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United Technologies turns bearish on supply chain issues
The shares of aircraft engine manufacturer United Technologies Corporation (UTX) have fallen from a high of about $107 to a low of about $98 in the past one and half months. The 7% erosion in the value is mainly because
Read MorePound to weaken on widening fiscal deficit
The tables have turned, once again. After rising to a high of 163.87, from a low of 151.63, in a span of two months, the GBPJPY pair has started declining again. While most of the traders and analysts were expecting
Read MoreChina Warned Over Hostility Towards Foreign Companies
American government officials and European business heads have highlighted concerns that doing business in China has become increasingly difficult in recent times. The ongoing Sino-US talks are the last discussions to be led by the current U.S administration who have
Read MoreNorth Korea Declared As A Money Laundering Concern By The US
The United States has formally designated North Korea as a major money laundering operator and is in the process of taking steps to bar U.S. banks from dealing with North Korea. These fresh restrictions on North Korea are likely to
Read MoreZumiez posts Q1 loss, turns bearish on weak Q2 outlook
On Friday, Zumiez, Inc. (ZUMZ), the specialty retailer of apparel and footwear, reported a fiscal 2016 first-quarter net loss that was narrower than the estimate of analysts. Even the company’s revenue was marginally higher than the Wall Street estimates. However,
Read MoreEuro to decline on implementation of easing measures
Last month, the wildfire in the oil sands region of Canada weakened the Canadian dollar against the Euro. The EURCAD pair gained almost 500 pips in a matter of four days to touch 1.48185 on May 4th . The rise
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