Archive

PayPal To Support Cryptocurrencies in the Weeks Ahead

   The cryptocurrency market has turned bullish, with Bitcoin (BTC) breaking above the $12,000 level yesterday. At the time of writing this article, Bitcoin was trading at $12,752.85, reflecting a gain of 5.7% in the last 24 hours. Ether

Read More

Canada Core Retail Sales Rebound with 0.5% Growth in August

  The pound rose against its peers yesterday, including the Canadian dollar, in the hopes of a potential Brexit trade agreement between the UK and the EU. However, the series of economic data (CPI, PPI, public sector net borrowing) reported

Read More

ConocoPhillips to Acquire Concho in $9.7 Bln All-Stock Deal

   In another sign of consolidation in the crude oil sector, ConocoPhillips (NYSE: COP) is acquiring Concho Resources Inc (NYSE: CXO), the US shale oil producer, in an all-stock deal worth $9.7 billion. The acquisition, the largest in the

Read More

China Posts Q3 GDP Growth But Misses Forecasts

The Chinese Yuan rallied against the Canadian Dollar following the release of better-than-anticipated industrial production, retail sales and unemployment rate data. Notably, the Canadian wholesale sales data were slightly better than economist forecasts but were not convincing enough for the

Read More

Five Russian Banks to Participate in Digital Ruble Trial

  The cryptocurrency market remains range-bound with a slight bullish bias. Bitcoin (BTC) is inching towards $12,000 level. At the time of writing this article, Bitcoin was trading at $11,696.70, reflecting a gain of 1.9% in the last 24 hours.

Read More

HPE Upwardly Revises FY 2021 View Above Analysts’ Forecasts

  Hewlett Packard Enterprise Co (NYSE: HPE) upwardly revised its FY 2021 outlook, stating that the work at home scenario caused by the COVID-19 pandemic has increased the demand for its products and services. The upwardly revised FY 2021 earnings

Read More

Morgan Stanley Beats Estimates as Trading Division Excels

  The US-headquartered multinational investment bank Morgan Stanley (NYSE: MS) reported fiscal 2020 third-quarter profit that rose 26% on a y-o-y basis. Revenues grew 16% from last year as all business divisions performed well. Both earnings and revenues surpassed Wall

Read More

US Producer Price Index Rises 0.4% m-o-m in September

  The EUR/USD pair rallied yesterday despite the release of weaker than anticipated Eurozone industrial production data. In the US session, the PPI data published by the Bureau of Economic Analysis was better than forecasts made by economists. Still, the

Read More

Bank of Russia Looking at Creating a Digital Russian Ruble

  Bitcoin (BTC) continues to trade above the $11,000 level, but the range has become too narrow, and a breakout is expected soon. At the time of writing this article, Bitcoin was trading at $11,382.48, down 0.5% in the past

Read More

Twitter Hits Four-and-a-Half-Year High on Deutsche Bank Upgrade

  Investors showed increased interest in the stock of Twitter Inc (NYSE: TWTR) this week after Lloyd Walmsley, an analyst at Deutsche Bank upgraded the social media platform provider to “buy” from “hold,” citing an increase in growth rate during

Read More