Novartis beats Street’s EPS view, Cosentyx sales up 136%
Despite posting a 17% y-o-y decline in the fiscal 2017 first-quarter net income, the stock of Swiss pharmaceutical giant Novartis Ag (NYSE: NVS) has appreciated by about 5% to $81 in the past one month. The company also reported 1%
Read MoreMoody’s Downgrades China Citing Concerns Over Growing Debt
China’s sovereign rating has received a downgrade for the first time in 30 years after Moody’s Investors Service dropped its rating from Aa3 to A1 last week. The ratings firm has cited rising debts and stalling growth as reasons. The
Read MoreBoeing beats Q1 2017 EPS estimates, raises FY17 view
In the final week of April, the world’s biggest aircraft manufacturer Boeing Co (NYSE: BA) reported better than anticipated fiscal 2017 first-quarter earnings and revenue. However, profit booking took a toll on the share price, which fell from a 12-month high
Read MoreDecline in US jobless claims strengthens Greenback
The NZD/USD pair had a decent rally of about 100 pips in the past ten days. Strong retail sales data and dairy prices kept the Kiwi dollar strong. The Greenback, on the other hand, was weak due to poor CPI
Read MoreLoonie up on Saudi-Russia oil production cut deal
A sharp decline in the price of crude oil and victory of Emmanuel Macron in the French election has enabled the Euro to rally against the Canadian dollar, so far in May. The dovish stance of the Bank of Canada
Read MoreVanguard’s New UK Product Launch Could Trigger Price Wars
US based Vanguard, the world’s second-largest fund company recently announced that it has launched an innovative product targeting the UK market which will have charges that are less than half of current average costs in the country. Vanguard is the
Read MoreCBI Investigating 13 Mumbai Firms In Foreign Exchange Scam
The Central Bureau of Investigation (CBI) has busted yet another major foreign exchange scam in India involving largescale money laundering. Similar to the Bank of Baroda case, the scam has resulted in crores being remitted abroad under a fraudulent import
Read MoreDisney turns weak on missing Q2 2017 rev. estimate
The stock of diversified media and entertainment company Walt Disney (NYSE: DIS) plunged about 6% to $109.05 last week, after the company reported fiscal 2017 second-quarter revenue that missed analysts’ estimates. The earnings, however, beat the Wall Street expectations by
Read MoreYen strengthens as commodity import costs decline
On the basis of hawkish stance taken by the US Fed, a long position in the USD/JPY pair in April would have been recommended. A call option would be suggested to binary option traders. The entry was advised near 108.80,
Read MoreNew Report Says Brexit Puts London’s Financial Hub In Jeopardy
The impact of Brexit on the City of London was brought again in focus by the recent report released by Goldman Sachs chairman Lloyd Blankfein who stated that the City would stall as a result of the UK exiting EU.
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