Tag: Engine Forex

Frankfurt – 28/09/2021 Interest Rate Fears Inflation worries, a possible rise in interest rates, and the threat of a shutdown in the USA caused Wall Street to wobble today. Other markets also became more uncomfortable. A cocktail of inflation fears, fears of monetary tightening by the US Federal Reserve and pronounced weakness in technology stocks dampened investors’ spirits on stock …

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Aurora Cannabis reduces loss Cannabis company Aurora Cannabis has opened its books and presented its figures for the past quarter and 2021. In Aurora Cannabis’ fourth quarter ended 30 June 2021, the Canadian company posted 54.8 million Canadian dollars revenue. This was less than analysts had expected. Experts had previously forecast Aurora Cannabis to post revenue of 56.8 million Canadian …

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Frankfurt – 27/09/2021 Post Election The Bundestag elections took place in Germany at the weekend. The result reassured many investors as there was no left-wing coalition, which would have been the only scenario that would have had a supposedly negative effect on the stock markets. Accordingly, there was a big sigh of relief on the Frankfurt stock exchange floor on …

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Frankfurt -24/09/2021 Nail-biting The tremors surrounding the Chinese real estate giant Evergrande kept investors around the world on tenterhooks all week. The company, which is heavily indebted with around 300 billion dollars, can hardly make its interest payments. On Friday, some investors in a dollar bond declared, according to insiders, that they had not received any money. A 30-day grace …

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McDonald’s resumes share buyback & increase quarterly dividend The world’s largest fast-food company McDonald’s, is looking to put the aftermath of the Corona pandemic further behind it. The share buyback programme, which was suspended in spring 2020, will be resumed, the group announced in Chicago on Friday night. In addition, the quarterly dividend will be increased by seven per cent …

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Twitter pro-Bitcoin  Twitter is giving its users the option to support the operators of their favourite profiles in cryptocurrencies such as Bitcoin. The function will first be introduced on the iPhone and later follow for devices with the Google Android system, announced on Thursday. Twitter is also experimenting with innovations to make everyday life on the short message service more …

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Frankfurt – 23/09/2021 Fed. Up. The Fed’s continued ultra-loose monetary policy and encouraging corporate outlooks continue to drive the stock market recovery today.  Once again, Jerome Powell, the top money watchdog in the US, kept equity investors happy. He apparently hit the right note with his stalling tactics and cautious hints of an imminent turnaround in monetary policy. The US …

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Frankfurt – 22/09/2021 Nothingburger Fed President Jerome Powell’s announcement this evening was not a big bang. As he did three weeks ago at the virtual central bank conference in Jackson Hole, he signalled that the US central bank would probably reduce its bond purchases this year. However, he again did not give a precise timetable and deferred to the next …

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Uber announces first operating profit More than a decade after its founding, Uber is looking at its first operating profit – at least after deducting various costs. The ride-hailing company burned billions of dollars in its global expansion with the promise of profits later. Uber announced on Tuesday that it had now turned a profit on an adjusted basis before …

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Frankfurt – 21/09/2021 Rescue Boat? After the sell-off at the start of the week, the stock markets stabilised today. Some investors took the opportunity to enter and went “bargain hunting”. But the calm could prove to be deceptive because the Evergrande fiasco and the upcoming Fed meeting could again harbour risks. In New York and in Frankfurt, where the new …

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