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Lira Close to 5-Year Fall

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Senior Turkish economy officials said on Monday that a possible double digits inflation on Turkey in the first quarter. The inflation spells more pressure in the Central’s Bank plan to up the interest hikes. Lira, on the other hand, continues to weaken since the start of 2017.

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JP Morgan Exceeds Q416 Analysts Expectations

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The American-based financial service provider J.P. Morgan Chase and Co. have smashed analysts’ expectations garnering a total of $1.71 increase per share on revenue of $24.333. While the bank’s stock price also soars higher in the premarket trading.

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BofA Releases 2016 Q4 Report

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The Bank of America broadcasted the results of their fourth quarter earnings for 2016. The banks have made a net income of $4.7 billion; this makes a golden year for banks after the presidential elections. BofA’s peers such as JP Morgan Chase & Co. and Wells Fargo & Co. are also expected to release their Q4 2016 earnings today, Friday the 13th.

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Dollar Continues To Fall, Asian Currencies Increase

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The greenback continues to slip this 2017 after Donald Trump’s press conference; it made investors retreat due to the inadequate clarity on the fiscal policies’ future. While the dollar continues to slip, Asian currencies surges, gold and oil gained footings and sees positive inclinations last Wednesday.

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Foxtons Expects Continued Slide This 2017

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What was once London’s leading proprietor, Foxtons, is expecting a continuous sales slump the company experienced last year. The London-based estate agent lost as much as 50 percent last year due to the property tax hike and is expected to do lousily this year as an effect of the Brexit vote.

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Google Cuts Cost, Sells Terra Bella

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Alphabet Inc. Google is in talks with rival Planet Labs Inc. for the acquisition of its Terra Bella satellite company. According to recent reports, the possible acquisition is focused on a cash plus equity deal. Terra Bella’s original name was the Skybox before Google acquired it last 3 years ago for its Google Maps division.

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Japanese Stocks Pose Strong Trades in 2017’s First Trading

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Japanese stocks are currently celebrating a happy new year by leading the surge in this year’s first trading. Nikkie increased 2.5 percent due to exponential financial growth and Topix increasing up to 2.36 percent. Asian stocks are rising this 2017 after setbacks from U.S.A.’s boosting economy last year and resulting in an annual growth of U.S.’s stocks even with a sluggish year ender.

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Amazon Looks To Acquire American Apparel

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Online retail giant Amazon is making moves to acquire the Los Angeles-based American Apparel, which popularized the branding theme “Made in the U.S.A.”. American Apparel has filed for bankruptcy and is now weighing its options between Amazon, and other notable companies such as Forever21, Gildan  Activewear Inc, and even its brand licensor, Authentic Brands Group LLC.

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Kia, Hyundai Expects Increase in Vehicle Sales this 2017

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The sedan manufacturer Kia is looking forward to a prosperous mew year, the company estimates a sale of 3.17 million vehicles this 2017. The South Korean car manufacturer is trying to exceed the previous year’s goal of 3.12 million sales, which the company fell short of achieving; Kia didn’t provide any details regarding the shortcoming.

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