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P&G Beats Q4 EPS Estimates, Issues Optimistic FY20 view

  Procter & Gamble Co. (NYSE: PG) reported fiscal 2019 fourth-quarter results that surpassed analysts’ estimates. Core earnings per share grew 17% y-o-y, led by robust organic sales growth and an increase in core operating margin. Currency-neutral core earnings per

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Sweden Economy Unexpectedly Contracts in Q2

  The Swedish krona fell sharply against the greenback yesterday after Statistics Sweden reported that the economy contracted in the second quarter, for the first time in three quarters. Analysts were expecting slight growth for the reported period. Following the

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Yen Weakens On Dovish Stance By the Bank of Japan

  The yen declined against the greenback yesterday as the market anticipates the Bank of Japan to reaffirm its pledge to follow ultra-loose monetary policy. The Bank of Japan began a two-day policy meeting yesterday. The Central is expected to

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Australia’s Curtin Univ Accepts Bitcoin for Ph.D. Program

  The cryptocurrency market continues to remain weak with all the major altcoins in the red. Most importantly, Bitcoin (BTC) faces heavy resistance at the $10,000 level. At the time of writing this article, Bitcoin was trading at $9,422, down

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Amazon Down On Missing Q2 EPS Estimates

  Amazon.com Inc. (NASDAQ: AMZN) reported fiscal 2019 second-quarter earnings that missed analysts’ estimates. However, a robust performance of the cloud business boosted revenues by 20% y-o-y to surpass the Street view. The below-par performance has come at a time

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Greenback Up On Better-than-Anticipated Q2 GDP Data

  The US dollar was staggeringly bullish against the euro last trading week, despite the forecast for a rate cut by the US Fed this week. On Friday, after opening at 1.1147, the EUR/USD rose only up to 1.1150 before

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Boeing Swings To Q2 Loss On Grounded 737 MAX

  Boeing Co. (NYSE: BA) reported an enormous loss for the fiscal 2019 second-quarter, impacted by a huge charge and enhanced expenses connected to the 737 MAX grounding and related delivery setbacks. Both core loss and revenues missed analysts’ projections

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Rand Plunges On Moody’s Warning Over Eskom Revival Plan

  The South African rand was unable to capitalize on the release of better-than-anticipated inflation data as the government’s plan to revive the ailing energy company Eskom from insolvency, which is placing South Africa’s credit rating at risk. After hitting

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Sumitomo to Launch Blockchain-Based Real Estate Platform

  After undergoing correction for the past few days, the cryptocurrency market is trying to recover the lost ground in the past 24 hours. Bitcoin (BTC) has managed to climb back above $10,000 level. At the time of writing this

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Yuan Up As China Imposes Anti-dumping Duty On Steel Imports

  The yuan started rallying against the greenback yesterday after the Chinese government announced that steel imports from major trading partners would be subject to import duties. The latest initiative is seen as an effort to achieve industrial growth target

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