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Pound to gain from limited unwinding of Brexit premium
The Pound lost almost 17% against the Danish Krone in the past six months. Well, it does not need a high level of economic intelligence to guess the reason for the decline. Brexit, which has now become a lingua Franca
Read MoreUK’s FCA Defends Its Expensive Insider Trading Probe
The Financial Conduct Authority (FCA), the security regulator in the U.K has defended its expensive long-running probe into insider trading investigations on the basis of its conviction record. Two senior finance professionals were convicted earlier this week of insider trading
Read MoreAlibaba signals uptrend on strong mobile revenue growth
The Chinese e-commerce company Alibaba Group Holding Limited (BABA) reported its fiscal 2016 fourth-quarter earnings, which were below the analysts’ estimates. However, as discussed below, the strong revenue growth, and in particular the impressive increase in the mobile GMV (Gross
Read MoreResearch Shows UK Businesses Not Taking Cyber Security Seriously
A recent research study has been complied based on a survey of UK businesses and their exposure to cyber attacks. The survey has found that over two thirds of Britain’s businesses have been targeted in cyber attacks during the past
Read MoreWidened trade deficit weakens Loonie against the Pound
The Pound weakened against all the major currencies, including the Canadian dollar, in the past three months mainly because of the Brexit issue. A series of positive economic data and the recovery in the price of crude oil also favored
Read MoreIndia Set to Adopt New Bankruptcy Code to Clear Up Bad Debts
India is on the verge of approving a new bankruptcy code that will aim to ease the process of winding up failed businesses in the country. This measure would be a major step forward in assisting India to transition into
Read MoreExxon remains bearish on losses from upstream operations
Despite going past the earnings and revenue estimate of analysts, the shares of ExxonMobil (XOM), the fourth largest company in the world by market capitalization, are not expected to turn buoyant in the short-term due to unresolved issues in the
Read MoreEuro signals decline as support for Brexit intensifies
The reluctance on the part of Fed to raise interest rates and the Brexit issue supported the rise of the EURGBP currency pair for the past five months. From a low of 0.70060, the EURGBP currency pair appreciated to hit
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