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BoC’s deputy governor talks down the Canadian dollar
The UK Office for National Statistics reported a better-than-anticipated inflation rate in August. That sparked hopes of a rate hike in November. Furthermore, Mark Carney, the Bank of England’s governor, had hinted about the possibility of a rate hike soon.
Read MoreFed Report Shows Huge Gap Between Minority & White Households
The Federal Reserve commissions the Survey of Consumer Finances to be carried out once in every three years to get real time data from American households on a number of categories including home ownership, stock portfolios, car ownership assets, debt
Read MoreTesla’s SolarCity fined $30 Million by US Justice Dept.
The successful launch of the Model 3 car, aimed at the mass market, by electric vehicle manufacturer Tesla Inc (NASDAQ: TSLA) kept its stock bullish until mid-September. However, the stock has been on a decline, after recording a new 12-month
Read MoreAussie turns weak on RBA governor’s dovish stance
Strong employment data enabled the Aussie to reverse the downward trend against the Yen in the second week of September. A decline in the Japanese industrial production in July also supported the reversal. Since September 14, the AUD/JPY pair has
Read MoreKiwi dollar up on strong rise in dairy products’ price
In the past one month, the GBP/NZD pair had rallied by about 1100 pips. A sharp fall in the average price of dairy products, during the August auction, weakened the Kiwi dollar considerably against the British Pound. Likewise, a strong
Read MoreUK Govt Launches Investigation Into Pension Freedoms Scheme
The UK Government introduced the Pensions Schemes Act in 2015 to give its citizens the freedom and choice in using their retirement funds. When the act was passed, a number of parties voiced their concern as there were quite a
Read MoreUnilever plans simplification of capital structure
The FMCG giant Unilever (NYSE: UN) reported higher-than-expected fiscal 2017 half-yearly results in late July. While the fiscal 2017 half-yearly underlying sales grew 3% on y-o-y basis, the turnover increased 5.5%, compared with the first-half of 2016. The market rewarded
Read MoreFCA Refuses To Publish Report On RBS Controversial Restructuring
The Royal Bank of Scotland (RBS) has received a lot of negative publicity in the last couple of years as financial watchdogs in the United Kingdom and the United States have highlighted a number of malpractices concerning rigged forex rates
Read MoreStrong inflation, rate hike expectations boosts Pound
The exceptional manufacturing PMI reading of 56.9, reported earlier this month by the UK Office for National Statistics, propelled the Pound against the Greenback and other G10 currencies. The US dollar was also turned weaker by the nuclear test conducted
Read MoreOvervalued Caterpillar signals downtrend
The stock of earth moving equipment manufacturer Caterpillar Inc (NYSE: CAT) recorded a new 12-month high of $119.80 in the last week of August. Of late, the company has been performing very well. Caterpillar reported robust non-GAAP earnings of $1.49
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