Official Exchange rates

Exchange rates in the Forex Market - daily refresh

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01. Dec 2020 1.2588 1.2588 0.0092 1.0394 0.7415 0.6933 0.6432 0.1079 0.1508 0.1060
30. Nov 2020 1.2588 1.2588 0.0092 1.0394 0.7415 0.6933 0.6432 0.1079 0.1508 0.1060
29. Nov 2020 1.2588 1.2588 0.0092 1.0394 0.7415 0.6933 0.6432 0.1079 0.1508 0.1060
28. Nov 2020 1.2588 1.2588 0.0092 1.0394 0.7415 0.6933 0.6432 0.1079 0.1508 0.1060
27. Nov 2020 1.2588 1.2588 0.0092 1.0394 0.7415 0.6933 0.6432 0.1079 0.1508 0.1060
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U.S. Index Futures Slide After Trump Tests Positive for Covid-19

02. Oct 2020 06:08:29 | finance.yahoo.com

(Bloomberg) -- U.S. index futures dropped after President Donald Trump announced Friday that he and First Lady Melania Trump had tested positive for Covid-19, sparking a selloff in riskier assets.December contracts on the S&P 500 fell 1.6% as of 7:05 a.m. in London, after sliding as much as 2%. Futures on the Dow Jones Industrial Average dropped 1.7% and those on the Nasdaq 100 Index lost 1.9%. In a memo released early Friday morning in the U.S., Trump’s physician said that the president and ...

Twilio To Top 3Q Sales Fueled By Cloud Demand; Shares Surge 10%

02. Oct 2020 06:11:30 | finance.yahoo.com

Shares of Twilio soared 9.8% in Thursday's extended trading session after the company said revenues for the quarter ended September 30, 2020 (third-quarter) will be higher than its previously announced guidance.In an SEC filing, Twilio (TWLO) said “that it preliminarily expects that total revenue for the quarter ended September 30, 2020 will be ahead of the Company’s previously issued guidance of $401 million to $406 million.” Wall Street analysts are projecting 3Q revenues of $403.7 million,...

Market Watchers Warn of Deeper Selloff as Trump Tests Positive

02. Oct 2020 06:23:28 | finance.yahoo.com

(Bloomberg) -- Investors are warning against higher volatility and a potentially deeper selloff in risk assets after the news of President Donald Trump and the First Lady testing positive for Covid-19 shattered the calm in global markets Friday.U.S. equity futures slumped as much as 2% and Asian stocks also declined following the announcement. The dollar and the yen climbed as the news stoked risk aversion. VIX October futures jumped almost 12%.“Markets hate uncertainty and this ticks all tho...

Exxon Q3 Earnings Guidance Falls Well Below Analyst Estimates

02. Oct 2020 06:26:13 | finance.yahoo.com

Exxon Mobil Corporation (NYSE: XOM), in a filing with the U.S. Securities and Exchange Commission on Thursday, disclosed that its third-quarter earnings could fall well below analyst estimates, primarily due to the pandemic effect.The company estimates earnings for the quarter to be anywhere between a loss of 68 cents and a profit of 7 cents. This is significantly lower than the average analyst consensus of 7 cents loss, according to the Refinitv data reported by Reuters.Exxon is expected to ...

Ligand Closes $438M Pfenex Deal; Street Sees 84% Upside

02. Oct 2020 06:30:02 | finance.yahoo.com

Ligand Pharmaceuticals announced that it has completed the acquisition of Pfenex Inc. for $437.5 million in cash. The biopharmaceutical company said that it would make a “contingent payment of $78 million in cash if a certain specified milestone is achieved.” The deal was announced in August this year. Ligand shares closed 3.02% higher on Thursday.Ligand (LGND) expects the Pfenex deal to boost royalties by 50% annually and to contribute $60 million of total revenue in 2023.“The acquired prote...

Amag Pops 45% On Covis Takeover Nod

02. Oct 2020 06:33:09 | finance.yahoo.com

Shares of Amag Pharmaceuticals climbed 45.2% on Thursday after the company approved a takeover bid by Covis Pharma. The transaction is expected to be completed in November this year.Covis will pay $13.75 in cash for each outstanding shares of Amag Pharmaceuticals (AMAG), representing a premium of 46% from the stock's closing price of $9.40 on Sept. 30. According to Amag, the deal is valued at “approximately $498 million on a fully diluted basis and approximately $647 million on an enterprise ...

The Guardian view on a national infrastructure bank: proving Keynes right again | Editorial

30. Nov 2020 18:37:37 | www.theguardian.com

The question is not whether the state picks losers, but whether government failure is better – or worse – than the market failure it seeks to correctRichard Nixon, a Republican president, apparently declared in 1971 that “we are all Keynesians now”. Mr Nixon seemed to admit that a serious shift in thought on the right of politics had occurred. But the decades of Thatcherism and Reaganism proved it to be a rhetorical move, not an ideological one. Rishi Sunak, the Conservative chancellor, attem...

Has political consensus become a pipe dream? | Letters

30. Nov 2020 17:11:27 | www.theguardian.com

Doug Simpson, Dr Nicholas Falk and Susan Zagor respond to an article by Martin Kettle on the polarisation of politics. Plus Terry Ward on Labour’s source of inspirationPerhaps the liberal democratic managed capitalism desired by Martin Kettle did exist in the 1950s, including the new welfare state in the UK (The toxic polarisation of our politics can be reversed, but it will take humility, 26 November). It didn’t prove robust – the Conservatives moved to the right and embraced free-market cap...

UK mortgage demand at highest in 13 years despite Covid crisis

30. Nov 2020 11:16:14 | www.theguardian.com

Stamp duty cut contributes to property boom but Britons cautious about credit card debtUK mortgage approvals reached their highest level in 13 years last month as tighter Covid-19 restrictions failed to dent strong demand for home loans.Figures from the Bank of England showed there were 97,500 loans approved by lenders in October – the highest figure since September 2007, the month at the start of the financial crisis when queues formed outside branches of Northern Rock. Continue reading...

Arcadia on brink of collapse; record month for stock markets – business live

30. Nov 2020 07:48:18 | www.theguardian.com

Rolling coverage of the latest economic and financial newsLatest: Mike Ashley offers £50m emergency loanIntroduction: Philip Green’s Arcadia on the brinkFears over pensions black holeNovember has been best month for markets ever 7.48am GMT My colleague Zoe Wood has analysed how Sir Philip Green’s empire, which once dominated the high street, is now teetering on the edge of administration.The 68-year-old businessman has been trying to extricate himself from Arcadia without loss of face for som...

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