Most of the debris from the Chinese Long March 5B rocket disintegrated when it collided with the atmosphere and fell into the Indian Ocean. China’s Manned Space Engineering Office, CMSEO, reported in a statement that the debris re-entered Earth’s atmosphere at 2.24 GMT on May 9. It fell to 72.47 degrees east longitude and 2.65 …
Chinese rocket Debris falls into the Indian Ocean Read More »
Japan’s economy likely declined in the first quarter as the hit to consumption from COVID-19 curbs offset the rise from robust global demand. Notably, it indicated the country’s slow recovery from a pandemic-induced fall. According to analysts, an extension of state of emergency restrictions and slow vaccine rollouts are expected to keep growth weak in …
The markets of Southeast Asia closed the first session of the week with the majority of increases. It followed a volatile week marked by the announcement of the United States that it will support the proposal to eliminate the patents of vaccines against covid-19 temporarily. Stock exchanges in Vietnam and the Philippines led the gains, …
Southeast Asian stocks start the week with increases Read More »
The U.S. dollar declined to a more than two-month low against main peers on Monday after a weak U.S. employment report prompted investors to change expectations for higher interest rates. The focus now shifted to inflation data due this week. The world’s largest economy created a little more than a quarter of the jobs economists …
Dollar Fell Due to a Disappointing U.S. Jobs Report Read More »
A growing tide raises all boats, but some are larger than others. Industrial metals are burning white-hot in a fusion of post-epidemic manufacturing improvement and an emerging commodity supercycle narrative. Copper has secured all-time highs above $10,000 per tonne, with London Metal Exchange (LME) three-month metal closing trading at $10,350. Tin scored a 10-year high …
Meme-based coin, Dogecoin, has caught the attention of the world. The Doge surged more than 25,000% in the past six months. Twin brothers Tyler and Cameron Winklevosses, the founders of a cryptocurrency exchange Gemini are working on the development of Dogecoin. Starting Sunday, the Gemini app clients can allocate their Dogecoin assets to interest-bearing accounts …
Gemini Earn lets the users move their assets in Dogecoin Read More »
The U.S. dollar stayed under modest but still pressure on May 7 ahead of an important U.S. jobs report that could strengthen expectations of a strong economic recovery. It could also trigger investor appetite for stocks, higher-yielding currencies, and commodities. The dollar index against six other main currencies stood near its lowest level so far …
China’s trade with the United States and the rest of the world rose by double digits in April as consumer demand rebounded. However, growth is slowing. Global exports increased 32.3% over a year ago to $263.9 billion. However, it is down from the explosive 60.6% surge in the first two months of 2021. Imports boosted …
Coinbase Global Inc. fell to a record low as investors fled newcomers to the rapidly growing market. The largest cryptocurrency exchange operator in the U.S. fell 6% to $256.76 on Thursday, the fourth consecutive day of decline. It puts the stock slightly above its reference price of $250 for a direct listing in April. Exchange-traded …
Gold prices on Friday flew near a 2-1/2-month high, supported by a pullback in the dollar. NSE 0.70 % and Treasury yields as investors carefully expect U.S. non-farm payroll data for additional cues on the health of the world’s largest economy. Spot gold was even at $1,814.33 per ounce by 0028 GMT, after running its …
Metals prices are coquetting with record levels, agricultural markets are trading at multi-year highs, and oil has staged an effective recovery. The post-coronavirus rally is bullish for commodities. Nevertheless, what is less clear is whether we can name this a super-cycle. We continue more comfortable terming it a cyclical uplift. Copper prices are in a …
Commodities buoyant while supply worries are still a concern Read More »
India reported its highest-ever daily number of 412,262 new virus infections and also a record of 3,980 deaths. Indian drugmakers announced that a stop on some cargo flights from China could interrupt the global pharmaceutical supply chain. U.S. support for a waiver of patent protections for vaccines is heading to the WTO. Remarkably, the European …
India reported its highest-ever daily virus infection number Read More »
The U.S. dollar hovered near a two-week high on May 6, combining ahead of an important jobs report that may provide useful information on when the Federal Reserve will change its monetary stimulus. The dollar rebounded from a one-month low over the past week, supported by U.S. economic data. The data mostly supported the case …
Dollar, U.S. Jobs Report, and the Federal Reserve Read More »
Cryptocurrency custody company NYDIG said that customers of some U.S. banks would be able to buy, hold and sell bitcoin through their existing accounts for the first time. NYDIG has partnered with Fidelity National Information Services to enable banks to provide cryptocurrencies in the coming months. Hundreds of banks have joined the program. The company …
U.S. banks will soon welcome the Bitcoin payment system Read More »
Knowing the information about you on the internet can help you control what is said and eliminate specific negative data that may harm you. On the internet, few things are forgotten. Over the years, it is easy to retrieve information from a person, even if it has changed over time. That is why it is …
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