Archive

Novovax Awarded $4mn For Coronavirus Drug Development

  For the past week, investors across the globe have been dumping stocks as the coronavirus continues to spread in an unabated manner. However, one pharmaceutical stock has started appreciating this week. Specifically, the company which has hogged the limelight

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China’s Exports Plummet 17.2% in January-February Period

  In the offshore market, the Chinese yuan lost 0.3% to trade at 6.9053 a dollar as data published by the country’s General Administration of Customs indicated a sharp decline in exports from January to February. As the country grapples

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Vodafone Opts for Blockchain to Improve Supply Chain

  The cryptocurrency market has turned bearish with Bitcoin (BTC) sliding below the $8,000 level. At the time of writing this article, Bitcoin has lost 1.9% to close at $7,930.69. Ether (ETH) has lost 1.2% to trade at $202.48. Ripple’s

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Starbucks Issues Earnings Warning, Trims China Business View

  Starbucks Corporation (Nasdaq: SBUX) is the latest publicly listed company to issue an earnings warning while slashing its outlook for China as the country grapples with the coronavirus outbreak. The coffee chain has already stopped opening new stores in

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Citi Initiates Coverage of JnJ with ‘Buy’ Rating

  FMCG company Johnson & Johnson (JNJ: NYSE) drew the market’s attention yesterday after Citi analyst Joanne Wuensch began covering the stock with a ‘Buy’ rating. The rating may come as a surprise to some investors as the company’s key

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RBA Announced Preemptive Rate Cut of 25 Basis Points

  The GBP/AUD pair remained range-bound yesterday despite the release of better-than-anticipated GDP data (December quarter) from Australia. Concerns over the outbreak of coronavirus in China and other countries have turned the sentiment bearish towards the Aussie. China is the

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Walmart Joins Hyperledger Along with Seven More Firms

  The cryptocurrency market remains range bound with Bitcoin (BTC) hovering around $9,000. In the past 24 hours, Bitcoin has gained 0.8% to trade at $8,889.43. Ether (ETH) has gained 0.1% to trade at $226.64. Likewise, XRP has gained 0.2%

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Kohl’s Beats on Q4 Earnings, Issues Weak FY 2020 View

  Department store operator Kohl’s Corp (KSS: NYSE) shares lost 2.63% or $1.01 to close at $37.43 even after the company surpassed analysts forecast for the fourth quarter of fiscal 2019. The company claimed that its partnership with e-commerce giant

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China Manufacturing Activity Dips to Lowest in 16yrs

  The US dollar declined against the Chinese yuan yesterday despite reports of the Chinese manufacturing sector’s contraction at a record pace last month. According to IHS Markit, the Chinese manufacturing sector was hit by the unexpected outbreak of coronavirus

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Kaspersky Introduces Blockchain-Based Voting Machine

  The cryptocurrency market is seeing some buying, with Bitcoin (BTC) gaining 2.8% in the past 24 hours to trade at $8,871.18. The uptrend seems to be aided by short-covering by speculators. Nevertheless, crypto enthusiasts will only become optimistic if

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