December 3, 2014 1:48 pm
Morgan Stanley took over the $4.8-billion stake sale in Ping An Insurance, after a last-minute bold steal from Goldman Sachs and Credit Suisse. Ping An was discussing the deal with Credit Suisse and Goldman Sachs at first, but changed its mind by Sunday afternoon when the two banks were noted that the placement was given to […]
Read moreDecember 3, 2014 12:07 pm
Apple Incs ex-CEO Steve Jobs renovated the way people enjoyed music with the iPod, but now the deceased co-founder of Apple is being accused of leading the company into a violation of antitrust laws. Mr. Jobs has allegedly upgraded the software of the iPods, so the device would not be capable of playing songs from […]
Read moreDecember 3, 2014 10:08 am
Natural gas fell for a fifth consecutive session and reached a new low as forecasts bring news of milder weather over the majority of the US. Natural gas for delivery in January lost 0.80% to $3.843 per million British thermal units by 9:50 GMT. Prices held in a daily range between $3.866 and $3.830, its […]
Read moreDecember 3, 2014 9:27 am
Brent and West Texas Intermediate edged up on Wednesday, regaining a fraction of the recent losses to mark a second daily increase out of seven trading sessions. January US crude gained 1.21% on Wednesday to $67.69 per barrel by 09:10 GMT. Prices held in a daily range between $67.97 and $66.99 a barrel. The contract […]
Read moreDecember 3, 2014 7:58 am
Yesterday’s trade saw USD/CAD within the range of 1.1318-1.1424. The pair closed at 1.1406, gaining 0.70% on a daily basis. At 7:53 GMT today USD/CAD was down 0.04% for the day to trade at 1.1395. The pair touched a daily low at 1.1384. Fundamentals United States Change in non-farm employment Employers in the US non-farm […]
Read moreDecember 3, 2014 7:43 am
Yesterday’s trade saw GBP/USD within the range of 1.5631-1.5743. The pair closed at 1.5637, losing 0.61% on a daily basis. At 7:42 GMT today GBP/USD was down 0.06% for the day to trade at 1.5628. The pair touched a daily low at 1.5624. Fundamentals United Kingdom Services sector activity Activity in United Kingdom’s sector of […]
Read moreDecember 3, 2014 7:32 am
Yesterday’s trade saw EUR/SEK within the range of 9.2454-9.3228. The pair closed at 9.3143, gaining 0.47% on a daily basis. At 7:30 GMT today EUR/SEK was down 0.01% for the day to trade at 9.3051. The pair touched a daily low at 9.3042. Fundamentals Euro zone Services PMI data by Markit Services sector in Spain […]
Read moreDecember 3, 2014 7:17 am
Yesterday’s trade saw EUR/GBP within the range of 0.7910-0.7941. The pair closed at 0.7918, gaining 0.20% on a daily basis. At 7:13 GMT today EUR/GBP was down 0.11% for the day to trade at 0.7906. The pair broke the first key daily and the first key weekly support levels and touched a daily low at […]
Read moreDecember 2, 2014 3:55 pm
Cypress Semiconductor Corp is buying Spansion Inc in a $1.59-billion stock deal in order to create a company that will manufacture memory chips utilized in many consumer and business technologies. After the deal is completed the new company is set to become the biggest supplier of chips for embedded systems.It will combine Cypress expertise in […]
Read moreDecember 2, 2014 1:52 pm
Japans Otsuka Holdings Co Ltd reached a deal to purchase Avanir Pharmaceuticals for around $3.5 billion, marking it as the companys second big US acquisition in slightly over a year. The agreement for the unprofitable Avanir comes as the drugmaker is looking to increase its portfolio of products, including treatments for Alzheimer’s, Parkinson’s and migraines, […]
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