July 18, 2013 11:49 am
US dollar traded higher against the Swiss franc on Thursday ahead of the US weekly jobless claims report, after market sentiment reflected the comments made by FED Chairman Ben Bernanke yesterday. USD/CHF hit a session high at 0.9451 at 7:10 GMT, the highest point since July 16th, after which consolidation followed at 0.9426. The pair […]
Read moreJuly 18, 2013 11:41 am
Grain futures were mixed on Thursday with wheat advancing, while soybeans declined and corn hit a one-week low. On the Chicago Board of Trade, corn futures for September delivery traded at $5.3425 a bushel at 11:23 GMT, down 0.73% on the day. Prices held in range between days high at $5.3663 and low of $5.3313 […]
Read moreJuly 18, 2013 11:22 am
IBM adjusted its operating profit forecast for the year after beating analysts’ earnings forecasts for the second quarter, but said that an asset sale was now unlikely before the end of 2013. Last three months, IBM said revenue fell 3.3% to $24.9 billion, missing analysts’ estimates of $25.4 billion for the second consecutive quarter, amid […]
Read moreJuly 18, 2013 7:18 am
U.S. stocks advance, after the Standard & Poor’s 500 Index broke an eight day streak of gains yesterday, as Federal Reserve Chairman Ben S. Bernanke said the central banks actions still depend on upcoming data. The S&P 500 jumped back 0.3% to 1,680.91 at 4 p.m. in New York, after falling from a record high […]
Read moreJuly 17, 2013 11:55 am
U.S. stock index futures were little changed as investors are focusing their attention on Federal Reserve Chairman Ben S. Bernanke’s testimony to Congress and as Bank of England officials dropped their calls for more bond purchases. Futures on the Standard & Poor’s 500 Index expiring in September change upward less than 0.1% to 1,671.5 at […]
Read moreJuly 17, 2013 11:31 am
Ford vehicle registrations in June climbed by 6.9% from a year earlier, compared with a 7.2% combined decline for GMs Adam Opel and Vauxhall brand registrations and the 6.3% contraction in Europe as a whole, according to the European Automobile Manufacturers Association. The association collects data only on new passenger-car registrations in the European Union […]
Read moreJuly 17, 2013 10:41 am
Production from BHP’s most profitable business, its iron ore operations in Western Australia, hit 45 million tons in the three months to June, up from 37.6 million tons in the previous quarter and ahead of analyst forecasts, according to companys statement in a production update on Wednesday. The world’s biggest resources company, experienced a strong […]
Read moreJuly 17, 2013 9:02 am
The Europes biggest drug-maker raised its profit and sales forecasts as generic competition for the Diovan blood-pressure medicine failed to materialize in the U.S. This means earnings will fall by a lower percentage this year, while sales will climb by similar amount, both excluding currency swings, Switzerland-based company said in a statement today. Novartis previously […]
Read moreJuly 17, 2013 8:07 am
The US electricity market regulator has fined Barclays $470 million, a record penalty, over manipulating power prices, in the latest heavy regulatory sanction against the UK bank. The Federal Energy Regulatory Commission’s fines matched the amount proposed last year when it accused four former Barclays traders of manipulating physical power prices in California and other […]
Read moreJuly 17, 2013 7:16 am
The tech giant is developing ad-skipping technology that would let owners of its Apple TV box and future television devices watch shows without commercials. Apple executives have targeted at least two owners of broadcast TV networks and cable channels, as well as some of the biggest U.S. pay-TV systems, said the people, who asked not […]
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