Aussie to strengthen on rally in Iron ore, coking coal
In our March 17th article, we had predicted the Australian dollar to decline against the Greenback, on the basis of poor job additions in February. We had also pointed out that the US dollar would strengthen on Fed’s affirmation to
Read MoreAlibaba Launches Program To Improve US Businesses’ Access To China
Jack Ma, executive chairman of Chinese ecommerce giant Alibaba has announced a new program that will seek to make good on an earlier promise to help American small businesses and companies access the Chinese market. The company will be holding
Read MoreIBM misses Q1-2017 rev. outlook, issues soft FY17 EPS view
Information technology giant International Business Machines (NYSE: IBM) reported a decline in the fiscal 2017 first-quarter revenues, compared with the corresponding quarter last year. The company also missed the Wall Street’s revenue estimates. However, the cloud service provider reported quarterly
Read MoreCanadian dollar strengthens on hawkish statement from BoC
Lower than anticipated unemployment claims in the US and sharp decline in the price of crude oil fuelled a rally in the USD/CAD pair in the past week. The pair, which hit a high of 1.3470 yesterday, is trying to
Read MoreUK Business Leaders Want Watchdog Created To Monitor Productivity
UK business leaders have called for tougher targets to be set in order to improve the productivity in the country’s industrial sector and make it more competitive. They have also asked that an independent watchdog be created to monitor overall
Read MoreVW offers 6-yr warranty to gain US customers trust
Last month, automobile manufacturer Volkswagen AG (OTC: VLKAF) pleaded guilty of fraud in the diesel emission scandal. The German company also offered to settle disputes with car owners and environmental agencies by setting aside $25 billion for compensation. On the
Read MoreChina Not A ‘Currency Manipulator’ In Latest US Treasury Report
U.S. President Donald Trump’s administration did not choose to name China as a currency manipulator in a recent Treasury report which came as a surprise to some in light of the President’s sharp criticism of China during the election campaign.
Read MoreSEC Takes Action Against Fake Financial Articles
The U.S. Securities and Exchange Commission has filed charges against 27 individuals and businesses for having been involved in posting fake financial articles for payment on investment websites in order to hype certain stocks. The SEC has alleged that these
Read MoreSamsung UP on issuing strong Q1-2017 earnings guidance
Amidst the corruption scandal, white goods and semiconductor chip manufacturer Samsung Electronics Co L (LSE: SMSN) issued a strong first-quarter 2017 earnings and revenue guidance on Friday last week. Ironically, since then, the stock has declined marginally to close at
Read MoreKiwi strengthens on rise in price of whole milk powder
New Zealand saw a trade deficit of about $18 million in February due to a decline in the price and export volumes of dairy products. The market had expected a surplus of $127 million. The trade deficit weakened the Kiwi
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