News
Unilever 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
Read MoreAussie down on weak retail sales, iron ore sell-off
On the basis of a strong rise in Japan’s trade surplus in July, we had forecast the Yen to strengthen against the Aussie, a commodity currency, in our August 21st report. We had also indicated our willingness to open a
Read MorePfizer beats Q2 2017 EPS estimates, narrows FY17 EPS view
The stock of pharmaceutical giant Pfizer Inc (NYSE: PFE) fell early August, after reporting a lower-than- anticipated fiscal 2017 second-quarter revenues. However, Pfizer had reported an increase in Q2 2017 earnings compared with last year’s second-quarter. Furthermore, the company’s non-GAAP
Read MoreRate hike expectations propel Canadian dollar
The Canadian dollar was on a tear against the G10 currencies for the most part of July. However, the Loonie declined against some of its rivals in August as geopolitical tensions between North Korea and the US forced investors to
Read MoreLoonie signals downtrend on weak crude, decline in IPPI
Since the beginning of July, the NZD/CAD pair had been on a steady decline. The decline in the average price of dairy products in the July auctions and downwardly revised growth outlook was mainly responsible for the Kiwi dollar to
Read MoreGoPro reports narrowed Q2 2017 loss, issues upbeat Q3 2017 view
Action camera manufacturer GoPro Inc (NASDAQ: GPRO) reported fiscal 2017 second-quarter GAAP and non-GAAP net loss that narrowed from last year. The quarterly results were better than analysts’ expectations. GoPro also reported an increase in the Q2 2017 revenues, compared
Read MoreEuro remains bullish on expectations of ECB tapering
Weak inflationary pressure in the US continues to keep the Greenback subdued against its rivals for the past five months. In particular, the US dollar’s poor performance against the Euro is noteworthy. Even those analysts who had predicted a rally
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