Archive

Barclays Upwardly Revises Cisco to “Overweight”

  Shares of Cisco Systems Inc. (Nasdaq: CSCO) rose $1.24 or 2.66% to close at $47.88 after Tim Long, an analyst at Barclays upwardly revised the stock to “overweight” from “equal weight” on the basis of numerous product cycles that

Read More

ASB Bank Takes 21% Stake In Blockchain Firm TradeWindow

  The cryptocurrency market has rebounded after the sharp fall seen earlier this week. Whether it can consolidate and move up further is anybody’s guess. Bitcoin (BTC), which fell below $7,000, bounced back to trade at $7,156, reflecting a gain

Read More

PBoC Boosts Liquidity via Cut in 14-Day Reverse Repo Rate

  The US dollar rose 0.08% against the Chinese yuan to trade at 7.0023 on Wednesday after the People’s Bank of China (PBoC) slashed its 14-day reverse repurchase rate, after slashing the short-term 7-day repo rate a month ago. China’s

Read More

Unilever Stock Plunges 9% on Sales Warning

  The shares of Unilever plc (NYSE: UL, LSE: ULVR) declined $5.63 or 9.09% to close at $56.28 Tuesday after the consumer goods company cautioned it would not be able to reach the sales targets in 2019 and face a

Read More

Glencore Joins Responsible Sourcing Blockchain Network

After remaining range-bound with a slight bearish bias for more than two weeks, the cryptocurrency market came under heavy selling pressure yesterday. Bitcoin (BTC) lost 2.7% in the past 24 hours to trade at $6,895, reflecting a market cap of

Read More

Australia Downwardly Revises Budget Surplus on Slower Growth

  The euro dollar rose against the Aussie after the Eurozone posted a mild growth in December, ending the final quarter of the year with output at its weakest pace since the economy started recovering in 2Q 2013, as per

Read More

Adobe Beats Q4 EPS Estimates, Annual Rev. Crosses $11bln.

  Enterprise software giant Adobe Systems Inc. (Nasdaq: ADBE) reported fiscal 2019 fourth-quarter profit and revenues that exceeded Wall Street estimates. The company also issued a decent fiscal 2020 and 1Q 2020 earnings and revenue outlook. The stock hit a

Read More

UBS Analyst Upwardly Revises GE’s Rating to “Buy”

  The shares of General Electric Co (NYSE: GE) surged $0.47 or 4.28% to close at $11.44 after Markus Mittermaier, a new analyst at UBS, began his coverage of the industrial behemoth with a “buy” rating. Earlier, the company carried

Read More

Santander Uses Ethereum Blockchain to Redeem $20mln Bond

  The cryptocurrency market continues to remain range-bound with a negative bias. Bitcoin (BTC) hovers between 7,000 and 7,300 as there is no major news to provide necessary momentum to trigger a big move. Bitcoin, at the time of writing

Read More

Japanese Yen Down as Business Sentiment Drops to 3-yr Low

  The Aussie rose sharply against the yen yesterday after the Japanese Ministry of Finance reported that business sentiment index (BSI) among big Japanese companies dropped to a three-year low in 4Q 2019. The Aussie’s uptrend was aided by the

Read More