Archive

Euro Declines On Weak German Inflation Data

  Yesterday, for the third successive session, the euro declined against the greenback, mainly due to the weak business confidence data released by the European Commission. The EUR/USD currency pair’s decline was fueled by the weak German inflation data. But

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Micron Gets Outperform Rating From RBC Capital Markets

  An equity research report published by RBC Capital Markets has recommended investing in Micron Technology (Nasdaq: MU) shares on the basis of possible bottoming out of memory chip prices in the upcoming months. Notably, the stock has gained nearly

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Yen Rises Despite Concerns Over Sales Tax Hike to 10%

  The Japanese yen strengthened against the greenback and other major currency rivals yesterday. As there were no significant economic data releases, investors were watching other domestic trends to determine how the yen can be traded in the short term.

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Huobi’s US Arm To Launch Stablecoin For Institutions

  The cryptocurrency market has turned slightly bullish as Bitcoin (BTC) crossed above the $4,000 level earlier today. EOS (EOS) and Cardano (ADA) are two altcoins which have gained roughly 4% in the past 24 hours to trade at $4.25

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Yuan Remains Range Bound As Investors Await Trade Talks

  The Chinese yuan is trading in a mixed manner against the G10 rivals as investors continue to monitor the developments related to the US-China trade talks. At the same time, investors and speculators are running through numerous news releases

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Viacom Stock Rises On Signing New Carriage Deal With AT&T

  The latest carriage deal between Viacom Inc. (Nasdaq: VIAB, VIA) and AT&T Inc. (NYSE: T) has averted a programming blackout which had the potential to leave AT&T’s over 24 million pay-TV subscribers without access to Viacom channels such as

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Kiwi Dollar Up On Solid Trade Surplus Data

  The New Zealand dollar gained against the greenback yesterday after Statistics New Zealand reported a trade surplus for February. The antipodean currency was also lifted by positive news relating to the US-China trade talks as China is the largest

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Tribe, a Blockchain Accelerator Partners With BMW and Intel

  The cryptocurrency market is once again showing signs of fatigue as Bitcoin (BTC) failed to stay above the psychological level of $4,000. The cryptocurrency has lost about 1.4% in the past 24 hours to trade at $3,941. Other altcoins,

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MillerCoors sues Anheuser-Busch For Corn Syrup Ad

  MillerCoors LLC has lodged a case against Anheuser-Busch Companies LLC, a subsidiary of Anheuser-Busch InBev (OTC: AHBIF.PK, NYSE: BUD), blaming that Anheuser-Busch’s ad campaigns related to MillerCoors’ products, Miller Lite and Coor Light, with corn syrup as an ingredient,

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Decline in Retail Sales Turns the Canadian Dollar Weak

  The Canadian dollar tumbled against its main rivals on Friday as economic data indicated that retail sales dropped in January for the third straight month, led by poor sales at automobile and components dealers. The significant drop in crude

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