Category Archives: Finance

01Jul/15

UK stock markets calm despite Greek default

UK traders consider the consequences of a possible ‘Grexit’ on the European markets.

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25Jun/15

Apple mints money off Watch bands

(Reuters Business Report) – You likely bought extra bling when you bought your Apple Watch. What you didn’t know is just how much money Apple is making off of it. Reuters has learned that nearly a fifth of Apple Watch buyers wind up shelling out for spare bands. The top seller is the $49 black Sport Band made of synthetic rubber. Believe it or not, tech research firm IHS says that only costs Apple about $2 to make. While that doesn’t account for the packaging, shipping, and materials costs, that’s a whopping profit margin.
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15Apr/15

France says Alcatel can reconquer lost markets with Nokia tie-up

French Economy Minister Emmanuel Macron says the Nokia and Alcatel-Lucent tie up is a chance to create a “great European champion”.

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26Mar/15

H&M braces for dollar headwinds

(BVO) – Sales at Sweden’s H&M continue to soar.

The budget fashion retailer beat expectations in the first-quarter delivering pre-tax profits of $551 million dollars.

Sales in local currencies rose 15 percent.

But a strong dollar is causing problems – pushing up costs for the world’s second largest fashion retailer and others.
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26Mar/15

London launches Europe’s first yuan money market fund

China Central Television (CCTV) – The London Stock Exchange on Wednesday launched a yuan-denominated money market fund, allowing investors direct access to the Chinese interbank lending market.
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