Archive

Louis Vuitton Arouses Suspicion over $16bn Tiffany takeover

  The CEO of France based Luxury goods company, LVMH Moet Hennessy Louis Vuitton Societe Europeenne (OTC: LVMUY), Bernard Arnault, has stated that his company is looking at ways to recommence discussions on the previously agreed $16.20 billion takeover of

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Eurozone Services PMI Improves to Highest Level in 3-Months

  The euro rose against the greenback yesterday following the release of better-than-anticipated services PMI data from the Eurozone. However, the data indicated an ongoing contraction of the service sector in the European Union. Notably, the ISM manufacturing data and

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Fireblocks Rolls Out Asset Transfer Network

  The cryptocurrency market remains slightly bullish, but Bitcoin (BTC) has fallen below the crucial $10,000 level. After hitting $10,167, the cryptocurrency with a dominance factor of 64.4% fell to $9,485, but has rebounded to $9.678 in the past 24

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Social Games Provider Zynga Acquires Peak for $1.8bln

  Social game services provider Zynga Inc (Nasdaq: ZNGA) is acquiring the Turkish mobile game developer, Peak, in a cash and stock deal worth $1.80 billion. In a separate press release, Zynga upwardly revised its outlook for the current quarter

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China Caixin Manufacturing PMI Unexpectedly Rises in May

  The Chinese yuan rose 0.05% to 7.1279 against the greenback on Monday after the PBoC (People’s Bank of China) set the onshore rate at a 12-year low of 7.1315. One of the reasons for the yuan gaining ground, instead

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Blockchain Battery Grid Platform Expands EU Operations

  The cryptocurrency market has turned bullish as Bitcoin (BTC) has broken above the psychological level of $10,000 today. At the time of writing this article, the numero uno cryptocurrency was trading at $10,086, reflecting a gain of 5.7% in

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Raymond James Upwardly Revises Lululemon Target Price

  Shares of athletic retailer Lululemon Athletica Inc (Nasdaq: LULU) gained $15.67 or 5.51% to close at $300.10 after Matthew McClintock, an analyst at Raymond James upwardly revised its target price to the highest level among Wall Street estimates. The

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Trump Signs Executive Order Targeting Twitter

  Twitter, Inc. (NYSE: TWTR) is facing the heat of the White House as US President Donald Trump is on course to sign an executive order focused on social media firms, after Twitter started fact-checking tweets, including the ones from

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Aussie Down as US-China Tensions Soar over Hong Kong Issue

  The Aussie dollar fell sharply against the US dollar after the data pertaining to the construction done in the first-quarter indicated a contraction from the earlier quarter. The release of better-than-anticipated Richmond manufacturing index, suggesting a slight improvement in

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Vodafone to Link Energy Producing Gadgets Using Blockchain

  The cryptocurrency market has once against turned slightly bullish, with Bitcoin (BTC) rallying 4% in the past 24 hours to trade at $9,225. Ether (ETH) has also gained 5.1% to trade at $207.50. However, XRP, native cryptocurrency of Ripple,

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