Archive

Alibaba Plunges 5% as the US Ponders De-listing Chinese Firms

  Shares of Alibaba plunged on Friday following media reports that the White House is looking at various options to restrict US investments in China. The primary objective of the plan being considered is to safeguard investors. No final decision

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Accenture Posts Mixed 4Q Results, Issues Weak FY 2019 EPS View

  Management and technology consulting service provider Accenture Plc (NYSE: ACN) reported fiscal 2019 fourth-quarter earnings that beat analysts’ estimates. Revenues, however, missed analysts’ estimates. The company also issued FY 2019 earnings outlook below analysts’ forecasts. Following the announcement of

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Marsh Trials Blockchain Platform For Insurance Placement

  The cryptocurrency market entered into a deep correction mode yesterday with all but two major altcoins losing considerable ground against the US dollar. Bitcoin (BTC), the most tracked crypto, lost 2.8% to trade at $8,381. In the past week,

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Kiwi Dollar Down as Trade Deficit Widens in August

  The New Zealand dollar rose against the greenback yesterday morning after the country’s Monetary Policy Committee left the benchmark interest rates unchanged at the recently established low of 1%. The statement issued by the Reserve Bank of New Zealand’s

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Thomas Cook Files For Bankruptcy As Bailout Talks Fail

  The shares of Thomas Cook Group plc (OTC: TCKGY, LSE: TCG.L) got suspended from trading on Monday after the most popular and oldest brand in world travel filed for bankruptcy – terminating all operations related to bookings, vacations, and

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CME Group to Launch Option Contracts on Bitcoin in 1Q20

  After remaining range-bound for more than two weeks, the cryptocurrency entered a correction phase yesterday. Bitcoin (BTC) lost nearly 8% in a matter of hours to trade at $9,712.87. Correspondingly, the market cap declined to $174.18 billion. Likewise, Ethereum

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Aussie Down as Manufacturing PMI Falls To 49.4

  The Aussie weakened yesterday against the greenback as manufacturing PMI data reported by the Commonwealth Bank signaled contraction in the manufacturing sector. Furthermore, the sharp drop in the price of iron ore and the Chinese delegation’s abrupt cancellation of

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Netflix Down on Slowdown Forecasts By Evercore Analysts

  The shares of Netflix, Inc. (Nasdaq: NFLX) plunged 5.53% or $15.85 on Friday to close at $270.75 after Evercore analysts issued a note to clients that highlighted the streaming content provider’s struggle to lure global subscribers. Furthermore, Netflix CEO

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Microsoft Boosts Dividend, Unveils $40bln Stock Buyback

  The shares of Microsoft Corporation (Nasdaq: MSFT) rose $2.55 or 1.84% to close at $141.07 after the company authorized the repurchase of another $40 billion shares and raised its quarterly dividend by $0.05 to $0.51 a share. In last

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European Space Agency Backs Blockchain Satellite Venture

  The cryptocurrency market continues to trade in a narrow range with Bitcoin (BTC) hovering around $10,000 levels. While Bitcoin (BTC) traded at $10,119, representing a loss of 0.8% in the past 24 hours, Ethereum (ETH) was trading at $207.03,

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