am
Gold fell for the fifth consecutive day to trade near the lowest in more than 4 years amid expectations the Federal Reserve is considering raising lending costs sooner than projected. The metal is likely to drop even further as the U.S. dollar strengthened and technical analysis points towards taking bearish positions. Comex gold for delivery […]
Read moreNovember 3, 2014 4:22 pm
Laboratory Corporation of America Holdings, a major provider of healthcare diagnostic services, announced it has struck a cash and stock deal with Covance Inc. to add contract research services to its portfolio. LabCorp said the deal is valued at $105.12 per Covance share, which represents a 32% premium to the companys closing price on October […]
Read moreNovember 3, 2014 3:16 pm
Diageo PLC closed an asset swap deal with Casa Cuervo that would give the British liquor company ownership of the Don Julio tequila brand in exchange for its Bushmills whiskey label. The deal includes Casa Cuervos 50% share that Diageo doesnt already own of the tequila brand plus cash payment of $408 million for the […]
Read moreNovember 3, 2014 1:16 pm
HSBC Holdings PLC stated lower-than-expected third-quarter profit as it set aside provisions to cover any potential fees related to an ongoing investigation into manipulation of the currency market. Europes biggest bank by market capitalization set aside a $378-million provision to secure legal expenses as it tries to reach a settlement with the Financial Conduct Authority. […]
Read moreNovember 3, 2014 10:47 am
Natural gas kept gaining ground last week and extended its march on Monday as forecasts warned about sub-freezing temperatures across the Midwest and Northeast. On the New York Mercantile Exchange, natural gas for delivery in December gained 4.70% to $4.055 per million British thermal units by 10:26 GMT. Prices ranged between $4.065, the highest in […]
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