Finance News Releases

January 30, 2013 11:29

Samsung Electronics Record Surge in Profits -- City Index Asia

Samsung Electronics have revealed a 76 per cent increase in profits for the last three months of 2012, with sales of its Galaxy smartphones thought to be a key factor in driving growth. The Korean

January 30, 2013 11:29

Yahoo Reports Rise in Quarterly Revenues -- Finspreads

Finspreads: Yahoo has revealed a rise in revenue for the fourth quarter of 2012, totalling a sum of $1.35 billion (£ 860 million), a rise of two per cent in comparison to the year before. Net incom

January 30, 2013 11:28

Anglo American Shares Rise as It Announces $4bn Project Writedown -- City Index UK

Shares in Anglo American have rallied in London this morning (January 29th), as the company has announced it is writing off $4 billion (£2.5 billion) after a review of one of its projects. Read Ful

January 30, 2013 11:25

Court Ruling Delays Peugeot Job Cuts -- Finspreads

A French court has order the suspension of restructuring plans by car manufacturer Peugeot Citroen, claiming the company had not adequately consulted employees. The plans, which could see the loss of

January 29, 2013 19:40

Gold Stocks Down as US Treasuries Commence the Journey of a Lifetime -- City Index UK

City Index UK: The very hint of a possible change in US monetary policy has all other counter currencies moving. The Fed is still far from shifting its accommodative stance but with bond yields ap

January 29, 2013 11:08

China Shares Enjoy Best Day in Fortnight -- City Index UK

City Index UK: Chinese shares enjoyed their best day in two weeks today (January 28th), helping to boost both the Shanghai SSE Composite and the Hong Kong Hang Seng. Read Full Article at cityindex.

January 29, 2013 11:06

Premier Foods Chief Steps Down -- Finspreads

Finspreads: Premier Foods, the firm behind well-known brands such as Hovis, Bisto, and Oxo, saw its shares slip during early trading in London today (January 28th), after the announcement of chief exe

January 29, 2013 11:04

Asian Stock Markets Enjoy a Mixed Friday -- City Index Asia

City Index Asia - Stock markets in Asia enjoyed mixed success on Friday (January 25th), with the Nikkei yet again capitalising on a weak yen to make up more ground, while South Korea's Kospi continued

January 29, 2013 10:09

Citibank Korea Inc. launches ‘Lunar New Year’ promotion

Citibank Korea Inc. (CEO Yung-Ku Ha, www.citibank.co.kr) announced to launch “Lunar New Year” event at Homeplus offering up to 30% D/C on Lunar New Year gift boxes and “Every day Citicard” event with

January 28, 2013 15:13

Take Emotions out of Your Trades With City Index Australia

City Index Australia: It‘s often quoted that a trader’s worst enemy is himself. And for the most part, it's true. Fundamentally speaking, there are three main ways that a trader can keep his mental

January 28, 2013 10:50

Apple's Difficulties Continue as Shares Tumble -- Finspreads

Finspreads: Apple has recorded its biggest one-day drop in stock for four years, with investors beginning to question whether its dominance in the smartphone market is set to come to an end. The Ca

January 28, 2013 10:49

Robert Cormie Appointed Head of BMO's Private Banking Business in Hong Kong and Singapore

BMO Financial Group today announced the appointment of Robert Cormie as Regional Vice President & Managing Director, Private Banking Asia. Mr. Cormie will lead the growth of the bank's private banking

January 28, 2013 10:47

K-Swiss to Be Bought out in $170 Million Deal -- City Index Asia

City Index Asia -- South Korean conglomerate E. Land World has announced it will buy the stock of sneaker company K-Swiss for $4.75 a share, a total equity value of around $170 million. E. Land ope

January 28, 2013 10:47

UK GDP Contracts Deeper Than Expected at -0.3% in Fourth Quarter -- City Index UK

City Index UK: UK growth contracted deeper than expected in the fourth quarter by -0.3% when GDP had been expected to contract -0.1%. The figures showed that the UK failed to grow at all in 2012. R

January 28, 2013 10:33

CKI, Carrying out Mentoring Program for Teenagers from Multi-Cultural Families

Citibank Korea Inc. (CEO Ha, Yung-ku, www.citibank.co.kr) had a mentor-mentee matching ceremony for “Citi-JA Hero program” with JA Korea (www.jakorea.org), a non-profit financial education institution

January 25, 2013 10:55

The Tools of the Trade at City Index Australia

City Index Australia: The emerging technology of market trading has meant there are a number of new ways to play. Let's take a look at a few of them. Currencies Foreign exchange trading is a

January 25, 2013 10:53

Have Apple Shares Run out of Steam? -- City Index UK

City Index UK: Apple announced its first quarter results after market close last night and roundly disappointed investors by missing market expectations. Luckily for some, spread betting is a grea

January 25, 2013 10:50

Traders Learn the Ropes With City Index Asia

City Index Asia -- It’s certainly a turbulent time to trade in the financial markets. The volatility caused by the recession and financial crisis means that there’s a lot to potentially gain or lose i

January 24, 2013 11:23

Nikkei Continues to Slide -- Finspreads

Finspreads: Japan's Nikkei fell for a third consecutive day at the close of trading on Wednesday (January 23rd), with shares retreating on the back of a stronger yen. A stronger yen hit shares in m

January 24, 2013 11:22

Nikkei Records 10th Consecutive Weekly Gain -- City Index Asia

City Index Asia -- Japan‘s Nikkei index rose an average of 2.86 per cent to record another weekly gain for the 10th consecutive week, the market’s biggest winning streak since 1987. The gains have bee

January 24, 2013 11:21

What to Make of Apple's 31% Decline & Will Gold Remain Supported? -- City Index UK

City Index UK: What to make of Apple‘s 31% decline over the last five months against equity indices’ resilience near five-year highs? And will gold remain supported by the mercy of central bankers?

January 24, 2013 10:29

NASDAQ OMX Hosts 8th Annual Opening Bell From the World Economic Forum Annual Meeting in Davos, Switzerland

What: The NASDAQ OMX Group, Inc. will open its market remotely from Davos, Switzerland at the World Economic Forum Annual Meeting. On Thursday, January 24th, NASDAQ OMX Chief Executive Officer, Bob Gr

January 24, 2013 09:06

NASDAQ OMX Chosen to Power New East Africa Exchange

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that it has been selected as the technology partner for a new exchange, East Africa Exchange. NASDAQ OMX will deliver its widely deployed X-str

January 23, 2013 11:34

James River Capitalises on Higher Gas Prices & Sir Stuart Rose Takes Over as Chairman of Ocado - Finspreads

Finspreads: Shares in James River Coal shot up at the end of trading on the Nasdaq yesterday (January 21st), as rising gas prices continue to improve the prospects for cheaper heating alternatives thi