Archive
Xerox remains bearish on subdued second-quarter outlook
Following the announcement of mixed fiscal 2016 first-quarter results, the shares of Xerox Corp. (XRX) declined 13.6% on Monday. The sell-off was spontaneous not only because of unimpressive results, but also due to a weaker than expected second quarter outlook.
Read MoreYen turns bearish on further monetary easing expectations
Last week, the USDJPY saw heightened speculative activity, following the news of probable monetary policy easing by the Bank of Japan. The USDJPY currency pair hit a three week high of 111.753. While the US dollar strengthened about 400 pips
Read MoreUS Authorities Look To Use Panama Papers For Their Investigations
The United States’ SEC and the UK’s FCA along with financial watchdogs from across the world are expected to use information from the leaked documents of the Panamanian law firm Mossack Fonseca, popularly dubbed as the Panama Papers to cross
Read MoreCiti remains bullish on passing the “Living Will” test
Last week, Citigroup Inc. (C), the fourth largest bank by assets in the USA, reported a 27% decline in the fiscal 2016 first-quarter net income. However, the share price closed almost flat at $44.92 on Friday. What is the reason
Read MoreStrong Chinese economic data strengthens the Aussie
Last week, the Aussie went up from 81.50 to 84.77 against the Japanese Yen. Surprisingly, there was nothing extraordinary about the Australian economy. Well, the positive Chinese economic data spurred the AUDJPY currency pair. Such is the dependence of the
Read MoreEU To Pass Bill Requiring Financial Disclosures From Companies
European regulators are in the process of releasing new financial regulations which could result in multinational corporations being forced to reveal their tax avoidance measures. The move follows the stunning disclosures from the Panama Papers leak earlier this month. The
Read MoreStrong economic data keeps Loonie strong against the Peso
Both Canada and Mexico are commodity based economies. Mexico has the world’s largest reserves of silver and stands tenth in oil reserves. Likewise, Canada stands third among the countries with proven oil reserves. In spite of these similarities, the Canadian
Read MoreBasel Committee Proposes New Measures For Derivatives
The Basel Committee on Banking Supervision has made proposals to revise the method of assessing exposure of banks to derivatives. If implemented, this could help the banks reduce the amount of capital that they need to maintain to ensure that
Read MoreApple to remain range bound on revenue decline concerns
The innovative technology company Apple (AAPL) is expected to announce its fiscal 2016 second-quarter results on April 25th, 2016. The share price of Apple, which closed at $109.81 on Tuesday, had risen about 8% in the past one month. Thus,
Read MoreUK’s Current Account Deficit Reaches Record Levels
The UK’s current account deficit has reached £32.7 billion for the fourth quarter of 2015 according to latest reports from Office for National Statistics (ONS). The deficit is an increase of 4.3 percent over third quarter figures and works out
Read More