Archive

UBS Analyst Upwardly Revises GE’s Rating to “Buy”

  The shares of General Electric Co (NYSE: GE) surged $0.47 or 4.28% to close at $11.44 after Markus Mittermaier, a new analyst at UBS, began his coverage of the industrial behemoth with a “buy” rating. Earlier, the company carried

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Santander Uses Ethereum Blockchain to Redeem $20mln Bond

  The cryptocurrency market continues to remain range-bound with a negative bias. Bitcoin (BTC) hovers between 7,000 and 7,300 as there is no major news to provide necessary momentum to trigger a big move. Bitcoin, at the time of writing

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Japanese Yen Down as Business Sentiment Drops to 3-yr Low

  The Aussie rose sharply against the yen yesterday after the Japanese Ministry of Finance reported that business sentiment index (BSI) among big Japanese companies dropped to a three-year low in 4Q 2019. The Aussie’s uptrend was aided by the

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Needham Downgrades Netflix on Increasing Competition

  Shares of Netflix Inc. (Nasdaq: NFLX) lost 3.10% or $9.38 to close at $293.12 after Laura Martin, an analyst at Needham, downgraded the stock’s rating to “underperform” from “hold,” assuming a drop in US customers by 4 million in

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Microsoft Azure Unveils Blockchain Token, Data Mgmt. Service

  The cryptocurrency market remains range bound with a bearish bias. Bitcoin (BTC) continues to hover around the $7,300 levels. In the past 24 hours, the crypto has lost 1.6% to trade at $7,362.13. Ether (ETH) has lost 2.1% to

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Eurozone Investor Confidence Rises, Recession Fear Fades

  The euro dollar traded in a narrow range against the yen despite an unexpected increase in German exports in October and strong rise in Sentix business confidence in December. The upbeat Q3 GDP growth data from Japan enabled the

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Phoenix to Acquire Swiss Re’s ReAssure unit for $4.1bln

  Phoenix Group Holdings PLC (LSE: PHNX.L) announced on Friday that it is acquiring the British insurance division of Swiss Re AG (OTC: SSREY) in a cash-and-shares deal worth £3.20 billion (~$4.10 billion). Being a life and pensions firm, ReAssure

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Kroger Q3 EPS Miss Estimates, Reaffirms FY 2019, 20 EPS View

  The shares of Kroger Co (KR: NYSE) fell 3.04% or $0.84 to close at $26.80 after the largest US supermarket chain by revenue reported Q3 earnings below the Street estimates. The company also missed the revenue estimate of analysts.

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Deutsche Boerse’s DLT Platform Sees First Transaction

  The cryptocurrency market remains range bound with a slight bearish bias. Bitcoin (BTC) continues to hover between $7,100 and $7,300 levels. At the time of writing this article, Bitcoin was trading at $7,192.64, representing a gain of 0.4% in

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Aussie Turns Volatile as Q3 GDP Growth Miss Estimates

  The Australian dollar made a zig-zag move against the US dollar yesterday after weak economic data was reported from both countries. In the Asian session, the Australian Bureau of Statistics reported lower-than-anticipated GDP data for the third quarter. However,

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