Archive

Higher Crude Prices Strengthen Canadian Dollar

  The Canadian dollar strengthened against the currency of its southern neighbor mainly due to an increase in oil prices during the European session. The release of mixed Canadian inflation data pushed the USD/CAD currency pair to new daily lows.

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Turkcell Launches Blockchain System For ID Management

  The cryptocurrency market continues to remain in a correction mode, which started earlier this week. While Bitcoin (BTC) hovers at around $3,800, down 3.9% on the w-o-w basis, other altcoins have lost much of the gains made in the

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Euro Rallies On Fed Chair Powell’s Dovish Remarks

  The euro remained directionless during the Asian session yesterday, fluctuating between weekly high and low in response to various technical triggers. However, the release of weak housing data and the dovish statement made by the US Fed Chair Jerome

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Standard Chartered Reveals New Growth Strategy

  Yesterday, Standard Chartered Plc (OTC: SCBFF.PK, LSE: STAN.L) reported a decline in attributable net profit in fiscal 2018, compared to last year, but pre-tax profit was higher during the same period. Both net income and operating income recorded an

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Pound Jumps On Hopes Of a Brexit Delay

  The British pound strengthened against the US dollar yesterday morning, after breaking the near one-month resistance of 1.3075, amid investor anticipation that the UK government would delay Brexit to give time for further discussions. An increase in risk appetite

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Mercedes-Benz To Use Blockchain For Supply Chain Contracts

  The cryptocurrency market is presently undergoing a correction, with Bitcoin (BTC) falling below $3,900 level to trade at about $3,830. Crypto enthusiasts hope that the correction is temporary and does not result in a big sell-off. Other altcoins started

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Canadian Dollar Up Despite Poor Retail Sales Data

  The Canadian dollar surprised currency market participants by strengthening against the greenback and other major currencies, despite the release of weak retail sales data. The loonie’s uptrend has come at a time when the Bank of Canada has cautioned

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Kraft Heinz Plunges 27% After Posting Q4 Loss Of $12.5bln

  The shares of Kraft Heinz Inc. (Nasdaq: KHC) saw their worst fall on Friday, after the third-largest food and beverage company in North America reported a swing to a loss in Q4 2018, compared to a profit in the

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Mixed Economic Data Keeps US Dollar Range-Bound

  The US dollar remains range-bound against the most traded currencies. A series of mixed economic data has caused the range-bound movement of the greenback against its rivals. The market is also eagerly waiting for the outcome of the US-China

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Deutsche Telekom Swings To Q4 Loss, Reaffirms Growth View

  Shares of Deutsche Telekom AG (OTC: DTEGY.PK, XETRA: DTE-DE) dipped nearly 2% before recovering to close at €14.63, up €0.06 or 0.38% from the earlier close, after the telecom giant reported a swing to a loss in the fourth

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