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Y-O-Y decline in operating margin halts eBay’s onward march
The shares of consumer-to- consumer and business-to- consumer e-commerce company eBay Inc. (NASDAQ: EBAY) hit a 12-month high of $32.81 last month. The market participants attribute the rise in the share price to the better than expected second-quarter results. While
Read MoreDecline in housing starts turn Canadian dollar weaker
In the beginning of September, lower than expected trade deficit enabled the Canadian dollar to rally against the New Zealand dollar, a commodity based currency. The NZD/CAD pair plunged from a high of 0.95808 to a low of 0.9434. However,
Read MoreIntel remains bullish on partnership with ARM Holdings
The shares of semiconductor chip manufacturer Intel Corporation (NASDAQ: INTC) recorded a new 12-month high of $36.60 yesterday. So far this year, the shares have appreciated by about 20%. The company reported a 51% decline in the fiscal 2016 second-quarter
Read MoreGlobal Markets Remain Volatile With Fluctuating Oil Prices
Global markets continue to remain volatile with the news of weaker-than- expected U.S. jobs data and heavy fluctuations in oil prices. The oil market pact between Saudi Arabia and Russia to stabilize the market had resulted in oil prices going
Read MoreEuro to decline on soft PPI data
The poor US economic data (lower than expected core retail sales and Producer Price Index (PPI) reading) reported at the beginning of August indirectly assisted the Euro to conquer a portion of the lost territory against the commodity based currencies
Read MoreUK’s Manufacturing Sectors Strengthens Pound
UK’s Markit/CIPS purchasing managers' index (PMI) for the month of August has shown a distinct increase, reaching a 10-month high of 53.3 from 48.3 in July. The fact that the index has now surpassed the 50 point mark indicates that
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