Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

US stocks advance on positive manufacturing data

July 2, 2013 7:19 am
U.S. stocks advanced, as Standard & Poor’s 500 Index recovered from its first monthly loss since October, as reports showing improved manufacturing in the U.S. That boosted confidence in the global economy. The reports were in a line with a gradually improving economy, but not strong enough to raise concerns about the Federal Reserve reducing […] Read more

Onyx attracting Pfizer, Novartis in a buyout race

July 2, 2013 6:49 am
Onyx Pharmaceuticals, Inc. is a bio-pharmaceutical company. The Company is developing therapies that target the molecular mechanisms which cause cancer. The company has a promising investing future and according to Reuters has added two large pharmaceutical firms to its suitors. Yesterday, the cancer-drug maker rejected an offer of $10 billion from Amgen, stating it is […] Read more

US stocks positive on first day of Q3

July 1, 2013 2:34 pm
US stocks climbed on positive ISM manufacturing data. The ISM Manufacturing Index monitors employment, production inventories, new orders and supplier deliveries. The increase of ISM is a indicator of stronger economy and is supposed to lead stock prices up. The S&P 500 index advanced by 0.75% at 15:10 pm London time. Meanwhile, Dow Jones Industrial […] Read more

Apple after China Mobile’s customers

July 1, 2013 12:47 pm
Apple is targeting the worlds biggest market of potential iPhone customers – those of China Mobile. Shares hanging at $395, Apples shares have lost 44% from an all-time high recorded last September. It market cap also has just been surpassed by rival Google. China Mobile is the world largest wireless carrier including more than 700 […] Read more

European stocks surge on better than forecast data

July 1, 2013 11:15 am
European stock benchmarks rose last week after recording first gain in May as factory output fell less than estimates this month. The Stoxx Europe 600 Index added 0.7% at 11:52 a.m. in London. The benchmark added 1.7% last week as China released steps to ease a cash crunch triggered by shadow banking. It has still […] Read more

Onyx rejects Amgen offer, still looking for a merger

July 1, 2013 9:09 am
Onyx Pharmaceuticals, the bio-pharmaceutical company developing cancer drugs, rejected an acquisition offer from Amgen the world largest independant bio-pharmaceutical firm for around $10 billion. The company stated it is waiting on better offers from suitors. Onyx noted that recent Amgen offer was not in the best interest of the company and shareholders. Deutsche Bank analyst […] Read more

Nokia takes full control over its best performing business

July 1, 2013 8:31 am
Nokia is buying its best performing business as raising concerns amid investors of companys balance sheet stability. The Finnish firm is acquiring Siemens after both companies took part in a joint venture, in order to introduce stability to its own struggling group of businesses. The venture called Nokia Siemens Networks (NSN) failed to be bought […] Read more

Samsung dominates European smartphone sales

July 1, 2013 7:08 am
Samsung Electronics Co. lost $25.3 billion of market capitalization last month, as sales of its Galaxy S4 smartphone missed investor expectations. After the official release of the flagship model the company that sells nearly one of every three mobile phones declined 9.7%. JP Morgan Chase & Co. and Morgan Stanley both lowered sales forecasts which […] Read more

US government accuses Chinese Sinovel with “attempted corporate homicide”

June 28, 2013 2:20 pm
The US Department of Justice said Chinese wind turbine firm stole trade secrets from a American supplier which was qualified by the government as “attempted corporate homicide”. The company called Sinovel was accused of inciting one of the US-based AMSC employees to steal copyrighted source code from a computer in Wisconsin in order to use it for […] Read more

HSBC adjusts its global growth forecasts

June 28, 2013 1:27 pm
HSBC Holdings Plc, the British multinational banking and financial services, downgraded its growth estimates on Friday, pointing  risks to emerging markets from the slowing economy of China and the recent news of scaling back Feds bond-purchasing program. “The Fed might be thinking of monetary tapering but, for us, the only tapering is of our growth forecasts,” warned Stephen […] Read more