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Petrobras remains bearish on high levels of debt

On March 22nd, 2016, the shares of Petrobras (PBR) touched a high of $5.77 in the NYSE. The share price was more than twice the $2.71 per share traded in January 20th, 2016. The recovery in the price of crude

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Google’s Android Pay Expected To Enter The UK Soon

Google has confirmed that it is rolling out its digital wallet service Android Pay to the United Kingdom (UK) very soon but did not confirm on a possible date. This new service allows users to use their mobile phones to

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3M stock to decline on litigation concerns

In the past two months, the share price of Post-it products manufacturer 3M (MMM) had risen 20% to touch a high of $165.33. The main reason for the uptrend was the fourth-quarter revenue and earnings that beat analysts’ estimates. While

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Britain’s Fraud Investigating Body Shuts Down Libor Rigging Probe

Britain’s Serious Fraud Office (SFO) has announced that it is ending its investigations into allegations of massive collusion to fix the benchmark interest rate or the London Inter-bank Offer Rate (Libor). It suspended the investigation citing the low probability of

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Singapore Dollar Remains Bearish On Deflationary Pressure

Singapore has the third highest GDP per capita in the world and is arguably the most developed country in Asia. The country is a leading beneficiary of foreign direct investment and heavily dependent on the export of refined oil and

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