China 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
Read MoreGE completes divestment of financial arm
General Electric (NYSE: GE), the largest manufacturing company in the US, reported fiscal 2016 fourth-quarter earnings of $3.49 billion or $0.39 per share on revenues of $33.1 billion, compared with $6.28 billion or $0.64 per share on revenues of $33.9
Read MorePound UP on May’s conciliatory speech in UK Parliament
At the beginning of this year, many analysts and speculators were betting on the Euro to trade at par with the US dollar. However, the Euro defied such expectations and rallied against the Greenback and other major currencies. The marginal
Read MoreEU Vetos Proposed Merger Between LSE And Deutsche Boerse
European regulators have blocked the £21 billion merger between the London Stock Exchange and the German stock exchange Deutsche Boerse. It is interesting to note that the announcement was made the same day Britain formally started the two-year process for
Read MoreFord turns bearish on poor Q1-2017 earnings outlook
Automobile manufacturer, Ford Motor Company (NYSE: F) issued a gloomy fiscal 2017 first-quarter outlook last week. Following the announcement, the stock has so far lost about 6% of its value to close at $11.46 on Monday. As explained below, the
Read MoreRising support for Macron in French election boosts Euro
The unexpected support for ECB rate hikes from Ewald Nowotny, Austrian representative on the ECB’s council, and victory of pro-EU Prime Minister Mark Rutte in the Dutch election propelled the Euro against the New Zealand dollar for the past two
Read MoreStudy Shows Bank of Israel’s Intervention Curbs Forex Gains
A new research study has revealed that every $100 million purchased by Israel’s central bank between 2009 to 2015 resulted in a deprecation of 0.07–0.09 percent in the exchange rate. The study which was conducted by Dr. Sigal Ribon from
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