Despite yesterday’s high near to 1.2810, the pair remains bearish in bigger charts, and from a technical perspective, forming a continuation triangle: final objective for this figure, will be close to 1.1800. Yet turning to smaller charts, for today, only above 1.2546 we could see some bullish movements with resistances at 1.2565 and then 1.2610. More quickly will be the fall: under 1.250...
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GE (GE) has guts. And, that may be what it takes to keep the company's revenue and earnings growing. It is preparing to lend money to more and more customers who want to buy its goods and services. According to the FT, "General Electric is willing to extend more financing to customers of its industrial businesses next year to help assure key energy, transportation and water projects proceed eve...
U.S. stock futures dropped further Thursday as the fears over the financial and automotive sectors as well as the broader economy that have punished the market by nearly 8% just this week showed no signs of abating.
Hi everybody hope you are fine. As expected yesterday the bad data trigger a dollar negative rally, that couldn’t last long: fundamentals are unable to interrupt trend, no matter how much we hear talking about risk aversion, risk appetite, confidence or fears; right now, American dollar and Japanese Yen are back and probably continue leading the way, while Gbp is getting ready to continue...
Aircraft-engine maker Rolls-Royce Group Plc on Thursday says it will cut up to 2,000 jobs by 2009 as production delays and cuts to aircraft programs combine with a sharp economic downturn to hit demand for its goods.
London Markets: U.K. stocks slide on recession concerns, but retailers climb
Thu, Nov 20, 5:12 AM ET
U.K. stocks were on pace Thursday to close below a key technical level for the first time in three weeks as the global and local fears about recession were shown by the job cuts at Rolls-Royce and the discounts employed by Marks & Spencer.
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BNP Paribas late Wednesday dismisses speculation it is considering a move to strengthen its capital base, saying it meets all the standards required by regulators.
Isuzu Motors Ltd. and Mazda Motor Corp. announce layoffs Thursday, amounting to a combined 2,700 seasonal workers as the automakers curtails production amid weaker demand, according to a media report.
Polillo, a remote island in the northeastern Philippines with poor road infrastructure and no public transport, is set to get a taste of mobile banking long before the developed world does.
European stocks see a fresh round of selling on Thursday on concerns of a lingering global recession that few firms will be able to escape.