November 13, 2014 9:06 am
E.ON SE reported decreased net income for the first nine months due to lower power prices and weaker Russian ruble. Germanys biggest utility by market capitalization reported underlying net profit of €1.435 billion, a 25% decrease compared with the €1.901 billion a year earlier. Lower power prices in Germany and across Europe crippled E.ONs performance. […]
Read moreNovember 13, 2014 8:39 am
Yesterday’s trade saw EUR/GBP within the range of 0.7799-0.7891. The pair closed at 0.7882, gaining 0.59% on a daily basis. At 8:35 GMT today EUR/GBP was up 0.18% for the day to trade at 0.7899. The pair broke the first key weekly resistance and touched a daily high at 0.7903 at 8:10 GMT. Fundamentals Euro […]
Read moreNovember 13, 2014 8:16 am
Yesterday’s trade saw EUR/JPY within the range of 143.30-144.72. The pair closed at 143.65, losing 0.55% on a daily basis. At 8:11 GMT today EUR/JPY was up 0.33% for the day to trade at 144.13. The pair touched a daily high at 144.32 at 7:35 GMT. Fundamentals Euro zone Italian consumer inflation Italys final annualized […]
Read moreNovember 12, 2014 2:39 pm
Yahoo! Inc agreed to acquire the automated advertising service BrightRoll, boosting its presence in the video-ad real-time market. The internet portal announced it would pay around $640 million to purchase the start-up company. This would be the second-largest acquisition since Marissa Mayer became CEO two years ago. The deal would bolster Yahoo!s advertising power and potentially help […]
Read moreNovember 12, 2014 11:23 am
Daimler AG said it would release new high-end versions of its Mercedes-Benz S-Class, including a sports utility vehicle and a luxury limousine carrying the Maybach emblem. Daimler AG said that the Maybach logo will be brought back to life as a sub-brand of Mercedes. The limousine is expected to challenge BWMs ultra-luxury Rolls-Royce brand and […]
Read moreNovember 12, 2014 10:36 am
BMW Group AG reported increased deliveries of its BMW, Mini and Rolls-Royce vehicles due to strong Chinese sales. The German car manufacturer reported a revenue jump of slightly over 11% in October to 184 297 shipments, boosted by a 20% rise in Chinese sales and the introduction of a new Mini model. Interest in the […]
Read moreNovember 12, 2014 10:06 am
Natural gas continued to accumulate losses for a third consecutive day to drift further from a recently-hit four-month high on speculations of incoming warmer weather over the northern U.S. later this month. On the New York Mercantile Exchange, natural gas for delivery in December lost 1.34% to $4.190 per million British thermal units by 9:53 […]
Read moreNovember 12, 2014 9:31 am
Gold shifted between gains and losses after a moderate gain on Tuesday as the dollar remained strong near its four-year high while assets in the SPDR Gold Trust posted the longest losing streak in a year. Comex gold for delivery in December traded at $1 164.2 per troy ounce at 9:06 GMT, up 0.10% on […]
Read moreNovember 11, 2014 10:44 am
Vodafone Group PLC reported a smaller decline in service revenue in the second fiscal quarter boosted by growing demand in Europe. The British group stated a service revenue decline of only 1.5% for the second quarter, beating analysts projections for a 2.8% decrease and its Q1 performance of a 4.2% drop. The company recovered after […]
Read moreNovember 11, 2014 10:06 am
Natural gas continued its retreat from yesterdays four-month high on forecasts of moderating weather across the northern US later in the month. On the New York Mercantile Exchange, natural gas for delivery in December lost 2.61% to $4.144 per million British thermal units by 9:50 GMT. Prices ranged between $4.130 and $4.297. The contract fell […]
Read more
