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Franc Down On Decline In Swiss KOF Economic Barometer

  The Swiss franc started declining against most of its major rivals yesterday. The decline was mainly due to weak domestic macroeconomic data that signaled a growth slowdown. Global trade tensions, specifically between the US and China, and overall weakness

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SBI Holdings & R3 Partner To Promote Corda In Japan

  The cryptocurrency market continues to move sideways, with Bitcoin (BTC) hovering around $3,500. Other altcoins such as Ethereum (ETH-$109.37), EOS (EOS-$2.33), Litecoin (LTC-$32.08), TRON (TRON-$0.03), Stellar (XLM-$0.09) and Cardano (ADA-$0.04) are trading almost at the same level seen earlier

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Canadian Dollar Strengthens On Crude Oil Rally

  The Canadian dollar rose against the major currencies yesterday, as oil prices rallied on the basis of additional sanctions slapped by the US government on Venezuela’s state-owned company. The sanctions will limit crude exports to the US. Following the

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SAP Beats Q4 Expectations, Announces Restructuring

  Europe’s most valuable software company SAP SE (SAP.XE) reported fiscal 2018 fourth-quarter results that exceeded analysts’ estimates. The company also pointed out that it has met or surpassed Wall Street estimates mainly due to double-digit growth in the cloud

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Yen Strengthens On Growing Uncertainty In US-China Talks

  The Japanese yen strengthened against its peers in quiet trading yesterday. As there were no significant economic releases or essential events, a sideways movement was seen in the markets. Fading anticipations for a widening of the US-Japan interest rate

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IBM, Aetna To Build Blockchain Platform For Health Care

  After remaining on a bearish note for almost a week, all the major cryptocurrencies, including Bitcoin (BTC), are showing signs of reversal today. Bitcoin is slightly up with a gain of 0.1% to trade at $3,420. Other altcoins such

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Pound Rallies On Brexit Optimism, Retail Sales Data

  Media reports on Friday indicated that Northern Ireland’s Democratic Unionist Party has privately consented to back Theresa May’s alternative Brexit deal, which will be voted on tomorrow. Following the news reports, the pound rose on the premise that the

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AbbVie Misses 4Q18 Estimates On Weak Humira Sales

  The pharmaceutical company, AbbVie‘s (NYSE: ABBV) posted lower than anticipated earnings and revenue in the fourth-quarter of 2018. Furthermore, international sales of blockbuster drug Humira reported a decline of 14.8% on a y-o-y basis. Following the weak results, the

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Euro Turns Weak On Poor Manufacturing, Services PMI data

  The euro today fell to a new weekly low of 1.1306 versus the dollar in the early European session following the release of weak PMI prints from across the eurozone by IHS Markit. The single currency later rebounded to

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Freeport-McMoRan Posts Big Earnings Miss in 4Q18

  The stock of the world’s second-largest copper mine, Freeport-McMoRan (NYSE: FCX), reported lower-than-anticipated fourth-quarter profits due to declining prices of copper. The company also issued an unimpressive 1Q19 production outlook. Following the release of 4Q18 results, the stock dropped

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