The Food and Agriculture Organization of the United Nations, FAO, released its first forecasts for global wheat supply and demand in the 2020/21 marketing season. World production is forecasted at 762.6 million tons. The number broadly corresponds with the level of 2019. The harvests expect to be lower in the European Union, North Africa, Ukraine, …
Cereal production will be abundant in Asian regions Read More »
Stocks across the Asia Pacific were mixed on Monday, as markets reacted to the news connected with the economy. For example, Hong Kong’s Hang Seng index saw gains on May 11. Its index added 1.72%. Moreover, Japan’s Nikkei 225 rose 1.41% in afternoon trade. At the same time, another Japanese stock index Topix gained 1.64%. …
Economic Recovery and its Influence on the Markets Read More »
The dollar edged up on Monday as the U.S. and other countries are preparing to reopen their economies. Investors hope for quick global recovery from the crisis caused by coronavirus pandemic. The greenback rose by 0.28% to 106.95 yen in Asia, while it was steady at $1.0839 against the euro. The U.S. currency traded at …
U.S. dollar rose Monday despite negative unemployment data Read More »
CEO Elon Musk tweeted today that Tesla would sue Alameda County and move its headquarters out of state. This was after health officials cautioned Tesla against reopening its California car factory yesterday. Hours later, Tesla’s lawyers filed suit in US District Court in the Northern District of California. It was seeking an injunction against the …
Tesla Files Suit Against Alameda County | Wibest Broker Read More »
One of the biggest challenges for crypto owners as well as authorities is how to identify and prosecute people related to various illegal activities. According to cybersecurity experts, the North Korean hacking group Lazarus, is targeting South Korean crypto holders amid the pandemic. Moreover, this group is also launching attacks against other nations including the …
North Korean Hacking Group Lazarus and Crypto Owners Read More »
The once-thriving aviation industry is trying to cope with various challenges. Moreover, the primary goal of many airlines is to avoid bankruptcy. However, not all of them will survive the coronavirus crisis. Recently, Colombia’s national airline Avianca has filed for bankruptcy protection in a court in New York. It is worth mentioning that, Avianca is …
Latin America’s Major Carrier Avianca Filed for Bankruptcy Read More »
The coronavirus pandemic is the most serious challenge for the global economy. Private and governmental organizations are trying to minimize the damage caused by the coronavirus pandemic. It won’t be easy to get the economy back on track. Hopefully, the U.S. plans to spend a lot of money to boost the economy. Moreover, the U.S. …
Chinese yuan increased by 0.1% to 7.087 against the U.S. dollar an offshore trading on Friday. U.S. and Chinese trade representatives discussed the phase one trade deal and came to an agreement, causing the yuan’s jump. The United States declared that both sides expect obligations to be met, while China agreed to improve the atmosphere …
Chinese Yuan gained against U.S. dollar. What about Aussie? Read More »
Cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and others offer a number of advantages in comparison with fiat currencies. Moreover, there is no shortage of crypto-related events not only in the U.S. but around the world. Recently, securities fraud and investment loss attorney David Silver has filed a class-action lawsuit. Interestingly, Silver filed this lawsuit on …
Crypto Conference in Tennessee vs 2,000 Participants Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURSEK Despite the decision of the Swedish central bank late last month to leave its interest rates unmoved at 0.00%, the Swedish krona holds it gaining momentum against the euro. Although as of writing, …
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