Investment News Offshore account

Brightpoint Shares Fall On Revised 2012 Outlook – Update

admin — Wed, 22 Feb 2012 10:12:40 +0000

Shares of Brightpoint, Inc. (CELL) fell more than 5 percent in extended trade on Tuesday after the provider of supply chain solutions to the wireless industry lowered the high end of its fiscal year 2012 earnings forecast range. Brightpoint Shares Fall On Revised 2012 Outlook – Update is a post from: forex

Brightpoint Shares Fall On Revised 2012 Outlook – Update is a post from: forex

Brocade Communications Shares Rise As Q1 Profit Tops View – Update

admin — Wed, 22 Feb 2012 10:12:40 +0000

Shares of Brocade Communications Systems Inc. (BRCD) Tuesday gained 6 percent in extended trade on Tuesday after the network gear maker reported a profit for the first quarter that more than doubled from last year. Brocade Communications Shares Rise As Q1 Profit Tops View – Update is a post from: forex

Brocade Communications Shares Rise As Q1 Profit Tops View – Update is a post from: forex

China PMI Improves Marginally

admin — Wed, 22 Feb 2012 08:23:16 +0000

G10 Advancers and Decliners vs USD
	GBP	0.08
	CHF	0.02
	EUR	0.01
	JPY	-0.30

Risk appetite has been slightly increased during the Asian session, sending equity indices marginally higher and providing EURUSD with time to consolidate gains. Clearly the market is still digesting the implications of the Greek bailout package. The trigger for this turnaround in risk sentiment was the overnight release of China’s China HSBC flash PMI improves to 49.7, from 48.8 in January but…

China PMI Improves Marginally is a post from: forex

GBPUSD: Trading the Bank of England Minutes

admin — Wed, 22 Feb 2012 08:23:11 +0000

The Bank of England Minutes presents the biggest event risk for the British Pound and the policy statement may prop up the sterling should the central bank talk down speculation for additional monetary support. GBPUSD: Trading the Bank of England Minutes is a post from: forex

GBPUSD: Trading the Bank of England Minutes is a post from: forex

FDA Puts GTX Capesaris Trials On Hold; Shares Down

admin — Tue, 21 Feb 2012 16:09:29 +0000

Memphis, Tennessee-based biopharmaceutical company GTx Inc. (GTXI) said Tuesday that the U.S. FDA has placed a clinical hold on its phase II trials evaluating Capesaris for first line treatment of advanced prostate cancer and secondary hormonal therapy. The company also reported a wider loss for the last quarter of the year. FDA Puts GTX Capesaris [...]

FDA Puts GTX Capesaris Trials On Hold; Shares Down is a post from: forex

Eurozone Finance Ministers Reach Greece Deal

admin — Tue, 21 Feb 2012 12:21:53 +0000

G10 Advancers and Decliners vs USD
	EUR	0.34
	CHF	0.27
	GBP	0.04
	JPY	-0.19

Risk firmed as the much anticipated Greek second bailout package was passed by the Eurogroup finance ministers. Dow Jones reported that financing on the deal would total 130bn euro and that Debt to GDP would wall to 121% by 2020. In addition, the news wires reported that private creditors would accept a deeper haircut, expected to be over 53%. On the news of the Eurogroup and PSI agreement,…

Eurozone Finance Ministers Reach Greece Deal is a post from: forex

USD/CAD: Trading Canada’s Retail Sales Report

admin — Tue, 21 Feb 2012 12:21:48 +0000

Retail spending in Canada is expected to contract 0.1% in December and a drop in private consumption may spark a bearish reaction in the Canadian dollar as the data casts a weakened outlook for the region. USD/CAD: Trading Canada’s Retail Sales Report is a post from: forex

USD/CAD: Trading Canada’s Retail Sales Report is a post from: forex

Leighton Unit Receives $515 Mln Contract For Dubai Hotel Project

admin — Tue, 21 Feb 2012 07:08:32 +0000

Australian construction company Leighton Holdings Ltd. (LGTHF.PK, LEI.AX) said late Monday that one of its business units has received a $515 million contract to build a luxury hotel complex in Dubai. Leighton Unit Receives $515 Mln Contract For Dubai Hotel Project is a post from: forex

Leighton Unit Receives $515 Mln Contract For Dubai Hotel Project is a post from: forex

Cabot Oil & Gas Q4 Profit Drops – Update

admin — Tue, 21 Feb 2012 07:08:31 +0000

Independent natural gas producer Cabot Oil & Gas Corp. (COG) reported Monday a profit for the fourth quarter that dropped from last year, as lower realized commodity prices during the quarter was partially offset by higher production and revenue growth. Excluding items, adjusted earnings per share for the quarter doubles and topped analysts’ expectations. Cabot [...]

Cabot Oil & Gas Q4 Profit Drops – Update is a post from: forex

China Cuts RRR

admin — Mon, 20 Feb 2012 16:20:17 +0000

G10 Advancers and Decliners vs USD
	CHF	0.41
	EUR	0.36
	GBP	0.18
	JPY	0.14

Risk appetite firmed as cut China the RRR by 50bp and Greek cabinet has approved further austerity measures of €125mio over the weekend. EURUSD consolidated its gains around the 1.3200 but momentum has clearly stalled. Greece will be the key item on the agenda of the Eurogroup today and we suspect that appetite for new positions will remain light. With issues emanating from Iran, oil continues to…

China Cuts RRR is a post from: forex