Archive

Twitter Turns Bearish On Citron’s ‘Short’ Call

  The stock of Twitter Inc. (NYSE: TWTR) plunged 12% on Tuesday after Andrew Left, a well known short-seller, announced that he is shorting the social media company. Ironically, Left, who is with Citron Research, announced his decision through a

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Swiss Franc Strengthens on SECO’s Upbeat Economic Outlook

  The Aussie turned weak at the beginning of this year, after the economy started slowing in late 2017. On the contrary, the Swiss economy is all set to record a solid growth in 2018, after picking up the pace

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The Leading Cryptocurrency Stories for 28th March 2018

Cryptomarket began the week with a slight correction, following a week of uptrend. As usual, there were events which increased volatility in the market. TMX Group, which operates the Toronto Stock Exchange, is planning to establish a crypto brokerage service.

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Pound Turns Weak As BoE Confirms Gradual Rate Hikes

  Last week, the British Pound rose against the greenback when the minutes of the March meeting revealed that two members of the Bank of England’s Monetary Policy Committee have voted in favour of an interest rate hike in March.

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Nike Signals Downtrend On Rising Competition In N.America

  The world’s largest athletic shoes and apparel maker Nike Inc. (NASDAQ: NKE) reported better than anticipated fiscal 2018 third-quarter results last Thursday evening. Following the results, the stock has gained about 5% to trade at $65 levels. Despite good

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The Leading Cryptocurrency Stories for 26th March 2018

Encouraging comments about Bitcoin and other cryptocurrencies by Mark Carney, the Bank of England’s governor, in his letter to G20 ministers propelled the cryptomarket earlier last week. Bitcoin rallied to go past $9,000. However, rumours of an order to shut

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Euro Weakens On Dip In German Economic Sentiment

  The Euro weakened against the greenback and other G10 currencies last week, following the dovish statement made by the ECB President Mario Draghi at the Watchers XIX conference. However, US’ deteriorating trade relations with Europe and China enabled the

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EU Regulators Approve Bayer-Monsanto Merger Deal

  Yesterday, life science company Bayer AG (OTC: BAYZF) announced that it has won approval from EU antitrust regulators for its $62.5 billion acquisition of seed giant Monsanto. The acquisition will result in the creation of a company which would

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The Leading Cryptocurrency Stories for 21st March 2018

The cryptomarket turned green on Monday after news emerged that Bank of England Governor Mark Carney, chair of the Financial Stability Board, stated that cryptocurrencies do not pose risks to global financial stability at this point in time. The market

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Canadian Dollar Weakens On Decline In Manufacturing Sales

The year has not gone well for the Canadian dollar, so far.  Trade related tensions with the US, 54% y-o-y decrease in foreign direct investment, and 17% y-o-y decline in business capital expenditures is keeping the Canadian dollar weak against

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