26 Feb 2013 @ 14:48
“Good morning, Holmes. Anything interesting in the news today?” “Yes, in fact, Dr. Watson there is.” “What is it, Holmes? Are you not going to tell me? Must I guess?” At this point, Holmes handed the disheveled paper to Dr. Watson and said with a sigh, “It’s Elementis, my dear Watson. It’s Elementis.” Holmes had […]
26 Feb 2013 @ 12:00
Italian election leaves inconclusive result causing sharp market falls European markets have opened to falls following an inconclusive result in the Italian elections, with the Frankfurt and Paris exchanges falling by over 2%. Closing whilst election results were being announced New York’s Dow Jones Industrial Average fell by 1.55%. By late morning trading Europe’s major […]
22 Feb 2013 @ 15:10
Nat Rothschild left the Bumi shareholders meeting in London yesterday, 21 February, having lost a major battle, but vowing to fight on. Nineteen of Rothshild’s 22 proposed resolutions were rejected by shareholders. The Bumi share price followed by continuing its year long 60% decline with a 21.3 pence plunge (5.44%) to 370.0 shortly past midday […]
21 Feb 2013 @ 14:39
No one in their right mind ever said that business is easy. Even the biggest and best of companies suffer the slings and arrows of misfortune. BAE Systems (LSE:BA.) is an example. Despite less than spectacular results for 2012, investors showed confidence in BAE today, boosting the company’s share price by 5.1% to 349.1. Shareholder […]
20 Feb 2013 @ 14:49
The share price of mining giant BHP Billiton (
LSE:BLT) has traveled an upward trajectory since May 2012, from 1,681 on 23 May to 2,236 at 19 February 2013. Although the stock remained above its 90 day moving average from 25 July onward, the price hit a number of pitfalls along the way. Today was one […]
18 Feb 2013 @ 19:40
Finance ministers and central bank governors of the G20 member states pledged to take necessary actions to prevent the practice of tax base erosion and profit sharing, following the conclusion of the G20 summit in Moscow. The move came following the discovery in recent months that some multinational corporations had paid little or less taxes […]
18 Feb 2013 @ 14:52
Japan breathed a sigh of relief this morning as the G20 summit in Moscow closed with no direct comment on the continuing decrease in the yen or its potential impact. The Nikkei 225 index (NIK:NI225) gained over 2% today as the yen weakened to 94.10 against the US dollar after reaching 92.25 at the close […]
18 Feb 2013 @ 14:02
British Pound Sterling fell to its lowest in nearly seven months against the US Dollar after Martin Weale, a member of the Monetary Policy Committee of the Bank of England said in a speech engagement last Saturday, 16 February, that the “most natural means” to reduce the UK’s trading deficit is for the currency to […]
14 Feb 2013 @ 15:28
Rolls Royce (LSE:RR.) turned in an astounding 24% increase in pre-tax profit on a 9% increase in revenue. The reported full year profit of £1,429 million is not only up £272 million from £1,157 million in 2011, it is also the 10th year in a a row that the firm has recorded increased profits year-on-year. Revenue for […]
13 Feb 2013 @ 17:41
Today the The Brazilian Stock exchange (BOVESPA) operates special trading hours and trading in the markets opened at 01:00 pm. The Central Bank releases its Focus Report and the Ministry of development presents the balance of trade for the week. In the USA, the Commerce Department publishes the retail sales numbers, durable and non-durable good. […]