Archive

Lufthansa Grounds 95% Aircraft To Avoid Cash Crunch

  German airline Deutsche Lufthansa AG (OTC: DLAKF, DLAKY) posted a decline in profit and margin in fiscal 2019 on Thursday. This, despite an improvement in the top line. Moving forward, the largest German airliner stated that it is not

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Canadian Dollar Declines as Oil Plunges to $20 Per Barrel

  The greenback rallied against the Canadian dollar after Statistics Canada reported lower-than-anticipated median consumer price index for February. The loonie’s decline was also aided by fears of a global recession, which has encouraged speculators and money managers to aggressively

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Gitcoin Starts Facilitating Ethereum Classic Payouts

  The cryptocurrency market is trying to rebound after the massive sell off that took Bitcoin (BTC) below $5,000. At the time of writing this article, Bitcoin is trading at $5,338.16, almost unchanged from previous day. Ether (ETH) is trading

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Boeing Stock Plummets to 6-yr Low on S&P Downgrade

  The stock of Boeing Co (NYSE: BA) lost 4.22% or $5.47 to close at a six-year low of $124.14 after the aircraft manufacturer was placed on “credit watch – negative” by Fitch, mirroring the negative effect of the coronavirus

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Kiwi Dollar Turns Volatile as RBNZ Announces Rate Cut

  The New Zealand dollar declined sharply against the greenback in the Asian session Monday after the RBNZ (Reserve Bank of New Zealand) announced an unexpected rate cut while hinting at further stimulus measures to mitigate the negative impact of

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FarmVille Game Creator To Build Blockchain Gaming Platform

  The outbreak of coronavirus continues to cause havoc in both traditional and crypto markets. Bitcoin (BTC) has rebounded above $5,000 after plummeting to 4,550.80 yesterday. The cryptocurrency is currently trading at $5,206.33, down 2.5% from earlier close. In the

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Pentagon To Review JEDI $10bln. Cloud Contract

  The New York court filings made by the US Department of Defense indicates that it is interested in relooking at the multi-billion-dollar cloud contract awarded to Microsoft Corporation (Nasdaq: MSFT). The cloud division of the online retailer Amazon.com, Inc.

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Dollar General Beats Q4 Estimates, Issues Strong FY 2020 View

  Dollar General Corporation (NYSE: DG) reported fiscal 2019 fourth-quarter results that surpassed analysts’ estimates. The variety store chain posted Q4 earnings that improved from last year. The company also issued impressive FY 2020 sales and EPS growth outlook, in

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Japan’s FSA Unveils Blockchain Governance Initiative

  The fall of Bitcoin (BTC) below $8,000 has turned the crypto market bearish. At the time of writing this article, Bitcoin was trading at $7,665.80, representing a decline of 3.4% in the past 24 hours. Ether (ETH), the native

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Pound Down on Emergency Rate Cut of 50bps by BoE

  The pound fell sharply against the greenback after the Bank of England slashed the benchmark interest rate unexpectedly while unveiling a fresh stimulus program for small companies. The central bank chose to reduce interest rates to negate the negative

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