Archive
Paradise Papers Reveal Hidden Wealth Of The Global Elite
After the controversial Panama Papers last year, which exposed over 11.5 million leaked documents detailing information of more than 214,488 offshore entities of numerous global elites, the same publishers have released another database to bare more off-shore tax havens. The
Read MoreVisa tops Q4 Street estimates, Guides for FY18
Credit card provider, Visa Inc. (NYSE: V) reported better than anticipated fiscal 2017 fourth-quarter earnings on October 25. On the basis of an improved global economic outlook, the company also issued an impressive revenue growth outlook. Thus, following the results,
Read MorePound signals uptrend on rate hike by BoE
Since October 15, the GBP/NZD pair has gained about 1000 pips to reach a high of 1.9330. A rise in inflation above the Bank of England’s target level of 2% has sparked expectations of a rate hike, thereby strengthening the
Read MoreBanks In Australia To Offer Better Loan And Mortgage Deals
As part of the Australian Government’s final report of the independent review of Small Amount Credit Contracts (SACCs), the treasury is passing a new regulation that will pressure banks to give better credit card and mortgage plans to people who
Read MoreCoke tops Q3 view, guides FY17 revenue growth outlook of 3%
Aided by a decrease in expenses and an increase in volume of Coca-Cola Zero sugar in the US, last Thursday, carbonated soft drink producer Coca-Cola Company (NYSE: KO) reported its fiscal 2017 third-quarter results that beat analysts’ estimates. However, the
Read MoreGreenback remains strong on Q3 GDP growth of 3.1%
On the basis of strong retail sales and inflation data, we had forecast the US dollar to strengthen against the Yen in our October 16 report. Further, we had also mentioned our plan to open a long position in the
Read MoreEuro turns weak on dovish ECB tapering
The EUR/NZD pair has appreciated by about 500 pips in the past week to trade at about 1.7040 levels. A decline in the average price of dairy products weakened the Kiwi dollar, while an upbeat trade balance and current account
Read MoreGE misses Q3 EPS estimate on huge impairment charges
The stock of the world’s largest producer of jet engines, General Electric Company (NYSE: GE), plunged to a new 12-month low of $22.10, after reporting a y-o-y decline in the fiscal 2017 third-quarter earnings that missed analysts’ estimates by a
Read MoreEuro remains bullish on strong current account surplus
In our October 6 report, we had forecast a decline in the EUR/JPY pair and expressed our interest to go short near 132.60 levels. We had also mentioned our desire to invest in a put option to gain from the
Read MorePound turns bullish on anticipation of rate hike by BoE
The deadlock in Brexit talks and a steep decline in the index of Industrial Order Expectations turned the Pound weak against the Greenback in mid-September. The proposed tax reform plan in the US also aided the decline of the GBP/USD
Read More