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BlackBerry turns bearish on missing Q1 2018 rev. estimates

Enterprise software company BlackBerry Limited (NASDAQ: BBRY) reported a swing to profit in the fiscal 2018 first-quarter, compared to a net loss in the similar period last year. The first-quarter results also beats analysts’ estimates. However, the stock sank more

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Less dependence on upstream revenue turns Exxon bullish

Despite a weak outlook for crude oil, the stock of the world’s largest publicly traded company Exxon Mobil Corp (NYSE: XOM) has appreciated by about 5% to $82 in the past few trading sessions. One of the main reasons for

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Fed’s dovish outlook keeps Greenback weak

The Mexican Peso has been on a tear for the past six months, against the US dollar. With an appreciation of about 20%, the Peso has been the best performing currency so far in 2017. The Bank of Mexico’s aggressive

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IBM signals downtrend as Goldman Sachs cautions investors

On April 24 th , we had announced our intention to take a short position in the stock of software giant International Business Machines (NYSE: IBM), by purchasing a put option. The stock was trading at about $160 at that

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S&P Slashes Sovereign Rating For Qatar

Qatar’s financial system is likely to experience significant volatility as a result of the recent political developments according to financial analysts. S&P Global Ratings slashed its rating for Qatar from ‘AA’ to ‘AA-’ and placed the country on the CreditWatch

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BNP Paribas beats Q1 2017 estimates, CET1 ratio up to 11.6%

In the last week of May, BNP Paribas (OTC: BNPQY) agreed to pay $350 million as penalty to New York Department of Financial Services, a financial watchdog, in a case related to manipulation of currency rates in the Forex market.

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Sovereign Investors To Focus On Safe Haven Markets

Sovereign investors are moving away from the United Kingdom (UK) as an investment destination post Brexit, preferring to invest in countries like Germany and India, indicating their desire to be present in safe haven markets. This was revealed in the

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Poor NFP, trade balance data turns the Greenback weak

In mid-May, the Brazilian Rial plunged against the Greenback when a local newspaper reported that President Michel Temer asked Joesley Batista, chairman of the meatpacking giant JBS SA, to continue paying former legislator Eduardo Cunha, who is currently serving a

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Arun Jaitley Rejects Demonetization As Reason For GDP Decline

India’s Finance Minister Arun Jaitley has dismissed criticism that demonetization has negatively impacted India’s gross domestic product (GDP) and that the government were responsible for just promoting jobless growth in the last 3 years. Speaking at a press conference held

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Euro signals downtrend on weak German CPI data

The victory of Emmanuel Macron in the French election and rising inflationary pressure coupled with positive industrial data from Europe enabled the Euro to rise against the Aussie during April and May. The Aussie was also pulled down by the

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