The Euro climbed up by 0.18% to $1.0945 on Wednesday, near the two-week high of $1.09755 reached on Tuesday. If the currency surpasses that point, it could open the way for a test of a new high of $1.1019, which it reached on May 1. However, the moves were insignificant and within recent ranges because …
The Euro gained on Wednesday. Why did currency rally? Read More »
On Wednesday, stocks across Asia were mixed as they reacted to the news connected with the world’s second-largest economy. China made the decision to keep the benchmark lending rate. Importantly, mainland Chinese stocks fell on May 20. The Shanghai Composite fell 0.51% to end its trading day at around 2,883.74. At the same time, another …
China’s Benchmark Lending Rate and its Impact on the stocks Read More »
The world-famous American company AT&T wanted to dismiss a lawsuit but the U.S. District Judge decided not to support this decision. Judge Consuelo Marshall rejected AT&T’s bid and this is bad news for the world’s largest telecommunications company. According to the lawsuit filed by investor Seth Shapiro, the company failed to prevent the theft of …
Largest Telecommunications Company and Crypto-Related Crimes Read More »
Central banks choose the assets as the part of their reserves, based on security, liquidity, and returns. The crisis caused by Covid-19 has created an unprecedented deterioration in financial markets. Furthermore, it has confirmed the vital role of gold in central bank reserves. The report by the World Gold Council highlights the importance of the …
Covid-19 confirms gold is vital for central bank reserves Read More »
The coronavirus pandemic created numerous challenges for countries around the world. Moreover, for the last couple of months, governments tried to contain the virus and at the same time to protect the economy. Unfortunately, it is tough to achieve a balance between public health and the economy. However, private as well as governmental organizations are …
The Congressional Budget Office and the U.S. Economy Read More »
Panasonic is resuming work at Tesla’s Buffalo, New York solar panel factory this week. Some businesses in the Western New York region should soon reopen. The factory has been closed for roughly two months. Tesla suspended most operations at its solar panel factory in Buffalo, New York. Mark Shima, president of Panasonic North American solar …
Panasonic Restarts Production at Tesla’s NY Solar Factory Read More »
Some Asian currencies rallied on Tuesday as risk-sentiment improved. The Australian dollar climbed up to $0.6530, close to a one-week high, and the New Zealand dollar rose by 0.25%, to $0.6054. The Reserve Bank of New Zealand’s Deputy Governor, Geoff Bascand’s, announcement boosted the kiwi briefly. According to him, the central bank would re-evaluate its …
Asian currencies hit high. What about the U.S. dollar? Read More »
The aviation industry is struggling to deal with one of the most if not the most serious crises of the 21st century. Most of the airports are almost empty and it won’t be easy to convince travelers to return to airports. It will take at least several months to improve the situation. Meanwhile, some of …
Thailand’s Flag Carrier Thai Airways and its Shares Read More »
Crypto mining is a profitable business. However, people should not resort to illegal activities to mine cryptocurrency. Recently, hackers attacked multiple supercomputers across Europe. Interestingly, hackers exploited a Secure Shell (SSH) connection. Thanks to SSH connection academic administrators are able to log in to the system remotely. Importantly, hackers stole university members’ SSH credentials in …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. NZDCAD News about the development of a coronavirus vaccine has propelled the New Zealand dollar this week against the Canadian dollar. But it appears that the New Zealand dollar isn’t the only one strengthening …
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