Posts From Janine

Janine

Janine

Janine is our editor for related stock market news. Andrew and Janine will be focusing on providing the latest trends and where the next hit could be

IMF Chief Economist Advises Regulatory Diligence on Libra

  The cryptocurrency market remains mostly in the green with altcoins making great advances. Notably, Bitcoin (BTC) has fallen below the psychological level of $10,000. The king of cryptocurrencies touched a low of $9,190 yesterday before recovering to $9,776, representing

Read More

J&J Plunges On Reports Of Criminal Investigation By DoJ

  Johnson & Johnson’s stock (NYSE: JNJ) fell $5.81 or 4.15% to close Friday’s trading session at 134.30 following news reports that the US Department of Justice is conducting a criminal investigation into whether the firm was lying about the

Read More

Chinese Yuan Strengthens On Optimism Over Trade Talks

  The Chinese yuan is strengthening midweek against its major G10 rivals even though vehicle sales fell sharply in June and inflationary pressure is lower than anticipated. The reestablished trade negotiations between the top two economies of the world are

Read More

US Dollar Strengthens On Strong Jobs Data

  The US dollar surged against the Canadian dollar on Friday after the Bureau of Labor statistics reported better than anticipated job additions in July. The robust jobs data watered down the hopes of Fed rate cut in the forthcoming

Read More

Poor German Retail Sales Data Weakens Euro Dollar

  The euro moved in a zig-zag fashion against the greenback yesterday in the session as the eurozone data did not meet analysts’ expectation. There were also rumors of postponement of a rate cut by the European Central Bank. Resumption

Read More

Kirkbi, Blackstone Acquires Madame Tussauds Owner Merlin

   Merlin Entertainments plc (OTC: MERLY) announced on Friday that it has given its consent to be acquired by a consortium made up of Lego owner Kirkbi, alternative asset management and private equity firm Blackstone Group LP, and Canada

Read More

Yen weakens As BoJ Signals Readiness To Cut Rates

  The Japanese yen started weakening yesterday after the Bank of Japan indicated its willingness to implement further monetary easing if the economy requires a stimulus. Notably, the yen weakened despite the release of positive economic data. From a low

Read More

Canadian Dollar Declines On Weak Retail Sales Growth

  The Canadian dollar declined sharply against its G10 rivals on Friday due to a slowdown in domestic retail sales growth in April. In particular, the loonie plunged against the euro on upbeat manufacturing and service PMI data from the

Read More

Yuan Up On Optimism Over Pending Xi-Trump Meeting

  The Chinese yuan reversed trend yesterday by rallying against multiple major currencies, aided by robust housing prices and retail sales in May. Even though the industrial output and fixed asset investment data did not meet analysts’ estimates, the figures

Read More

Ruble Turns Weak As Bank Of Russia Cuts Interest Rate

  Russia’s central bank, in accordance with its previous outlook, lowered the benchmark interest rate and suggested a further decrease in the future amid easing inflation and softer economic growth. The latest 25 basis point rate cut was the first

Read More