UK Govt Urged To Ban Unilateral Increases In Credit Card Limits
A charity organization called ‘Citizens Advice’ has urged the UK government to ban credit card companies from raising customers’ credit limits without permission. The charity made the appeal after it carried out a survey and discovered that one in five
Read MoreING beats Q2 view, gain clients on strong mob banking s/w
Despite reporting better than anticipated fiscal 2017 second-quarter net profit, the stock of ING Group N.V. (NYSE: ING), the largest Dutch financial services company, has lost about 5% to trade at $17.80 levels. A y-o-y decline in net profit was
Read MoreAussie up on strong iron ore, coking coal prices
Weak consumer spending and rising inflation have been keeping the Pound under pressure for the past two months. On the contrary, an unexpected recovery in the price of iron ore, strong employment data, and RBA’s upbeat statement about the Australian
Read MoreGermany Repatriates Gold From New York & Paris Successfully
Germany has successfully managed to bring back 674 tons of gold that it had stashed away in New York and Paris during the cold war era. The German central bank, Bundesbank repatriated 53,780 gold bars over a four year period
Read MoreElection uncertainty, RBNZ’s dovish stance turn Kiwi weak
Tensions between North Korea and the US had forced investors to look for safe haven assets earlier this month. That boosted the demand for the Swiss Franc, Yen and gold. In particular, the Yen gained strength even against the commodity
Read MoreBarclays swings to Q2 loss on African stake sale
A totally unexpected charge of £700 million related to mis-selling of payment protection insurance (PPI) and a loss from the sale of African business caused the London-based Barclays Plc (NYSE: BCS) to swing to a loss in the fiscal 2017
Read MoreStrong employment data turns Pound bullish
We had forecast a rally in the GBP pair, on the basis of a robust employment and PMI data from Germany. The anticipated dovish stance of the Bank of England was also a reason for expecting the Pound to weaken.
Read MoreIMF Cautions China Of Its Mounting Debt Levels
The International Monetary Fund (IMF) has warned China about its escalating debt levels while raising the forecast for the country’s short term growth. In its annual assessment report on China, the IMF has forested that the average annual growth for
Read MoreTwitter beats Q2 2017 estimates, MAU growth remains flat
Social media platform Twitter Inc (NYSE: TWTR) reported better than anticipated fiscal 2017 second-quarter results in the last week of July. However, the stock has fallen by more than 10% to about $16 in the past two weeks. The flat
Read MoreGeopolitical tensions strengthen Swiss Franc
In our August 4th report, we had predicted the USD/CHF pair to decline due to lower than anticipated unemployment data from the US and strong retail sales and PMI data from Switzerland. We had also expressed our willingness to take
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