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UK Treasury Committee Urges New Banking Regulatory Body
UK’s House of Commons Treasury Committee is asking UK Chancellor Philip Hammond to consider setting up a separate new body that will oversee banking operations in the country. Citing the findings from the investigation into the Halifax Bank of Scotland
Read MoreEU Bank’s Stress Tests To Reveal Threat From Italian Banks
The results of the stress tests conducted by the European Banking Authority on 51 banks across Europe are scheduled to be released later this week. Experts fear that Italian banks might perform poorly on the tests, which could end up
Read MoreAbaxis Q1 revenue up 8.7% on y-o- y basis.
The shares of point-of- care blood analyzer provider Abaxis Inc (ABAX) was hammered by investors last week, following a report of its fiscal 2017 first-quarter earnings that missed the Zacks Consensus estimate. However, the Q1 2017 revenue grew 8.7% on
Read MoreLoonie remains bullish on strong core retail sales data
On July 7th, we had recommended taking a long position (or one touch call option), with a target of 82, in the CAD/JPY pair near 77 levels. In a matter of about two weeks, the pair achieved the target as
Read MoreBritish MPs Urge Government to Address FinTech Brexit Concerns
Some members of Parliament in United Kingdom (UK) have issued a warning that unless the UK government acts quickly in the aftermath of the Brexit to protect the interests of the Fintech industry, it could leave the industry open to
Read MoreGlobal Stock Markets Slow Down As Monetary Policy Shifts
Global stock markets have witnessed a decline amid mixed results from key indicators and earnings reports as well as an expected recalibration of a global monetary policy. The U.S has reported better-than-expected results for numerous measures such as job growth
Read MoreWinmark signals uptrend as Q2 revenue tops estimates
Winmark Corp. (WINA), the used merchandise trading company, reported an increase in the fiscal 2016 second-quarter earnings and revenue, compared to the similar period of 2015. The company also surpassed the revenue estimate of Wall Street analysts. The stock price,
Read MorePound to decline further as BoE prepares for rate cut
It is almost certain that the BoE (Bank of England) will cut the interest rates in August. The hard data from that region indicates that the economy is sagging and proactive measures are needed to bring back the consumer confidence.
Read MoreBoE Was Cautioned By The FCA Over Property Fund Risks
UK’s central bank, the Bank of England (BOE) has defended its actions in the lead up to the EU referendum vote last month against claims that it had not acted impartially on the matter by not offering balanced analyses of
Read MoreWalgreens Q3 EPS tops estimates, raises FY16 EPS outlook
Buoyed by a 4% increase to 235 million medical prescriptions, US’ second largest pharmacy retail chain Walgreens Boots Alliance, Inc. (WBA) saw its fiscal 2016 third-quarter earnings beat the Wall Street estimates comfortably. However, the Q3 revenue missed the analysts’
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