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AXA FY16 revenue crosses €100bn, raises dividend
Last Thursday, France’s biggest insurer AXA SA (OTC: AXAHF) reported its fiscal 2016 earnings that missed analysts’ estimates by a narrow margin. However, it was more than enough for the market to punish the stock. For the reasons provided below,
Read MoreBuffett Advises Investors To Be Cautious With Wall Street Traders
Legendary investor Warren Buffett has said that investors lose by trusting their money to Wall Street investment managers in his yearly letter and once again reiterated his long held beliefs that paying investment fees to traders was not something he
Read MoreEuro strengthens on improvement in business sentiment
The Euro dollar became jittery at the end of the first week of February when the ECB President Mario Draghi underplayed the recent rise in the headline inflation in the European Union and justified the need for the further quantitative
Read MoreRenault beats FY16 estimates, issues upbeat FY17 outlook
On February 10th , French automaker Renault S A (OTC: RNLSY) reported fiscal 2016 operating profit and revenue that jumped past analysts’ estimates. The company also boasted record volumes for the full year 2016. The market rewarded the overwhelmingly positive
Read MoreForeign Investors Can No Longer Use P-Notes To Invest In India
Financial institutions like HSBC and UBS have ceased issuing Participatory Notes (P-Notes) which have long been controversial. he country’s securities regulator Sebi has found that several foreign fund houses are issuing P-notes to investors who are Indian nationals, NRIs and
Read MoreEU Watchdog Warns Exploitation Of Loopholes In New Legislation
European Securities and Market Authority (ESMA), a key regulatory body has written a letter to the European Commission urging policymakers to take steps to close a major loophole in the new market regulations as it could result in reduced transparency
Read MoreStarbucks beats Q1-2017 EPS view, reaffirms FY17 EPS outlook
Lower-than-anticipated same-store sales triggered a selloff in the stock of coffeehouse chain Starbucks Corp. (NASDAQ: SBUX) in the last week of January. After hitting a low of $53.82 on February 2nd, the stock has recovered about 5% to close at
Read MorePeso weakens as Trump reaffirms Mexican wall plan
During the past five months, one of the currencies which had a roller coaster ride is the Mexican Peso. Between November and January, the USD/MXN pair gained strength on account of Trump’s unexpected victory in the US Presidential race. Once
Read MoreEU Leader Warns Euro Trading Will Move Out Of London Post Brexit
A senior European Union (EU) official has said that Brexit would result in the City of London losing out on its role as a major clearing center for euro-based trading. Valdis Dombrovskis, a vice president at European Commission and is
Read MoreRBNZ holds rate steady at 1.75%, cuts FY18 inflation view
Considering the possibility of a rise in political uncertainty in the Europe, we had recommended going short in the EUR/NZD pair, at 1.4900 levels, on January 16th. To binary option traders, we had also suggested investing in a put option
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