Mainland Chinese stocks dropped on Tuesday, tracking other losses in Asia-Pacific markets, as Covid’s new variant returned to focus. In Hong Kong, the Hang Seng index declined 1.33% to close at 23,635.96. Tech stocks fell, with Alibaba down almost 2%, Tencent losing 1.46%. The Hang Seng index dropped 2.28%. Shares of Weibo declined fell more …
Mainland Chinese Stocks Fell Due to the Omicron Variant Read More »
Bitcoin fell when the Wall Street trading opened on December 13th. The shares closed at a record high on December 10th. Data from TradingView and Cointelegraph Markets Pro show that BTC/USD is falling below $48,000 to reach the multi-day minimum. Bitcoin added a loss that was over $3,000 in 24 hours. Traders continued to record …
On Tuesday morning, the dollar increased in Asia. This occurred as concerns over the Omicron strain, and interest rate hikes from the Fed increased. The U.S. Dollar Index edged up 0.13% to $96.391 by 12:06 AM ET (5:06 AM GMT). The USD/JPY pair rose 0.03% to 113.58. The AUD/USD pair decreased by 0.35% to 0.7105, …
The dollar surged after the expected Fed Interest Rate Hike Read More »
In the third quarter, labor productivity dropped at the fastest rate in a long time according to a Labor Department report. Importantly, in a measure of output versus energy, nonfarm business sector productivity dropped 5.2% from the previous three-month period. The result surpassed expectations. The labor productivity rate dropped at the fastest pace since the …
Labor Productivity Rate Fell at the Fastest Pace in Decades Read More »
After the U.S. consumer prices increased, the Australian Dollar gained some ground against the U.S. Dollar on Friday. It happened in line with expectations in the previous month as investors bet that the actual number might not change the speed of interest rate hikes. Those were investors who had been expecting considerably higher inflation. The …
Oil prices increased on December 13, helped by growing optimism that the Omicron coronavirus variant’s impact will be limited on global economic growth as well as fuel demand. Brent futures gained 5’3 cents or 0.7% to $75.68 a barrel by 01:00 GMT. Brent futures advanced 1% on December 10. U.S. West Texas Intermediate (WTI) added …
According to recent statistics from the Office for National Statistics, at some point, most women have felt unsafe walking alone in the streets at night. They might manage to call a friend, share their location with them through WhatsApp, or use other strategies to stay safe. Sexual harassment against women increased this year. Women in …
The Singapore branch of the world’s largest cryptocurrency exchange, Binance, has canceled its bid to launch a stock exchange in a city-state. With that, the company ended an attempt that began last year to gain the consent of the Singaporean government. The Fiat-to-crypto trading platform will cease operations and close by February. It is worth …
Binance Closes Singapore Cryptocurrency Exchange App Read More »
Stock futures rose in overnight trading Sunday thanks to the S&P 500. Since February, the index notched its best week, rebounding from a big sell-off triggered by fears of the omicron coronavirus variant. Dow Jones Industrial Average futures gained 90 points. The S&P 500 futures added 0.2% and Nasdaq 100 futures advanced 0.3%. Interestingly, the …
Stock Futures Benefited from a One Very Important Factor Read More »
It was not an easy day for stocks as they fell on Friday as investors analyzed risks associated with the new omicron variant of Covid-19. Investors are also waiting for the inflation data. In Japan, the Nikkei 225 dropped 1% to end its trading day at 28,437.77. The Topix index declined 0.77% to close at …
Stocks in Asia-Pacific Fell Due to Covid and Inflation Read More »
The last few years have seen interest in technological innovation and space travel. While Elon Musk has the colonization of Mars in mind, Richard Branson and Jeff Bezos, billionaire space tourists, made the headlines this year. However, it’s worth mentioning that such schemes often end up affecting people’s lives in more practical ways. For example, …
On Friday, the dollar seemed firm as traders bet the U.S. inflation figures could determine the route of interest rate increases next year. At the same time, the Chinese yuan recovered its base after the official policy knocked it back. On Thursday, the euro fell 0.5% but remained steady in Asia at $1.1298. The dollar …
Ubisoft’s new NFT project faces strong opposition from the Quartz gaming community. Ubisoft released a beta version of Quartz on December 8 via YouTube Video, with over 214,000 views. The project aims to integrate blockchain technologies and NFTs with existing Triple-A game titles. Tom Clancy’s Ghost Recon Breakpoint is the first game to combine NFTs …
Ubisoft’s New NFT Project is Causing Hatred – Here’s Why Read More »
There is no lack of factors that have the ability to influence oil prices. Still, oil prices were on course for their biggest weekly gain since summer, with market sentiment buoyed by easing concerns regarding the new variant’s impact on global economic growth as well as fuel demand. The Brent, as well as West Texas …
Oil Prices Continue to Rise Thanks to Favorable Conditions Read More »
Real estate companies in China have to cope with various issues on a daily basis. Financial distress among the country’s real estate companies came to the forefront in the last several months as China Evergrande Group and other developers struggled to deal with financial problems. The state of the country’s property sectors is far from …
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