Archive

HP Board Rejects Xerox’s Take Over Bid

  The shares of Xerox Holdings Corp (XRX: NYSE) declined 1.55% or $0.61 to close at $38.69 yesterday after the board of directors of HP Inc (NYSE: HPQ) collectively brushed away the acquisition bid made by the digital document products

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China Unexpectedly Cuts Short-Term Lending Rate

  The greenback rose 0.36% against the Chinese yuan to trade at 7.0288 yesterday after the People’s Bank of China made an unexpected decision to slash its short-term lending rate, the first of its kind in more than four years.

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Nestlé Opts For Blockchain Platform to Track Infant Milk

  The cryptocurrency market continues to trade in red with Bitcoin (BTC) struggling to hold at $8,000 level. The cryptocurrency has lost 3.1% in the past 24 hours to trade at $8,198.40. Correspondingly, the market cap of Bitcoin has dropped

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Amazon Files Lawsuit Against US DoD Over JEDI Contract

  The cloud division of the online retailer Amazon.com, Inc. (Nasdaq: AMZN) has filed a lawsuit at the Court of Federal Claims against the US Department of Defense (Pentagon) on November 8th regarding the latter’s decision to bestow the $10

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Walmart Beats Q3 Earnings, Lifts FY2020 Earnings View

  Retail chain Walmart Inc. (NYSE: WMT) posted fiscal 2019 third-quarter profits that more than doubled from Q3 2018, led by an increase in revenues and a strong performance of Walmart US and International. Notably, non-GAAP earnings per share exceeded

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Alibaba’s Fintech Arm Trials Blockchain Platform

  The cryptocurrency market remains mixed with a majority of altcoins in the red. Bitcoin (BTC) is struggling to hold near $9,000. At the time of writing this article, Bitcoin was trading flat at $8,750. Ether (ETH) is trading at

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UK Consumer Price Index Declines To 3-year Low

  The yen rose against the British pound after the release of better-than-anticipated bank lending and PPI data from Japan. The pound’s decline was also aided by the drop in the UK’s consumer price inflation to its lowest level in

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DHL Beats Q3 Estimates, Reaffirms EBIT View For FY 2019, 2020

  Shares of Deutsche Post DHL Group (OTC: DPSGY, XETRA: DPWGn.DE) gained 3.13% or $1.13 on Tuesday to close at $37.30 after the company reported fiscal 2019 third-quarter net income that tripled from last year. The German package delivery and

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Hong Kong Studying Benefits & Threats of Digital Currency

  The cryptocurrency market continues to lose ground, with Bitcoin (BTC) falling below the $9,000 level once again. At the time of writing this article, Bitcoin has lost 3.4% in the past 24 hours to trade at $8,731.71. Likewise, Ether

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Pound Surges as UK Avoids Recession in Q3 2019

  The pound rose sharply against the yen yesterday after the data published by the UK Office for National Statistics indicated that the country had avoided a recession in Q3 2019, aided by services and construction. Additionally, the rally was

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