Oil prices are coming under stress on news that Russia will be driving for a production tour at next month’s conference with the Organization of Petroleum Exporting Countries (OPEC) affiliates. With demand continuing to rise and output exacted to normalize in 2021 continuously, could crude’s drive fade? February West Texas Intermediate (WTI) crude futures fell …
This year is coming to an end and millions of people would like to forget all challenges associated with 2020. Hopefully, public and private organizations are working hard to cope with the coronavirus pandemic. It is no secret that pandemic created a lot of problems for the global economy. This week, the United Kingdom became …
AstraZeneca Vaccine and its Impact on the Global Economy Read More »
Apple is one of the famous tech companies in the world, thanks to its products and services. However, as a vast majority of famous companies, the Cupertino-based company is no stranger to lawsuits. It is worth mentioning that, a federal judge dismissed Apple Inc’s copyright infringement claims against a startup based in the state. Interestingly, …
On December 30, the U.S. dollar declined to its lowest in more than two years in Asian trading and riskier currencies increased, as investors bet that global market risk appetite would rise in 2021. As we know, on December 29, Mitch McConnell, U.S. Senate Majority Leader blocked a vote on boosting coronavirus relief payments to …
The airline industry suffered heavy losses due to the coronavirus pandemic. Nevertheless, investors are willing to invest in this business. For example, Tata Group increased its stake in AirAsia India, as the Indian multinational conglomerate looks to increase its share of India’s airline industry. This week, Tata Group made an important announcement. According to the …
How Tata Group Plans to Conquer India’s Airline Industry Read More »
On Monday morning, the XTB shares growth rose by a double-digit following a positive review from the Polish Financial Supervision Authority (KNF). According to the report, the brokerage received the Polish risk assessment framework (BION) score for its dividend distribution for 2019 with a positive view for 2020. The KNF’s view on dividend policy in …
XTB Shares Gain 12% After Positive Regulatory Review Read More »
This pointed to a greater risk appetite in the wider financial markets, reducing the dollar and making metal commodities more affordable for foreign investors. February gold futures climbed $13.20, or 0.7%, to $1,896.40 per ounce at 13:43 GMT on Monday on the New York Mercantile Exchange’s COMEX division. Gold prices are getting off a weekly …
Silver Soared On Inflation Woes, While Gold Retested $1,900 Read More »
On Tuesday, the U.S. dollar fluctuated near two and a half year low. Investors were encouraged to take on more risk as U.S. lawmakers pushed forward with an enhanced coronavirus relief package. On December 28, the House of Representatives voted to raise stimulus payments to qualified Americans to $2,000 from $600, sending the measure to …
The dollar declines, while euro and pound increases Read More »
The economy of Vietnam suffered losses due to the coronavirus pandemic, natural disasters as well as sluggish global economy. It is worth mentioning that, Vietnam’s economic growth fell to the lowest level in at least three decades, according to data provided by the government. People should take into account that, the economy grew 2.91% in …
Coronavirus, and its Impact on Vietnam’s Economic Growth Read More »
The dollar increased, while the pound rose in a holiday-thinned session, after the United Kingdom and the European Union struck a post-Brexit trade deal, boosting hopes the UK can avoid a turbulent economic departure at the end of 2020. On December 24, the United Kingdom made a trade deal with the European Union. After the …
The dollar and pound rose after Brexit trade deal Read More »
Natural gas prices are also disappointed to take account of expectations for colder conditions, especially in Europe. The energy commodity has been trending in change territory since exceeding $3 last month, with many investors leaving hopes of a colder-than-normal winter. January natural gas futures dropped $0.191, or 6.87%, to $2.589 per million British thermal units …
Natural Gas Dropped By 7% Notwithstanding Supply Drawdown Read More »
Precious metals have been watching the state of the US COVID-19 fiscal stimulus and support package on the final trading day of the holiday-shortened week. As presently, it is a game of wait-and-see. February gold futures climbed 0.24%, or $4.50, to $1,882.60 per ounce at 17:38 GMT on Thursday on the New York Mercantile Exchange’s …
Global money transfer service MoneyGram made an important statement. The company clarified the nature of its collaboration with its blockchain partner Ripple following Ripple’s recent probe by the U.S. Securities and Exchange Commission (SEC). According to the money transfer giant, it has never used Ripple’s counterparty services, namely On-Demand Liquidity (ODL) as well as RippleNet, …
Global Money Transfer Service MoneyGram and Ripple Read More »
After boosting for three straight sessions, the U.S. dollar declined on December 23, as risk appetite increased on the expectation of an imminent Brexit trade deal between the United Kingdon and the European Union. The British pound and the euro took off versus the U.S. dollar after the Brexit headlines, as did risk-sensitive currencies such …
The U.S. dollar declined by 0.1%, euro rose 0.2% Read More »
Energy prices also surged on news that the United Kingdom and the European Union struck a trade deal just days before the Brexit deadline. Supply disorders in Nigeria and France reestablishing its border to England between worries over a new strain of the COVID-19 added to higher crude prices. February West Texas Intermediate (WTI) crude …
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