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Strong Chinese economic data strengthens the Aussie
Last week, the Aussie went up from 81.50 to 84.77 against the Japanese Yen. Surprisingly, there was nothing extraordinary about the Australian economy. Well, the positive Chinese economic data spurred the AUDJPY currency pair. Such is the dependence of the
Read MoreEU To Pass Bill Requiring Financial Disclosures From Companies
European regulators are in the process of releasing new financial regulations which could result in multinational corporations being forced to reveal their tax avoidance measures. The move follows the stunning disclosures from the Panama Papers leak earlier this month. The
Read MoreStrong economic data keeps Loonie strong against the Peso
Both Canada and Mexico are commodity based economies. Mexico has the world’s largest reserves of silver and stands tenth in oil reserves. Likewise, Canada stands third among the countries with proven oil reserves. In spite of these similarities, the Canadian
Read MoreBasel Committee Proposes New Measures For Derivatives
The Basel Committee on Banking Supervision has made proposals to revise the method of assessing exposure of banks to derivatives. If implemented, this could help the banks reduce the amount of capital that they need to maintain to ensure that
Read MoreApple to remain range bound on revenue decline concerns
The innovative technology company Apple (AAPL) is expected to announce its fiscal 2016 second-quarter results on April 25th, 2016. The share price of Apple, which closed at $109.81 on Tuesday, had risen about 8% in the past one month. Thus,
Read MoreUK’s Current Account Deficit Reaches Record Levels
The UK’s current account deficit has reached £32.7 billion for the fourth quarter of 2015 according to latest reports from Office for National Statistics (ONS). The deficit is an increase of 4.3 percent over third quarter figures and works out
Read MoreEuro to resume downtrend on trimmed GDP forecasts
The EURJPY currency pair started going up after touching a low of 122.06 on the last day of February. Eventually, the pair hit a high of 127.81 on March 30th, 2016. Due to the reasons mentioned below, both fundamentally and
Read MoreUK Financial Sector’s Business Confidence Declines Sharply
A recent survey reveals that optimism in the UK’s financial sector is at its lowest since 2011. The dip in confidence reflects concerns on the slowdown in the global economy and the uncertainty arising from the upcoming referendum on Britain
Read MoreHSBC to decline further on energy loan portfolio losses
On Friday, the shares of HSBC holdings plc (HSBC) closed at $31.20, which is near the 52-week low of $30.13. Most analysts believe that the stock has little chance of recovery in the coming weeks because of a variety of
Read MoreRBS Pays Final £1.2 billion Dividend Fee to the British Treasury
The Royal Bank of Scotland has made its final payment to Britain’s finance ministry in order to end an arrangement with the British government under which it had to pay dividends to the government before other shareholders. This arrangement referred
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