Archive

Petrobras Sells Fuel Distribution Assets for $383 Million

  Petróleo Brasileiro S.A. (NYSE: PBR), popularly known as Petrobras, has lost most than 45% in the past one month, following the sudden resignation of its CEO Pedro Parente on June 1. The investors were concerned about the future of

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Weak Inflation, China-US Trade War Turns Aussie Weak

  The Australian dollar has been on a decline since the beginning of this year. There are two factors which contribute to the strength of the Australian currency: price of commodities and the interest rates. As we discuss below, Australia

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The Leading Cryptocurrency Stories for 27th June 2018

The cryptocurrency market continues to remain bearish as the tug of war between the buyers and sellers is dominated by the latter. Although the market didn’t plunge in the last two days, it failed to rise. Some of the altcoins

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GE Divests Distributed Power Business For $3.25 Billion

  Industrial conglomerate General Electric Company (NYSE: GE) announced yesterday that it has entered into a deal with Advent International to sell the Distributed Power business for $3.25 billion. Notably, a month earlier, GE signed a $11.10 billion deal with

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Poor CPI, Retail Sales Data Turn Loonie Weak

  The Euro dollar has been rising against the Canadian dollar since June 1st. The US decision to go ahead in applying an import tariff of 10% and 25% on Canadian steel and aluminium is the main reason behind the

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The Leading Cryptocurrency Stories for 25th June 2018

After a few days of range bound movement, the cryptocurrency market started to bleed again, with almost all major altcoins losing between 10% and 20% of their value. A primary reason for this downtrend was the suspension of a new

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Wedbush Analyst Issues ‘Outperform’ Rating to Nike

  The World Cup 2018 (football) is now very much under way and market is already pushing up footwear stocks such as NIKE, Inc. (NYSE: NKE) and Adidas. In particular, the stock of Nike is making new highs recently. It

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US-China Trade Tensions Increase Demand for Yen

  Global trade tensions and an anticipated slow-down in the economic growth have turned the Kiwi dollar weak against the G10 basket of currencies. The yen, on the contrary, has been rising as investors run towards it for safe cover.

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The Leading Cryptocurrency Stories for 20th June 2018

The cryptocurrency market is once again making an attempt to turn bullish and the outcome, as usual, is dependent on whether Bitcoin crosses $10,000 mark. Whilst cryptocurrencies are trying to break the range bound movement, governments across the globe are

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Microsoft Acquires Educational Platform Flipgrid

  Software sector’s big brother Microsoft Corporation (Nasdaq: MSFT) has acquired Flipgrid, a social learning platform that facilitates students to make videos and share it publicly or privately using iOS and Android devices. Notably, a week before, the company finalised

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