Chinese copper buyers are asking Chilean miners to delay shipments due to the closure of ports by the Chinese government. The action followed the coronavirus outbreak increased the turmoil in world commodity trade. Víctor Garay, a market coordinator for Cochilco, says that While suppliers have not reported any violation of the agreement, they have verbally …
Japanese video game maker Nintendo Co. Ltd. faces production and delivery delays for some of its products. Including the Switch console and related peripherals, as a result of coronavirus outbreak. In addition to its flagship Switch, the Joy-Con that goes with it and the Ring-Con controllers, made in China, will be among the gadgets affected. …
Britain exited the European Union on January 31st after the long period of planning and preparing. This date marked the finish of 47 years of membership. Meanwhile, UK leader Boris Johnson promised to start negotiations. It’s not clear yet how the post-Brexit era will play out in many important areas, including trade. Until that, the …
On February 6, stocks across Asia benefited from the positive news connected with U.S.-China trade relations. Today, the Chinese government stated that it would halve tariffs on hundreds of U.S. imports starting from February 14. The purpose of this decision was to improve ties with the U.S. This adjustment would apply to about $75 billion …
Bitcoin is the biggest crypto money when it comes to market capitalization. This week, Bitcoin’s price approached $10,000. As a result, the price reached the highest point since October 2019. However, it failed to surpass the key threshold. It is important to mention that the price of cryptocurrency number one rose by almost 40% from …
The price of Bitcoin, Ethereum and Major Cryptocurrencies Read More »
Shipping companies are struggling to cope with the coronavirus outbreak, as they have to adapt to the new reality. Companies that carry goods from China are reducing the number of seaborne vessels to contain the spread of the virus. As a result, such a decision may disrupt global supply chains. It is worth mentioning that …
The Influence of Coronavirus on the Shipping Companies Read More »
French investment bank Societe Generale SA reported on Thursday earnings miss in the fourth quarter of 2019. Although it announced plans for potential share buybacks and saw better profitability this year. The Paris-based lender revealed that its net income dropped 4.6% to €654 million ($719.26 million) in the quarter. This missed analysts’ expectations of €665.8 …
SocGen Profit Drops, Plans Possible Buyback | WibestBroker Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDDKK The pair bounced back from 50 MA, sending the pair higher towards its previous high. The US dollar is taking advantage of the recent rift between China and Denmark. A Danish newspaper published …
Daily Market Charts and Analysis February 06, 2020 Read More »
In 2019 two factors had a huge impact on General Motors. The first one was the autoworkers strike and the second one relates to China. U.S. automaker experienced problems in China due to falling sales. It is important to mention that China has the world’s largest market when it comes to vehicles. On Wednesday, General …
Investors and traders sell and buy billions worth of futures every day. And as a rule, they depend on banks during these exchanges. That’s why Vanguard’s recent announcement is revolutionary. The U.S.-based head of forex trading stated that its plans to launch new computer-run algorithms. With them, it can trade FX with other funds directly, …
Vanguard’s New Algorithms will Connect Buyers and Sellers Read More »
Facebook is a very popular social media network, with two billion users around the world. In 2019, the company unveiled the cryptocurrency project Libra. The backlash from various lawmakers and organizations showed that it would be quite hard to launch this cryptocurrency due to various reasons. The California-based company was struggling to deal with the …
Facebook’s Cryptocurrency Project and Mastercard Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
