August 1, 2014 8:26 am
Britains blue-chip index edged lower on Friday after US equity markets suffered their worst performance in half a year on Thursday ahead of US employment data that may signal an early end to Feds equity-friendly monetary policy. The FTSE 100 index fell by 0.98%, or 65.81 points, to 6 664.30 points by 8:18 GMT, having […]
Read moreAugust 1, 2014 7:37 am
Société Générale SA, Frances second-largest bank by market value, opened slightly higher today in Paris, after reporting robust quarterly earnings, showcasing a drop in revenue was offset by sharply lower costs of risk, allowing for a rise in profit. The groups income for the second quarter of 2014 was 3.7% lower on an annual basis […]
Read moreJuly 31, 2014 2:30 pm
BNP Paribas SA, Frances largest listed bank, posted its second ever quarterly net loss today, reflecting a record US fine, to which BNP agreed earlier this year. The French lender is the latest in a number of banks to report the impact of US justice on their performance. Revenue for the second quarter of 2014 […]
Read moreJuly 31, 2014 1:16 pm
Tesla Motors has been in a resilient bull trend since March 2013, as the most prominent swing high was registered in February 2014 ($265.00). A pullback followed and was completed in May, after which the major trend resumed. Confirmation was provided by the perfect order of the three Exponential Moving Averages (with their periods set […]
Read moreJuly 31, 2014 11:24 am
Sony Corp. posted quarterly earnings today, revealing income was significantly boosted by its bestseller PlayStation 4 gaming console. Successful movies also added to revenue, while the company still projected a net loss through years end. Revenue for the three months ended June 30 were logged at ¥1.809 trillion (about $17.74 billion), up 5.8% on an […]
Read moreJuly 31, 2014 11:18 am
Tesla Motors Inc. signed a deal with Panasonic Corp. to start a joint battery venture, in which Tesla will invest up to $2 billion. Panasonic, which is the main supplier of lithium-ion cells for Tesla electric cars and owner of 1.1% share in the American company, did not disclose any financial terms of the deal. […]
Read moreJuly 31, 2014 9:48 am
Britains headline index swung between gains and losses on Thursday as investors digested an extensive list of blue-chip earnings reports. Market players also eyed the remaining key economic data for the week from Europe and the United States to assess the global economys recovery prospects. FTSE 100 stood at 6 757.30 points at 9:39 GMT, […]
Read moreJuly 31, 2014 7:53 am
Samsung Electronics Co Ltd, the worlds largest smartphone manufacturer, posted Q2 earnings today, revealing a slump in sales and profit for its phone division, dragging the overall performance down, despite a significant improvement for other units. The South Korean giant reported the worst net profit in two years at 6.25 trillion won (about $6.1 billion), […]
Read moreJuly 30, 2014 2:49 pm
Carlyle Group LP, the world’s second-largest investment manager, posted Q2 earnings today, to reveal it has doubled income on an annual basis and has gained value in assets, despite big sales. The company logged a net income of $318 million, up 103.84% from a year ago, as a stock market rally allowed for a profitable […]
Read moreJuly 30, 2014 2:14 pm
Japanese video game maker Nintendo reported a worse-than-expected first-quarter operating loss as the companys Wii U console struggled to keep up with its competitors from Sony and Microsoft, as well as the fast-developing mobile gaming segment. Nintendo reported that sales fell by 8.4% on an annual basis in the three months through June to 74.7 […]
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