Archive

Swiss Franc Strengthens On Surplus Budget Forecast

  The USD/CHF pair moved in a zigzag manner yesterday before the Swiss franc gained ground slightly against the greenback, aided by the Swiss government’s surplus budget forecast. The government believes that the planned pension and tax reforms would rake

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FAA Identifies New Issue On Grounded Boeing 737 Max

  Aircraft manufacturer Boeing Company’s (NYSE: BA) plans to bring back its 737 Max jet to service got delayed again as the Federal Aviation Administration (FAA) has pointed out a new technical issue in the plane. So, government authorities will

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Robust Wholesale Sales Data Propel Canadian Dollar

  The Canadian dollar started strengthening midweek against the greenback as wholesalers posted their quickest two-month gain in nearly four years, while crude oil prices continued to remain bullish. The Canadian dollar’s appreciation was limited on the heightening diplomatic and

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Opera Unveils Crypto-Ready Browser for iOS Devices

Video URL The cryptocurrency market is undergoing a mild price correction after rallying for the past two days. Notably, Bitcoin (BTC) continues to stay in green with a gain of 7.3% in the last 24 hours and 38% in the

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Yen weakens As BoJ Signals Readiness To Cut Rates

  The Japanese yen started weakening yesterday after the Bank of Japan indicated its willingness to implement further monetary easing if the economy requires a stimulus. Notably, the yen weakened despite the release of positive economic data. From a low

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Eldorado Resorts Acquires Caesars In $17.3bln Deal

  Eldorado Resorts, Inc. (Nasdaq: ERI) is acquiring Caesars Entertainment Corporation (Nasdaq: CZR) in a cash and stock deal worth $8.50 billion in order to scale its operations and compete with large enterprises such as Las Vegas Sands and Wynn

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Swiss Franc Strengthens As US Fed Signals Rate Cut

  The Swiss franc continued to gain against the greenback yesterday as cautious sentiment in Europe and Asia forced investors to look for safe haven assets. The US dollar also fell due to the dovish FOMC (Federal Open Market Committee)

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G7 Taskforce To Be Setup For Studying Crypto Regulation

  The cryptocurrency market continues to remain in an uptrend with occasional small price corrections. Bitcoin (BTC) has gained 4.6% in the last 24 hours to trade at $11,183.71. Similarly, Ethereum (ETH) has gained 2.8% to trade at $312.20. However,

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Chevron Phillips Bids $15bln to acquire Nova Chemicals

  Chevron Phillips Chemical Co., a petrochemical industry jointly owned by Chevron Corporation (NYSE: CVX) and Phillips 66 (NYSE: PSX) has evinced interest to take over Calgary, Canada-based Nova Chemicals for over $15 billion, including debt. The potential takeover signals

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Canadian Dollar Declines On Weak Retail Sales Growth

  The Canadian dollar declined sharply against its G10 rivals on Friday due to a slowdown in domestic retail sales growth in April. In particular, the loonie plunged against the euro on upbeat manufacturing and service PMI data from the

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