November 28, 2014 1:43 pm
Rio Tinto Plc, the world’s second-biggest mining company, has not detoured from its plan to deliver increased dividends, after it rebuffed a takeover offer earlier this year from Glencore. The company, one of the leading iron ore producers, also announced it deferred plans to invest in Australias Silvergrass mine until “at least the third quarter […]
Read moreNovember 28, 2014 12:28 pm
The second-biggest oil producer on the territory of Russia, NK Lukoil OAO, said that its project in Iraq, called West Qurna-2 is starting to pay off. According to the companys statement, the project has helped the Russia-based company add $1.25 billion to its earnings during the third quarter of the fiscal year. The beneficial impact […]
Read moreNovember 28, 2014 12:17 pm
Germanys biggest power utility E.ON SE has agreed to sell its Spanish operations to Australian infrastructure investor Macquarie Group and Kuwait’s sovereign-wealth fund. Under a plan to withdraw its operations from Southern Europe’s electricity market, E.ON has agreed to sell 60% of its Spanish assets to Macquarie and 40% to Wren House Infrastructure Management, which […]
Read moreNovember 28, 2014 10:16 am
Yesterday’s trade saw USD/CAD within the range of 1.1235-1.1354. The pair closed at 1.1328, gaining 0.74% on a daily basis. At 10:10 GMT today USD/CAD was up 0.46% for the day to trade at 1.1379. The pair broke the first key daily and the first key weekly resistance levels and touched a daily high at […]
Read moreNovember 28, 2014 10:15 am
Natural gas fell for a fourth out of five trading sessions, despite huge inventory withdrawal, on projections of soft temperatures in early December. Natural gas for delivery in January fell by 3.49% to $4.203 per million British thermal units by 9:52 GMT on Friday, having ranged between $4.367 and $4.187 during the day. Prices slid […]
Read moreNovember 28, 2014 9:28 am
Yesterday’s trade saw USD/ZAR within the range of 10.9292-10.9884. The pair closed at 10.9542, gaining 0.13% on a daily basis. At 9:26 GMT today USD/ZAR was up 0.66% for the day to trade at 11.0341. The pair broke the first and the second key daily resistance levels and touched a daily high at 11.0439. Fundamentals […]
Read moreNovember 28, 2014 9:13 am
Gold declined for third day, breaking its range and heading to a first weekly drop in a month on projections that low oil prices could decrease consumer prices and hurt the metals appeal as hedge. Comex gold for delivery in February fell by 1.17% to $1 183.5 per troy ounce by 8:48 GMT, having shifted […]
Read moreNovember 28, 2014 8:19 am
Yesterday’s trade saw EUR/CAD within the range of 1.4025-1.4176. The pair closed at 1.4121, gaining 0.43% on a daily basis. At 8:16 GMT today EUR/CAD was up 0.14% for the day to trade at 1.4139. The pair touched a daily high at 1.4159. Fundamentals Euro zone Italian unemployment The rate of unemployment in Italy probably […]
Read moreNovember 28, 2014 8:14 am
Brent and West Texas Intermediate continued their streak of losses, reaching their biggest daily decline in more than three years, after OPEC decided not to support prices by reducing production. January US crude fell by 7.67% on Friday to $68.04 per barrel by 07:55 GMT. Prices held in a daily range between $73.56 and $67.75 […]
Read moreNovember 28, 2014 7:40 am
Yesterday’s trade saw EUR/SEK within the range of 9.2418-9.2967. The pair closed at 9.2528, gaining 0.12% on a daily basis. At 7:38 GMT today EUR/SEK was up 0.15% for the day to trade at 9.2780. The pair broke the first key daily and the first key weekly resistance levels and touched a daily high at […]
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