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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
Read MoreGoogle’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
Read More3M 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
Read MoreBritain’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
Read MoreSingapore 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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