Brexit Hits German Exports Causing Slow Q3 Economic Growth
Britain’s decision to leave the European Union (EU) has hurt Germany’s exports and as a result has slowed down country’s economic growth as indicated by official data for the third quarter of 2016. According to the Federal Statistics Office, the
Read MoreDecline in Q3 revenue turns AMEX weak
Following the report of fiscal 2016 third-quarter results that went past the analysts’ estimates, the share price of American Express Company (NYSE: AXP) rallied to close at $72.42 on Monday. The reaffirmation of fiscal 2017 outlook and the raise in
Read MoreLooming renegotiation of NAFTA turns Loonie weaker
The considerable increase in the Forex market volatility, brought about by the surprising victory of Donald Trump in the US election, is not expected to subside sooner. In fact, many analysts believe that the chaos has started only now as
Read MoreUK Chancellor Facing Tough Choices Ahead of Autumn Statement
In the run up to the Autumn Statement, leading experts are warning that UK’s Chancellor Philip Hammond has limited options available to him given the uncertainty facing the country’s economy. The Institute for Fiscal Studies (IFS), a think-tank has said
Read MoreTesco Bank Customers Lose Money In Serious Breach
Several thousands of current account holders of Tesco Bank have been hit by fraudulent activity making this one of the first major cybercrime cases that has impacted a major bank. The bank has frozen over 40,000 accounts which were impacted
Read MoreAIG turns bearish on missing Q3 earnings estimates
Anticipating a turnaround in the operations, on October 10, we had suggested purchasing a one touch call option in the stock of American International Group Inc. (NYSE: AIG). We had also advised to select a target price less than $63.
Read MoreCanadian dollar turns weak on rate cut speculation
The 0.4% q-o-q contraction of the Canadian economy in the second-quarter ended June, the rise in the unemployment rate to 7% and lower than the anticipated inflation rate of 1.1% y-o-y in August had little negative effect on the Canadian
Read MoreBank of America turns bullish as Q3 results top estimates
Despite the low interest rate environment, cost cutting measures enabled the Bank of America Corp (NYSE: BAC) to report strong and impressive fiscal 2016 third-quarter results. The second largest US bank in the US reported third-quarter 2016 net income of
Read MoreEuro remains weak on lackluster economic growth
The outcome of the Brexit referendum hardly allowed any kind of recovery in the Euro dollar, so far, against any of its rivals, including the New Zealand dollar. The decline in the New Zealand’s Q2 unemployment rate to 5.1% and
Read MoreStrong Q3 Growth For China Amid Persisting Debt Worries
China has registered strong third-quarter growth which is expected to put the economy on track to achieve the government’s full year target. However experts are warning that heightened debt levels might threaten the economy’s stability. China’s Gross domestic product (GDP)
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