The U.S. online retailer Amazon.com has opened a flagship store in local competitor Alibaba Group Holding’s online marketplace, in an attempt to expand in China. Amazon has thus become Alibaba’s customer, paying a commission to the latter for each transaction...
Brazil's central bank has raised interest rates to a six-year high of 12.75% to restrain inflation. The bank said in a statement: "In assessing the macroeconomic scenario and the outlook for inflation, the Copom [the bank's monetary policy committee] decided unanimously to raise the rate by 0...
Addressing the National People's Congress (NPC), Premier Li Keqiang said China would target growth of about 7% in 2015 and pledged tighter environmental controls...
The Reserve Bank of India has lowered its policy repo rate by 25 basis points to 7.5% after making a similar cut in mid-January...
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Barclays has announced a fall in profits as it set aside more funds to cover potential fines for misconduct. The drop comes, as boss Antony Jenkins is awarded his first bonus as chief executive...
According to the new bull-case price target set Monday by Morgan Stanley, Apple Inc.’s experimentation with car technology could boost the company’s valuation beyond $1 trillion within the next 12 months from nearly $750 billion today...
According to the Markit Purchasing Managers' Index, manufacturing output in Ireland has risen to its highest level in more than 15 years. Ireland's PMI was pushed to 57.5 in February, due to accelerated growth in both new orders and production. A figure above 50 suggests expansion, says BBC...
Barclays banking group has reported a 12% rise in full-year pre-tax profits, says BBC...
The strong franc hurts Swiss companies, as it made their products more expensive in foreign markets and reduced the franc value of repatriated earnings. Bühler AG, which makes industrial food-processing machines in northeast Switzerland, exemplifies the problem...
Games firm Valve has made its long-anticipated move into virtual reality, teaming up with HTC for the Vive VR headset. Standalone device will go head-to-head with Facebook’s $2bn VR headset by the end of 2015, when both will have released commercial editions, says The Guardian...
Below are listed the events due in the period from March 2 till March 6, which are likely to influence market sentiment this week...
Tech companies LG and Huawei have unveiled a range of new smartwatches featuring metal-framed circular designs. The announcements were made on the eve of the Mobile World Congress trade fair in Barcelona...
On Sunday Samsung Electronics Co. unveiled its premium S6 and S6 Edge Galaxy smartphones, with a three-sided screen, as well as a payment software which is compatible with about 90 percent of card readers. The company tries to reverse profit declines and market-share losses to Apple Inc...
The latest MetaTrader 4 Android version features re-designed interface revised according to Google Style Guide recommendations in the same way as it was done to MetaTrader 5 Android. The mobile application functionality was not overlooked either...
Zynga announced the decision while publishing its performance report for the fourth quarter of 2014. The company said that they will cut the 71 jobs in Beijing office and the related expense of USD7 million will be included in the first quarter of 2015...
The announcement has been received by the trader community well as they realize that it will give impetus to Bitcoin’s popularity...
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On Friday, Bank of Japan Governor Haruhiko Kuroda reiterated his estimate that a moderate rebound in crude oil prices will help anchor 2% inflation "around fiscal 2015" but outlined a slip in longer-term public inflation expectations...
On Thursday Samsung Electronics Co. announced it will freeze its employees' salaries this year as part of an effort to cut costs while profits are shrinking...
