November 19, 2014 2:28 pm
Royal Mail Plc reported a decreased first-half profit and alerted that Amazon.coms move to create its own delivery network will reduce the parcel market for other carriers. The British postal service hoped its parcel division will drive future growth, however parcel revenues slid 1%, despite the 2% increase in volumes in the six months ended […]
Read moreNovember 19, 2014 2:25 pm
Maersk Line, the largest operating unit of AP Moeller Maersk A/S, introduced a plan to cut unprofitable long-term contracts and increase its shipping rate. “We need to be more disciplined in pushing the general rate increase to make sure it is sustainable” said Silvia Ding, head of South China operations. She also mentioned that the […]
Read moreNovember 19, 2014 2:22 pm
Areva SAs shares plunged to levels untouched in nearly 16 years after the French nuclear group abandoned its financial targets for the next two years. The company, 87% owned by the French state, dropped its financial targets for 2015 and 2016, blaming delays of its Finnish Olkiluoto 3 nuclear project, the later than expected restart […]
Read moreNovember 19, 2014 9:39 am
Samsung Heavy Industries called off a merger with Samsung Engineering that would have helped them compete better against European rivals. The worlds third-largest ship builder scrapped a merger with Samsungs engineering unit, due to requests of share buybacks from investors. Under South Korean regulations, a merger could be canceled by a company should the requested […]
Read moreNovember 19, 2014 9:03 am
Yesterday’s trade saw USD/BRL within the range of 2.5815-2.6082. The pair closed at 2.5825, losing 0.98% on a daily basis. At 9:00 GMT today USD/BRL was unchanged for the day to trade at 2.5825. The pair touched a daily high at 2.5880 during early Asian trade. Fundamentals United States Building permits and Housing starts The […]
Read moreNovember 19, 2014 8:29 am
Yesterday’s trade saw USD/RUB within the range of 46.575-47.258. The pair closed at 46.908, losing 0.45% on a daily basis. At 8:25 GMT today USD/RUB was up 0.34% for the day to trade at 47.033. The pair broke the first key daily resistance level and touched a daily high at 47.444 at 4:20 GMT. USD/RUB […]
Read moreNovember 19, 2014 8:15 am
French financial prosecutors opened a preliminary probe into suspected insider trading at BNP Paribas SA. This would be a second hit for Frances biggest bank by market capitalization, which earlier this year was fined $8.9 billion for US trade sanctions violations. The investigation was launched by the “le parquet national financier” led by Eliane Houlette. […]
Read moreNovember 19, 2014 8:15 am
Yesterday’s trade saw GBP/SEK within the range of 11.5040-11.6411. The pair closed at 11.5225, losing 0.94% on a daily basis. At 8:12 GMT today GBP/SEK was up 0.02% for the day to trade at 11.5243. The pair touched a daily high at 11.5509 during early Asian trade. Fundamentals United Kingdom Bank of England minutes At […]
Read moreNovember 19, 2014 8:01 am
Yesterday’s trade saw GBP/USD within the range of 1.5627-1.5681. The pair closed at 1.5634, losing 0.04% on a daily basis. At 7:58 GMT today GBP/USD was down 0.11% for the day to trade at 1.5615. The pair broke the first key daily support level and touched a daily low at 1.5599 at 3:15 GMT. Fundamentals […]
Read moreNovember 19, 2014 7:43 am
Yesterday’s trade saw EUR/USD within the range of 1.2441-1.2546. The pair closed at 1.2537, gaining 0.70% on a daily basis. At 7:37 GMT today EUR/USD was down 0.10% for the day to trade at 1.2520. The pair touched a daily low at 1.2512 at 3:05 GMT. Fundamentals Euro zone Euro zone Current account The surplus […]
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