Archive

Pfizer Reorganises Company Into Three Major Divisions

  Pharmaceutical conglomerate Pfizer Inc. (NYSE: PFE) announced that it is reorganising its business into three units, a day after delaying drug price increases for a maximum period of six months, following opposition from the US President Trump for increasing

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Yen Strengthens As US-China Move Closer To Trade War

  Indications of a seemingly fading trade war risk strengthened the Aussie against the G10 rivals earlier this week. As the risk appetite increased, the yen, which is perceived as a safe haven currency, weakened. From about 81.50, the AUDJPY

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The Leading Cryptocurrency Stories for 11th July 2018

The cryptocurrency market is turning bearish after two consecutive days of uptrend. Bitcoin (BTC), which is the main driver of the market, is struggling to move above the $7000 level. While cryptocurrency investors and enthusiasts are disappointed, bankers may be

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Baidu Upgraded By KeyBanc Capital, Credit Suisse

  Chinese internet giant Baidu, Inc. (Nasdaq: BIDU) rose more than 3.50% yesterday to close at $251.77, after two major financial institutions issued a bullish view of the stock. Additionally, the latest developments discussed below indicate that the stock is

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Pound Strengthens On Hint Of Rate Hike By BoE Governor

  The US Dollar weakened last week after the minutes of the FOMC (Federal Open Market Committee) meeting failed to give fresh boost to the greenback. The Pound, in the meanwhile, strengthened on better-than-anticipated IHS Markit services industry PMI of 55.1

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The Leading Cryptocurrency Stories for 9th July 2018

The cryptocurrency market appears to be consolidating to move up higher. Recent developments may provide the much needed impetus for such a new uptrend to begin. In the central Asian nation of Uzbekistan, President Shavkat Mirziyoyev, signed an order titled,

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Alibaba Launches Enhanced Cloud Computing Services

  China’s eCommerce giant Alibaba Group Holding Limited (NYSE: BABA) announced a range of expansion plans yesterday. Specifically, the plan focuses on advertising sector and cloud infrastructure services. Considering the long-term growth prospects, we are expecting the stock of Alibaba,

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Strong ISM Manufacturing Data Turns Greenback Bullish

  The AUDUSD pair rallied yesterday after the Australian Bureau of Statistics reported better-than-anticipated retail sales in May. The warning issued by Japan for the US plans to levy tariffs on imported cars and car parts weakened the greenback. However,

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The Leading Cryptocurrency Stories for 4th July 2018

The crypto market made an unexpected bullish reversal on Monday, catching many short sellers off-guard. The sharp rise in the price of Bitcoin to over $6,500 is the main reason for the overall bullishness now seen in the market. Almost

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Tesla Achieves Model 3 Weekly Production Target

  Elon Musk, the founder and CEO of electric car manufacturer Tesla, Inc. (NASDAQ: TSLA) tweeted late Sunday that the California factory achieved the production target of 5,000 Model 3 in a week. Musk also revealed that the factory manufactured

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