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US Supreme Court Permits Cities To Sue Banks Over Foreclosure
A US Supreme Court ruling has opened the door for cities to sue banks for discriminatory lending practices that laid the foundation for the collapse of the housing market, triggering the foreclosure crisis in the country. The decision will empower
Read MoreF5 Networks miss Q2 2017 estimates, issues poor Q3 2017 outlook
The stock of F5 Networks Inc. (Nasdaq: FFIV), an internet traffic and content management solutions provider, plunged about 7% last week to close at $129.13. Analysts attribute lower than expected fiscal 2017 second quarter results for the decline in the
Read MoreGreenback turns weak on rise in jobless claims
The US dollar rallied against the Mexican Peso last week, mainly on expectations of announcement of sweeping changes that could be brought about in the US tax system. The steep decline in the price of crude oil also favored the
Read MoreCitigroup up on Q1-2017 earnings beat, attractive valuations
The stock of Citigroup Inc (NYSE: C), which closed at $59.. yesterday, has so far gained nearly 3% this week. The main reason for the appreciation in the share price is the 17% y-o-y increase in the fiscal 2017 first-quarter
Read MoreRussian Finance Minister Warns Of Risks Posed By Forex Brokers
Russia’s Deputy Finance Minister Alexey Moiseev has highlighted that investors in the country were still exposed to huge risks from the operations being conducted by foreign exchange brokers. The minister stated that the risks posed by these forex brokers were
Read MoreEurosceptic candidates gain lead in French polls
As crude oil nudged downwards to $50 per barrel, the Canadian dollar began to falter last week. The dairy trade dispute between the US and Canada also weakened the Canadian dollar. On the other hand, a 0.8% m-o-m rise in
Read MorePound to decline as UK embraces snap election
Considering the rising inflation scenario and the hawkish sounding statement from the Bank of England, on March 20th , we had recommended going long in the Pound near 1.2340. Simultaneously, we had suggested investing in a call option offered by
Read MoreIron ore rout weakens Rio Tinto
The stock of Rio Tinto Plc lost about 5%, or $1 billion of its market capitalization, last week to close at $38.94. No trophies for guessing the reason! The price of iron ore fell below $70 per ton. This gave
Read MoreBoE Gov Expresses Support For Blockchain-based Settlement Processes
The governor of UK’s central bank has stated that blockchain technology could play a major role in improving the efficiency of the financial sector and could bring about a major transformation in the process. Blockchain also known as distributed ledger
Read MoreGreenpeace accuses Coca-Cola of adding to pollution
Higher than anticipated revenue and earnings in Q4-2016 pushed the stock price of Coca-Cola Company (NYSE: KO) to a high of $42.84 last week. The uptrend was also aided by an organic revenue growth outlook of between 3% and 4%
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