Euro Drops and Dollar Firm in Forex Market
The European shares are getting lower from its four and a half year high due to China's weak economic data and Italy's weak factory output and increasing consumer demands.
China witnesses Decline in Economic Growth
World's second largest economy, China, has witnessed a decline in its economic growth. As per official data, it has been revealed that the country has witnessed a 13 year low.
Draghi Hints that Cuts would Occur Only after the Economy Deteriorates for ECB
European Central Bank President Mario Draghi has said that in order to reduce cuts in the ECB, Europe's economy has to meet the worst stage.
Osborne and Cameron Ask EU to Reconsider Proposals
Questioning the proposals that may affect London's position in international banking circles, British finance minister, George Osborne has asked the European Union to re-consider the proposed rules.
China Reviews Glencore-Xstrata Merger’s Influence on Chinese Copper Market
With a proposal of merging of the world's largest supplier of the public-traded commodities, Glen Core International PLC (GLEN), with Xstrata PLC, China is reviewing the effect the alliance will put on Chinese copper market. The statement regarding the same was given by the GLEN on Tuesday.
JC Penney in a Drowning State
It was last year when the investors were asked to be patient for getting their anniversary rewards but nothing has changed even now. America's favorite store was getting transformed one year back and it is still in a similar position.
U.S. 10-Year yields Reach a 10-Months High
U. S 10-year Note's yield sought a hike of 2 percent to reach a 10-month high. Treasury Market has suffered huge losses this year. The benchmark 10-year note's yield could not trade for more than 2%, putting buyers in a dilemma about rise in yields.
Venezuela Devalues Currency Against The Dollar Amid Financial Challenges
Considering the rising budget deficit, Venezuela had no better option but to devalue its currency by 32% against dollar. It has been confirmed by cancer-stricken President Hugo Chavez that the bolivar would go from 4.3 to the dollar to 6.3 under the official exchange rate.
Euro Experiences Near Two-Week Low
A recent report showed that though European shares have seen spike, same can't be said about the euro, which was seen at its two-week low on Friday. It has been claimed that the reason could be linked with the European Central Bank indicating that they might cut interest rate again.
GE Notes Higher-than-Expected Profits for Q4
As per a recent report, profits for GE or General Electric for the fourth quarter have this time crossed its expectations. While a quarter earlier, the company received orders making profit of $203 billion, the same this quarter came with a heavy log jam and the profit touched $210 billion.
Morgan Stanley’s Future Seems Uncertain to Analysts
Though, Morgan Stanley has taken many essential steps, much aggressive ones, last year so that it could realize a boost in its profits, a recent report has claimed that its future growth is still uncertain.
China GDP Picks-Up in Fourth Quarter
China has come out with GDP slowdown. Fourth quarter GDP has been released which showed that China has just missed the expected rough GDP for this quarter. Everything seems fine for China right now.
Alibaba makes IPO Arrangements
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Alibaba Group Holdings Ltd., which is accredited as the biggest e-commerce company in China has made certain arrangements for an initial public offering. Sources known to the matter were of the view that the company has hired Credit Suisse Group AG as well as Goldman Sachs Group Inc. (GS) to do the task.
Wal-Mart Stores may Provide Insurance to Small Businesses
As per a recent report published in the Orlando Business Journal, it has been revealed that there are chances that Wal-Mart Stores are indulging into the plans of working with insurers.
Eurozone Crisis in Germany
On Tuesday, figures released by Germany Government clearly indicated that how its economy initially grew in the first three quarters and then shriveled in the last one. In 2012, there was a modest growth by 0.7%.
Due to debt crisis, there are 17 European Union countries using euro that have been affected. In comparison to them, Germany is one that grew faster in 2012.
Letter to Congress: An Urge to Increase Nation’s Debt Limit
Presently, in US, the legal limit on nation's debt is $16.4 trillion. But according to the Treasury, if this borrowing limit is not increased then the country will be at a risk of severe economic harm.
SeaWorld Entertainment Inc Registers for IPO
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It has been lately revealed in a report that SeaWorld Entertainment Inc has filed itself with the Securities and Exchange Commission. The report says that the aim of the company is to carry out an initial public offering of stock.
China Witnesses Growth in Manufacturing Sector
It has been revealed in a survey of private factory managers that manufacturing sector in China has been witnessing a healthy rise. The survey has revealed that the sector has witnessed maximum rise since May 2011.
AAA Calls for Stop of E15 Ethanol Gasoline Blend Sales
A recent report has uncovered a new controversy, which has arisen over ethanol, since for the same AAA and the renewable fuels industry have been locking horns. Friday, the clash came into picture.
GMCR Releases Record Rise in Quarterly Revenue
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Though, analysts were expecting the earnings for the quarter to be flat for Green Mountain Coffee Roasters (GMCR). A recent report has uncovered that the brand has realized a 33% upsurge in its revenue.
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