Tesla firms up on strong pre-order for Model 3 sedan

The introduction of Model 3 electric sedan by renowned electric car maker, Tesla Motors (TSLA), has turned the market’s attention, as expected, towards the company. In less than two months, the share price of Tesla had soared by $100. Optimists

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Alibaba signals downtrend on scrutiny over food business

Alibaba Group Holding Ltd. (BABA) hit a new milestone in business by surpassing sales transaction of 3 trillion Yuan ($463 billion) in the fiscal 2015, which ends in March. The company also announced that in another two years time, its

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Micron Remains Bearish On Poor Demand For DRAMs

The share price of semi-conductor chip manufacturer Micron (MU) has declined more than 50% in the past eight months. The forward PE ratio of Micron is 6.8. Thus, the current share price of about $11.30 looks cheap. Another argument that

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RBI Suggests System For Assessing Global Monetary Policies

Raghuram Rajan, the Governor of the Reserve Bank of India (RBI), India’s central bank has asked global central banks to consider a new system for assessing the wider economic impact of their policies. He made these remarks during a speech

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Sluggish Economy and Brexit Fears Keep The Pound Bearish

The GBPCAD pair lost more than 1000 pips in the past two weeks to touch a low of 1.8662 on Tuesday. The well known reason for the decline was the possibility of a ‘Brexit’ (Britain exit) from the European Union

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Glencore Post $8bn Loss Due To Weak Commodity Prices

Glencore, the Swiss mining and trading house recently confirmed a huge annual loss of $8 billion arising from the sharp decline in commodity prices over the past year. The company had registered pre-tax profit of $4.3billion in 2014 but the

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Former Bank Of England Governor Predicts Failure of Eurozone

Mervyn King, the former governor of the Bank of England who is well-known for his views in opposing the European Union (EU) and the concept of having a single currency has predicted that the EU will eventually collapse. In a

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China Replaces Head Of Securities As It Seeks To Calm Market

China recently announced that it has replaced the head of its securities regulator Xiao Gang and appointed a top state banking executive in his place, as the country continues to take measures to calm the markets after a turbulent few

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Governor of PbOC Tries To Calm Market Over Major FX Concerns

China’s volatile market has caused serious concerns for a number of countries wiping out billions of dollars in trading. While market analysts believe that this trend in China will continue in 2016, Zhou Xiaochuan, the governor of the People’s Bank

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UK Interest Rate Rise Unlikely – For Now

If you are a UK Forex trader then you will no doubt have been pinning your hopes on a rise in interest rates in the UK for quite a time now, and as the UK economy has been doing exceptionally

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