World

Expected to close in early 2016, deal marks a key step in restructuring of BP’s global petrochemicals business BP has agreed to sell its petrochemical complex in Decatur, Alabama, to Indorama Ventures Public Company Limited, as part of a previously announced effort to refocus its global petrochemicals business for improved profitability and long-term growth. The […]

Facebook shares (NASDAQ:FB) are now in an equilibrium phase. The price might break out of the current range, but a downward movement is much more likely (though an uptrend cannot be ruled out). From July to October 2015, the price went upward, with occasional pullbacks along the way. The price then consolidated in the last […]

We recently asked 1,500 Australians ‘Who would be the ideal manufacturer of their first self-driving car?’, the results were surprising and may point to further disruption across industry sectors. Overall, around a quarter of the respondents said Mercedes-Benz would be the ideal manufacturer, closely followed by Tesla and Google with just under 20%. While the […]

GOLD (XAUUSD) Long-term bias: Bearish In 2015, Gold topped at 1307.35 and later reached a low of 1046.21. Gold was engaged in perpetual and persistent downtrend, trapping bulls with short-term bullish movements. It is completely irrational to open long trades in the market, because the bears have really made their presence felt for a long […]

Issue of up to £5.0 million of Equity Vast Resources plc, the AIM listed mining company with operations in Zimbabwe and Romania,has entered into an agreement with Crede CG III Ltdaccording to which it will subscribe for new ordinary shares of 0.1p each in the Company in order to raise up to £5.0 millionand associated […]

Appointments of Vice Presidents of Operations for the U.S. and Canadian Fleets Rand Logistics, Inc. (NASDAQ:RLOG)today announced the Company has appointed Captain Paul J. Joaquin and Captain Gerald “Gerry” J. Ray as Vice Presidents of Operations for the U.S. and Canadian fleet, respectively, effectively immediately. Captains Joaquin and Ray will have executive responsibility for the […]

Highest number of U.S. IPO listings and exchange listing transfers for third consecutive year – New listings in 2015 include Atlassian, Blue Buffalo, CSX, KraftHeinz, Match Group, PayPal, T-Mobile US and TD Ameritrade Nasdaq (Nasdaq:NDAQ) welcomed 275 new listings, including 143 initial public offerings (IPOs) raising $16.6 billion, to the Nasdaq Stock Market in 2015. […]

Appoints Scott Morrison to Board of Directors Global Blood Therapeutics, Inc. (GBT) (NASDAQ:GBT), a biopharmaceutical company developing novel therapeutics for the treatment of grievous blood-based disorders with significant unmet needs, today announced the appointment of Scott Morrison, who brings 35 years of financial experience helping life sciences companies excel from start-up, through...

The GBP/USD moved down by 170 pips last week, closing below the distribution territory at 1.4750. There is still a great probability that the market could continue going further south, because the outlook on the GBP/USD (including other GBP pairs) is bearish. The price might test the accumulation territories at 1.4700 and 1.4650 this week. […]

Here’s the market outlook for the year: EURUSD Long-term bias: Bearish EURUSD was generally bearish in 2015, reaching a low of 1.0462 and a high of 1.1712. The last week of that year was bearish, and the bearishness could continue till February 2016. From February to April, we would witness serious bullish effort, which would […]