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Deutsche bank Q4 loss narrows, misses estimates
Anticipation of an improved fiscal 2016 fourth-quarter performance drove the share price of Deutsche Bank AG (NYSE: DB) to a 12-month high of $20.94 on January 25th . However, the bank failed to meet the expectations of investors by posting
Read MoreASSOCHAM Seeks Indian Government’s Assistance For Interest Rate Reduction
ASSOCHAM (Associated Chambers of Commerce of India) a key industry body has urged both the Indian government and the Reserve Bank of India to push the banking industry to ease interest rates in the aftermath of demonetization. The chamber made
Read MoreQ4 GDP growth of 0.6% y-o-y keeps Pound strong
The GBP/USD pair remains range bound between 1.2050 and 1.2680 for the past four months. Uncertainty about the Fed rate hike and Trump’s election rhetoric kept the US dollar weak in October and November. On the contrary, Fed’s rate hike
Read MoreFord swings to $800 million loss in fourth-quarter 2016
The second-largest auto manufacturer in the US, Ford Motor Company (NYSE: F), reported a net loss in the fiscal 2016 fourth-quarter earnings, compared to a net profit in the similar period last year. While the adjusted earnings surpassed analysts’ estimates,
Read MoreNo Interest Rate Changes Expected From BoE and Federal Reserve
Economists will be closely watching for cues as both the Bank of England and the U.S. Federal Reserve will have their quarterly meeting this week. The general expectation regarding interest rates is that they will adopt a wait-and- see policy
Read MorePound UP as UK economy registers 0.6% q-o-q GDP growth
The signs of improving economic condition in the Euro zone and the ECB’s decision to decrease the quantum of bond purchases to Euro 60 billion from April strengthened the Euro dollar against the politically charged Pound during the period between
Read MoreMortgage fraud to impact Deutsche bank’s Q4 by $1.2 bln
The Deutsche Bank AG (NYSE: DB) is expected to announce its fiscal 2016 fourth-quarter results around February 4th. The bank anticipates a negative impact of $1.2 billion on the pre-tax profit, following the $7.2 billion penalty paid to the Department
Read MoreChina Seeks To Dismiss Market Concerns On Falling FX Reserves
The foreign exchange regulator in China has clarified that the country has ample foreign exchange reserves for its needs and said any fluctuations in its levels were normal. A spokesperson for State Administration of Foreign Exchange (SAFE) Wang Chunying said
Read MorePound signals bullish reversal on strong inflation data
With just two months to go for the planned triggering of the Article 50 by the UK government, talks of hard-Brexit toppled the Pound against the major currencies. The downtrend was accelerated by lower than expected unemployment claims and higher
Read MoreMicron to decline on concerns over flat YoY margin
Aided by a strong rise in the sales of memory chips and higher margin realization, last week, Micron Technology Inc. (NASDAQ: MU) reported fiscal 2017 first-quarter results that beat analysts’ estimates. The positive results and the management’s optimistic note about
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