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Yen Turns Bullish on Strong Retail Sales Data

The Pound rallied against the G10 currencies, following the announcement of snap elections by the UK Prime Minister Theresa May in April. Strong industrial activity and retail sales data also supported the Pound’s rise. On the other hand, the Yen

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SAP Beats 1Q17 Rev. View, Cloud Subscriptions Grew 49%

Europe’s largest software company SAP Ag (NYSE: SAP) reported an increase in the fiscal 2017 first-quarter net profit, compared to the similar period of 2016. The revenues also surpassed analysts’ estimates. The market responded positively to the results by pushing

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Petrobras Remains Bearish on Weak Oil Price

Oil company Petroleo Brasileiro S.A. (NYSE: PBR), commonly referred to as Petrobras, reported its best ever quarterly profit in two years. The company reported a swing to profit in the fiscal 2017 first-quarter, compared to a net loss in the

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Canadian Dollar Turns Weak as Oil Struggles to Stay Above $50

The Canadian dollar was strong for the past two weeks due to two main reasons: optimistic economic outlook issued by the BoC and oil rally. The Greenback, however, remained weak due to doubts over the possibility of a rate hike

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MasterCard Signals Breakout on Beating Street View

  In spite of reporting a 12.7% y-o-y increase in the fiscal 2017 first-quarter profit, the stock of credit card issuer MasterCard Inc (NYSE:MA) remains range bound between $117 and $119 for the past two weeks. One of the main

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Pound Turns Weak as Conservatives Lose Grip on UK

  The Canadian dollar was hardly affected by the weak economic data reported last week by Statistics Canada. The inflation rate of 0.4% m-o-m in April missed analysts’ estimates of 0.5%, while the retail sales declined 0.2% m-o-m in March,

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Alibaba Beats 4Q17 Estimates on Cloud Computing Growth

  Alibaba Group Holding Ltd (NYSE: BABA), China’s largest eCommerce firm, reported a 60% y-o-y growth in fiscal 2017 fourth-quarter revenues, compared to last year’s similar period. The Q4 revenues were above analysts’ consensus as well. However, the earnings missed

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Salesforce Beats 1Q18 Estimates, Issues Upbeat 2Q View

  A 2% y-o-y increase in research and development expenses saw the Customer Relationship Management (CRM) software and cloud computing service provider Salesforce.Com Inc (NYSE: CRM) report a swing to loss in the fiscal 2018 first-quarter, from a net profit

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Pound Signals Uptrend on Strong Retail Sales Data

Among G10 currencies, the Euro dollar was a clear winner last week. The victory of pro-EU leader Emmanuel Macron in the French election and annual inflation of 1.9% in the Euro zone propelled the Euro against its rivals. Even the

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Coke Accelerates Refranchising to Return to Growth Path

  The world’s largest soft-drink company, Coca-Cola (NYSE: KO), reported lower than anticipated fiscal 2017 first-quarter earnings. Higher than anticipated refranchising expenses took a toll on the earnings. The Q1 revenue was above analysts’ expectations. However, on y-o-y basis, the

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