Posts From Richard W

Richard W

Richard W

Richard is the guy who know everything there is about the financial industry, working in a top firm for over 15 years, he will give the lowdown on some of the biggest companies in the world

Aussie Declines As Unemployment Rate Rises To 5.2%

  The Australian dollar came under selling pressure yesterday after the wage inflation missed economists’ estimates. Furthermore, the consumer sentiment index recorded soft growth, while the business conditions index declined. The US-China trade-related reports did not do the currency any

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US Dollar Weakens As China Announces Retaliatory Tariffs

  The US dollar declined against its major rivals on Friday after President Donald Trump increased tariffs on about $200 billion worth of Chinese goods to 25% from 10%. Yesterday, the downward trend continued on hopes of a Fed rate

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Yuan Weakens On Trade Tensions With US

  The Chinese yuan remains weak against most of the G10 currencies including the greenback as world markets are still tumbling from the upcoming US duty increases on billions worth goods from China. Beijing has vowed retaliation, despite allegedly nearing

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Qtum Unveils Tools For Dapp Development On Google Cloud

  After remaining slightly bearish for almost ten days, the cryptocurrency market has begun another round of rally. Bitcoin (BTC) leads the fray to trade at $5,850 levels, representing a gain of 12.8% in the past one week and 4.4%

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Greenback Up As Fed Remains Optimistic On Inflation

  The US dollar declined yesterday during the early American session as President Donald Trump once again asked the US Fed to slash interest rates in order to boost the economic growth. As speculators and investors were uncomfortable with the

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Deutsche Bank Posts Mixed 1Q Results, Lowers FY19 View

  Deutsche Bank Aktiengesellschaft (NYSE: DB) reported a decline in pre-tax profit in the first quarter of fiscal 2019. Net profit, however, was higher compared to last year, mainly due to lower tax expenses. The German banking major, which called

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HMS Tech Partners With Blockchain Startup Solve.Care

  After the rebound seen earlier this week, the cryptocurrency market has once again gone into a correction mode. Bitcoin (BTC), which is trading at $5,430, is leading the fall with 2.1% erosion in price in the past 24 hours.

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BP Approves $6bln To Build Azeri Oil Exploration Platform

  On Friday last week, BP p.l.c. (NYSE: BP) and its associates approved the $6 billion Azeri Central East (ACE) venture, which involves expansion of the massive Azeri-Chirag-Deepwater Gunashli (ACG) oilfield site in the Azerbaijan area of the Caspian Sea.

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Accenture Launches Blockchain Tool for Employee Benefits

  The cryptocurrency market is trying to consolidate after the healthy correction that happened over the past week. Bitcoin (BTC), which fell to $5,050 levels, has bounced back to $5,250+ levels in the past 24 hours. Notably, for the fourth

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JP Morgan Stuns Market With Solid 1Q19 Earnings Beat

  The US earnings season has begun and the much awaited 1Q19 earnings report of the biggest US bank by assets, JPMorgan Chase & Co. (NYSE: JPM), has been released.  The major lender reported a record 1Q19 profit and revenue

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