Author Archives: FinanceUpdates

Archer Daniels Midland Acquires Wild Flavors for Whopping $3 Billion

Archer Daniels Midland, the agribusiness giant is eyeing at Switzerland based private firm Wild Flavors. Wild Flavors is one of the largest suppliers of the food and beverage industry. ADM’s asking price to acquire Wild Flavor is $3.13 billion or 2.3 billion euros. It will be all-cash deal. ADM is one of the largest food processors and grain traders in ...

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EU Bank Watchdog to Shun Bitcoins Until New Rules Apply

European Commission announced rules will be imposed on virtual currencies like Bitcoin. The Bloc’s banking watchdog on Friday said European Union banks should wait for the regulatory safeguards to be in the place and then offer customer accounts in virtual currencies. Virtual currencies are different from regular currencies. They are not backed by a central bank or by a government. ...

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US Employment Report Helps Dollar to Gain While Asian Market Floats Around Three-Year High

Asian stocks levitate around a three-year high on Thursday because of euro-area monetary policy decisions and job data indicating robust employment which kindles the hope that US nonfarm payrolls report would bolster investor’s confidence by proving the economy is getting up to the speed. Morgan Stanley Capital International’s broadest index of Asia-Pacific stocks outside Japan stood at 499.88 on Thursday, ...

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Travel Insurance – Don’t Travel Without Protection

Travel insurance Belleville Ontario

In this fast paced life, many crave for a holiday to steal some moments and make sweet memories with their loved ones. We often plan for these holidays with much vigor and excitement. However, all the fun may be ruined pretty quickly with an unwanted accident. All of a sudden this much needed quick break literally turns into a nightmare ...

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SanDisk to Buy Fusion-IO to Capture the Flash-Based SSD Market

SanDisk Corp. is all set to buy Fusion-io Inc. for a whopping $1.6 billion. SanDisk is famous for supplying flash storage drive to business customers. To make a much felt presence in this domain, SanDisk has decided to acquire Fusion-io. Analyst Steven Fox wrote, “SanDisk was already positioning the company as more of a enterprise storage company … what the ...

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Fixed Mortgage Rates are lower than the Previous Year

Good news for US housing industry. Data released by Freddie Mac shows fixed mortgage rates are lower for the first time in 12 months. A week ago, 30 year fixed rate average was 4.17%. Today, it comes down to 4.14% with an average of 0.5 point from previous year’s 4.46%. Interestingly, mortgage rate was 4.12% at the end of last ...

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