Today is the last of 2020, and let’s have a look at the stocks in Asia-Pacific on the last day of the year. Interestingly, stocks in Asia-Pacific were mixed as multiple markets in the region early for New Year’s Eve. Let’s start with mainland Chinese stocks. The Shanghai Composite added 1.72% to 3,473.07. At the …
Mainland Chinese Stocks Saw Gains on the Last Day of 2020 Read More »
Iran, Cuba as well as several other countries suffered losses due to the U.S. sanctions. Recently, The U.S. Treasury settled with BitGo regarding charges that it facilitated users in sanctioned areas to transact using its crypto wallet services between 2015 and 2019. It is worth noting that, BitGo did not do due diligence in blocking …
U.S. Treasury, a Crypto Custodian Service, and Sanctions Read More »
The euro, the Australian and New Zealand dollar all posted more than two-year highs versus the struggling dollar. Investors are betting that an improving economic outlook as coronavirus vaccines are rolled out and unprecedented fiscal and monetary stimulus will boost global growth and asset prices in 2021. Moreover, U.S. economic growth is likely to drag …
Amazon continues to expand its services and products as the tech giant wants to strengthen its positions in various industries. This week Amazon made an important announcement. According to this announcement, it is acquiring podcasting company Wondery. Thanks to this deal, the company will be able to expand its catalog of original audio content. It …
Amazon Reached a Deal with Podcasting Company Wondery Read More »
Oil prices are coming under stress on news that Russia will be driving for a production tour at next month’s conference with the Organization of Petroleum Exporting Countries (OPEC) affiliates. With demand continuing to rise and output exacted to normalize in 2021 continuously, could crude’s drive fade? February West Texas Intermediate (WTI) crude futures fell …
This year is coming to an end and millions of people would like to forget all challenges associated with 2020. Hopefully, public and private organizations are working hard to cope with the coronavirus pandemic. It is no secret that pandemic created a lot of problems for the global economy. This week, the United Kingdom became …
AstraZeneca Vaccine and its Impact on the Global Economy Read More »
It was not easy for European stocks on Wednesday. It is worth noting that, European stocks closed slightly lower on December 30 after U.K. lawmakers approved a Brexit trade deal and investors reacted to further positive Covid vaccine development. Interestingly, the pan-European Stoxx 600 index fell 0.34%, with most sectors and major bourses in a …
Brexit Deal and Coronavirus Vaccine Affected European Stocks Read More »
India has a huge potential when it comes to cryptocurrencies thanks to various factors. Interestingly, Unicas opened a physical crypto bank branch in Jaipur, India. As a reminder, Unicas a joint venture between Indian online crypto banking platform Cashaa and United Multistate Credit Co-op Society. It is worth noting that, back in October, the Multistate …
Indian Crypto Bank Opened its First Physical Branch Read More »
Apple is one of the famous tech companies in the world, thanks to its products and services. However, as a vast majority of famous companies, the Cupertino-based company is no stranger to lawsuits. It is worth mentioning that, a federal judge dismissed Apple Inc’s copyright infringement claims against a startup based in the state. Interestingly, …
On December 30, the U.S. dollar declined to its lowest in more than two years in Asian trading and riskier currencies increased, as investors bet that global market risk appetite would rise in 2021. As we know, on December 29, Mitch McConnell, U.S. Senate Majority Leader blocked a vote on boosting coronavirus relief payments to …
The airline industry suffered heavy losses due to the coronavirus pandemic. Nevertheless, investors are willing to invest in this business. For example, Tata Group increased its stake in AirAsia India, as the Indian multinational conglomerate looks to increase its share of India’s airline industry. This week, Tata Group made an important announcement. According to the …
How Tata Group Plans to Conquer India’s Airline Industry Read More »
It was an interesting day, as stocks were mixed in Asia-Pacific on December 28, after overnight gains on Wall Street that sent the major averages to record highs. It is worth noting that, in Japan, the Nikkei 225 led gains among the region’s main markets as it jumped 2.66% to end its trading day …
t is hard to imagine the modern world without cryptocurrencies. Interestingly, more than 200 Simplex partner companies have the opportunity to offer crypto debit cards to their customers, potentially enabling greater adoption of cryptocurrencies for retail transactions. It is worth noting that, the development is the result of a recent partnership between Simplex and Visa …
TikTok is one of the most famous video-sharing social networking services in the world. Interestingly, the current administration wants to ban TikTok in the U.S. However, the administration suffered setback after setback in its stance that TikTok should be banned in the U.S. Nevertheless, its pursuit of the video-sharing app continues. This week, the Justice …
Countries around the world are trying to cope with various challenges. According to media reports, the European Union and China are close to reaching a business investment deal. There is a chance that the EU and China will finalize the details this week is important for both sides. For example, it will give the EU …
Business Investment Deal Between China and European Union Read More »
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