US tax reform plan turns Greenback bullish
The Kiwi dollar fell sharply on Monday after none of the parties got a majority in the general election conducted on Saturday. The ruling National Party got 58 seats, while the Labour, under the new popular leader Jacinda Ardern, won
Read MoreUS SEC Looking To Stop Hackers With New Cyber Unit
The U.S. Securities and Exchange Commission (SEC) was hacked in 2016 and officials believe that the breach could have resulted in illicit trades. Hackers are reported to have breached the SEC’s Edgar system where non-public information was accessed to manipulate
Read MoreOrders raining for Boeing, Deutsche bank upgrades PT
Last week, the stock of Boeing Co (NYSE: BA) gained about $10 to record a new yearly high of $256.69. The company has received a series of large orders, including the one from the US government, in September. That was
Read MoreCarney’s hint of gradual rate hikes turn Pound bearish
The GBP/USD pair had rallied about 500 pips in the past one week to hit a high of 1.3618 on Monday. The rally was triggered after the Bank of England’s Governor Mike Carney stated that there is a possibility of
Read MoreThe Richest Wealth Fund In The World Crosses $1 Trillion Mark
While global debt continues to be a massive problem for countries and firms around the world, Norges Bank Investment Management (NBIM) is having no such problems. The Norwegian wealth fund which recorded its first injection of cash in 1996 has
Read MoreBaidu, AMD sign agreement to advance GPU computing
After reporting a 83% y-o-y increase in Q2 net income, the stock of Baidu Inc (NASDAQ: BIDU) has rocketed by about 20% to record a yearly high of $239 last week. A decline in general and traffic acquisition costs enabled
Read MoreRuble remains bullish on strong Q2 2017 GDP growth
Since the beginning of August, the Euro dollar has been on a decline against the Russian Ruble. The recovery in the price of crude oil – mainly due to the production limit agreement and a decline in the Saudi Arabia’s
Read MoreSNB maintains rates, ready to intervene on Franc
In August most forex analysts predicted an uptrend in the AUD/CHF pair, on the basis of a recovery in the price of iron ore, which is the top most export revenue earner of Australia. The forecast was also made on
Read MoreBoE Executive Director Wants Global Forex Code To Be Tweaked
The new global code for the foreign exchange market may need to be updated just months after its introduction. Chris Salmon, executive director for markets at the Bank of England (BoE) has said that the section dealing with the practice
Read MoreAlibaba upgraded by analysts on strong Q1 2018 results
The stock of e-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) recorded a new yearly high of $177, after the company crushed fiscal 2018 first-quarter analysts’ estimates by a huge margin. Impressive growth in cloud and digital entertainment, and continued
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