AUD News Reviews 

AUD Daily Review February 19, 2019

AUD Daily Review for February 19, 2019 AUD/NZD: On the verge of a major breakout to the downside, targetting 1.0235/50 AUD/NZD is taking its cues from a number of factors, but in the main, the pair has started to consolidate the Aug 2018 downtrend in 2019, albeit with   AUD/USD Technical Analysis: Aussie trading below 0.7130 ahead of RBA AUD/USD daily chart AUD/USD is trading in a bear trend below the 200-day simple moving average (SMA). The Reserve Bank of Australia Meeting’s Minu   AUD/USD calm around 0.7130 ahead of…

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News Stocks 

How trillion-dollar stock-market index funds are vulnerable to manipulation that ‘could harm American investors’

“A recent op-ed in the New York Times cautions that passive index funds may be vulnerable to bias and, possibly manipulation, as interest in those funds has ballooned over the past decade” writes Mark Decambre for marketwatch.com. Dangers may lurk in index funds, a popular area of the stock-market known for its recent and consistent record of outperformance against actively managed funds, according to experts. Nearly $6.7 trillion, or a third of those assets resided in passive funds at that time, the data provider said.Such passive ETFs track an index…

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News Stocks 

Office of Government Ethics declines to certify Wilbur Ross financial disclosure report

“The Office of Government Ethics has declined to certify the financial disclosure report of Commerce Secretary Wilbur Ross, according to a new filing” writes D C for marketwatch.com. The 2018 annual filing wasn’t certified because, it says, Ross said he did not hold BankUnited stock BKU, +0.83% while the transaction report from Oct. 31, 2018, demonstrated that he did. Source: marketwatch.com

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News Stocks 

OneSpan stock jumps more than 20% as results top Street estimates

“OneSpan shares, which had been briefly halted before results were released, rallied 29% after hours, following a 3.8% rise to close the regular session at $16.77” writes Wallace Witkowski for marketwatch.com. For the year, OneSpan expects revenue of $229 million to $237 million, while analysts had forecast on revenue of $231.4 million.Analysts surveyed by FactSet had forecast a loss of 2 cents a share on revenue of $59.9 million.OSPN, +3.84% shares surged more than 20% in the extended session Tuesday after the cybersecurity company reported a surprise profit and topped…

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GBP News 

British ISIS bride stripped of citizenship…

“Please find enclosed papers that relate to a decision taken by the Home Secretary, to deprive your daughter, Shamima Begum, of her British citizenship,” the letter read” writes Jon Lockett for thesun.co.uk. “In light of the circumstances of your daughter, the notice of the Home Secretary’s decision has been served of file today (19th February), and the order removing her British citizenship has subsequently been made.”. The letter – obatined by ITV News  – went on to urge the Begum family to make their daughter aware of the decision while…

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News 

Bangladesh shuts 20,000 websites in anti-porn ‘war’…

“Bangladesh authorities are monitoring local Facebook profiles, YouTube channels and websites under a crackdown on obscene content, a minister said Bangladesh authorities have blocked almost 20,000 websites as part of an anti-pornography “war”, a minister said Tuesday” reports france24.com. The crackdown was launched after Bangladesh’s High Court in November asked the government to block pornography websites and publication of obscene materials in electronic forms for six months.Internet providers in the conservative Muslim-majority nation took down pornography and gambling websites in the past week under orders from the telecommunications regulator. Source: france24.com

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News 

STUDY: Heart attacks on rise among young women…

“A heart attack, or acute myocardial infarction, occurs when a part of the heart doesn’t receive enough blood” writes Michael Nedelman for cnn.com. (CNN) The risk of having a heart attack appears to be rising among young women, according to a new study, and researchers are trying to figure out why.Each year, about 790,000 Americans have a heart attack, according to the US Centers for Disease Control and Prevention Heart attacks most often occur as a result of heart disease⁠, the leading cause of death in the United States. Source: cnn.com

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Heads-up News 

Sydney Trading Session Heads Up Tuesday, February 19, 2019

Sydney opening news digest What To Expect From CVS’s Q4 CVS Health (NYSE:CVS) is scheduled to release its fourth quarter results on February 20. The company had posted a 2.4% increase in sales to $47.3 billion with adjusted earnings reported at $1.73 per share in the previous earnings for Q3. This growth was primarily driven by higher prescription vol…   Apple: The Market Is Too Pessimistic Apple’s trailing PE ratio of 14 says the market believes the S&P 500, whose PE is 21, has better prospects. I challenged my managers…

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News 

‘Ivory Queen’ gets 15 years in jail for smuggling tusks

“In March 2016, Tanzania sentenced two Chinese men to 35 years each in jail for ivory smuggling, while in December 2015, another court sentenced four Chinese men to 20 years in jail each after they were convicted of smuggling rhino horns” reports nypost.com. DAR ES SALAAM — A prominent Chinese businesswoman dubbed the “Ivory Queen” was sentenced to 15 years in prison by a Tanzanian court on Tuesday for smuggling the tusks of more than 350 elephants, weighing nearly 2.2 tons, to Asia.Yang Feng Glan had been charged in October…

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