Posts From Sammy

Sammy

Sammy

Sammy is our forex expert, with over 20 years experience in the financial sector, she will be keeping you up to date with the ups and downs of currencies around the world

Walmart Posts Mixed Q1 Results, Despite Best Comp In 9yrs

  The retail chain, Walmart Inc. (NYSE: WMT) yesterday reported an 80% y-o-y increase in the fiscal 2019 first-quarter profit, mirroring steep rise in revenues and impressive performance of the company’s subsidiary JD.com. Excluding charges, adjusted earnings per share for

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Nordea Offers Blockchain Trade Finance Platform to SMEs

  The cryptocurrency market continues with the bull run as Bitcoin (BTC) tears past $7,800 levels. In the past week, the cryptocurrency, touted as an asset of value, has gained a whopping 38.1%. More interestingly, Bitcoin (BTC) has gained almost

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US-China Trade Tensions Weakens the Greenback

  The euro soared yesterday to new weekly highs against the greenback in the early US session mainly due to the heightened trade tensions between the US and China, disappointing trade balance, and initial jobless claims data.  Later, the EUR/USD

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Loonie Turns Volatile As US-China Trade Tensions Heighten

  On the first day of the trading week, the Canadian dollar lost ground against most of the G10 currencies in the European session, as oil prices fell on worries over global demand based on the heightening of US-China trade

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3M Acquires Medical Tech Firm Acelity For $6.7bln

  3M (NYSE: MMM) today announced that it had inked a definitive agreement (private deal) to buyout the wound therapy company Acelity Inc. and its KCI subsidiaries worldwide in a deal estimated to be $6.7 billion, including debt. Based on

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Philip Morris Estimates $20mln Savings via Blockchain Use

  The price correction, which started in the cryptocurrency market last week, continues with Bitcoin (BTC) being one of the major losers. The cryptocurrency has lost 3.4% in a week to trade at $5,193. Ethereum (ETH, the preferred smart contract

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Euro Declines On Weak German IFO Business Climate Data

  The euro declined sharply yesterday for the second successive trading session against the greenback as the German business climate declined more than anticipated. The EUR/USD currency pair’s decline was also fueled by the risk-off market sentiment sparked by declining

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Volkswagen To Use IBM Blockchain For Cobalt Tracking

  The cryptocurrency market has turned bullish after the short-term correction that took place last week. With a 2.6% gain in one week, Bitcoin (BTC) leads the way by crossing the $5,400 level at the time of writing this article.

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Canadian Dollar Fails To Gain Despite Impressive CPI Data

  The Canadian dollar had a roller coaster ride yesterday. The loonie strengthened against the greenback in the Asian and European session based on positive macroeconomic data. However, at the start of Thursday’s trading session, the Canadian dollar has lost

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Digital Asset Teams With Cloud Computing Firm VMware

  The cryptocurrency market continues to remain in a correction mode which started in the second half of last week. Bitcoin (BTC) has lost 4.1% in the past week to trade at $5.050 levels. Likewise, Ethereum (ETH) has lost 10.8%

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