Archive

The Leading Cryptocurrency Stories for 19th Feb 2018

The crypto currency market continues to steadily rise, despite some intraday downtrends that arise due to minor negative news. The most notable developments in the past few days include Swedish government’s short-listing (19 out of 40) of IOTA (IOT) crypto

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Baidu Beats 4Q17 EPS View, Issues Upbeat 1Q18 Outlook

  A decrease in operational and bandwidth costs enabled Chinese search engine Baidu, Inc. (NASDAQ: BIDU) to report better-than-expected fiscal 2017 fourth quarter results. With this, Baidu has surpassed analysts’ estimates throughout fiscal 2017. Based on the strong results and

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Strong Inflation Outlook Strengthens New Zealand Dollar

  Better than anticipated employment data propelled the New Zealand dollar against the greenback in the first week of February. The NZDUSD pair also got a boost from an unexpected increase in the wholesale inventories in the US. Since February

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The Leading Cryptocurrency Stories for 14th Feb 2018

After a period of high volatility, crypto currency market is trying to consolidate. During November and December last year, the entire crypto currency market rallied in a big way and came under the watchful eyes of mainstream media. By January,

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Citi Expects Investment Banking Division Growth In FY18

  Following a near 2,000 point fall in the Dow Jones in the past ten days, the stock of Citigroup Inc. (NYSE: C) fell from the 12-month high of $80.70 to a low of $70.99. At 1.28x the book value,

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Robust Industrial Production In France, Italy Keeps Euro Strong

  The euro dollar weakened last week as traders started winding down their short position in the US dollar. Furthermore, the relatively high unemployment rate of 8.7% and low inflation rate of about 1% are other reasons for the euro’s

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The Leading Alternative Currency Stories for 12th Feb 2018

After a period of nearly one month, the crypto market ended the week on a positive note. The testimony given by the US SEC chairman Jay Clayton provided a clear message that the US is only trying to streamline cryptos

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Aussie Weakens on RBA’s Dovish Statement

  The strong recovery in the Euro zone economy and a decrease in risk from political events has turned the Euro bullish against the greenback, Pound and even the Australian dollar. While the price of iron ore continues to hold

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Disney Posts Mixed 1Q18 Results On ESPN Woes

  Media and Entertainment behemoth Walt Disney Co. (NYSE: DIS) reported a 78% increase in profit for the fiscal 2018 first quarter, compared to the similar period of fiscal 2017. The surge in profit was due to huge tax gains

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The Leading Alternative Currency Stories for 7th Feb 2018

The crypto market continues to see a big sell off as authorities worldwide are mounting pressure to clamp down investments in projects related to distributed ledger technology. On Tuesday, the Committee on Banking, Housing, and Urban affairs conducted a hearing

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