May 16, 2013 1:36 pm
Larry Page, CEO of Google, surprisingly appeared at the Googles developer conference where he accused a competitor ( most likely Microsoft Corp.) for trying to steal the spark of Googles shares. He was probably referring to the recent advertising Microsoft ran which poke fun at Googles alternative to Microsoft Office. Page answered the provocation saying […]
Read moreMay 16, 2013 12:42 pm
Germanys Finance Minister, Wolfgang Schaeuble, announced today, that problems, which small and medium business in Euro zone encounters, could not be solved by a simple decrease in the base interest rate by the European Central Bank. Schaeuble pointed out that problems in the Small and Medium Enterprises (SME) sector could be a result of a […]
Read moreMay 16, 2013 11:46 am
Thursdays trade marked a close to 4,5 year high movement of the USD/JPY, after the reported exceedingly strong economic growth from Japan than estimated. During the late European trade session the pair gained almost 0.40%, reaching 102.59-60. It was announced that Japan achieved a 0.9% increase in its GDP during the first quarter of the […]
Read moreMay 16, 2013 10:57 am
The Research in motion Ltd. (BlackBerry) announced plans to push forward the new message system and make it available for Android operating system thus usable to Apple and Google. BBM has around 60 million active users. Entering in this deal BBM has to compete with other instant message products such as WhatsApp and Viber who […]
Read moreMay 16, 2013 8:43 am
Cisco Systems Inc., the largest computer networking manufacturer, reported 14.5% profit raise from last year. The boost in quarterly sales led to a similar boost in earnings per share. The world leading computer gear maker struggled in recent years because of low demand and severe competition.Thousand of jobs had to be cut in a attempt […]
Read moreMay 16, 2013 8:13 am
West Texas Intermediate continues its bearish trend amid signs of economic weakness in most of its major consumers. Data released yesterday showed below expectations economic growth in Germany, slip into recession by France, Italy performed worse than forecast and the U.S. showed slowdown in the industrial sector. This and the cut estimate of Chinas GDP […]
Read moreMay 16, 2013 7:17 am
Chinas gold demand increased in the first quarter by 20%, reaching 294,3 metric tons according to a report by the World Gold Council. Global demand fell 13% to 963 tons compared to Q1 2012 and gold slipped into a bear market after its biggest drop on April 15 as inflation failed to accelerate and investors […]
Read moreMay 15, 2013 7:22 pm
US demand still keeps a low profile, for today it became clear the Producer Price Index during April fell by 0.7%, compared to March 2013. This monthly drop of indicators value turned out to be the greatest since February 2010. Current decline of the index was driven mostly by decreased prices of energy products, which […]
Read moreMay 15, 2013 1:46 pm
US stock futures pointed slightly lower levels than predictions, following a negative manufacturing news. The PPI (Producer Price Index) stands almost on same level as predicted (-0.7%). But thats not the case with industrial production which comes down to -0.1% from previously predicted +0.5%.The capacity factor slightly dissapoints predictions falling to 77.8%. The most significant […]
Read moreMay 15, 2013 12:12 pm
Copper reached a 1-week low after data showed the economies of its three biggest consumers – China, USA and Germany, are slowing down. JPMorgan Chase & Co. cut its growth estimate this year for China from 8% to 7,6%. Germany also showed negative signs with a worse than expected performance. The Federal Statistics Office said […]
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