Adidas reports strong start into the year; Q1 2017 results
May 5th, 2017
Major developments in Q1 2017: Currency-neutral revenues increase 16% Gross margin declines 0.2pp as a result of anticipated FX headwind Operating margin improves 0.9pp to 11.1% Net income from continuing operations grows 30% to € 455 million Basic EPS ...
Mobile payments on the rise across GCC, officials say
May 5th, 2017
Online payments, including mobile payments and e-commerce, are set to become a crucial part of the digitisation wave currently sweeping across the GCC, according to a number of industry executives in attendance at the event. “Major trends include subscription ...
Bitcoin Drops $100 in One Hour
May 5th, 2017
The price of bitcoin took a sudden nosedive at 18:40 UTC today, dropping $100 from $1,594 to $1,495 over the course of just an hour of trading. At press time, the price of bitcoin had recovered to $1,511 on ...
Chinese equities headed for their longest losing streak this year amid
May 5th, 2017
Crude declines below $45 a barrel; iron ore extends slump Shanghai Composite Index set to give up this year’s gains Oil slid below $45 a barrel for the first time since November and Chinese equities headed for their longest ...
Western Union reports revenue of $1.3 billion for Q1 2017
May 4th, 2017
The Western Union Company (NYSE: WU) today reported first quarter financial results and affirmed its outlook for 2017, which was previously provided on February 9, 2017. In the first quarter the Company generated revenue of $1.3 billion, which was ...
GERMAN & DANISH SALES/RETENTON OFFICERS
May 4th, 2017
Overview: Trade Finance is in our DNA. For more than 10 years, XTrade offers around-the-clock support and deliver world-class solutions to Clients. Our sophisticated, web-based and Mobile App trading management platforms, allowing clients to manage trade activities from purchase ...
Will Bitcoin price reach $2000 soon?
May 4th, 2017
Aside from the longstanding conflicts in the Bitcoin community and the recent upsurge in the capital outflow to other cryptocurrencies, do you think $2000 seems a sure range that could have been reached by now? Bitcoin’s eventful life The ...
BofAML upgrade forecasts for British Pound v Euro and Dollar
May 3rd, 2017
Bank of America Merrill Lynch (BofAML) have told clients they are now confident enough on Pound Sterling to raise their forecast profile. Analysts had been expecting one final dip in the UK currency ahead of a more sustained recovery, ...
Japanese companies to launch virtual currencies exchanges to meet hot demand
May 3rd, 2017
Tax cuts, higher standards making trading easier, soaring demand in bitcoin-like investments More than 10 Japanese companies are launching exchanges for bitcoin and other virtual currencies, with an eye to tap growing demand after legal changes that make such ...
CME Group reached Average Daily Volume of 16.3 million contracts in April 2017
May 3rd, 2017
CME Group, the world’s leading and most diverse derivatives marketplace, today announced that April 2017 average daily volume (ADV) reached 16.3 million contracts, up 18 percent from April 2016. CME Group April 2017 options volume averaged 4 million contracts ...
