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Alibaba 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
Read MoreXerox remains bearish on subdued second-quarter outlook
Following the announcement of mixed fiscal 2016 first-quarter results, the shares of Xerox Corp. (XRX) declined 13.6% on Monday. The sell-off was spontaneous not only because of unimpressive results, but also due to a weaker than expected second quarter outlook.
Read MoreYen turns bearish on further monetary easing expectations
Last week, the USDJPY saw heightened speculative activity, following the news of probable monetary policy easing by the Bank of Japan. The USDJPY currency pair hit a three week high of 111.753. While the US dollar strengthened about 400 pips
Read MoreUS Authorities Look To Use Panama Papers For Their Investigations
The United States’ SEC and the UK’s FCA along with financial watchdogs from across the world are expected to use information from the leaked documents of the Panamanian law firm Mossack Fonseca, popularly dubbed as the Panama Papers to cross
Read MoreCiti remains bullish on passing the “Living Will” test
Last week, Citigroup Inc. (C), the fourth largest bank by assets in the USA, reported a 27% decline in the fiscal 2016 first-quarter net income. However, the share price closed almost flat at $44.92 on Friday. What is the reason
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