Petroleum and crude oil prices inched down on Monday’s trading session as oil traders and investors worry about the global economic outlook. The weekend talks between Tehran and other global powers concluded on positive grounds. The outcome of Iran’s meeting gave hints of easing tensions in the Gulf to the oil market. The United States …
According to DBS CEO Piyush Gupta, the massive Hong Kong demonstrations do not cause any “big movement of money” to Singapore. This statement comes after suggestions surfaced, saying that Singapore is benefitting from the ongoing protests in Hong Kong. Singapore and Hong Kong are two countries competing for being Asia’s top financial center. Now, with …
Stock Report – Dutch brewing company Heineken NV failed to meet analyst expectations for first-half profits. The company attributed the miss to higher packaging costs, which offset beer sales. Even so, the world’s second-biggest brewer stood pat on its full-year profit growth estimates. The company’s shares declined the most in nearly four years after its …
Negotiators from the United States and China will meet again in China this week. The talk will resume after a three-month hiatus in Shanghai, China. Expectations for an agreeable negotiation have faltered after months of hoping. Representatives of the United States are scheduled to have the two-day talk starting on July 30 (Tuesday). Last month, …
The United States and China Resume Negotiations on Tuesday Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDDKK The pair continued to trade higher on the daily charts, showing the dollar’s continued strength. The pair is now trading above the 50-day and 200-day moving averages, indicating further bullish trend in the …
In Europe, the U.S. dollar kicked its highest level in two months. It has resumed an upward trend versus both the euro and sterling after weak performances on Thursday. During Asian trading, the dollar index, which tracks the greenback versus a basket of developed-market peers, gained 97.627. It was also increasing just above level 4, …
Apple and Intel agreed to sell Intel’s modem chip division Cupertino based company decided to buy Intel’s division for $1 billion. This is a huge step for Apple as the company is planning to design to enter 5G technology. It will take several to finalize all details and to receive regulatory approval. Companies expect to …
In the stock news today, one of the most significant shareholders in Anglo American Plc, Indian billionaire Anil Agarwal, thinks of exiting his stake in the diversified mining company. Volcan Investments, an Agarwal’s holding company, will reduce the position by calling a transferrable bond. It is a part of an unusual building that efficiently gave …
Stock News Today: Agarwal Exits Anglo American Stake Read More »
Oil prices held on to their gains on Friday, thanks to the fall in US oil inventory report. For figures, US Crude Oil WTI Futures gained 0.3% to $56.21. Meanwhile, benchmark Brent Oil Futures crept 0.1% higher, trading at $63.45. Looking at the bigger picture, WTI is 23% higher so far this year. Brent has …
Oil Gains on Lower Inventory Report| WibestBroker Read More »
On Wednesday, Facebook chief executive Mark Zuckerberg confirmed his commitment to the social network’s search. It is with the launching of Facebook Libra cryptocurrency despite pushback from governments and critics. Last month, Facebook unveiled the plans for Libra. It is an announcement that flickered fears of the unintentional consequences of a loosely supervised global currency. …
The European Central Bank (ECB) hints about preparations for interest rate cuts. The bank also signals to deliver a highly accommodative monetary policy. The monetary policy will likely be a part of purchasing additional assets. The decision is an effort to push the sluggish inflation of the Eurozone toward its target. Traders and investors in …
ECB’s Mario Draghi Signals Preparation to Cut Rates Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURDKK The pair suffered a pullback in the last trading session, nearly paring all of its gains during the last trading session. The pair recently traded above the 50-day moving average but failed to …
Crude oil and petroleum prices made a recovery in today’s trading session. Both US WTI crude oil and Brent oil futures took a dip in the earlier half of the day. Prices fell due to traders who say that Hurricane Barry caused supplies to fall. An analyst suggests that the weekly crude stockpile draw came …
On Thursday, the euro value was on a two-month low, ahead of a European Central Bank summit. Growth in the currency zone weakens, and this could indicate monetary easing. Opinions toward the single currency took a setback. It was after data showed Germany’s manufacturing sector contracted at the fastest pace in seven years. Meanwhile, French …
On Thursday, after the trading gains in the Paper & Pulp, Railway & Bus, and Real Estate sectors led shares higher, Japan stocks increased on the stock exchange. At the end of trading in Tokyo, the Nikkei 225 grew 0.22% to hit a new 1-month high. Advantest Corp. was the best performer of the session …
Stock Exchange: Japan and Australia’s Stocks Fortify Read More »
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