The fourth-quarter net profit of Hyundai Motor Co. dropped 22%, hurt by the weakened ruble and higher costs related to product warranties, as The Wall Street Journal reports...
China will build a 4,350-mile (7,000-kilometer) high-speed rail line from Beijing to Moscow, at a cost of 1.5 trillion yuan ($242 billion), Beijing’s city government said on the social networking site Weibo, China's equivalent of Twitter...
Central-bank officials said the European Central Bank Executive Board has proposed quantitative easing of 50 billion euros ($58 billion) a month until the end of 2016 Big Decision tomorrow waiting for big moves...
Market movers today We expect US building permits and housing starts to surprise on the upside. The MBA purchase mortgage application index has increased substantially in the past two weeks and employment in the construction sector in December was a significant positive surprise...
Starting with the previous build, MetaTrader 4 for iPhone and iPad became compatible with iOS 8. The new version provides even more significant changes. Below are the three reasons why you should update your application right now: New MetaTrader 4 iOS features improved financial news...
According to a poll released on Tuesday by consultants PwC, senior European executives have largely given up hope of an economic upturn this year...
If anyone had any doubt how severely the global economy has been distorted by the actions of central bankers, the "surprise" announcement last week by the Swiss National Bank (SNB) to no longer peg the Swiss franc to the euro should provide a moment of crystal clarity...
BHP Billiton has reduced oil and gas spending in order to protect its balance sheet and shareholder dividends in the face of plunging commodity prices. The move had been expected after fellow US shale companies BP and Schlumberger laid off thousands of workers...
KPMG, the administrators for Alpari UK customers have released an FAQ on the current situation. Here’s the key points Client money held in segregated accounts where there are sufficient funds to repay all eligible clients in full will be returned to clients...
This week world leaders, top businessmen and campaigners will be discussing issues from climate change to political instability at the World Economic Forum in Davos, Switzerland...
As Bloomberg reports, Schlumberger Ltd (SLB), the world’s largest oilfield services company, will pay $1.7 billion for a stake in Russia’s biggest driller, Eurasia Drilling Co. (EDCL...
Petrol prices in Melbourne, the second largest city in Australia, have fallen to a six-year low, according to ABC. Several outlets reportedly sell unleaded fuel for less than a dollar a litre...
The Financial Markets Authority knew bust forex broker Global Brokers NZ was in breach of financial regulations, but appears to have taken no action...
Switzerland’s technologically innovative and ultra-secure Dukascopy Bank has announced today that it will cover any negative client balances which arose due to the Swiss National Bank’s decision to remove the 1...
The $400 million of cumulative losses that Citigroup Inc. (C:US), Deutsche Bank AG and Barclays Plc (BARC) are said to have suffered from the Swiss central bank’s decision to end the cap on the franc may be followed by others in coming days...
Oxfam research, published this Monday, has shown that the share of the world’s wealth owned by the best-off 1% has increased from 44% in 2009 to 48% in 2014, while the least well-off 80% currently own just 5.5...
Dubai Islamic Bank announced the pricing of a $1 billion Tier One capital-eligible issuance with a perpetual (non-call six) maturity, CPI Financial reported. The issuance carries a profit rate of 6.75 per cent and mirrors the solid demand and confidence investors have in the institution...
British hotels and shops saw spending by Russians fall 28% in 2014 mainly due to the plunge in the rouble, as BBC reports. Russians had been among the top five biggest-spending non-EU tourists in the UK, but have now fallen out of the top ten...
Greece's leftist Syriza party, which widened its opinion poll lead over the ruling conservatives ahead of the Jan. 25 vote, has stated it will cancel austerity imposed under the bailout and call for an international conference to renegotiate debts of Greece and some other euro zone states...
Commerzbank expects gold to bottom out around $1,125 in Q2 of 2015. “We expect the gold price to remain under pressure initially in the first half of next year on the back of growing speculation about increasingly imminent interest rate hikes in the US...
