November 3, 2014 3:16 pm
Diageo PLC closed an asset swap deal with Casa Cuervo that would give the British liquor company ownership of the Don Julio tequila brand in exchange for its Bushmills whiskey label. The deal includes Casa Cuervos 50% share that Diageo doesnt already own of the tequila brand plus cash payment of $408 million for the […]
Read moreNovember 3, 2014 1:16 pm
HSBC Holdings PLC stated lower-than-expected third-quarter profit as it set aside provisions to cover any potential fees related to an ongoing investigation into manipulation of the currency market. Europes biggest bank by market capitalization set aside a $378-million provision to secure legal expenses as it tries to reach a settlement with the Financial Conduct Authority. […]
Read moreNovember 3, 2014 10:47 am
Natural gas kept gaining ground last week and extended its march on Monday as forecasts warned about sub-freezing temperatures across the Midwest and Northeast. On the New York Mercantile Exchange, natural gas for delivery in December gained 4.70% to $4.055 per million British thermal units by 10:26 GMT. Prices ranged between $4.065, the highest in […]
Read moreNovember 3, 2014 8:59 am
Gold fell for the fourth consecutive day to trade near its 4-year low and is likely to drop even further as the U.S. dollar strengthened and technical analysis points towards taking bearish positions. Comex gold for delivery in December traded at $1 169.7 per troy ounce at 8:21 GMT, down 0.16% on the day, having […]
Read moreNovember 2, 2014 2:25 pm
Friday’s trade saw EUR/GBP within the range of 0.7820-0.7885. The pair closed at 0.7830, losing 0.67% on a daily basis and 0.56% for the whole week. Fundamentals Euro zone Manufacturing data Spanish Manufacturing Purchasing Managers Index (PMI) probably showed a slight improvement in October, coming in at a reading of 52.9 from 52.6 in September. […]
Read moreNovember 1, 2014 3:23 pm
Friday’s trade saw EUR/CHF within the range of 1.2044-1.2080. The pair closed at 1.2061, gaining 0.02% on a daily basis, while losing 0.01% for the whole week. Fundamentals Euro zone Manufacturing data Spanish Manufacturing Purchasing Managers Index (PMI) probably showed a slight improvement in October, coming in at a reading of 52.9 from 52.6 in […]
Read moreNovember 1, 2014 11:40 am
Exxon Mobil Corp. reported better-than-expected third-quarter profit due to strong performance in its refining and chemicals businesses. The company stated a 3% increase in net income to $8.07 billion, or $1.89 earnings per share, compared to last years performance of $7.87 billion, or $1.79 per share, and above analysts expectations of $1.71. Exxon reported a […]
Read moreOctober 31, 2014 2:43 pm
International Consolidated Airlines Group SA, owner of British Airways and Iberia, reported strong results in the third quarter, a complete contrast with strike-hit rivals Lufthansa and Air France-KLM. IAGs operating profit before exceptional item stood at €900 in the recent quarter, a 23% increase compared to last year and better than analysts expectation of €879 […]
Read moreOctober 31, 2014 1:11 pm
Sony Corp. reported a smaller loss than expected in the second fiscal quarter as PlayStation 4 sales limited the impact of a writedown of its smartphone business. Japans Sony stated a net loss of ¥136.0 billion, highly due to the ¥180 billion book value reduction of its Xperia unit. Since the company announced the writedown […]
Read moreOctober 31, 2014 10:21 am
Royal Bank of Scotland reported a third-quarter profit above analysts expectations even as it set aside provisions to cover any potential fines related to the ongoing investigation into alleged manipulation of the currency market. The bank reported it has put away a £400 million provision associated with the investigation and another £100 million to compensate […]
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