Warner Music Group plans to sell shares in the U.S. In 2011, billionaire Sir Len Blavatnik acquired the company for $3.3 billion. At that time, the industry was struggling to deal with problems. Nevertheless, thanks to streaming services such as Spotify and Apple, the industry started to make money again in recent years. As a …
China’s Xiaomi Corp., Huawei Technologies Co. Ltd., Guangdong OPPO Mobile Telecommunications Corp. Ltd., and Vivo Communication Technology Co. Ltd. are said to be teaming up to develop a platform that would potentially rival Google’s Play store. Sources familiar with the matter said the four manufacturers are performing minor fixes on what is known as the …
China’s Smartphone Giants to Rival Play Store | WibestBroker Read More »
Coronavirus outbreak affected various industries in the region. Organizers had to postpone the crypto conference. Thus, the TOKEN2049 crypto conference scheduled for March 17-18 will take place in October. Organizers of this crypto conference in Hong Kong made the correct decision. Even though the number of confirmed cases in the city is low, it is …
The euro tumbled down on Thursday after releasing the new data. According to it, German industrial orders collapsed unexpectedly in December by 2.1%. This is the biggest fall since February. These statistics could influence the market, slowing it significantly in the opening months of 2020. The euro was steady at $1.09975 against the dollar, which …
Euro fell due to new data. What about Pound and Aussie? Read More »
The crisis caused by the Coronavirus has reminded the Middle east how much it relies on China for business. Oil prices have been down for months. Oil demand from China has declined significantly, and the consumption of the commodity in the country has fallen by 20%. Andy Lipow, the president of Lipow Oil Associates, states …
The Middle East is in oil crisis due to the Coronavirus Read More »
The U.S. trade deficit declined for the first time in years. On Wednesday, the U.S. Commerce Department released the report. According to this report, the U.S. trade deficit fell by 1.7% to $616.8 billion in 2019. This is a very important result for the U.S. economy. It means that the trade deficit fell for the …
U.S. Trade Deficit Fell to Lowest Point Since 2013 Read More »
Markets in Asia reflected on the news that China would halve tariffs on hundreds of U.S. goods. This move helped to improve the situation. The stocks are struggling as the virus created additional pressure on the markets. The virus killed more than 500 people in China, and thousands are infected, according to China’s National Health …
Chinese Tariffs and Virus Outbreak influenced the Markets Read More »
After the long period of preparing, concerns, and speculation, Brexit occurred on January 31st at last. Britain has officially exited the European Union, ending the 47 years of membership. So far, it’s hard to say how the post-Brexit era will influence many important areas, among them trade. UK leader Boris Johnson promised to start negotiations. …
The Forex Market After Brexit: How Is the GBP Fare? Read More »
There are a lot of cryptocurrencies. However, Bitcoin retains the status of a market leader when it comes to market capitalization. Nevertheless, from the beginning of the year, other major cryptocurrencies except Stablecoin Tether achieved better results than Bitcoin. The price of Ethereum, which is a second-biggest cryptocurrency on the market, increased by 60% while …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURNZD The euro is gaining ground against the New Zealand dollar, with the price recovering from a recent slump just above the 50-day moving average. The Reserve Bank of New Zealand is almost certain …
Daily Market Charts and Analysis February 07, 2020 Read More »
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