Aussie 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

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AIG 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

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Yellen’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

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Walt 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

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Indian 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

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Fall 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.

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India’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

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MasterCard 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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Rise in inflation rate strengthens Canadian dollar

Lower than expected inflation rate, rise in unemployment and Trump’s plan to renegotiate the NAFTA agreement kept the Canadian dollar under pressure against the commodity currencies such as the New Zealand dollar. Since January 10th , the NZD/CAD pair has

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Investors Turning To Gold Amidst Uncertainty With Trump Policies

Investors are returning to the safe haven of gold as U.S. President Donald Trump's policies threaten stability in markets worldwide, resulting in increased volatility. Spot gold prices went up by 1.6 percent reaching $1,214.19 an ounce earlier this week while

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