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Tesla confirms brisk orders for solar tiles

In the first week of May, electric car manufacturer Tesla Inc. (NASDAQ: TSLA) reported fiscal 2017 first-quarter revenues that more than doubled compared to last year’s similar quarter. The revenues also surpassed the Wall Street’s Consensus estimates. However, the company

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Deloitte Says India Has Second Most Complicated Tax System After China

The Indian tax system has been rated as the most complicated in Asia-Pacific region in a survey conducted by consultancy firm Deloitte. The Asia Pacific Tax Complexity Survey carried out by Deloitte ranked China in first place and India in

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Poor construction data turns Aussie weak

Last week, Statistics Canada announced a lower than anticipated inflation in April and a decline in retail sales in March. The poor m-o-m figures kept the Canadian dollar weak in spite of an oil rally. The Aussie, on the contrary,

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Euro Trading To Cost Investors Extra €100bn If Moved From London

Xavier Rolet, CEO of London Stock Exchange has warned that moving out the euro clearing business from London post Brexit could result in investors having to bear extra costs of nearly €100 billion over the next five years. Writing for

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Cisco turns weak on poor Q4 2017 outlook

Last Wednesday, the San Jose, California-based Cisco Systems Inc. (NASDAQ: CSCO) reported higher than expected fiscal 2017 third-quarter revenue and earnings. However, the company presented gloomy Q4 revenue and earnings estimate. That pushed the stock down by about 5% to

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China-Hong Kong Open Bond Market To Overseas Investors

Hong Kong and Chinese regulators recently gave their approval for overseas investors to invest into China's massive bond market which is valued at $9 trillion. This long anticipated move will provide investors further access to China’s economy, which is a

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Yen to rise on BoJ’s upgraded economic outlook

The victory of Emmanuel Macron in the French election and Euro zone’s GDP growth of 0.5% in the first-quarter ensured a sharp Euro dollar rally in the past few days. On the other hand, the demand for the Yen decreased

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Weak Macao operations keep Las Vegas Sands bearish

Last week, casino operator Las Vegas Sands (NYSE: LVS) reported an increase in fiscal 2017 first-quarter revenues and earnings, compared to the same period of 2016. However, the stock declined as the revenue missed analysts’ estimates. A look at the

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BoE Warns Of Increasing Squeeze On Consumers Spending In 2017

Bank of England (BoE) governor Mark Carney has issued a warning that UK’s consumer spending may drop this year as a result of rising inflation and a decline in real wages. Presenting an assessment of the UK economy ahead of

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Kiwi dollar weakens on RBNZ’s dovish stance

Until Wednesday, the EUR/NZD pair was in a downtrend, despite the win of Emmanuel Macron in the French elections. Even the strong Sentix investor confidence reading and better than anticipated German factory orders data was unable to push the Euro

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