Market News




Market News

Daimler to increase truck production
Mon, 28 Oct 2013 06:49:04 GMT
 
According to German newspaper Frankfurter Allgemeine Sonntagszeitung, the leading car and truck manufacturer in the country, Daimler AG, is planning to raise truck production in Germany, adding the third shift >>
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Australian budget deficit soars amid slow economic growth
Mon, 28 Oct 2013 06:27:03 GMT
 
State budget deficit in Australia will most likely jump during the current financial year, as the country observes increasing unemployment, slowing economic growth, while the stronger national currency leads to >>
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Toyota sales surge on weaker yen
Mon, 28 Oct 2013 06:16:10 GMT
 
According to the latest data, sales of Japanese car maker Toyota added 2.8% in the third quarter of this year to 2.5 million cars, beating its main American competitor General >>
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U.S. retail sales could ease amid auto industry
Mon, 28 Oct 2013 05:49:04 GMT
 
Retail sales in the United States could decline in September of this year, while American consumers bought fewer cars in that month. It can significantly influence the retail sales indicator. >>
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WTI crude fluctuates amid supply concerns
Fri, 25 Oct 2013 12:38:03 GMT
 
West Texas Intermediate crude oil for December delivery added 37 U.S. cents to $97.48 per barrel at 11:33 am London time, on New York Mercantile Exchange, as, according to government >>
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US Treasuries climb to 2-week high on Fed stimulus
Fri, 25 Oct 2013 12:16:03 GMT
 
The US government 10-year yield dropped one basis point to 2.51% as of 6:01 am in New York amid optimism Fed will postpone monetary stimulus tapering until March 2014, as >>
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Bank of America plans to cut 3,000 jobs
Fri, 25 Oct 2013 12:05:03 GMT
 
Bank of America Corp. announced its plan to eliminate as much as 3,000 jobs across the U.S., while the majority of all cuts will be in the mortgage department. Bank's >>
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Microsoft profit rises more than expected
Fri, 25 Oct 2013 11:54:06 GMT
 
Microsoft Corp. released its quarterly report for the July-September period, as the company showed better than expected results. Revenues of the company jumped 16% to $18.53 billion, as consumers bought >>
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Volvo profit falls amid stronger krona
Fri, 25 Oct 2013 11:43:03 GMT
 
Volvo AB, the largest car maker in Sweden, has posted an unexpected decrease in its profit for the third quarter of this year, as the stronger Swedish national currency trimmed >>
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German business climate declines in October
Fri, 25 Oct 2013 11:32:05 GMT
 
According to the newest data, business confidence in the largest economy of the Eurozone fell slightly in October of the current year, but the overall long-term trend continued to be >>
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Gold drops after 3-week high on speculations Fed will slow stimulus
Fri, 25 Oct 2013 10:53:03 GMT
 
Bullion for December delivery slipped 0.5% to $1,344.20 an ounce in New York on speculations Federal Reserve will slow its monetary stimulus as US economy strengthens, which reduces demand for >>
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Kiwi declines as Reserve Bank is unlikely to raise interest rates
Fri, 25 Oct 2013 10:42:05 GMT
 
The kiwi depreciated versus all its 16 major counterparts following weekly decrease to 1.4%, as New Zealand's central bank is unlikely to increase borrowing costs, a measure that could boost >>
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Italian retail sales stay flat against expectations
Fri, 25 Oct 2013 10:20:04 GMT
 
Retail sales in Italy did not change from the previous month in August of this year, while many experts forecasted the sales to add 0.2%. It is worth pointing out >>
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Sterling gains for second week against greenback amid UK economy expansion
Fri, 25 Oct 2013 10:09:05 GMT
 
The Pound advanced 0.1% to $1.6224 at 9:44 am in London, after touching $1.6257, the highest level since October 1, as UK gross domestic product expanded at fastest pace in >>
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U.K. economy surges as all industries show recovery
Fri, 25 Oct 2013 09:58:03 GMT
 
Economic growth in the United Kingdom reached 0.8% in the third quarter of this year, while all the main sectors of country's economy posted an increase in output. The result >>
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