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Halliburton Co. (NYSE: HAL) published its financial results on Monday that reported higher than expected profit but lower than expected revenue in the fiscal third quarter. Halliburton launched the industry’s first intelligent fracturing system last week. Shares of the company were reported about 2.1% up in premarket trading on Monday. Halliburton is now trading at £9.48 per share in the stock market versus a much higher £19 per share at the star…

The British financial watchdog imposed an Asset Voluntary Requirement (AVR) on Amigo Holdings (LON: AMGO) on Monday. Under the new restriction, the subprime lender must receive approval from the regulator before transferring assets out of the company. Amigo Holdings was reported about 25% down in premarket trading on Monday but recovered the majority of its intraday loss on market open. On a year to date basis, shares of the company are now close…

Philips N.V. (AMS: PHIA) said its net profit in the fiscal third quarter posted significant growth and topped experts’ forecast on Monday. For the next four years (2021-2025), the company is now targeting higher profitability and accelerated sales growth.   Shares of the company opened about 4% up on Monday but dropped 2% in the next hours. At £38.59 per share, Philips is now 2.5% down year to date in the stock market after recovering from a…

Schlumberger (NYSE: SLB) said on Friday that its adjusted profit in the fiscal third quarter came in stronger than expected. Its revenue in Q3, however, posted a steeper decline than Wall Street estimates. The company attributed the decrease in revenue to the Coronavirus pandemic that weighed on its drilling business in recent months. The COVID-19 crisis has so far infected more than 40 million people worldwide and caused over 1.1 million deaths….

The USD/JPY price is little changed as the market reacts to the latest Japanese trade numbers. The pair is trading at 105.25, which is close to its Friday’s close of 105.35. Japan trade numbers improves Japan exports and imports continued to fall as the country’s economy continued to recover. According to the Ministry of Finance, the country’s exports declined by 4.9% to ¥6.05 trillion. This decline was worse than the 2.9% that economists were ex…

The AUD/USD is little changed as investors digest the latest upbeat economic Chinese economic data. The pair is trading at 0.7090, which is slightly higher than Friday’s low of 0.7060. China recovery gains pace China, the source of the Covid-19 pandemic, has recovered relatively well. The country, with a population of more than 1.3 billion people, has recorded just 91,436 infections and less than 5,000 deaths. This is a considerably low amount co…

The EUR/USD price rose today as the market ignored the rising risks posed by the spreading Covid-19 pandemic. The pair also reacted to the mild European inflation data and US retail sales numbers. Eurozone inflation mild Consumer price inflation in the Eurozone dropped from -0.2% to -0.3% in September as the bloc continued recovering from the pandemic. This CPI was significantly lower than the 1.2% increase in the same period in 2019. According t…

The USD/SGD price is little changed as the market digests the latest Singapore trade numbers. It is trading at 1.3610, which is higher than this month’s low of 1.3520. Singapore non-oil exports disappoint In recent years, Singapore has emerged as a leading economy in East Asia. The small country has continued to attract investments from Asian and other global companies that want to have access to the vast Asian market. The country’s trade numbers…

Bitcoin (BTC) investors recently got a major boost after the International Monetary Fund (IMF) said that a new Bretton Woods moment is needed. A lot of the details are still vague, at best, but many believe that this might be a historical moment that Bitcoin has been waiting for since the day of its creation. Is a new Bretton Woods moment coming? Bitcoin price has not seen any major upward movements in recent weeks. In fact, it mostly just stagna…

The Bank of Canada is making the next in a series of moves that will eventually lead to the creation of its own CBDC — or at least, that is what the crypto industry is assuming right now. Such assumptions came from recent information, revealing that the bank is looking for an economist with experience in financial technology and deep knowledge of crypto. Conditions for potential applicants The bank’s official page revealed that the economis…

One of the world’s biggest crypto exchanges, Huobi, recently revealed a new partnership with an internationally compliant fiat-to-crypto gateway, Banxa. As a result of the collaboration, Huobi will be able to list a number of new fiat currencies to its platform. Three new fiat currencies for Huobi According to the exchange’s press release, Huobi’s partnership with Banxa will allow it to add support for three new fiat currencies…

Monero (XMR) price is trading nearly 5% lower this week after an impressive rally that resulted in a new 2-year high. The digital asset focused on privacy has also found itself in the Europol’s latest organized crime report. Privacy-enhanced cryptocurrencies rising in popularity  In its new report, Europol said privacy-improving wallet services and cryptocurrencies are the ‘top threats’ when it comes to cybercrime. Furthermore, the agency na…

The price of crude oil has advanced above $41.5 this trading week and the current price stands around $40.9. Oil has stabilized above $40 after the EIA report showed a sharp drop in crude inventories due to the closure of offshore production. Fundamental analysis: There is still no clear trend for oil price Crude oil remains above the $40 psychological level despite the fact that OPEC announced that global oil demand will return to pre-pandemic l…

Serco Group plc (LON: SRP) reported better than expected results for the fiscal third quarter on Friday. The company attributed its quarterly success to cost cut measures, hawkish performance in the United States and extensions on its contracts in the U.K. Serco also raised its profit and revenue guidance for the full financial year on Friday. Shares of the company closed more than 3% up on Friday at 138 pence per share. On a year to date basis,…

Long-term investors prefer to ignore the short-term noise and focus on the value that a certain company will yield in the next years and decades. A type of investing that is closely associated with position trading due to the long-term focus, long-term investors are looking for stocks that have significant cash flow, operate in continuous profit, have solid balance sheets and have long-term leadership. In this post, we’re looking for industry tre…

EasyJet (OTC: ESYJY) shares have weakened from $19.94 to $5 in less than several months and the current price stands around $6.29. The upcoming period will be competitive for the airline industry as air travel remains restricted due to the Covid-19 pandemic. Fundamental analysis: The recovery will take years EasyJet operates as an airline carrier primarily in Europe, the company has a fleet of 331 aircrafts and also engages in the trading and lea…

Recently, major crypto exchange OKEx announced that all withdrawals will be frozen for the time being, meaning that all of the money that enters the exchange will be stuck there until further notice. Despite this, however, someone decided to transfer $22 million in Bitcoin from another major exchange, Huobi, directly to OKEx. Someone deposited $22m in BTC after OKEx froze withdrawals The situation with OKEx is confusing for a lot of users, but th…

USD Coin (USDC) is coming to Stellar, according to a recent announcement published by the Stellar Development Foundation. The Foundations’ CEO, Denelle Dixon, noted that the addition should happen by early 2021, and that it will allow Stellar users an opportunity to connect to a global financial infrastructure. USDC saw major growth in 2020 USD Coin is one of the world’s biggest stablecoins. In fact, it is the second-largest one by ma…

Coinbase Custody has revealed plans to add support for more digital assets over the coming months. As a trusted and innovative service, Coinbase Custody will be strict about the requirements that crypto assets need to meet in order to be supported. Coinbase is ready to start assessing a new group of crypto Coinbase is one of the largest crypto exchanges in the US, and its custody service, Coinbase Custody, is easily one of the biggest and most tr…