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7 Things You Should Know From Amazon's Earnings
Amazon.com, Inc. (NADAQ:AMZN) delivered an amazing Q1 , posting its highest profit ever. Amazon’s presence in cloud computing with its Amazon Web Services has become a key the focus of the future trajectory of the company. The stock rose more than 9.5 percent on Friday, closing at $659.59. Related Link: Amazon`s Q1 Underscores The Platform`s...
China forex regulator eases restrictions on bank FX positions
BEIJING (Reuters) - China`s foreign exchange regulator said on Friday it will allow banks to issue more FX-related products for risk-hedging purposes. That includes allowing banks to hold bigger short-dollar positions at the end of the day, the State Administration of Foreign Exchange (SAFE) said in a statement on its website. The regulator sai...
Aussie plunges as prices fall; dollar and yen look to Fed, BOJ
SYDNEY/TOKYO (Reuters) - The Australian dollar tumbled on Wednesday after surprisingly soft local inflation data, while the dollar and yen were on the defensive after a broad retreat overnight ahead of policy decisions by both the Federal Reserve and Bank of Japan. The Australian dollar fell more than 1 percent to $0.7672 after data showed Austra...
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