Archive
Rising UK House Prices Forcing Young Adults To Live With Parents
The latest research reveals that the number of young adults living at home in the United Kingdom is likely to go up from 2.8 million to 3.8 million during the next ten years, signaling a critical shift in the structure
Read MoreUS dollar strengthens on Yellen’s rate hike hint
A decline in the exports coupled with a wildfire in the oil sands region (Alberta) weakened the Canadian dollar against the US dollar considerably. The USDCAD currency pair, which was trading at 1.2460 in the first week of May, rose
Read MoreFinTech Industry Now Higher On U.S. Government Radar
The rapid growth of the FinTech industry in the past few years has largely escaped extensive regulation. However U.S. administration and regulatory agencies are looking to increase their scrutiny of the industry, with a number of officials now being dedicated
Read MoreEuro to weaken on decline in business sentiment
The US dollar is once again gaining strength against most of the major currencies, as the market speculates on a Fed rate hike in June. Naturally, the Euro, which moves in the opposite direction to the US dollar, is the
Read MoreFDI Into Scotland Soars To Its Highest Ever Level In 2015
Scotland saw an increase of 51 percent in the number of foreign direct investment (FDI) projects secured by it in 2015 according to latest results from the Ernst & Young Scotland Attractiveness Survey. A total of 119 projects were secured
Read MoreBloomberg Voices Concerns Over Possible Damage From Brexit
Former New York mayor and billionaire Michael Bloomberg has warned that Britain’s economy would be harmed should the UK exit the European Union (EU). The billionaire made it clear that he was not preaching to the British voters but since
Read MoreHargreaves Lansdown Results Show Brexit Fears
The UK financial services group Hargreaves Lansdown has warned that investor confidence in the U.K has declined as a result of the uncertainty over the Brexit. The referendum in Britain is scheduled to be held in June this year and
Read MoreMexican Peso to strengthen on strong GDP growth forecast
Beginning the last week of April, we were repeatedly (pls., go through our reports on GBPCAD and GBPDKK pairs) saying that Pound would spike at any time considering the high Brexit risk premium and oversold scenario. We had given a
Read MoreCypress beat Q1 earnings estimates, turns bullish
Silicon chip manufacturer Cypress Semiconductor Corporation (CY) announced fiscal 2016 first-quarter earnings of $0.07 per share, which beat analysts’ estimates by a cent. Following the company’s merger with Spansion, Inc. last year, the y-o- y revenue has more than doubled.
Read MoreYen Drops As Japan Continues to Keep Its Options Open
The yen weakened ahead of the scheduled Group of Seven (G7) meeting that Japan is hosting even as the country reiterated its willingness to intervene to manage the yen’s steady strengthening over the past few months. Vice finance minister for
Read More