UBS tops global wealth manager ranking, Bank of America second

July 10, 2013
UBS tops global wealth manager ranking, Bank of America second

UBS  won back the place of world’s largest private bank due to a raise in new client funds which surged last year. The inflow of fresh clients indicates a recovery in investors’ confidence in economy. The Bank of America came second, from previously leading the ranking. The Swiss bank edged […]

Read more ›

BlackBerry’s CEO to stick to 3-stage transformation plan

July 10, 2013
BlackBerry’s CEO to stick to 3-stage transformation plan

The CEO of BlackBerry Inc. Thorsten Heins told shareholders on Tuesday that the smartphone company is still in the early days of its “transformation” and blamed the stock’s recent fall on expectations from Wall Street that were too high. BlackBerry CEO explained in details what the next phase consists of. […]

Read more ›

US stocks surge for 4th day, optimism grows

July 10, 2013
US stocks surge for 4th day, optimism grows

US stocks advanced for a fourth day in a row as companies expect to post highly positive earnings which supports arguments the economy is strong enough to sustain itself after a possible stimulus tapering. The benchmark index gained 2.4% for four days as positive employment data. Investors would be provided […]

Read more ›

US stock futures rose, Tesla joins Nasdaq

July 9, 2013
US stock futures rose, Tesla joins Nasdaq

US stock futures advanced suggesting a raise in S&P 500 which would be the longest streak of the index in more than a month. Investors stay optimistic of upcoming earnings season. Futures on the S&P 500 Index expiring in September rose 0.4% to 1,641.5 at 8:30 a.m. in New York. […]

Read more ›

Facebook launches Graph Search – a social-network search tool

July 9, 2013
Facebook launches Graph Search – a social-network search tool

The tool was launched January this year for only limited number of public. On Monday Facebook turned on Graph Search for all US site version users, expanding the test program to tens of millions users. The new tool allows people to easily find nearly anything indexed on Facebook, giving them […]

Read more ›

Vodafone’s “simplified” charge policy hits customers

July 9, 2013
Vodafone’s “simplified” charge policy hits customers

Vodafone angered its UK customers by implementing “simplified” call charge changes. The new company decision would raise prices up to 92% as the mobile operator announced it will charge by minute not by the second. This means that if a phone conversation lasts 62 seconds the customer is charged for […]

Read more ›

US stock advanced before company earnings season starts

July 9, 2013
US stock advanced before company earnings season starts

Main US stock indexes grew yesterday as investors are focusing at the second quarter earnings data and aid for Greece was approved. The S&P 500 rose 0.5% to 1,640.46 at 4 p.m. in New York, the highest in three weeks. The Dow Jones Industrial Average added 88.85 points, or 0.6% […]

Read more ›

Alcoa forecast growth of demand

July 9, 2013
Alcoa forecast growth of demand

Alcoa the largest US aluminium producer estimates demand growth of 7%. The high demand, driven by the aerospace and commercial transportation sectors, should combine with industry-wide production cuts to reduce the market saturation that has driven down aluminum prices by 13 percent this year. Alcoa on Monday confirmed its demand […]

Read more ›

Hyundai to raise ship prices

July 8, 2013
Hyundai to raise ship prices

Hyundai Heavy Industries Co., the world’s largest shipbuilder, intends to raise prices as demand for fuel-efficient vessels helps it offset the global crisis hurting Chinese yards. Company forecasts orders to exceed target of $11.3 billion. “The big focus right now is on fuel efficiency,” Ka Sam Hyun, executive vice president […]

Read more ›

US stock futures gained as stimulus tapering seems closer

July 8, 2013
US stock futures gained as stimulus tapering seems closer

US stock index futures advanced indicating the Standard & Poor’s 500 Index will gain for a third day as last week jobs data exceeded expectations and boosted speculations on Federal Bank that may taper stimulus as soon as September this year. Future contracts on the S&P 500 Index expiring in […]

Read more ›