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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
Read MoreDeloitte 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
Read MorePoor 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,
Read MoreEuro 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
Read MoreCisco 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
Read MoreChina-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
Read MoreYen 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
Read MoreWeak 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
Read MoreBoE 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
Read MoreKiwi 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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