Italy’s Teetering Economy May Trigger EU Battle
Italy is seen to be on the brink of an economic and political crisis which has been brewing for some time. The country’s banks has on its books bad loans that now amount to over €360 billion, weighing down the
Read MoreBoE Expected To Slash Interest Rates To Boost British Economy
The UK’s central bank, the Bank of England (BoE) is planning to take action on the interest rate front for the first time in seven years as a result of the economic volatility from the Brexit vote. It is widely
Read MoreAZZ turns bullish on reiteration of FY17 EPS and revenue
On Friday, the shares of metal finishing solutions provider AZZ incorporated (AZZ) closed at $60.12, which is just a few notches below the 12-month high of $60.92. The company reported its fiscal 2017 first-quarter results last week. The earnings missed
Read MoreLoonie turns bullish as crude oil consolidates around $50
Almost a week before the announcement of the Brexit referendum results, the CAD/JPY hit a 4-year low of 76.12. However, it has recovered marginally since then. There is no need for an extensive research to understand that the actions of
Read MoreUK Chancellor Announces Initiatives To Support UK Economy
UK Chancellor George Osborne has announced that he is considering slashing corporation tax below 15 percent in order to counter the shock to investors and companies from the British referendum result last week to exit Europe. Osborne has also said
Read MoreMonsanto Q3 misses estimates, profit margin falls
Last Thursday, agricultural bio-technology company Monsanto Company (MON) reported a decline in the fiscal 2016 third-quarter revenue, compared to the similar period last year. The third-quarter revenue also missed the analysts’ estimates. However, the stock price almost closed flat. The
Read MoreUK Survey Reveals Economic Uncertainty Impacting Businesses
A recent survey has indicated that British business leaders are putting on hold hiring and investment decisions, in line with the predications made prior to the referendum. Around 1,000 business leaders were surveyed by the Institute of Directors (IoD) in
Read MoreCarMax slides on missing Q1 consensus, rising competition
Earlier last week, used-car retailer CarMax Inc. (KMX) reported its fiscal 2016 first-quarter results that were below the analysts’ estimates. As expected, the punters hit the stock hard without any respite. The stock has lost about 10% in the past
Read MoreNew Zealand dollar to fall on low inflation concerns
The outcome of two surveys indicating a lead for the ‘Remain’ campaign triggered a rally not only in the Pound but also in other risky assets such as the Aussie and the Kiwi dollar. The past three days saw the
Read MoreHSBC’s New Mortgage Offer Indicates High Housing Prices
The recent cut in mortgage rate by HSBC in the United Kingdom has shown that housing prices in the country has reached its highest levels. HSBC’s latest product has been dropped below the lowest rate of 1.14 percent that was
Read More
