The International Monetary Fund or IMF finally approves the last tranche for Egypt’s economic reform program. The global money lender will release the $2 billion package after seeing the country’s improvement. Egyptian officials and the IMF settled a loan on November 11, 2016, as a part of the country’s attempt to revive the economy. The …
IMF Approves Egypt’s final $2 Billion Tranche | Wibest Read More »
In Asia, U.S. Treasury Secretary Steven Mnuchin voiced new pessimism about Bitcoin’s futures. On Thursday, Bitcoin also increased above the critical $10,000 level. The bitcoin price rose 4.9% to $10,145.8. After Mnuchin said he thinks the outlook for the crypto king is unwelcoming, the gains improved. In a news report interview, Mnuchin stated, “I won’t …
Bitcoin Price Upsurges After Mnuchin Expressed Negativity Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURCAD The pair has fallen steeply in the past weeks, with prices staying under the 50-day and 200-day moving averages, indicating further bearish moves in the near future. The euro has broadly weakened, sticking …
Google and age discrimination Google parent company Alphabet is one of the biggest companies in the world. Right now, Google employs more than 103,000 people in various positions. The way the company treats its employees came under the scrutiny multiple times. A number of employees or people who wanted to work for the company accused …
On Wednesday, due to the subdued dour signals from Deutsche Bank and Aston Martin slide in commodity-linked stocks, European stock markets were flat. The eurozone crisis manufacturing and services surveys also accumulate worries on the outlook for growth. Surveys by the purchasing manager in July showed weaker-than-expected eurozone business growth. The decline was due to …
Oil and petroleum prices recovered in Wednesday’s session. Oil futures are now trading in positive territories. The US WTI crude oil futures inched up 0.24 points or 0.42%. Commodities analysts and crude oil traders expected a slow and steady recovery. Crude oil barrels ranged from 56.86 US dollars to 57.27 US dollars in sessions. The …
Crude Oil Prices Slowly Recover as Tensions Rise Read More »
On Tuesday, the Swiss Federal Data Protection and Information Commissioner said Facebook’s Libra cryptocurrency project did not respond to the request of information by Switzerland’s data privacy watchdog. Meanwhile, observing more details will help define the oversight role over the US social media company’s planned digital currency. Facebook announced the launching of Facebook Libra next …
Swiss Watchdog Awaits Response by Facebook Libra Read More »
Conservative Party hopeful, Boris Johnson, wins the race for the British Prime Minister election on Tuesday. The Brexit campaigner will take his post on Wednesday. Johnson effortlessly topped over his rival Jeremy Hunt in voting. With a staggering 92,153 votes from members of the Conservative party, Johnson easily bagged the win. He acquired two-thirds of …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURUSD The euro pair just reached its two-month low against the dollar as pressures mount ahead of the highly anticipated meeting by the European Central Banks and amid hints of progress over the US-China …
Apple is famous for its smartphones, notebooks, and other products. The sales of iPhones made Apple as one of the wealthiest companies in the world. Customers love the iPhone for its speed, design, and simplicity. However, to maintain the technological advantage, it is important to introduce products that offer cutting-edge technologies regularly. At the moment, …
On Tuesday, calming concerns over the pace of economic growth were companies that lifted a batch of substantial upbeat earnings reports, including Coca-Cola and United Technologies. Meanwhile, U.S. stock index futures strengthen. Last week, the earnings on the second quarter were mixed, but investors react positively to a series of releases on the previous 24 …
Crude oil and petroleum futures were seen in the trading flat in today’s session. The oil market continues to weigh on geopolitical tensions in the Middle East and the slowing demand. Brent oil futures, the benchmark for crude oil prices at the Atlantic, went down a mere 0.49 points or 0.79%. Brent oil prices reached …
Petroleum and Oil Prices trades flat in Wednesday’s session Read More »
Heightening global trade tensions seems to be in trend as the United States and China trade dispute continues to loom. And in the east, two Asian economic giants are giving tit-for-tat tariffs – South Korea and Japan. Tariffs have seemed to be hot in political and trade playbooks. Trade tensions between both countries have escalated …
South Korea’s Economic Growth at Risk Due to Export Curbs Read More »
India seems to be all set into banning private cryptocurrencies. In cryptocurrency news, all private cryptocurrencies not including the ones issued by the state, be outlawed in the country as the Reserve Bank of India requested. The central bank endorses the elimination of the interface of institutions for cryptocurrencies to be regulated. Apart from declaring …
Cryptocurrency News: The Indian Government Bans Bitcoin Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPJPY The pair is creeping down the charts, on the lower portion of the trading channel seen on the daily chart. It has broken a key support like and is trading below that level, …
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