Baidu turns bullish on strong second-quarter outlook
On Thursday last week, the internet search engine Baidu (BIDU) reported a 24.3% rise in the fiscal 2016 first-quarter revenue. Following the results, the shares of Baidu gained 4.45% to close at $194.30 on Friday. Considering the impressive mobile revenue
Read MoreAussie turns bearish on weak Consumer Price Index data
Following the weak consumer price index (CPI) data, the Aussie declined against the Swiss Franc from a high of 0.75550 to a low of 0.74062 on Wednesday. While the Aussie was expected to fall against most of the major currencies,
Read MoreStrong cloud business prospects keep Microsoft bullish
On Thursday last week, software giant Microsoft Corp (MSFT) reported its fiscal 2016 third quarter results, which were below the analysts’ estimates. Following the results, on Friday, the shares went into red to close at $51.78. However, many traders believe
Read MoreKiwi signals downtrend on low business confidence
The economies of New Zealand and Japan are diametrically opposite to each other. The New Zealand’s economy is heavily dependent on the export of dairy products, while the Japanese economy is reliant on the export of consumer electronic goods, automobiles
Read MoreFord turns bullish on strong first quarter sales
Amidst the slowdown in the global economy, the US automotive sector continues to fare remarkably well. In March, the Ford Motor Co. (F) achieved a milestone by overtaking General Motors in monthly sales. In this regard, the financial news edition
Read MoreRBS Withdraws All Banking Services To Kingfisher Beer In Europe
Despite his best efforts, liquor baron Vijay Mallya’s troubles are extending to his overseas ventures as well. The Royal Bank Of Scotland (RBS) recently announced that it is planning to withdraw its credit line and other banking services provided to
Read MoreAussie signals bearish reversal on poor economic data
Very few traders and analysts would have expected the Aussie to strengthen against the US dollar in the past three months. There was not even a single positive report about iron ore, which contributes the most of export revenue for
Read MoreAlcoa turns bullish as earnings beat estimates
In the past eight months, the share price of the renowned aluminum manufacturer Alcoa (AA) remained mostly range bound between $8 and $10. It is needless to say that the commodity price decline was primarily responsible for the poor performance
Read MoreUK Banks’ Have Payed Out Up To £53 Billion Due To Misconduct
A study has revealed that U.K.’s retail banks have paid almost £53 billion as fines for financial misconduct since 2000. Over the years, this has affected the ability of the banks to rebuild capital, reduced dividends for investors and limited
Read MoreGreenback remains weak against the Yen on economic woes
The unabated march of the Japanese Yen against the US dollar continues to rattle the equity markets this week. The USDJPY pair declined to touch a 17 month low of 110.30. For at least six months as of now, the
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