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Morgan Stanley Beats Q3 Forecast on Bond Trading Revenues

  The US investment banking firms have so far defied the Wall Street expectations for weak third-quarter performance. Specifically, Morgan Stanley (NYSE: MS), on Thursday, reported its best Q3 results in the past decade, led by a robust bond trading

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HSBC Issues First L/C Using Blockchain-Powered System

  The cryptocurrency market has turned red after Bitcoin (BTC) failed to consolidate and rise above the $8,500 level. Bitcoin, at the time of writing this article, has dropped to $7,980. The market cap has declined to $148.78 billion. Along

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New Zealand Inflation Accelerates In 3Q 2019

  The New Zealand dollar fell against the greenback yesterday despite the Statistics New Zealand reporting a better-than-anticipated increase in consumer prices in 3Q 2019. Notably, global dairy prices increased slightly in the auction conducted on Tuesday. The main reason

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Goldman Q3 EPS Miss, Investment Banking Revenues Decline

  The shares of Goldman Sachs Group, Inc. (NYSE: GS) closed almost flat at 206.46 after the financial behemoth posted 3Q 2019 profit below Wall Street forecasts. The revenues, however, surpassed analysts’ expectations. Goldman Sachs also reported a 15% decline

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IBM Unveils Blockchain-Based Supply Chain Solution

  The cryptocurrency market struggles to gather momentum as Bitcoin (BTC) faces severe resistance above $8,500 level. At the time of writing this article, the number one crypto with a market cap of $149.88 billion was trading almost flat at

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Singapore Dollar Weakens as MAS Eases Monetary Policy

  The Singapore dollar lost ground against the greenback yesterday after the country’s central bank (The Monetary Authority of Singapore) eased its monetary policy, citing a weak economic scenario. The Monetary Authority of Singapore, which utilizes the exchange rate as

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Citigroup Downgrades PG&E, Says Stock Price Could Hit Zero

  PG&E Corporation (NYSE: PCG) made headlines last week after Citigroup analyst Praful Mehta downwardly revised the stock’s rating to “Sell” from “Neutral/High Risk” on concerns over the impact of a bankruptcy plan tabled by Elliott Management group. The Citigroup

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Goldman Sachs Downgrades Cisco on Weak Corporate Spending

  The shares of Cisco Systems Inc. (Nasdaq: CSCO) declined with 1.47% or $0.69  to close at $46.15 on Thursday after Goldman Sachs analyst Rod Hall downgraded the stock to “neutral” from “buy” rating, on the assumption that nervous enterprises

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Hyundai Subsidiary To Setup $10mln. Blockchain Fund

  The cryptocurrency market continues to remain slightly bullish with all the top 20 altcoins in the green. Bitcoin (BTC) is inching upwards to trade at $8,565, representing a gain of 5.5% in the past 24 hours. Ether (ETH) has

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Australian Consumer Sentiment Drops To Four Year Low

  The Australian dollar managed to trade in a narrow range against the US dollar yesterday despite the release of a four-year low consumer sentiment index figure by the Westpac-Melbourne Institute. The announcement of fresh sanctions by Washington against Chinese

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