Posted at 11:25h
in
News
by KMFSLLP
Oil prices have continued to drift
lower after plunging last week, highlighting the risk for
traders trying to exploit mean-reversion strategies by buying
futures contracts after a sharp fall in prices.
...
Posted at 10:18h
in
News
by KMFSLLP
* China says overnight that U.S. agricultural purchases
suspended
...
Posted at 10:00h
in
News
by KMFSLLP
Apple Inc rolled out its virtual
credit card on Tuesday, working with bank Goldman Sachs Group
Inc on the new iPhone add-on that may help Apple
diversify from device sales and build out the Wall Street bank's
new consumer business.
Posted at 10:00h
in
News
by KMFSLLP
J.C. Penney Co Inc’s
stock has plunged more than 70% over the past year and now
trades under $1. Its first-quarter financial loss nearly doubled
to $154 million.
...
Posted at 09:58h
in
News
by KMFSLLP
Most Southeast Asian stock markets closed
lower on Tuesday, with the Philippines losing 1.6%, as fears of
a possible currency war between the United States and China
spooked investors.
The U.S. Treasury Department said on Monday it had
determined that China was manipulating its currency and...
Posted at 09:57h
in
News
by KMFSLLP
* Offshore yuan rallies 1% from record lows, still weaker
than 7
...
Posted at 09:30h
in
News
by KMFSLLP
TP ICAP, the world's largest
inter-dealer broker, on Tuesday reported lower first-half
profits as its broking business was hit by weak trading results
at its investment bank clients, but said trading activity had
revived in June and July.
Posted at 09:13h
in
News
by KMFSLLP
India Inc has turned in its
most disappointing quarterly numbers in at least three years and
analysts warn hopes for any festive season cheer are likely to
be dashed by a slowing economy.
Posted at 09:12h
in
News
by KMFSLLP
Japanese hotel operator Unizo
Holdings Co said on Tuesday it would reject a bid by
H.I.S. Co to raise its stake, adding that the offer
lacked synergy and was priced low, setting the stage for a
potential rare hostile bid in Japan.
Posted at 09:12h
in
News
by KMFSLLP
Turkey's finance minister said on
Tuesday a loan rate discount from three public banks has lead to
a record high demand for mortgage loans over the past two days,
giving the construction sector an "anticipated" boost.