The U.S. dollar was up on Thursday morning in Asia as investors reacted to China’s Caixin services data while awaiting key U.S. economic data for clues regarding the economic outlook and the U.S. Federal Reserve’s policy decision. The dollar index added 0.14% to 90.023 by 1:50 AM ET (5:50 AM GMT). The USD/CNY pair edged …
Dollar Rose as Investors Digested China’s Services Data Read More »
NortonLifelock has added the ability to mine Ethereum cryptocurrency directly in its Norton 360 antivirus program. Starting from June 3rd, selected 360 users will join Norton’s Ethereum mining early adopter program. Norton also plans to open mining services to nearly 13 million 360 customers in the next few months. Norton emphasized that its service allows …
Norton Crypto – the new mining feature for Ethereum Read More »
Southeast Asian stock markets ended Thursday’s session with mixed results. Malaysia and the Philippines experienced losses as investors await the release of US economic data tomorrow. The Ho Chi Minh trading floor advanced strongly. The Bangkok market did not operate today because it is a public holiday in Thailand. In Singapore, the city-state stock market …
Oil prices were little modified on Thursday after solid gains in the prior two sessions on expectations for rising fuel demand later this year while major producers manage supply discipline Brent crude futures were higher at 16 cents, or 0.22%, at $71.51 a barrel by 1244 GMT after reaching their highest after September 2019 at …
President Recep Tayyip Erdogan’s renewed calls for lower interest rates has sent Turkey’s lira to new all-time lows. He even spoke to the central bank’s new governor about it. Erdogan reiterated his position that the central bank must lower interest rates. He noted that lower interest would lift the burden on investments. Erdogan’s remarks were …
Lira Fell to Record Lows Following Erdogan’s Comments Read More »
HarmonyOS, the Android competitor, is finally here. Since the United States vetoed Huawei two years ago, denying it access to Android, the Chinese company has been working on its operating system. Huawei’s operating system has gone through three phases. The first part, of course, has been its development. Then it was opened up to third …
Huawei introduces HarmonyOS – the Android competitor Read More »
According to the latest news, the World Health Organization (WHO) has approved the Sinovac coronavirus vaccine for emergency use. Notably, it is the second Chinese vaccine to get the WHO’s approval after Sinopharm. The WHO announced it prevented symptomatic disease in 51% of those vaccinated and prevented severe symptoms and hospitalization in 100% of samples. …
Stocks globally reached their records on Tuesday. At the same time, the dollar almost reached its recent lows as markets awaited jobs data in the US. Besides, central bank meetings in the US and the EU should guide the interest rates outlook. Asia-Pacific shares outside Japan touched a three-month high. However, the profits were pulled …
Stocks hover around record highs as traders wait for data Read More »
According to JPMorgan analysts, the largest cryptocurrency might continue falling in the short term. Bitcoin is much likely to keep following the worst May For Bitcoin in the past ten years. JPMorgan strategists wrote that weaker institutional demand might drag Bitcoin prices below $30,000. Based on the volatility of Bitcoin to gold, Bitcoin will continue …
Bitcoin collapse continues while ETH gains BTC supporters Read More »
Gold prices surged on Wednesday, hovering under a near five-month peak hit the prior session, as U.S. Treasury yields pulled back. At the same time, investors anticipated critical economic data this week that will cast light on the inflation outlook. Spot gold was higher 0.4% at $1,906.80 per ounce at 1:43 p.m. EDT (1743 GMT), …
Climate activists who won against Western majors have some supporters in the oil capitals of Saudi Arabia, Abu Dhabi, and Russia. Notably, defeats in the courtroom and boardroom mean Royal Dutch Shell, Chevron and ExxonMobil are all under pressure to cut carbon emissions faster. This is good news for Saudi Arabia’s national oil firm Saudi …
Shell Dutch ruling is beneficial for OPEC and Russia Read More »
Prices for almost every natural commodity have increased over the past year, mainly because of the COVID-19 epidemic’s effect on the economy. Sugar expenses rose by 54%, soybeans by 83%, and corn higher than 100%. Commodity prices increase and decrease along with supply and demand. The past year moved up a perfect storm with the …
Most distinguished prices for some major commodities Read More »
The Southeast Asian stock markets closed the session on Tuesday with the majority of increases, except for Manila. The Philippine stock market was the only one that ended in the red, although the fall was minimal, just 0.02%. At the same time, the most substantial rise occurred in Bangkok, which increased by more than 1.5%. …
Wise, Financial technology company, stated that users in India could now send money abroad to 44 countries worldwide. That includes Singapore, the United Kingdom, the United States, the United Arab Emirates, and countries in the eurozone. According to the Reserve Bank of India data, India’s outward remittances in 2019-2020 were about $18.75 billion. Under a …
Wise lets Indian residents transfer money abroad Read More »
The foreign exchange market is open hours a day, and forex (FX) is the largest financial market in the world. Unlike the London stock market, forex has no allotted hours for trading. The foreign exchange market is made up of different international markets, each of which has its own trading session. One of the major …
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