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Uber Posts $5bln Loss In Q2, Misses EPS Estimates

  Ride-hailing service Uber Technologies, Inc. (NYSE: UBER) posted a massive loss of $5 billion in its fiscal 2019 second-quarter, with both revenue and earnings missing Wall Street forecasts. Notably, the company recorded a new milestone of 100 million “Monthly

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Canadian Dollar Declines On Weak Job, Building Permits Data

  The Canadian dollar declined against the yen on Friday despite the release of upbeat housing starts data. The weakness in crude oil price, rise in the unemployment rate, and worse than anticipated decline in building permits has turned the

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Salesforce Acquires Field Service Firm ClickSoftware

  Just days after completing the massive $15.7 billion Tableau deal, US cloud computing company Salesforce.com, inc. (NYSE: CRM) announced that it has acquired field service software enterprise ClickSoftware in a cash and stock deal worth $1.35 billion. Salesforce has

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Kiwi Dollar Declines On Deeper Rate Cut By RBNZ

  The New Zealand dollar fell against the greenback yesterday after its central bank slashed the benchmark interest rate by 50 basis points to boost inflationary pressure and spur economic growth. The Kiwi dollar’s decline was also fueled by the

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ECB To Study Off-Chain Data In Crypto Surveillance

  The cryptocurrency market continues to trade in the green with Bitcoin (BTC) hovering around the $12,000 level. At the time of writing this article, Bitcoin was trading at $11,942.89, up 3.3% from prior close. There are three reasons given

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Euro Down On Contraction of German Construction Sector Data

  The eurodollar fell against the greenback yesterday despite the release of better than anticipated German factory orders data. The US-China trade tensions and contraction of the German construction sector were the main reasons for the decline. Many analysts believe

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Blackstone Acquires Stake in rival buyout firm BC Partners

  The world’s largest alternative investment firm Blackstone Group Inc (BX: NYSE) is investing $560 million (€500 million) to acquire a stake in BC Partners, a big European-US buyout firm managing over €22 billion in assets. The investment is the

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China Designated As Currency Manipulator By US Treasury

  The US President Donald Trump’s decision to slap import duties on $300 billion worth of Chinese goods had a negative impact, as anticipated, on the Chinese yuan. However, the market was stunned when China’s central bank allowed the currency

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Nexo Partners With Mastercard To Launch Crypto Debit Card

  The cryptocurrency market has started rebounding this week after Bitcoin (BTC) broke above $10,000 level once again. Bitcoin (BTC), at the time of writing this article, has gained 1.5% to trade at $11,669. One of the main reasons for

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GoPro Misses Q2 EPS Estimates, Promises 2H19 Rebound

  Action video camera manufacturer GoPro, Inc. (Nasdaq: GPRO) reported fiscal 2019 second-quarter revenue that increased from last year. However, the company missed both top line and bottom line estimate of analysts. Notably, on a non-GAAP basis, the company swung

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