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Novartis turns bearish on poor Q1-2017 estimates
The failure of serelaxin, a medicine intended to treat acute heart failure, in the phase 3 trial resulted in a near 3% decline of the stock of Novartis Ag (NYSE: NVS) to $74.17 last week. Since then, the stock is
Read MoreForeign Investors’ Confidence Help India’s Current Account Deficit
Increasing foreign investment into India is expected to play a key role in bridging India’s current account deficit (CAD) this year according to market analysts. In a recent report, global banking major Deutsche Bank AG has stated that foreign direct
Read MoreQ4 economic contraction, budget deficit keeps Rand weak
Disappointment over less hawkish tone of the US Fed kept the Greenback in a downtrend against its rivals for the past two weeks. One of the currencies which gained in a notable manner is the South African Rand. From a
Read MoreUK To Take Action To Clampdown Money Laundering
UK’s Economic Secretary Simon Kirby has reiterated the government’s commitment to crack down on money laundering practices in the aftermath of a report that revealed that UK's biggest banks have been involved in a Russian scheme to launder money. According to
Read MoreMorgan Stanley downgrades Boeing on slowdown of orders
On the basis of a decline in military sales and asset base, on March 6th , we had recommended buying a put position in the stock of aircraft manufacturer Boeing Co (NYSE: BA). At that time, the stock was trading
Read MoreCrude price below $50 turns Exxon bearish
The market fancied a huge rally in the price of crude oil in December 2016, following the production cut agreement reached between the OPEC and other oil producing countries, including Russia. Even fundamentally poor performance in the fiscal 2016 fourth-quarter
Read MorePound turns bullish on BoE’s less dovish stance
When a currency is driven by political sentiment than fundamental data, then it becomes quite easy to spot the trend. The possibility of a demand for second referendum by Nicola Ferguson Sturgeon, leader of the Scottish National Party, and EU’s
Read MoreFinancial Fraud Cost the UK £2 Million Each Day In 2016
Financial Fraud Action UK (FFA UK) an industry body for United Kingdom’s (UK) payments industry has released a report that shows that financial fraud in the country resulted in over £2 million being lost daily in 2016. The total amount
Read MoreChina To Open Its Financial Markets For Better Capital Flows
China is now ready to open up its financial markets for free flow of capital and investments according to central bank Deputy Governor Pan Gongsheng. Speaking to media outlets, Pan said that China would continue with its agenda of easing access
Read MoreVolkswagen pleads guilty in US Court on emission scandal
In the last week of February, German automaker Volkswagen AG (OTC: VLKAF) reported a swing to profit in the fiscal 2016, compared to a net loss in the prior fiscal year. It can be remembered that the owner of Porsche
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