Finisar recently posted their Q1 results, which are on par with analysts’ estimates. However, the company’s guidance for revenues and margins were much lower than expected making it look as if management is “kitchen sinking” their guidance. As if that weren’t enough, the October quarter
Civil unrest in Hong Kong weighed on investor sentiment, causing Global markets to fall, while Treasury debt prices rose over uncertainty sparked by the protests. On Wall Street, stocks opened much lower, following declines in Europe and Asia, as Hong Kong democracy protesters continued one
Ringgit, out of Malaysia, fell to a four-month low based on the speculation of the Federal Reserve increasing the interest rate. In Kuala Lumpur, Ringgit declined 0.3 percent to 3.2280 per dollar. It reached to 3.2442 earlier, the lowest level since May 13. Bank Negara
Due to concerns about global manufacturing data and a US Ebola health scare, frightened investors opted for the safety of US bonds, the yen and gold, causing prices of stocks and oil to drop. Worried about the European Central Bank’s monthly meeting where it is
The much anticipated debut of Germany’s Rocket Internet on the Frankfurt stock market happened Thursday. Shares opened at 42.50 euros, which would value Rocket at 6.7 billion euros ($8.46 billion). However, a disappointing start was seen after shares fell during initial morning trading and lost 6 percent. It