April 15, 2014 9:28 am
The global liquor giant Diageo Plc, which is based in the U.K. and is also known as the maker of Johnnie Walker scotch and Smirnoff vodka revealed in an e-mailed statement today that it offered to acquire a 26% stake in United Spirits Ltd for 3 030 rupees a share. The overall price of the […]
Read moreApril 15, 2014 9:18 am
Infosys Ltd, the second-largest exporter of software services in India, made an official statement today, projecting that its dollar-denominated revenue will increase from 7 to 9% for the 12 months that started on April 1st. The full-year sales growth forecast of the company surpassed the median analysts estimate of an increase between 6 and 8.3%. […]
Read moreApril 15, 2014 9:12 am
The largest food company in the world – Nestle SA – made a statement today, revealing its worst first-quarter sales growth since 2009. The company announced that its sales increased by 4.2% excluding acquisitions, divestments and currency shifts in the first quarter of the current financial year. The result matched the median analyst forecast and […]
Read moreApril 15, 2014 6:32 am
Google Inc. made an official statement, revealing that it has acquired the start-up Titan Aerospace, which is known for specializing in high-altitude drones powered by solar light. Purchasing Titan Aerospace would expand the companys reach all over the world providing it with access to a vast range of data services. Google said that the new […]
Read moreApril 14, 2014 2:58 pm
The US chip manufacturer Intel Corp., is to become more focused on Chinese tablet makers in an attempt to escape a slump it was currently facing, amid slowing sales in the PC market. The idea of the Chief Executive Officer of the company – Mr. Brian Krzanich is to shift the focus from the currently […]
Read moreApril 14, 2014 1:26 pm
The pound declined for a third day against the US dollar, after official data showed US retail sales rose more than expected last month, adding to evidence the US economic recovery is gaining traction. GBP/USD hit a session low at 1.6697 at 12:35 GMT, after which consolidation followed at 1.6715, losing 0.1% for the day. […]
Read moreApril 14, 2014 12:58 pm
The biggest property developer by market value in South-East Asia – CapitaLand Ltd made an official announcement that it intends to buy the rest of its mall unit. The company revealed that it made an offer of 3.06 billion Singapore dollars (2.4 billion dollars), or 2.22 Singapore dollars per share for CapitaMalls Asia. CapitaLand is […]
Read moreApril 14, 2014 12:11 pm
The European unit of General Motors Co. – Adam Opel AG, which has been the largest problem of the company for years, seems to be close to breaking even before the predetermined schedule in 2016. The Chief Executive Officer of General Motors Co., Mary Barra felt relieved after announcing the news, as the company is […]
Read moreApril 14, 2014 11:27 am
The euro retreated from the strongest level in more than three weeks against the US dollar, after European Central Bank President said euro’s strength “requires further monetary stimulus.” EUR/USD hit a session low at 1.3816 at 09:00 GMT, after which consolidation followed at 1.3824, losing 0.44% on a daily basis. Support was likely to be […]
Read moreApril 14, 2014 11:22 am
During Friday’s trading session EUR/GBP traded within the range of 0.8277-0.8310 and closed at 0.8299. At 07:16 GMT today EUR/GBP was losing 0.24% for the day to trade at 0.8280. The pair touched a daily low at 0.8270 at 06:35 GMT, breaching the first support level. Fundamental view Industrial production in the euro zone probably rose […]
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