Pound to strengthen further on BoE’s rate hike hint
As the market started unwinding a portion of the Brexit premium, the Pound galloped against all the major currencies and re-conquered a portion of the lost territory. The GBPCHF is one such pair which saw a huge uptrend in the
Read MoreViacom turns bullish on prospects of management change
The CEO of Media and entertainment giant Viacom, Inc. (VIAB), Philippe Dauman, filed a lawsuit in the Commonwealth of Massachusetts Probate and Family Court to get a stay against his ousting by his mentor and media mogul Sumner Redstone who
Read MoreApplied Materials beats Q2 earnings; Turns bullish
Applied Materials, Inc. (AMAT), the world’s largest supplier of tools to the manufacturers of semiconductor chips, reported its fiscal 2016 second-quarter earnings and revenue that beat analysts’ estimates. The share price, which closed at $22.66 on Friday, is expected to
Read MoreRBS Prepares To Withdraw From Indian Market
British bank, the Royal Bank of Scotland NV (RBS) has initiated the process of winding up its operations in India. The bank had announced in February 2015 that it was withdrawing from the country and would retain only its back
Read MoreSymantec remains bearish on gloomy Q1 and FY17 outlook
Data security solutions provider Symantec Corporation (SYMC) announced its fiscal 2016 fourth-quarter earnings and revenues that missed analysts’ estimates. Following the results, the shares of Symantec went downhill to record a new 12-month low of $16.14. Considering the competition and
Read MoreUS dollar remains weak on soft payrolls data
For the past two months, the EURUSD pair exhibited a range bound movement between 1.0585 and 1.1450. A week before, the currency made another attempt to cross above the upper band. However, selling pressure pushed the currency pair once again
Read MoreTop Economists Urge Governments To Do Away With Tax Havens
Leading UK charity Oxfam has put together a letter based on feedback from over 300 of the top economists and sent it to world leaders urging them to do away with tax havens as they propagate income inequality. The group
Read MoreCare Capital turns bullish on impressive FY2016 outlook
Care Capital Properties (CCP) reported a decline in the fiscal 2016 first quarter funds from operations (FFO), compared to the prior year similar period. The FFO data is the most watched after data as far as a real estate investment
Read MoreJapan Issue Warnings Due Yen Surge Against The Dollar
Japanese Finance Minister Taro Aso has once again expressed concern over the strengthening of the yen against the US dollar, after the yen jumped to an 18-month high earlier this week. The yen has been steadily rising, reaching 106.76 against
Read MoreMexican Peso remains bullish on strong GDP growth outlook
The sharp fall in the price of crude oil and the comments made by Fed officials took a toll on the Latin American currencies, including the Mexican Peso on Wednesday. The USDMXN currency pair rose from 17.1611 to 17.8379 in
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