Archive

Difficult Brexit Negotiations Keep the Pound Weak

  The pound is nose-diving against the currencies of developed currencies as prospects of a no-deal Brexit is becoming possible in the view of investors, who are offsetting the risk of the Pound attaining parity with the Euro if the

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Crypto Courses Now Offered in 42% of Top 50 Universities

  After rallying for four consecutive days, the cryptocurrency market is undergoing a technical correction. Bitcoin (BTC) reached a level of $7,130, but selling pressure has brought it down to about $6,980 levels. A firm cross-over above the level of

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Australia’s TPG Merges with Vodafone in A$15bn Deal

  On Thursday, Australia’s TPG Telecom (TPM.AU) and Vodafone Hutchison Australia have agreed to merge in a deal that would result in the formation of a new $10.9bn (A$15bn) company, while bringing about significant changes in Australia’s telecommunications sector. The

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Moody’s Downgrade Turkish Financial Institutions

  The international credit rating agency, Moody, downgraded 20 Turkish financial institutions on Tuesday, citing an increase in risk due to deteriorating economic scenario. The downgrade sparked another round of selloffs leading the lira to 6.5145 against the greenback, down

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Spotify Upgraded By Monness, Crespi, Hardt Analyst

  Spotify Technology (NYSE: SPOT) grabbed the headlines yesterday after the streaming music leader secured a bullish view from Brian White, an analyst at Monness, Crespi, Hardt & Co. Spotify, a world leader in streaming music service, had roughly 180

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Mexico and US Reach New Trade Agreement, Canada On Focus

  President Trump announced on Monday that Mexico and the US had reached a trade agreement, temporarily removing the pressure on the Mexican Peso, which had hit a low of 20.96 against the greenback in June. Following the news, the

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Cryptos In Green On SEC’s BTC ETF Review Announcement

  Bitcoin continues to stay above $6,500, while the overall market sentiment has remained mildly bullish for the past 3-4 trading sessions. SEC recently announced that it would once again review the nine Bitcoin ETF proposals, which were rejected on

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Trump’s Tweet Triggers South African Rand Sell-off

  Yesterday, the South African rand’s four-day rally against the US dollar was abruptly halted after U.S. President, Donald Trump, announced he has asked the Secretary of State to study South Africa’s land politics, triggering concerns that it may be

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Fed Chair Powell Assures Continued Gradual Rate Hikes  

  The US dollar started declining against its G10 rivals last week after the US President expressed his displeasure over rising interest rates. The downtrend extended when Trump called China and the EU out as ‘currency manipulators’. Following these statements,

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Tesla CEO Makes U-turn, Says Company Will Remain Public

  Last Friday night, Elon Musk, CEO of the electric car manufacturer Tesla Inc. (Nasdaq: TSLA) surprised investors by announcing that the company will remain public, and he plans to remain in charge. The unexpected U-turn may once again increase

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