Southeast Asian stock markets closed one more day with rises encouraged by the decisions of the US Federal Reserve and the new stimulus plan. In Singapore, the stock market of the city-state increased 2.02 points or 0.06%. The Straits Times Index remained at 3,221.58 units. In Indonesia, the Jakarta stock advanced 38.48 integers or 0.64%, …
Southeast Asian stocks continue their rising streak Read More »
OPEC+ ministers appear to have operated their meeting, listed for today early. OPEC later published a press statement that the group met on Tuesday. Nevertheless, the surprises end there, with the group choosing to boost oil output within May and July gradually. This easing will notice approximately 2.1MMbbls/d of supply taken back onto the market …
According to CoinMetrics data, the price of Dogecoin has soared by 20% in the past 24 hours to 32 cents. The meme-inspired cryptocurrency hit a record high of more than 45 cents at the beginning of this month. It even sparked concerns about a potential bubble in the crypto market. According to CoinGecko’s data, Dogecoin …
Apple has tried by all possible means to avoid the shortage of chips we are all suffering in the industry. However, as Apple CEO Tim Cook has explained, Apple will suffer a deficit that will affect the iPad and Mac internationally. Although they have managed to maintain a good supply level in the second quarter …
Apple alerts of supply shortages for Mac and iPad Read More »
Global shares increased on April 29 after the Federal Reserve announced it was too early to consider rolling back emergency support for the economy. Moreover, Biden proposed a $1.8 trillion stimulus package. The MSCI world equity index, which gauges shares in 49 countries, increased by 0.2%, on course for its best month since November. The …
Global shares extended gains after FED’s announcement Read More »
The U.S. dollar strengthened its position on April 28 as investors moved to the sidelines ahead of a U.S. Federal Reserve policy statement and a speech by Joe Biden later on Wednesday. The country’s president is set to announce more stimulus plans. One of the most important currencies in the world recovered from a one-month …
U.S. Dollar Was Higher Ahead of Federal Reserve’s Decision Read More »
South Korea led the developed world to join China in exceeding its pre-pandemic economy. Investment and exports helped it grow faster than anticipated. The Ministry of Economy and Finance announced on April 27 that South Korea’s real GDP rose 1.6% from the previous quarter and 1.8% from a year ago in the first quarter of …
South Korea is exceeding its pre-pandemic economy Read More »
Binance, the largest cryptocurrency brokerage in the world by trading volume, announced the creation of NFT, a global marketplace for non-fungible tokens. The new platform will launch in June. The company aims to provide the largest NFT trading platform globally with the best minting, buying, and exchanging experiences. Binance NFT will share the same system …
China’s rising imports of metals, grain, and other commodities increase a bulk-shipping sector at the focus of global industrial production. Daily freight rates for Capesize ships, the biggest bulk carriers, surged to an 18-month high this week at about $35,000. The Baltic Dry Index, which follows the price of moving commodities by sea, surged to …
China`s commodity imports push a boom in a dry-bulk shipping Read More »
The software giant Microsoft announced a profit of 44.813 million dollars in the first nine months of its fiscal year 2021. It represents an increase of 35% compared to the same period of the previous year. The Washington-based company brought in $121.936 million between July and March. It was an increase from $104.982 million from …
Microsoft earns 44.8 million dollars in 9 months, 35% more Read More »
The Ethereum price has risen by 7% in the past 24 hours. It has even outperformed its big brother Bitcoin. Supported by the good news from the European Investment Bank, Ethereum price surged to a record high on Wednesday. Ethereum has climbed to $2,709 in early Asian trading on Wednesday, April 28. It has made …
Ethereum hits record high after EIB digital bond news Read More »
The topic of climate change remains one of the most pressing issues for a long time, and investors would like to learn more about its importance. There is an organization that is willing to help companies as well as investors. This organization is the Task Force on Climate-Related Financial Disclosures (TCFD). The goal of this …
How Climate Change Can Influence Investor Sentiment Read More »
Throughout the past Iranian week (closed on Friday), 740,132 plenty of commodities priced at $513 million were traded at Iran Mercantile Exchange (IME). The general public relations and international affairs Department of the exchange stated. In the past week, IME traded 378,696 loads of commodities priced at almost $305 million on its mineral and industrial …
More than 740k tons of commodities traded at IME in a week Read More »
iOS 14.5 is now available to download and install on supported iPhones. Apple has just released this software version that corresponds to the spring version, introducing numerous improvements, news, and changes. The highlight is unlocking the iPhone with a Face ID wearing a mask, the transparency of app tracking, and the choice of default music …
The U.S. dollar floated near multi-week lows against major peers on April 27, weighed by subdued Treasury yields ahead of the Federal Reserve’s policy decision. However, the yen hardly budged after the country’s central bank decided to keep its policy on hold. The greenback was also out of favor after the world stocks started the …
Subdued Treasury Yields Affected the U.S. Dollar Read More »
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