Microsoft announced this morning that it has agreed to buy Skype for .5 billion. You read that right, .5 billion for a company that is producing 0 million in EBITDA. Microsoft’s growth hasn’t been robust, for obvious reasons. The company is huge and well past its prime. It also faces significant competition for all of [...]
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EU Morning ReportFocus turns to the UK Quarterly Inflation Report The euro rose against the dollar recovering some of its losses after a successful bond auction on Tuesday. A Greek government official said that the country may receive another aid package supporting the single currency but later EU p.read more...
By Barbara Zigah (eToro Blog) J.P. Morgan reported that commodity prices tumbled last week, with the S&P’s GSCI All-metals Spot Index dropping 11.2%. That was the largest decline in nearly three years, and only the second in eight years. Analysts can’t pinpoint any single thing that could have triggered the liquidation, citing instead a whole More >read more...
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U.S. stocks open higher; Microsoft shares drop 1.5% after Skype deal newsread more...
European stock markets were little changed in choppy trade, supported by positive sessions in the U.S. and Asia but unable to make significant headway amid lingering worries about sovereign debt.read more...
Chinese data printed mixed today but had limited impact on currency trade as traders generally ignored the prospect of further tightening by Chinese monetary officials. Chinese CPI printed at 5.3% a bit hotter than 5.2% eyed but lower than 5.4% the month prior. However other measures showed signs of slowdown in the broader Chinese economy.
WORLD FOREX: Euro Down On China CPI; May Fall Further
Wall Street Journal
TOKYO (Dow Jones)–The euro edged down against the dollar Wednesday in Asia, and Tokyo traders said it may face steeper declines later in the day as China's inflation data will likely weigh on global share …
FOREX: The US dollar is trading with slight gains in
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US Dollar / Canadian Dollar
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