Search Results for: EU
Bank Earnings Give Stocks a Boost
July 15th, 2014
A better-than-expected earnings report from Citigroup C +3.02% helped kick-start a rally in stocks, lifting market indexes nearly back to levels seen before last week’s swoon. Many investors remain optimistic about the outlook for stocks broadly, amid improving U.S. ...
Asian shares higher as earnings lift Wall Street
July 15th, 2014
Asian stocks markets were mostly higher Tuesday, fortified by Wall Street’s growing optimism over U.S. corporate earnings and hopes for encouraging economic data in China. China, the world’s No. 2 economy, is due to report its second quarter GDP ...
Draghi Says Banks Shouldn’t Count on Another Carry Trade
July 15th, 2014
Banks shouldn’t count on a fresh round of European Central Bank cash to trade sovereign debt and reap big profits, Mario Draghi said. “The convenience to use the ECB cheap money to buy government bonds is much less” than ...
Microsoft is expected to cut jobs during this week
July 15th, 2014
Microsoft Corp. (MSFT:US) is planning its biggest round of job cuts in five years, as the software maker looks to slim down and integrate Nokia Oyj’s handset unit, people with knowledge of the company’s plans said. The reductions — ...
SANAD issues $10 million loan to AlexBank in Egypt
July 15th, 2014
The SANAD Fund for MSME (SANAD) signed a $10 million senior loan contract with AlexBank. This loan, SANAD’s first in Egypt, will facilitate investment and working capital loans for up to 150 local businesses and enterprises. Wolfgang Reuss, Chairman ...
USD/CHF Daily Forecast: July 15
July 15th, 2014
USD/CHF Forecast The USD/CHF was indecisive yesterday. Price attempted to push lower,slipped below 0.8905 but unable to stay consistently below that area so far. The bias remains neutral in nearest term. Important intraday range to be closely watched remains ...
USD/JPY Daily Forecast: July 15
July 15th, 2014
USD/JPY Forecast The USD/JPY had a bullish momentum yesterday and hit 101.63 earlier today. The bias is neutral in nearest term, probably with a little bullish bias especially if price able to make a clear break above 101.60 testing ...
China banks suspend controversial yuan remittance scheme
July 15th, 2014
Major Chinese banks have temporarily suspended a yuan remittance service after a state broadcaster accused the country’s fourth biggest lender Bank of China (BOC) of allowing wealthy Chinese to launder money offshore through the scheme, the Wall Street Journal ...
Asian shares firm, count on Fed’s support
July 15th, 2014
Asian shares rose on Tuesday after Citigroup’s earnings and a fresh round of merger and acquisition activity in the U.S. healthcare industry lifted global share prices. Yet, with elevated stock prices on Wall Street and elsewhere relying substantially on ...
Lufthansa says to cut Venezuela flights amid forex dispute
July 15th, 2014
German airline Lufthansa (LHAG.DE) said on Monday it will reduce service to Venezuela by 40 percent starting next month amid an ongoing dispute about repatriation of revenue from ticket sales. Carriers, including American Airlines, Delta and United, have in ...
