United Airlines is a major American airline, which operates a large domestic and international route network. However, the coronavirus pandemic created a lot of problems for the industry. On Wednesday, United Airlines posted a worse-than-expected third-quarter loss. It is not surprising as the coronavirus pandemic continued to affect air travel demand. Let’s have a look …
United Airlines, Coronavirus, and Third-Quarter Results Read More »
Virgin Orbit is part of the Virgin Group. This company plans to provide launch services for small satellites. Unfortunately, the first demonstration launch which took place in May was not successful. Hopefully, the Virgin Orbit aims to launch its demonstration mission in December. Let’s have a look at the first launch to learn more about …
Virgin Orbit Aims to Launch its Next Demo Mission Read More »
The World Trade Organization (WTO) made an important decision. The WTO has ruled that the European Union can impose around $4 billion in tariffs on U.S. goods, including aircraft and ketchup. It is worth mentioning that, the decision from WTO is the latest in a long-running dispute, regarding the subsidies to Boeing and Airbus. As …
World Trade Organization Ruled in Favor of European Union Read More »
Japan aims to set-up a commercial hydrogen fuel supply chain by around 2030. The objective is to support reducing carbon emissions, said Industry Minister Hiroshi Kajiyama during a virtual hydrogen conference late Wednesday. The country will try to speed up technological developments. This is to help scale up a transportation system for hydrogen using ships …
Japan to Make Commercial Hydrogen Fuel Supply Chain by 2030 Read More »
\The dollar and yen drew support in the forex market on Thursday. Rising coronavirus cases and minimal progress towards a U.S. stimulus deal unsettled investors. The Australian dollar hit a one-week low after the central bank chief hinted at a possible easing. France has imposed curfews as autumn brings a sharp increase in daily COVID …
USD Up on Fading Stimulus Hopes, AUD Slips on Easing Hints Read More »
People across the U.S. heard about the JPMorgan Chase. Interestingly, JPMorgan Chase posted a third-quarter profit of $9.44 billion or $2.99 per share. Moreover, the firm generated revenue of $29.94 billion and this result surpassed expectations. Interestingly, JPMorgan Chase is the bank by assets. Importantly, rather than building loan-loss reserves as it had done in …
China’s coking and thermal coal markets are set to tighten over the rest of 2020. Stringent import restrictions curb supply at a time of strong demand from heavy industry. Moreover, with the winter heating season about to kick in. China is the world’s top coal consumer. Last week, it reportedly informed key buyers to avoid …
China Coal Supplies to Tighten this Winter | Wibest Broker Read More »
On Tuesday, the International Monetary Fund (IMF) changed its global gross domestic product (GDP) forecast. Hopefully, the IMF turned slightly positive on the global economy for this year. According to the updated forecast, the IMF expects the global economy to contract by 4.4% in 2020. As a reminder, several months ago in June, the fund …
International Monetary Fund and its Global GDP Forecast Read More »
China is pushing through with a dollar bond sale amid uncertainties over U.S. elections and tensions with Washington. It is again looking to sell dollar notes with three, five, 10 and 30-year maturities. A number of the shorter-dated bonds have lower premiums than in 2019. That was during the initial marketing phase of China’s last …
China Presses on with $6B Dollar Debt Sale | Wibest Broker Read More »
The aviation industry suffered losses due to the coronavirus pandemic, as for several months international air travel all but disappeared in most countries. This week, Delta Air Lines posted another multibillion-dollar net loss after the coronavirus pandemic affected what is usually a peak summer travel period. Hopefully, travelers not only in the U.S. but in …
Delta Lost Billions of Dollars in the Third Quarter Read More »
People all over the world are waiting to see new iPhones. The tech giant, Apple, is expected to release its first iPhone models that support 5G networks. Importantly, new iPhones will be able to use faster new-generation networks from Verizon, T-Mobile, AT&T. As a result, customers will spend less time downloading movies, etc. However, everything …
Countries in different parts of the world suffered heavy losses due to the coronavirus pandemic. Unfortunately, the pandemic is far from being over. Moreover, nobody knows for sure how long it would take to cope with the pandemic. Interestingly, the world’s second-largest economy reported trade data in September. It makes sense as most business activities …
World’s Second Largest Economy and Strong Trade Data Read More »
Gold was down on Tuesday morning in Asia’s precious metals as the dollar gained strength. A swift rise in U.S. tech stocks also took investors’ attention away from the precious metal. Gold futures fell 0.65% at $1,916.35 by 12:41 AM ET (4:41 AM GMT) The yellow metal fell in Asia’s morning trade after a flat …
Gold Down as Dollar, U.S. Tech Stocks Up | Wibest Broker Read More »
The dollar rose on Tuesday morning in Asia’s forex exchange, despite edging closer to three-week lows. Some investors continue to hold onto hopes of large U.S. stimulus measures. They expect to prop up the COVID-19 ravaged economy after the presidential election on Nov. 3. Nikko Securities chief currency and foreign bond strategist Makoto Noji said …
Dollar Rises Despite Optimism on US Stimulus | Wibest Broker Read More »
The coronavirus pandemic continues to continue to dominate the headlines, but there are other issues as well. Interestingly, stocks in Asia-Pacific mostly advanced on October 12, with investors monitoring the currency of the world’s second-largest economy. Importantly, mainland Chinese stocks were among the biggest gainers in the region. For example, Shanghai Composite added 2.64% to …
Stocks in Asia-Pacific, Investors, and Chinese Yuan Read More »
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