Aussies weakens on decline in private capital expenditure
Lower than anticipated flash manufacturing PMI in February and less hawkish stance of the Fed turned the US dollar weak against the Aussie. The two and a half year high price of iron ore also aided the Aussie to gain
Read MoreIMF Issues Optimistic Outlook For India’s Economy 2017
The International Monetary Fund (IMF) has stated that India’s growth would drop to 6.6 percent in fiscal 2016-17 as a result of the disruption caused by the demonetization. It has however said that this setback was temporary in nature and
Read MoreAussie Down on concerns over high debt-GDP ratio of China
Political uncertainty in Europe due to the upcoming elections in France, steep rise in the price of iron ore, and positive employment change data announced by the Australian Bureau of Statistics pushed the EUR/AUD pair to a low of 1.3731
Read MoreAIG net loss widens in Q4-2016, misses EPS estimates
Hit by a multi-billion charge, the global insurance company American International Group Inc. (NYSE: AIG) posted a fiscal 2016 fourth-quarter loss that widened from the prior year’s similar quarter. The company also missed analysts’ estimates by a wide margin. The
Read MoreYellen’s optimistic view of US economy boosts Greenback
The US dollar fell broadly against all the major currencies, including the Swiss Franc, in January. The Greenback was hammered because of two main reasons: Trump’s remark about the strength of the US dollar, and lack of details on infrastructure
Read MoreWalt Disney misses Q1-2017 view, gets downgraded by Vetr
Last week, media and entertainment company Walt Disney (NYSE: DIS) reported fiscal 2017 first-quarter earnings that beat analysts’ estimates. However, the stock, which recorded a 12-month high of $111.99 on the February 1st , failed to appreciate further. At the
Read MoreIndian Banks Focus On Cyber Security Precautions
As the push for using digital channels for financial transactions gains ground in India, insurance companies are seeing an increase in demand for cyber insurance from financial institutions and banks. With banks facing increasing threat from hackers, insurers are pointing
Read MoreFall in crude prices keep the Canadian dollar weak
The Canadian dollar had a piggyback ride on the US dollar and remained strong against most of its rivals, including the Euro, Pound and Yen in January. In reality, the Loonie should have fallen against its rivals on fundamental weakness.
Read MoreIndia’s Digital Transaction Volumes Drops In January 2017
With the cash crunch caused by the demonetization exercise easing, digital payments in India were seen to decline in Jan 2017 by 10.2 percent in volume and by 7 percent in value over what was recorded in Dec 2016, according
Read MoreMasterCard beats Q4 EPS view, Vetr upgrades stock
Last week, the stock of Credit card provider MasterCard Inc. (NYSE: MA) tumbled to a low of $103.96, after reporting a lower-than-anticipated fiscal 2016 fourth-quarter revenue. The company, however, recorded a 9.5% and 9% growth in Q4 revenues and earnings,
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