Archive

Euro Up As Spain’s Socialist Party Holds Power In Elections

  The euro gained against the US dollar yesterday, following the announcement of poor US inflation data in the early US session. However, before that happened, the EUR/USD currency pair fell briefly following the reporting of weak eurozone business climate

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Philip Morris Estimates $20mln Savings via Blockchain Use

  The price correction, which started in the cryptocurrency market last week, continues with Bitcoin (BTC) being one of the major losers. The cryptocurrency has lost 3.4% in a week to trade at $5,193. Ethereum (ETH, the preferred smart contract

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Deutsche Bank Posts Mixed 1Q Results, Lowers FY19 View

  Deutsche Bank Aktiengesellschaft (NYSE: DB) reported a decline in pre-tax profit in the first quarter of fiscal 2019. Net profit, however, was higher compared to last year, mainly due to lower tax expenses. The German banking major, which called

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Yuan Strengthens On Strong Chinese Industrial Output

  The Chinese yuan rallied on the last day of the past trading week, boosted by stronger industrial production and ongoing federal government stimulus programs. Even though Beijing believes that economic growth is picking up, analysts still urge the government

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Swiss Franc Slightly Up On Improved Economic Sentiment

  The Swiss franc started strengthening yesterday after turning out to be the worst performing highly-traded currency in April. After recording significant losses against some of its G10 rivals, the franc seems to be reversing the trend, with minor gains

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Microsoft’s Market Cap Briefly Crosses $1 trillion

  Microsoft Corporation (Nasdaq: MSFT) and Facebook, Inc. (FB) started the tech earnings season, with both multinationals exceeding analysts anticipations. Specifically, Microsoft shares leaped more than 5% percent on Thursday, nudging the software behemoth beyond $1 trillion market capitalization on

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Euro Declines On Weak German IFO Business Climate Data

  The euro declined sharply yesterday for the second successive trading session against the greenback as the German business climate declined more than anticipated. The EUR/USD currency pair’s decline was also fueled by the risk-off market sentiment sparked by declining

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HMS Tech Partners With Blockchain Startup Solve.Care

  After the rebound seen earlier this week, the cryptocurrency market has once again gone into a correction mode. Bitcoin (BTC), which is trading at $5,430, is leading the fall with 2.1% erosion in price in the past 24 hours.

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Pound Hits 2-month Low On Brexit Uncertainty

  The pound recorded its 2-month lows against the greenback yesterday as European markets reopened following the Easter long weekend. Lack of new economic data from the UK and investors shift to safe haven asset also aided the decline of

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United Technologies Blows Away 1Q19 EPS Estimates

  Industrial giant, United Technologies (NYSE: UTX), published robust 1Q19 earnings and sales figures that surpassed analysts’ forecasts, and raised the 2019 low-end guidance. United Technologies, however, cautioned they might face headwinds in 2019 as the production of Boeing’s (BA)

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