On Wednesday, Target reported disappointing results. The shares of big-box retailer declined by 7% after this announcement. Based on the information, same-store sales increased only by 1.4% during November and December. For example, during the same period of time in 2018, same-store sales rose 5.7%. Nevertheless, the company did not change a prior outlook for …
Cryptocurrencies are becoming more and more popular. However, some individuals, as well as governments, are trying to use cryptocurrency for illegal activities. One of the countries that engaged in such activities is North Korea. According to U.N. experts, North Korea generated an estimated 2 billion by stealing from banks and cryptocurrency exchanges. Moreover, the country …
WTI crude prices dropped amid the uncertainty over phase one trade deal signing. US West Texas Intermediate crude futures lost 15 cents or 0.3% at $58.08 per barrel. Meanwhile, Brent crude slipped 16 cents or 0.3% at $64.33 per barrel. The American Petroleum Institute has estimated a crude oil inventory build of 1.1 million barrels …
Zambia has the third-largest economy in Southern Africa. Nevertheless, it is struggling to cope with economic conditions. Based on the preliminary information, the country’s sovereign debt will reach 96% of gross domestic product (GDP) in 2020. China provided billions of dollars of loans for various infrastructure projects to several Sub-Saharan countries. The world’s second-largest economy …
Universal Studios Japan is building a Super Nintendo World in its theme park ahead of the 2020 Tokyo Olympics. Its Mario-themed “Power Up Bands” offer guests a real-life video game experience. With a band given at the entrance, guests can collect digital coins and compete against other guests. If you download the mobile app within …
The FX market struck a cautious note on Wednesday ahead of the Phase One US-China trade deal signing. The yen, a safe-haven currency, was steady against other currencies. Riskier ones lost slightly, with investors become jittery before the signing. In China, the yuan dropped 0.2% to 6.8942. The Chinese currency has been the most sensitive …
FX Market Cautious Pre-Trade Deal Signing | WibestBroker Read More »
The Republic of India has the potential to play a significant role when it comes to developing emerging technologies such as crypto. However, companies that would like to enter this business should be careful as the local crypto climate is quite complicated for a number of reasons. Crypto exchange WazirX had to transform its business …
This week investors in different parts of the world are waiting for January 15, as on that day, U.S. President, along with Chinese officials, will sign the trade deal. This is an important day for the stock markets. For a long period of time, it was hard to say when China and the U.S. would …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPCHF The pair has so far lost a huge chunk of its previous gains in the week, dropping below an important support line. It touched the 200-day moving average, which is now serving as …
Daily Market Charts and Analysis January 15, 2020 Read More »
The Chinese yuan retreated after the US Treasury withdrew China’s currency manipulator label ahead of the phase one trade deal’s signing ceremony. The offshore yuan posted a five-month high of 6.8662 earlier in the session, before easing to trade at 6.8848 per dollar. The onshore yuan ended domestic trading at 6.8854 per dollar to record …
Yuan Recedes ahead Phase One Trade Deal | WibestBroker Read More »
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