Archive

UBS Swings To Loss On CHF 2.865 billion Tax Charge

  Swiss banking group UBS Group AG (NYSE: UBS) reported a swing to a net loss in the fourth-quarter of 2017, compared to a net profit in the similar period last year. Due to the new US tax laws, the

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Fundamentals Favour Euro To Rally Against Kiwi Dollar

  The EURNZD pair has fallen from 1.6930 to 1.6730 in the past three trading sessions. The Euro dollar sell off was triggered by a 4.9% increase in the average dairy product prices in the auction conducted on January 16.

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The Leading Cryptocurrency Stories for 22nd Jan 2018

Once again, the crypto market had an eventful week. Crypto currencies, which lost 30% to 40% of their value earlier last week, started recovering late Wednesday. By Friday, almost all the cryptos had recovered a major portion of their losses.

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Canadian Dollar Turns Bullish On 25bps Rate Hike By BoC

  The Bank of Canada raised interest rates for the third time in a year, yesterday. The market, however, did not respond positively to the rate hike because Stephen Poloz, the Bank of Canada’s governor, said future rate hikes are

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Despite a $4.40bn Charge, Goldman Sachs Beats Q4 View

  Yesterday, global investment banking giant Goldman Sachs Group, Inc. (NYSE: GS) reported a swing to a loss in the fourth-quarter of fiscal 2017, compared to a net profit in the similar period last year. Goldman Sachs took a non-cash

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The Leading Cryptocurrency Stories for 17th Jan 2018

The new year has started shaky for crypto currencies as a whole. As the digital currencies rise in popularity, so is the volatility. A 30% to 50% movement per week has become the norm, even in top rated coins. However,

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Pound Signals Uptrend as EU Softens Stand on Brexit

  Barring a few instances, the EURGBP pair has remained range bound between 0.8780 and 0.8980 for the past three months. Even though the Euro dollar gained considerably against the greenback, it was unable to reign over the Pound. That

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Exxon Remains Bullish As Oil Flirts With $70 Per Barrel

  Crude oil traded near the three year high price of about $70 per barrel yesterday. That kept the oil stocks buoyant in the US market. In particular, the stock of Exxon Mobil (NYSE: XOM), the world’s largest publicly traded

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The Leading Cryptocurrency Stories for 15th Jan 2018

The cryptocurrency market continues to remain lively with incredible changes. Whether it is camera and other imaging products manufacturer Kodak’s decision to launch a blockchain platform to safeguard image copyrights, Qtum’s joint venture with Baofeng to create the world’s largest

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Salesforce Turns Bullish on Acquisition of Attic Labs

  Cloud computing company Salesforce.com, inc. (NYSE: CRM) is acquiring Attic Labs, according to the announcement on their home website. Attic Labs, which was founded in 2015 by Aaron Boodman and Rafael Weinstein, is the creator of Noms, a decentralised

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