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BlackBerry turns bearish on missing Q1 2018 rev. estimates
Enterprise software company BlackBerry Limited (NASDAQ: BBRY) reported a swing to profit in the fiscal 2018 first-quarter, compared to a net loss in the similar period last year. The first-quarter results also beats analysts’ estimates. However, the stock sank more
Read MoreStrong retail sales, oil recovery keeps Loonie bullish
The oil rout, primarily driven by worries about China’s economic growth and high inventories, has weakened the Canadian dollar against several currencies, but not against the Yen, which is even weaker due to the accommodative policy of the Bank of
Read MoreUK MAS Research Indicates Rise In Individual Debt
Recent research has shown that one in six adults in the United Kingdom (UK) is in danger of experiencing a debt crisis. The research covered 26,000 people across the nation and that found 15.4 percent of them regularly miss bill
Read MorePound rises as UK turns flexible in Brexit talks
Since the beginning of June, the Pound is in a clear downtrend against its G10 rivals. The prime reason for the weakness is the poor economic data (retail sales and manufacturing) coupled with a loss of majority for the Conservatives
Read MoreLess dependence on upstream revenue turns Exxon bullish
Despite a weak outlook for crude oil, the stock of the world’s largest publicly traded company Exxon Mobil Corp (NYSE: XOM) has appreciated by about 5% to $82 in the past few trading sessions. One of the main reasons for
Read MoreFed’s dovish outlook keeps Greenback weak
The Mexican Peso has been on a tear for the past six months, against the US dollar. With an appreciation of about 20%, the Peso has been the best performing currency so far in 2017. The Bank of Mexico’s aggressive
Read MoreIBM signals downtrend as Goldman Sachs cautions investors
On April 24 th , we had announced our intention to take a short position in the stock of software giant International Business Machines (NYSE: IBM), by purchasing a put option. The stock was trading at about $160 at that
Read MoreS&P Slashes Sovereign Rating For Qatar
Qatar’s financial system is likely to experience significant volatility as a result of the recent political developments according to financial analysts. S&P Global Ratings slashed its rating for Qatar from ‘AA’ to ‘AA-’ and placed the country on the CreditWatch
Read MoreBNP Paribas beats Q1 2017 estimates, CET1 ratio up to 11.6%
In the last week of May, BNP Paribas (OTC: BNPQY) agreed to pay $350 million as penalty to New York Department of Financial Services, a financial watchdog, in a case related to manipulation of currency rates in the Forex market.
Read MoreSovereign Investors To Focus On Safe Haven Markets
Sovereign investors are moving away from the United Kingdom (UK) as an investment destination post Brexit, preferring to invest in countries like Germany and India, indicating their desire to be present in safe haven markets. This was revealed in the
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