Authorities in Australia announced changes to simplify credit access for consumers and small businesses. This decision helped to boost the stocks of major Australian banks. Interestingly, shares of the “Big Four” helped to lift the broader S&P/ASX 200 index higher by 1.51%. The S&P/ASX 200 reached 5’964.90. As stated above stocks of major banks jumped …
Stocks of major Australian Banks Jumped on Friday Read More »
The U.S. dollar tumbled down from a two-month peak on Friday. Renewed hopes of fresh U.S. stimulus eased traders’ concerns about its economic recovery. Meanwhile, the yuan surged forward after China was added to a global bond benchmark. Despite lowering, the dollar is on track for its biggest weekly gains in nearly a half year. …
U.S. Dollar declined on Friday due to hopes of new stimulus Read More »
The world’s largest economy sustained considerable damage due to the coronavirus pandemic. Millions of people across the country lost their jobs. Moreover, people from New York to Los Angeles are struggling to cope with the coronavirus pandemic and its influence on the economy. It is worth mentioning that the number of first-time filers for unemployment …
Weekly Jobless Claims and its Impact on the Economy Read More »
The world-second most populous country has the ability to reach great heights when it comes to cryptocurrencies. Recently, Indian cryptocurrency exchange BuyUCoin developed a framework to regulate crypto in India. According to BuyUCoin, all the Indian crypto stakeholders support this framework. Interestingly, the framework or ‘sandbox’ will be officially released in less than a month …
Indian Cryptocurrency Exchange and its Framework Read More »
The Euro traded at $1.1656 on Thursday, near to two-month low against the dollar reached on Wednesday. Data about German business – the Ifo survey was due later on the day, and some analysts speculated how it would influence the common currency. The report may show an improvement in business morale in Germany. On Wednesday, …
Euro remained low on Thursday. What about other currencies? Read More »
There is no unique approach when it comes to regulating the crypto industry. Interestingly, the county that has a huge potential to develop this industry, continues to surprise with its decisions. For example, in early September Russia’s Ministry of Finance proposed a blanket ban on any crypto transactions. With the exception of obtaining cryptocurrency through …
Russian Authorities and Evolution of the Crypto Industry Read More »
It was a tough day for the technology shares in Asia, following losses seen by their counterparts in the U.S. Moreover, mainland Chinese stocks fell on September 24. Importantly, in Japan conglomerate, SoftBank Group saw its stock drop 4.52% on September 24. Also, Kakao in South Korea fell 3.69%. Importantly, Hong Kong-listed shares of Chinese …
Hong Kong-listed shares of Chinese Smartphone Maker Xiaomi Read More »
The coronavirus pandemic continues to dominate the headlines as countries are struggling to deal with it and its impact on the economy. Notably, Europe is trying to cope with the second wave of infections. Unfortunately, it has the potential to create huge pressure on the region’s economy. People should keep in mind that, the economy …
Second Wave of Coronavirus Infections and Europe Read More »
Russia’s Ministry of Finance plays an important role when it comes to the cryptocurrency industry. For example, in early September, the ministry proposed a blanket ban on any crypto transactions except for obtaining cryptocurrency through three methods. The first one is inheritance, the second one is bankruptcy, and the last one is the enforcement proceedings. …
Ministry of Finance and Cryptocurrency Industry in Russia Read More »
The U.S. dollar was steady against most currencies on Thursday. Signs of an economic slowdown in the United States and in Europe bolstered concerns about the fallout from the second wave of Covid-19 infections. The greenback will probably continue to rise as another spike in virus cases in Europe boosts its safe-haven appeal. The …
Dollar extended its rally as the pandemic threatens markets Read More »
Companies around the globe are working hard to adapt to the everchanging environment and Nike is not an exception. Interestingly, the company reported an 82% increase in online sales. It is worth mentioning that, Nike used the coronavirus pandemic as an opportunity to accelerate its digital business and its women’s apparel division grew nearly 200%. …
The U.S. dollar stood at $1.1708 per euro in Asia on Wednesday, close to a two-month low hit in the previous session. The currency traded at 0.9198 Swiss francs, holding onto a 0.6% gain from Tuesday. But it changed slightly at 105.06 yen. Overall, the greenback managed to hold onto gains against major currencies. Concerns …
The Sterling hovered near its record lows against Dollar Read More »
Cryptocurrencies gained popularity in Africa. Nevertheless, crypto’s popularity attracted the attention of regulators. For example, South African regulators proposed regulations that would impose strict licensing as well as monitoring requirements, without recognizing cryptocurrency assets as legal tender. Regulators in another African country also would like to regulate crypto. Recently, Nigeria’s Securities and Exchange Commission (SEC) …
Vietnam as well as other countries in the region are trying to deal with the economic impact of the coronavirus pandemic. Despite all challenges, the country’s government has targeted economic growth of 6.5% next year. It means the government wants to return to the pre-coronavirus level of economic growth. It is not an easy task. …
There are many fake products on the market. Sometimes it is quite hard to distinguish between products produced by companies from fake products. Furthermore, companies are struggling to protect their products. As a result, they lose a lot of money due to the products produced without their consent. Unfortunately, it takes a lot of time …
South Korea’s Largest Blockchain Project and Luxury Goods Read More »
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