Archive

Norwegian Krone Strengthens On Rate Hike By Norges Bank

  The greenback plunged against the Norwegian krone after Norway’s central bank (Norges Bank) raised the benchmark interest rate in the monetary policy meeting held yesterday, in line with its previous guidance. More importantly, the Norges Bank hinted at the

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Adidas Loses Trade Mark Battle in Europe

  The sportswear company Adidas AG (OTC: ADDYY) once again lost a court battle regarding the three-stripe logo on footwear, clothing, and headgear. While pouring cold water over Adidas’ plans to expand its trademark three-stripe design in the EU, the

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Kiwi Dollar Rises As Q1 GDP Growth Meet Estimates

  The Kiwi dollar rallied against the greenback yesterday after Statistics New Zealand reported fiscal 2019 first quarter GDP in line with analysts’ estimates. Most of the economic growth has come from the impressive performance of the construction sector. The

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IBM Unveils Multi-cloud Supporting Blockchain Platform

  The cryptocurrency market continues to gain ground steadily against the greenback. Bitcoin (BTC) has gained 1.9% in the last 24 hours to trade at $9,337.  Similarly, Litecoin (LTC), which will undergo halving of mining reward in August, has inched

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Yuan Up On Optimism Over Pending Xi-Trump Meeting

  The Chinese yuan reversed trend yesterday by rallying against multiple major currencies, aided by robust housing prices and retail sales in May. Even though the industrial output and fixed asset investment data did not meet analysts’ estimates, the figures

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Sanofi Partners With Google On Data Technologies

  French pharmaceutical firm Sanofi (Nasdaq: SNY) revealed that it has entered into a partnership with Google to utilize artificial intelligence and other tools for in-depth analysis of data to improve therapies. Following the news, Sanofi stock closed at $43.11,

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US Dollar Declines On Poor Manufacturing Index Data

  The greenback started weakening against its G10 rivals at the beginning of a new trading week, mainly due to weak economic data and unresolved trade tensions between the US and China. As the investors are treading cautiously, the EUR/USD

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Icertis Partners with Microsoft to Widen Blockchain Network

  The cryptocurrency market remains range bound with a slight bullish bias. Bitcoin (BTC) continues to consolidate above $9,000. Litecoin (LTC), which will undergo halving of mining reward, is trading at $132.20, down 2.3% in the last 24 hours and

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Online Pet Retailer Chewy Shares Gain 59% in Market Debut

  On the first day of listing, shares of Chewy, Inc. (NYSE: CHWY) jumped 59.05% or $12.99 to close at $34.99, reflecting a market capitalization of $14.35 billion for the online pet products retailer. Notably, that figure is four times

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Ruble Turns Weak As Bank Of Russia Cuts Interest Rate

  Russia’s central bank, in accordance with its previous outlook, lowered the benchmark interest rate and suggested a further decrease in the future amid easing inflation and softer economic growth. The latest 25 basis point rate cut was the first

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