Archive

Salesforce on Track to Achieve $10bn Revenue in FY18

  Last week, the stock of software and cloud computing company Salesforce Inc (NYSE: CRM) recorded a new 12-month high of $95.23. Apart from beating analysts’ estimates, the company also reported a 26% increase in the fiscal 2018 second-quarter revenue,

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Pound Up on Boris Johnson’s Brexit Bill Concession

  The GBPJPY pair had been on a decline over the past two weeks. The geopolitical tension between North Korea and the US increased the demand for safe haven assets such as gold, Swiss Franc and the Yen. At the

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Siemens Reports Mixed 3Q17 Results, Reaffirms FY17 View

  A 9% decline in the new orders triggered a downtrend in the stock of diversified industrial conglomerate Siemens A G (OTCMKTS:SIEGY) in the second week of August. Lower-than-anticipated consolidated revenues also fuelled the bearish sentiment. However, on the basis

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Disney Misses Q3 Rev. View, Plans Own Streaming Services

  A decision to end the business relationship with Netflix and establish two streaming services – one for sports and another for films – forced anxious investors to quickly exit from the stock of the entertainment company Walt Disney Company

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July Trade Surplus Turns Kiwi Dollar Bullish

  The Euro dollar is on a tear against the Kiwi dollar for the past one month. Since August 1st, the EURNZD pair had gained nearly 800 pips to reach a high of 1.6486 and closed near that level on

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Royal Dutch Shell 2Q17 Profit Triples on Higher Margins

  Europe’s largest oil company Royal Dutch Shell Plc (NYSE: RDS.A) reported fiscal 2017 second-quarter earnings that tripled from the similar quarter last year. Royal Dutch Shell also reported a 245% y-o-y increase in 2Q17 net profit on current cost

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Pound Turns Weak on Uncertainty Over Brexit Issues

  On the basis of a strong US employment data and weak consumer spending in the UK, in our August 9th report, we had forecast the GBPUSD pair to decline from a level of 1.3020. We had also mentioned our

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HSBC Beats 2Q17 View, Announces $2bn Share Buyback

  Europe’s biggest bank HSBC Holdings Plc (NYSE: HSBC) reported better than anticipated fiscal 2017 second-quarter results on the last day of July. However, the stock has lost about 5% so far to trade at about $47 levels. The share

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AIG Beats 2Q17 View, Shops $2bn Life Portfolio

  Global insurer American International Group (NYSE: AIG) is reportedly looking for a buyer to sell off its $2 billion portfolio of life settlements and conclude the process of divestiture that was started in the aftermath of the 2008 credit

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Kiwi Dollar Strengthens on Strong PPI Data

  The NZDCAD pair has been on a declining note for the past one month. The crude oil rally and interest rate hike by the Bank of Canada supported the strengthening of the Loonie. Likewise, a decline in the average

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