It was not a positive day for stocks across Asia-Pacific on Thursday, due to the overnight plunge of the U.S. stocks as coronavirus cases continue to rise in Europe as well as the U.S. It is worth mentioning that, the coronavirus pandemic continues to dominate headlines. The number of cases in the U.S. and across …
How Coronavirus in the West Affected Stocks in Asia Read More »
Bang & Olufsen is a world-famous company and its new products attract attention from media as well as fans. It is worth mentioning that, its latest portable Bluetooth speaker is the Beolit 20. Interestingly, it is a lunchbox-sized successor to Beolit 17. Importantly, the new speaker comes with a new Qi wireless charging pad that …
Bang & Olufsen and its Latest Portable Bluetooth Speaker Read More »
On Tuesday, the Commerce Department released a report. It is worth noting mentioning that, new orders for key U.S.-made capital goods rose more than expected in September. Let’s have a look at this report to learn more about the situation. Importantly, the outcome of next Tuesday’s hotly contested presidential election could also affect business as …
Oil prices declined on Thursday, extending a 5% slump in the previous energy commodities session. Renewed restrictions to curb a second wave of COVID-19 infections and signs of an increasing oil supply glut send prices tumbling. By 0743 GMT, U.S. West Texas Intermediate crude futures fell 8 cents, or 0.21%, to $37.31 a barrel. Brent …
Oil Extends Losses on Renewed Lockdowns, Oversupply Worries Read More »
The Hong Kong dollar strayed away from the strong end of its trading band. It’s the first time the currency moved downtrend since Ant Group Co.’s initial public offering was mooted two months ago. The HK dollar fell as much as 0.05%, the most since June 16, to 7.7536 against the greenback. Ant has halted …
HK Dollar Declines Most Since June After Ant Closes Books Read More »
Once-thriving company is working hard to cope with problems. Boeing was struggling to deal with challenges even before the coronavirus pandemic. The company is already shedding 16,000 jobs but this is not the end of the story as the company plans to further reduce the number of employees. It is hard to blame this world-famous …
How Boeing is Trying to Adapt to the New Reality Read More »
Instagram is the world’s largest photo-sharing website, and this fact underlines the importance of Instagram. The history of this social media service dates back to 2010 when Kevin Systrom and Mike Krieger created Instagram. Interestingly, people from all over the world, are using it and this social media service remains popular to this day. It …
Investors are on the move to Hong Kong ahead of Ant Group Co.’s mega listing. Demand for the local dollar is prompting authorities to flood the banking system with extraordinary liquidity. On Tuesday, the Hong Kong Monetary Authority sold HK$31.8 billion or $4.1 billion worth of local dollars. This was to curb the currency’s strength. …
South Korea has one of the largest economies in Asia and around the world. Moreover, the country is a member of the G20. This fact once more underlines the importance of the local economy. Unfortunately, the coronavirus pandemic caused significant damage to the country’s economy. Moreover, pandemic created a lot of pressure on companies around …
South Korea’s Economy and Sharpest Recession in Years Read More »
Oil retreated in energy commodities, falling below $39 a barrel. An industry report denoted a bigger-than-expected increase in U.S. crude stockpiles. Supply disruptions were offset from Tropical Storm Zeta. In commodity news last week, the American Petroleum Institute reported crude inventories expanded by 4.58 million barrels. Gasoline stockpiles rose for a second straight week. Moreover, …
American communications technology company made an important on October 26. According to Zoom Videos Communications, its new end-to-end encryption (E2EE) is now available to users around the world. People who use Zoom free of charge, as well as paid users, have the opportunity to use E2EE for meetings with up to 200 participants. It is …
Zoom Videos Communications Launched End-to-End Encryption Read More »
HSBC is one of the most famous banks in Europe and other parts of the world. It was a positive day for Hong Kong-listed shares of HSBC. However, before discussing the third-quarter results of this famous bank, let’s have a look at stocks in Asia-Pacific. It is worth noting that, stocks in Asia-Pacific were mixed …
Hong Kong-listed shares of HSBC Jumped More Than 4% Read More »
Governments across the world are working round the clock to curb the spread of the coronavirus pandemic. Unfortunately, it is not an easy task as the pandemic is far from being over. It could take several months to stabilize the situation. Less than two weeks ago, the capital city of the U.K. made the decision …
Social Distancing and its Impact on the Global Economy Read More »
Oil prices rose on Tuesday after recent sharp losses in energy commodities. Market sentiment remains muted with coronavirus cases surging globally hurting the outlook for crude demand while supply is rising. By 0751 GMT Brent crude (LCOc1) was up 33 cents, or 0.8%, at $40.79 a barrel. Moreover, U.S. oil (CLc1) gained 28 cents, or …
Oil Up, but Outlook Dim over Rise in Virus Cases and Supply Read More »
The dollar was down on Tuesday morning in forex exchange as tensions between the U.S. and China rose. These concerns, coupled with worries over the COVID-19 resurgence drove the steepest stocks selloff in a month and a bond rally. By 10:31 AM ET (2:31 AM GMT), the U.S. Dollar Index edged down 0.11% to 92.942. …
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