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Austrac Investigates Chinese Suspicious Funds In Aussie property
Over the past year the Australian financial watchdog, the Australian Transaction Reports and Analysis Centre (Austrac) has investigated suspicious transactions worth over $3.3 billion carried out by Chinese investors, raising concerns that the country’s foreign ownership laws are being skirted
Read MoreIntel beats Q4 view, issues flat Q1-2017 outlook
Aided by an exceptional performance in data centre business, the semiconductor chip manufacturer Intel Corporation (NASDAQ: INTC) reported fiscal 2016 fourth-quarter earnings that beat analysts’ estimates by a margin of 4 cents. Still, we believe that the stock of Intel
Read MoreAIG strikes risk mitigation deal with Berkshire Hathaway
The stock of global insurer American International Group Inc. (NYSE: AIG) hit a high of $67.47 in the second week of January 2017. It can be remembered that the Federal Reserve Bank of New York bailed-out the company with a
Read MoreIMF Slashes India’s Growth Rate Due to Demonetization Impact
The Indian government’s decision to demonetize high denomination currency notes in November 2016 has resulted in the country losing its position of being the world’s fastest growing large economy. The International Monetary Fund (IMF) in its latest update to its
Read MoreCitigroup fined $1 million for overcharging of customers
In the first-week of January, the stock of banking and financial institution Citigroup Inc (NYSE: C) hit a new 12-month high of $61.61. The overall rally in the banking stocks, triggered by the expectation of huge demand for funding of
Read MoreUpcoming Windows “Creators update” turns Microsoft bullish
Since June 2016, the stock of software giant Microsoft Corporation had appreciated nearly 30%. In fact, the company had outrun all other tech giants and also the S&P 500 index, which gained only 9.55% y-o-y. On December 22nd , 2016,
Read MoreWeak Pound Likely To Cause British Businesses To Raise Prices
A recent survey shows that Britons will have to facing rising prices in the coming months as the economy comes to grips with the fallout of Brexit. The poll conducted by the British Chambers of Commerce (BCC) has revealed that
Read MoreBaidu to gain from increasing demand for SVOD service
China’s leading search engine provider Baidu Inc (NASDAQ: BIDU) had a tough 2016. The stock had depreciated by about 15% y-o- y to close at $164.41 on last Friday. The company faced a credibility issue when a Chinese student died
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