March 16, 2014 10:07 am
Emaar Properties PJSC (EMAAR), the company that built the highest skyscraper in the world, announced it projects to raise up to $2.45 billion in a public offering of a 25% stake in shopping malls and retail business. The builder is profiting from tourism and the boom in Dubai’s retail sector, while the number of visitors […]
Read moreMarch 15, 2014 7:43 pm
Australian dollar traded little changed against its US counterpart during the late phase of US session on Friday, as concerns that Chinese economy was slowing down and Crimea tensions urged market players to reduce their possessions of high-yielding assets, while the gauge of consumer confidence by Thomson Reuters and the University of Michigan regarding the […]
Read moreMarch 14, 2014 8:14 am
Australian dollar traded lower and was set to register a weekly loss against its US counterpart on Friday, as concerns that Chinese economy was slowing down and Crimea tensions urged investors to reduce their possessions of high-yielding assets, such as the Aussie. AUD/USD touched a session low at 0.8997 at 5:20 GMT, after which consolidation […]
Read moreMarch 13, 2014 8:14 am
Australian dollar rose against its US counterpart on trading Thursday, as a report showed the number of job positions, employers in Australia added, climbed over three times more compared to what was initially estimated, while the jobless rate remained steady in February. AUD/USD climbed to a session high at 0.9081 at 4:35 GMT, also the […]
Read moreMarch 12, 2014 8:00 am
Australian dollar retreated against its US counterpart on trading Wednesday, following data, that showed a gauge of consumer confidence in Australia weakened this month, while home lending in the country remained unchanged during January. AUD/USD touched a daily low at 0.8948 at 1:22 GMT, also the pairs lowest level since March 5th, after which consolidation […]
Read moreMarch 11, 2014 8:00 am
Australian dollar traded slightly higher against its US counterpart on Tuesday ahead of the report on employment change in Australia during February, scheduled to be published on March 13th. AUD/USD reached a session high at 0.9043 at 6:59 GMT, while at 7:16 GMT the pair was gaining 0.16% on a daily basis to trade at […]
Read moreMarch 10, 2014 8:02 am
Australian dollar lost ground against its US counterpart on trading Monday, after Chinas exports declined the most since 2009, while continuing tension on the Crimean peninsula triggered safe haven demand. AUD/USD touched a daily low at 0.9023 at 7:03 GMT, after which consolidation followed at 0.9027, falling 0.47% for the day. Support was likely to […]
Read moreMarch 9, 2014 10:18 am
Price of shares of Coupons.com (COUP), an online discounter based in Mountain View, California, almost doubled in their debut, after the company raised $168 million in an initial public offering (IPO), which was managed by Goldman Sachs Group Inc., Allen & Co., Bank of America Corp. and Royal Bank of Canada. The company makes money, […]
Read moreMarch 8, 2014 2:25 pm
Australian dollar came off fresh three-month highs against the US dollar on trading Friday, after official data revealed that employers in US non-farm sector added more jobs than initially projected in February. Having touched a new daily high at 0.9134 at 13:12 GMT, also the highest level since December 11th, AUD/USD lost ground to close […]
Read moreMarch 7, 2014 8:36 am
Australian dollar traded close to highs unseen in three months against its US counterpart on Friday and was poised for a weekly gain, following a series of optimistic economic data, released earlier in the week, while the Reserve Bank of Australia may consider a verbal intervention in order to curb further strength. AUD/USD rose to […]
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