The Southeast Asian stock markets ended this Wednesday with the majority of increases. It happened at a time of caution due to the forthcoming publication of economic indicators in the US. It may offer clues on inflation and the next movements of that country’s central bank. The Manila stock market led the increases, touching the …
China’s producer price index increased 9% in May from a year ago as commodity prices boosted. This is according to the National Bureau of Statistics. Remarkably, it’s the fastest rise in production prices since September 2008, when the index surged 9.13%. While the gains exceeded expectations of an 8.5% increase, the rise does come off …
China’s producer prices rose 9%, the fastest rise since 2008 Read More »
The dollar declined on Monday as Treasury yields were waning and investors looked ahead to central bank meetings on both sides of the Atlantic ocean. U.S. jobs data affected the dollar, as investors bet that jobs growth was not robust enough to raise expectations for the Federal Reserve to tighten its monetary policy. That tendency …
Internet failure has affected some of the main pages in the world. It generated a huge global alert on Tuesday. Besides, it has revealed once again the vulnerability of digital connections at a time when companies and users depend more than ever on them. A content delivery network, CDN, which provides its services to multiple …
A global internet collapse leaves web pages without service Read More »
According to the World Bank, critical measures need to be taken during the COVID-19 pandemic recovery to return women to work and get them back on the path to gender equality. We all know that Gender equality is a fundamental human right and a necessary foundation for a peaceful, prosperous and sustainable world. There has …
Critical measures are required to return women to work Read More »
Oil was falling Tuesday morning in Asia, extending Monday’s declines as the fragile state of the global economic recovery from coronavirus influences the fuel demand outlook. Brent oil futures dropped 0.77% to $70.94 by 11:38 PM ET (3:38 AM GMT), but remained over the $70-mark. WTI futures were falling 0.74% to $68.72. Trade data from …
The Seoul Stock Exchange fell slightly today. The Kospi, its main indicator, showed a 0.13% decline in a day. The South Korean selective lost 4.29 points on Tuesday to stand at 3,247.83 units. Meanwhile, the Kosdaq technology stock index gained 0.03%, or 0.26 points, to close at 986.12 units. The Kospi became positive during the …
British company Arqit is preparing businesses and governments for quantum computers. It considers it the next significant threat to its cyber defenses. Companies like Google, Microsoft, and IBM, believe in the future of quantum computing, which will arrive in the next decade. It could be disturbing news for cybersecurity organizations. David Williams, Arqit’s president, stated …
Bank of America CEO Brian Moynihan thinks that the United States is starting to win the war against coronavirus. In addition, he believes that the economy is reaching pre-pandemic levels. The economy contracted considerably during the pandemic, declining by about 3.5%. Remarkably, more than 400,000 small businesses closed, and some Americans had to rely on …
The U.S. economy is reaching pre-pandemic levels Read More »
The U.S. dollar stabilized on Monday, after suffering losses several days ago due to lower-than-expected U.S. jobs data. Currency markets also experienced problems, they lacked momentum as investors looked ahead to key inflation data later this week. The latest jobs report was regarded as a relief for markets. The report showed that a pick-up in …
Dollar Stabilized on June 7 After Suffering Losses on June 4 Read More »
World shares were rangebound, and trading just above the record highs on Monday. Markets considered Friday’s unexpected U.S. jobs report and a global tax deal within the G7 group of countries while also looking forward to inflation data due this week. Investors were cautious about how shares of major tech firms would respond to the …
China’s trade with the rest of the world increased by 26.9% year-on-year in May. However, such good data did not prevent the benchmark index of the Hong Kong Stock Exchange from closing today with a loss of 0.45%. Although the year-on-year data for Chinese trade is positive, imports from the Asian country registered a fall …
On Thursday, U.S. President Joe Biden signed an executive order expanding a Trump-era list of Chinese firms blacklisted for their alleged ties to the country’s military. An executive order Biden signed brings to 59 the total number of Chinese companies banned from receiving American investment. Meanwhile, it shows how his administration continues some of the …
Joe Biden tightens ban on U.S. investments in China Read More »
Every year, Apple starts its Worldwide Developers Conference focused on its hardware and software news. The company will present the following products with greater probability: iOS 15 The next version of Apple’s mobile operating system will once again take all the spotlight. Among the rumored additions, better notification management stands out. We can set preferences …
What will Apple present at its conference on June 7? Read More »
The Southeast Asian stock markets closed the week’s last session with most falls, except for Vietnam and the Philippines. Investors are pending US employment data and the Fed chairman’s conference. The Ho Chi Minh stock market was the one that rose the most. It consolidated its upward trend in recent days, while all the decreases …
Southeast Asian stocks closed with the majority of decreases Read More »
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