Hang Seng, the Hong Kong Stock Exchange benchmark index, settled with gains of 0.23% today. The selective advanced by 65.39 points to 28,882.46, mainly led by technology shares. Meanwhile, the Hang Seng China Enterprises advanced by a slight 0.03%. Among the sub-indices, the Commerce and industry climbed by 0.46%. The Finance sector added a slight …
By 2025, Alberta may surpass Ontario and become the province with the largest installed renewable energy capacity in Canada. As the latest sign of corporate investment in renewable energy, technology giant Amazon.com Inc. announced a deal on Wednesday. The new deal will lock up 80% of electricity for what is known as Canada’s largest solar …
Amazon inc. starts the largest solar project in Canada Read More »
The U.S. current account deficit rose to a 14-year high in the first quarter. Remarkably, an acceleration in economic growth drew in imports. The gap could remain wide as the U.S. is leading the global economic recovery from the coronavirus pandemic. On Wednesday, the Commerce Department announced the current account deficit increased by 11.8% to …
The U.S. current account deficit hit 14-year high in Q1 Read More »
On Wednesday, the dollar was unable to strengthen its position as Federal Reserve officials including Chair Jerome Powell reaffirmed that tighter monetary policy was still some way off. The dollar index which measures the greenback against six main rivals was at 91.775 in early Asian trading, off a two-month high of 92.408 reached at the …
U.S. Dollar Is Struggling to Deal With Challenges Read More »
On a recent spring morning, coal mine operator Dale Murray was atop a stretch of land in western Virginia that had been slept flat by mountaintop strip mining. He appreciated the panoramic view it afforded of the surrounding Appalachian hills. Murray’s company CM Mining acquired the thousands of acres of former mining land from Alpha …
Post-industrial lands are a new opportunity for solar power Read More »
European stocks are edging lower after trying to maintain momentum at all-time highs. The market is still adjusting to the Federal Reserve’s aggressive stance, which projected interest rate rises two times for 2023. Despite Fed chairman Jerome Powell’s attempt to put a dovish spin on last week’s shock, there will be a readjustment period for …
European stocks slip while Wall Street is set to open higher Read More »
Technology giants that may be spun off due to a series of new antitrust laws, publicly oppose these measures. Lawmakers will debate these measures on Wednesday. Amazon and Google issued statements on Tuesday against these bills. Apple and Facebook are also the targets of the House Judiciary Committee’s investigation into the digital market. However, they …
Tech Giants Say Antitrust Bills Will Hurt Small Businesses Read More »
Covid-19 is in full effect, and you might be wondering how this might affect Forex trading. Well, the only impact this year’s system change will have is making trading a whole lot easier. As the rest of the world rejoiced to see what new currency exchange rate was possible, Forex traders who had been looking …
With the recent outbreak of Covid-19, it’s hard to tell what the long-term effects will be on the global economy. It is almost certain that global stocks will experience a large drop in the coming weeks and months as this virus spreads. Still, there are ways to protect your portfolio from Covid-19 and hopefully make …
The Effect of the Covid-19 Pandemic on the Global Market Read More »
The latest data showed that Japan’s factory activity grew at the slowest pace in four months in June. The country’s economy was leveling out before Tokyo hosts the Olympic Games in July. Moreover, activity for the private sector declined for a second straight month due to the weaker reading for manufacturing. It continued contracting in …
Factory Activity of Japan Saw the Slowest Rise in 4 Months Read More »
GlobalFoundries, a US-based semiconductor manufacturer, announced Tuesday to build a new manufacturing plant in Singapore to meet unprecedented global chip demand. GlobalFoundries said that it would develop a new facility in cooperation with the Singapore Economic Development Board. Loyal customers will jointly invest in it. According to the company, the development project will invest more …
Hot demand on chips made GlobalFoundries build a new plant Read More »
The greenback paused for breath on June 22 as traders are waiting for the testimony of Fed Chair Jerome Powell for guidance after a surprise shift in the Federal Reserve’s policy outlook. The dollar gained sharply since the central bank last week flagged sooner-than-expected rate hikes. Nevertheless, the dollar declined on June 21 to hand …
The United States Dollar Increased Ahead Of Fed’s Testimony Read More »
The Southeast Asian stock markets finished the session with the majority of increases. The most significant increase was registered in Indonesia. The IDX composite settled with a raise of 1.53%. Meanwhile, Singapore and Thailand ended with losses. The Singapore stock market dropped by 0.28% or 8.67 points. Meanwhile, the Straits Times composite indicator stood at …
According to World Health Organization officials, the highly contagious delta variant is the fastest and fittest coronavirus strain yet. WHO warned that it would pick off the most vulnerable people, especially in places with low coronavirus vaccination rates. Dr. Mike Ryan, an executive director of the WHO’s health emergencies program, announced Delta is likely to …
WHO reported delta is the fastest and fittest COVID strain Read More »
Canada has set determined targets for cutting emissions to combat climate change. However, it suffers a stiff challenge: not only is its economy reliant on oil production, but the Canadian oil industry’s carbon emissions are between the world’s highest for every barrel of oil it pumps. The Canadian oil patch represents the most vexing problem …
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