News
IMF 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
Read MoreFord turns bearish on concerns of decline in sales
Since mid-December, the stock of Ford Motor Company (NYSE: F) has fallen by about 6% to $12.46 as of yesterday’s close. Still, the stock is nearly 13% higher compared with February’s low of $11.02. In fact, considering the investments being
Read MoreLSE Offers To Sell Its French Clearing House To Rival Euronext
In a bid to eliminate concerns about competition from its proposed merger with Deutsche Boerse, the London Stock Exchange (LSE) is in talks with rival Euronext for the sale of its French clearing house. The European Commission is currently reviewing
Read MoreF5 Networks signals downtrend on lackluster Q1 view
The stock of content management solutions provider F5 Networks, Inc. (NASDAQ: FFIV) had a remarkable run up this year. Since February 11th , the stock has appreciated by about 69% to $146.56 (as of Tuesday’s close). The company reported a
Read MoreUK FCA To Conduct A Full Review Of The Mortgage Industry
Britain's financial regulator Financial Conduct Authority (FCA) is kicking off a full-fledged review of the country’s 1.3 trillion pound mortgage market to examine if customers are getting fair treatment. Rising housing prices along with a shortage in inventory is affecting
Read MoreBaidu remains weak on anticipation of poor Q4 performance
On November 8th , we had recommended purchasing a one touch put option in Baidu Inc (NASDAQ: BIDU) on the basis of poor fourth-quarter guidance and regulatory issues faced by the company. We had suggested target price of $163 or
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