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Italy’s Budget Deficit Forecast Puts Euro Under Hammer

  The euro-dollar fell against the greenback and other G10 currencies after Italian Finance Minister, Giovanni Tria, increased the country’s deficit to 2.4% of GDP, greater than the expectation of the European Union. The greenback, in the meanwhile, strengthened after

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Salesforce Reaffirms FY2022 Revenue Outlook

  The shares of Salesforce.com, Inc. (NYSE: CRM) closed at $160.43, up 1.33% from the prior close after John DiFucci, an analyst at Jefferies, upwardly revised his price target for the stock to $189 from $172. The company’s Dreamforce event

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French Government To Provide Regulatory Framework For ICOs

  The cryptocurrency market remains range bound with Bitcoin (BTC) trading near $6,500. A firm crossover above $6,700 levels may trigger another round of buying. The most notable thing is that the overall sentiment is slowly turning from bearish to

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South African President Calls the Rand ‘Undervalued’

  Despite the announcement of a rate hike by the Federal Reserve yesterday, the South African rand rose to its highest level since late August as risk appetite broadly increased among investors. The US Federal Reserve endorsed steady economic growth

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New Zealand Dollar Turns Weak On Widened Trade Deficit

  The New Zealand dollar fell against the currencies of developed countries, and specifically against the greenback last week after the average price of dairy product prices fell at the Global Dairy Trade auction to $2,934 per ton, in comparison

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Novartis To Ax 2,000 Jobs As Part Of Restructuring Plan

  As part of a global restructuring, the Pharmaceutical company Novartis AG (NYSE: NVS) stated that it plans to slash 2,000 jobs in Switzerland by 2022, while nearly 400 jobs could disappear from the British job market. The job cuts

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Ripple Rallies On New Partnerships, Product Launches

The cryptocurrency market has remained range-bound for the past few days. However, Ripple, the San Francisco firm which offers a blockchain technology based real-time gross settlement system for cross-border payments, has rallied sharply in the past few days to hit

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Yen Remains Weak on lack of hint on Monetary Policy Easing

  The yen has turned weak in the past few days after the Bank of Japan kept monetary policy steady while leaving the July outlook unchanged.  Specifically, the yen has turned weak against the greenback, which could receive another boost

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Weak Factory PMI Data Reflects Slowdown In Eurozone

  The euro-dollar has been on the rise against the US dollar for the past month but has not gained much against the Canadian dollar. Two of the main reasons which enable the Canadian dollar to hold its ground are

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Nike’s Ad Campaign With Colin Kaepernick A Runaway Success

  NIKE, Inc. (NYSE: NKE) was hit hard in the first week of September after the company launched a new 30th anniversary ad campaign of its “Just Do It” slogan featuring Colin Kaepernick., the former NFL player who created controversy

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