Archive

EU Commissioners – Italian Budget-draft Breaches EU Rules

  Italy’s bonds fell sharply yesterday, a few hours after the European Union’s executive body sent out a letter to the Italian government, and investors honed their focus on budget worries. As per the letter composed by the EU Commissioners

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Novartis Raises FY18 Sales View, Acquires Endocyte

  The Swiss drugmaker, Novartis AG (NYSE: NVS), issued an upward revision of its full-year revenue outlook, citing growing sales of its arthritis and Cosentyx psoriasis drug, besides the impressive performance of heart failure medicine Entresto, whose 3Q18 sales more

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US Shies Away From Naming China a Currency Manipulator

  The United States has abstained from labeling China a “currency manipulator,” a decision that could assist in defusing heightening anxiety over trade between the two countries. In the past, President Trump has accused China of deliberately keeping its currency

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Toyota Looks At Blockchain For Efficient Advertising

  After remaining virtually stagnant for almost two weeks, the cryptocurrency market is showing signs of bullishness. Bitcoin (BTC) has once again crossed above $6,500 levels. Almost all the altcoins are in green. One of the reasons for the bullishness

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US Dollar Remains Bullish On Strong JOLTS Data

  The dollar gained ground against the yen on upbeat Wall Street earnings and diminished global appetites for safe haven assets such as the yen. All the three major Wall Street indexes rose by over 2% as blue-chip companies reported

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Sears Files For Bankruptcy, Edward Lampert Resigns As CEO

  Sears Holdings Corp. (NASDAQ: SHLD) filed for bankruptcy protection from lenders, marking the financial collapse of a company that has ruled the American retail sector for a major portion of the 20th century. The statement comes in the middle

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Christie’s To Trial Blockchain For Auction Data Storage

  The crypto market continues to remain range-bound with slight bearish bias. Bitcoin (BTC) continues to stay above $6,300 but is finding it hard to cross $6,500 levels. One of the most noteworthy and positive developments in the past few

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Saudi Riyal Hits Two Year Low On Jamal Khashoggi’s Disappearance

  Saudi Arabia’s currency touched its two year low, and its global bond prices plunged on Monday on concerns that overseas investment could contract as Riyadh faces considerable pressure over the vanishing of journalist Jamal Khashoggi. Following the increasing pressure

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Turkish Court Frees US Pastor, Lira Strengthens

  In Turkey, the Second-High Criminal Court in the western Izmir province ruled on Friday that American pastor Andrew Craig Brunson be imprisoned for three years, one month and 15 days, but clarified that he would no longer be under

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Walmart Acquires Women Innerwear Firm Bare Necessities

  The biggest international retailer, Walmart Inc. (NYSE: WMT), announced on Friday that it has bought Bare Necessities, a women’s lingerie retailer with web presence, for an undisclosed amount. Bare Necessities will carry on functioning as a standalone business. It

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