November 18, 2014 7:20 am
Yesterday’s trade saw EUR/GBP within the range of 0.7955-0.8002. The pair closed at 0.7959, losing 0.32% on a daily basis. At 7:18 GMT today EUR/GBP was up 0.12% for the day to trade at 0.7968. The pair touched a daily high at 0.7970. Fundamentals Euro zone German and Euro zone ZEW gauges of Economic Sentiment […]
Read moreNovember 17, 2014 4:03 pm
Majestic Wine, the British wine warehouse chain, stated a decline in profit for the first half, due to increased competition and higher investment costs. Pre-tax profit fell 10% to £8.5 million compared to last years result. The company explained that the “previously announced investments” to upgrade its distribution network, website and customer database hurt performance, […]
Read moreNovember 17, 2014 2:30 pm
Reckitt Benckiser Group PLC has launched a plan to spin off its pharmaceutical division and list it on the London Stock Exchange as a stand-alone company under the name of Indivior Plc. Investors will get one share in the new demerged company for every share they own in RB. The spin-off, if approved by shareholders […]
Read moreNovember 17, 2014 1:25 pm
Royal Bank of Scotland Group PLC, 81% owned by the British government, is faced with a fine worth tens of millions of pounds for a big IT breakdown that left customers without access to their banking accounts. RBS could be fined with as much as £50 million by the Financial Conduct Authority over its IT […]
Read moreNovember 17, 2014 11:02 am
Japans Toray Industries Inc said it agreed to become the sole supplier of carbon fiber for Boeings 777X passenger jet in addition to the 787 Dreamliner. The world’s largest carbon fiber maker said the new supply contract will extend the existing one with more that 10 years, with expected material orders for both planes to […]
Read moreNovember 17, 2014 10:08 am
Friday’s trade saw USD/MXN within the range of 13.4920-13.6382. The pair closed at 13.5340, losing 0.51% on a daily basis. At 10:03 GMT today USD/MXN was up 0.28% for the day to trade at 13.5552. The pair touched a daily high at 13.5570 at 9:26 GMT. Fundamentals United States New York Manufacturing The New York […]
Read moreNovember 17, 2014 9:36 am
Apple Inc reached a deal with UnionPay, the only domestic bank card issuer in China, securing easier purchases for customers in the region. In an effort to diversify payment methods for its Chinese users, Apple will now allow them to link their Apple ID with a debit or credit card issued by UnionPay. The move […]
Read moreNovember 17, 2014 9:22 am
Friday’s trade saw USD/CAD within the range of 1.1260-1.1395. The pair closed at 1.1288, losing 0.69% on a daily basis. At 9:19 GMT today USD/CAD was up 0.17% for the day to trade at 1.1306. The pair touched a daily high at 1.1309 at 9:21 GMT. Fundamentals United States New York Manufacturing The New York […]
Read moreNovember 17, 2014 8:25 am
Kenneth Feinberg, compensation expert hired by General Motors, extended by one month the time frame to file death and injury claims related to the companys faulty ignition switches. Originally, the program, which started August 1, was supposed to end December 31. However, under heavy pressure from families, politicians, safety advocates and lawyers, the deadline was […]
Read moreNovember 17, 2014 8:21 am
Friday’s trade saw GBP/SEK within the range of 11.5626-11.6828. The pair closed at 11.5732, losing 0.85% on a daily basis. At 8:19 GMT today GBP/SEK was down 0.01% for the day to trade at 11.5741. The pair touched a daily low at 11.5669 at 2:35 GMT. Fundamentals BoE Carneys statement Bank of England Governor Mark […]
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