Search Results for: IG Group
NZ Dollar Outlook: Kiwi may test post-float high as inflation looms
July 14th, 2014
The New Zealand dollar may test a post-float record this week with second-quarter inflation figures likely to underline the Reserve Bank’s path to higher interest rates, though the currency may struggle to hold those gains. The kiwi may trade ...
Asian shares nudge higher, oil nurses losses
July 14th, 2014
Asian shares rose on Monday as euro zone banking jitters faded, but investors remained cautious ahead of corporate earnings and a raft of global economic events, including testimony from the head of the Federal Reserve. MSCI’s broadest index of ...
Reynolds and Lorillard to reshape Big Tobacco with merger
July 11th, 2014
Reynolds American and Lorillard are in the final stages of agreeing a complex merger that will reshape Big Tobacco by bringing together two of the three largest US operators with a combined market capitalisation of $56bn. The deal will ...
New HMRC Anti-Avoidance Rules Could Trigger Insolvencies
July 9th, 2014
A wave of insolvencies could be triggered when HM Revenue and Customs (HMRC) gets the power to force those who have used tax avoidance schemes to pay the disputed money upfront, accountancy firm Moore Stephens has warned. David Elliott, ...
Palladium Near 13 Year High around $870
July 8th, 2014
Platinum group metals continued to benefit from concerns over the supply situation in South Africa, which recently witnessed a five-month long strike at top producers. The strike ended late last month but other smaller strikes have since broken out, ...
Yen Holds Biggest Gain in a Week on Stock Drop
July 8th, 2014
The yen remained higher after a gain yesterday that was the biggest in a week, as U.S. stock futures point to declines in the Standard & Poor’s 500 Index and after Japan reported a bigger-than-expected current-account surplus. The currency ...
Gold Extends Drop From 3-Month High as Dollar Strengthens
July 7th, 2014
Gold extended a decline from a three-month high as the outlook for higher borrowing costs in the U.S. strengthened the dollar. Silver also dropped. Gold ended a 12-year rally last year on expectations the Federal Reserve would reduce stimulus ...
US now world’s biggest oil producer
July 7th, 2014
The US will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America said. US production of crude oil, along ...
Dukascopy Group expands in Shanghai
July 4th, 2014
Dukascopy Bank has officially announced the opening of Dukascopy (Shanghai) Business Consulting Co., a member of Dukascopy Group in Shanghai, China, on 15th of May 2014. This office aims at supporting non-regulated activities of Dukascopy Group such as financial ...
China shares slip from 2-week highs, but property stocks have solid gains
July 4th, 2014
China shares slipped from two-week highs on Friday as investors took profit on recent outperformers, though solid gains by property counters kept the losses small. The Shanghai Composite Index, which rose the first four days of the week, inched ...
