EUR/USD is certainly already on the move, thanks to the big dollar dive. To be fair, this assessment from Danske was released before the move. Here is their reasoning: Here is their view, courtesy of eFXnews: One argument for a lower EUR/USD: – Relative rates: still in favour of USD… …but several arguments for a […]
FORD is to cut jobs across Europe as it steps up a £137million efficiency drive. read more >>> Source : The Daily Express
When oil exporter Azerbaijan signed up to host its first ever Formula One Grand Prix this year along an esplanade in its capital, the government promoted it as an opportunity to showcase the country’s new confidence. Now, with the economy in a state of crisis and police in some parts of the country using tear […]
Wells Fargo reaches an agreement with US authorities to pay $1.2bn to settle claims in improperly certified loans for federal mortgage insurance. read more >>> Source : BBC
CAPE CANAVERAL, Fla., Feb 3 (Reuters) – U.S. private space companies Space Exploration Technologies and United Launch Alliance, a partnership of Lockheed Martin and Boeing N>, have scheduled more than 30 launches from Florida this year, up from 18 last year, according to company and Air Force officials. read more >>> Source : Reuters
Toyota is doing away with its Scion brand, as the automaker repositions the line of funky small vehicles which launched more than a decade ago to attract young North American buyers. read more >>> Source : CBC.Ca
There was a time when fast-growing, U.S.-listed China firms with healthy charts were a dime a dozen. Fast growers are still out there (see Autohome (ATHM), Vipshop (VIPS) and Noah Holdings (NOAH)), but their charts have suffered a lot of technical damage due to waves of institutional selling in recent months. On Wednesday, IBD’s Global […]
The 30-second ad will highlight the weight of financial distress. read more >>> Source : BankRate.Com
Ukraine’s economy minister tendered his resignation Wednesday, citing political pressure and corruption. Aivaras Abromavicius said the country’s leadership had routinely blocked his reform efforts and that the economy ministry was at the mercy of corrupt vested interests. “Neither me, nor my team have any desire to serve as a cover-up for the covert corruption, or […]
Tortoise Capital Advisors Managing Director Rob Thummel explains his forecast for oil and what areas of energy his long-only funds are focused on. read more >>> Source : CNBC.Com
Despite harsh words for banks, online lender SoFi is more similar to banks than it would have you believe. read more >>> Source : BankRate.Com
CHICAGO, Feb 3 (Reuters) – U.S. January Class 8 truck orders fell 48 percent on the year, preliminary data from freight transportation forecaster FTR showed, indicating that 2016 could be another weak year for truck makers. read more >>> Source : Reuters
Research shows companies reporting late in the season see their stock fall further and faster than those reporting early. read more >>> Source : CNBC.Com
The University of British Columbia’s finance committee has voted against selling off the school’s fossil fuel holdings. read more >>> Source : CTVNews.Ca
As the founder and CEO of OneIMS and Clickx, Solomon Thimothy has built his career around his passion for helping other businesses grow an online presence and thrive in the digital world. Solomon works with clients big and small to develop uniquely customized and highly-effective marketing strategies that meet every company’s individual goals. Most entrepreneurs […]
* Lowe’s chief development officer, intl, says cannot guarantee all Rona jobs until it completes due diligence read more >>> Source : Reuters
Economists are upbeat about this week’s jobs report, despite financial market woes. read more >>> Source : BankRate.Com
Wall Street money is flowing to presidential candidates Marco Rubio and Hillary Clinton, and away from former favorite Jeb Bush. read more >>> Source : CNBC.Com
As democratic strategist James Carville was fond of saying during the Clinton presidency, “It’s the economy, stupid.” Well, fast forward to 2016: “It’s the Creative Economy, Stupid.” And every man, woman and child will be affected as the new global economy changes employment, education, and economic competitiveness and a whole lot more. Business knows better […]
Tim Hortons’ quintessentially Canadian contest, Roll Up The Rim, is back this year with a few tweaks to the contest, including an adjustment to make it easier to claim gift cards. read more >>> Source : CTVNews.Ca
SAO PAULO, Feb 3 (Reuters) – Logistics firm Hidrovias do Brasil plans to start exporting from a new grain terminal in the Brazilian Amazon in July, serving international merchants, CEO Bruno Serapião said. read more >>> Source : Reuters
ONLINE shopping giant Amazon is set to open hundreds of physical book stores in a bid to extend its internet dominance into the high street, according to reports. read more >>> Source : The Daily Express
Goldman Sachs just named Jim Esposito, who had been cohead of the bank’s global financing group, as chief strategy officer in the securities division on Wednesday. The memo announcing the move, which was obtained by Business Insider and confirmed by a spokesman, highlights some of the challenges the bank faces in sales and trading. The […]
Highly unusual weather has damaged Cuba’s tobacco crop, raising concerns among farmers and cigar-lovers that the island’s supply of its famous cigars might suffer at a time of increased demand resulting from detente with the United States. The weather phenomena El Niño led to Cuba’s worst drought in a century in 2015, followed by heavy […]
TRAVELLERS are avoiding Paris this Valentine’s Day, as fears over safety continue to dent France’s tourism industry and the country’s hopes of economic recovery. read more >>> Source : The Daily Express
ATHENS, Feb 3 (Reuters) – International lenders were locked in talks with Greece in a crucial first assessment of compliance with bailout terms on Wednesday, the eve of a national strike called to protest at pension reforms mandated by the deal. read more >>> Source : Reuters
Embezzlement and fraud have become rampant in Afghanistan. But experts say the U.S. can’t back out now. read more >>> Source : CNBC.Com
Breaking up AIG would hurt our shareholders, customers and employees, says CEO Peter Hancock. This is what we’re doing instead to boost our business. read more >>> Source : CNBC.Com
We typically think of oil as being a valuable commodity, but after significant price drops over the last 18 months, “black gold” is now cheaper than some pretty basic products. Produced by Alex Kuzoian and Sara Silverstein Follow BI Video: On Facebook Join the conversation about this story » read more >>> Source : BusinessInsider.Com
LVMH’s shares rise 4.5% after it posts record annual sales despite weakness in China, although profits were lower than expected. read more >>> Source : BBC
* 10-year Treasury yields fall to 1-year low (Updates with opening of U.S. markets; pvs dateline London) read more >>> Source : Reuters
The company behind the proposed Energy East pipeline has signed a deal with a power equipment manufacturer and says the decision will create up to 120 jobs in Quebec. read more >>> Source : CTVNews.Ca
When the Bank of Japan cut rates to negative, USD/JPY rallied. The gains are now gone. Deutsche Bank explains: Here is their view, courtesy of eFXnews: As USD/JPY has fallen again, Deutsche Bank is out with a note arguing that with the surprise BoJ impact having ended, the market is taking a more sober look […]
Get this. It’s a crazy story but true. A friend just shared it with me. A team heads into a meeting with the general manager of a division. He strolls in late, puts his feet up on the table, sneers at the presenter while she is speaking, and then blurts out, “That’s really stupid.” How […]
Feb 3 (Reuters) – Fiat Chrysler said it was recalling half a million Dodge Chargers worldwide to supply wheel chocks as there was a risk of these vehicles slipping off the jack when tires are being changed. read more >>> Source : Reuters
British Airways will resume flights to Tehran from July, its parent company said on Wednesday. read more >>> Source : BBC
The Calgary-based company planning to build the Energy East pipeline says it has signed a provisional multimillion-dollar order for the construction of 22 modular enclosures along the pipeline route. read more >>> Source : CBC.Ca
Every quarter social media companies report the staggering amounts of users they added over the previous few months, but sometimes it’s hard to visualize how big all of these numbers actually are. Business Insider put together a chart comparing the populations of the seven most populous countries in the world with the monthly active user […]
BAKU, Feb 3 (Reuters) – The International Monetary Fund urged Azerbaijan on Wednesday to boost reforms and diversify its economy in order to withstand a plunge in global crude prices which has badly… read more >>> Source : Reuters
Hellmann’s has figured out that if you can’t beat them, you might as well join them. After suing a vegan mayo maker for false advertising, Hellmann’s parent company Unilever is launching its own eggless spread. The company said Tuesday that its first eggless version of Hellmann’s will hit shelves later this month under the label […]
Toyota is discontinuing its Scion brand, aimed at younger car buyers, after years of slumping sales. read more >>> Source : CTVNews.Ca
Jason Smikle is a Co-Founder/CEO of fNograph, a video-based platform that helps brands observe and interview consumer segments from around the world. Most successful companies are “consumer-first.” And while your job might be hectic at times, your success is ultimately connected to whether or not your product actually helps the consumer solve a problem. But […]
INTERNET giant Yahoo is under pressure to stop millions of pounds worth of tusks and ivory being sold through its Japanese site to help curb the illegal slaughter of hundreds of elephants. read more >>> Source : The Daily Express
* GM says Europe has right cost structure in place (Recasts, adds comments from GM CFO) read more >>> Source : Reuters
A classic 1957 Ferrari is set to become the most expensive car to sell at a European auction this Friday. read more >>> Source : CNBC.Com