The dollar edged higher in early European forex trade on Thursday. Traders cautiously studied the ongoing negotiations in Washington over a potential new U.S. stimulus package. The Dollar Index was up 0.1% at 92.713 at 2:55 AM ET (0655 GMT). It slightly rebounded after falling to its lowest level since Sept. 2 overnight. Elsewhere in …
Cathay Pacific is the flag carrier of Hong Kong, as well as one of the founding members of the Oneworld Alliance. Interestingly, shares of Cathay Pacific jumped 2.27% on October 21, after the company made an important announcement. Hong Kong’s flag carrier made the decision to close its subsidiary Cathay Dragon. The airline used to …
The Turkish lira sees its strongest form in two weeks as investors wait for the central bank’s decision. The TRY forces the USD slightly lower in the trading sessions this Wednesday, allowing bears to take a breather. However, the newfound strength of the lira still wasn’t enough to take down the bloc’s single currency. The …
Turkish Lira Stands Stronger Ahead of Central Bank Decision Read More »
On October 20, the tech giant added Windows app support to Chromebooks. Interestingly, Google cooperated with a software company called Parallels to fulfill this goal. It is worth mentioning that, Chrome OS is a Gentoo Linux-based operating system designed by Google. Importantly, Chrome OS will now boot a full version of Windows inside a virtual …
Following the crude inventory build-up reported in the United States, oil and petroleum prices see bearish tides this Wednesday. Investors are acting cautiously as they fear the global supply glut that could be worsened soon. See, the number of coronavirus cases around the world continues to rise. Experts believe that the globe is facing another …
Oil and Petroleum Prices Slip After US Oil Inventory Report Read More »
Countries across the world have to deal with numerous challenges created by the coronavirus pandemic. Moreover, in the case of developing countries, it is even harder to solve all problems. Interestingly, the International Monetary Fund (IMF) downgraded its outlook for the Middle East and Central Asian economic recovery, projecting a 4.1% contraction for the region …
The discussions regarding the role of tech giants in the modern world started a long time ago. Importantly, the Trump administration will expectedly sue Google on Tuesday. This is the largest antitrust case against a tech company in more than twenty years. It is worth noting that, the Justice Department is expected to make allegations …
Department of Justice, Google, and Largest Antitrust Case Read More »
There are numerous factors that have the potential to influence stocks and the list is quite impressive. Importantly, stocks in major Asia-Pacific markets were mixed, and let’s have a look at the factor. People should take into account that, Investors reacted to the October fixing of China’s benchmark lending rate. It is worth noting that, …
China’s Benchmark Lending rate and Stocks on October 20 Read More »
Airlines in Europe and elsewhere are trying to adapt to the new reality. It is not an easy task as it won’t be easy to return to the pre-coronavirus period. Moreover, the coronavirus pandemic continues to affect the industry, and countries in Europe are trying to cope with the second wave of coronavirus pandemic. Furthermore, …
Oil prices were steady on Tuesday in energy commodities. It stabilized after three days of declines over concerns that a resurgence of coronavirus is stifling a recovery in fuel demand. Growing output from Libya adds to plentiful supply. By 0635 GMT, Brent crude (LCOc1) futures were trading down 4 cents, or 0.1%, at $42.58 a …
Oil Prices Steady but Rising Virus Cases, Oil Supply Weigh Read More »
The dollar was up on Tuesday morning in Asia’s forex exchange. Doubts over the status of the latest U.S. stimulus measures continue. Against the dollar, the Chinese yuan continued near a two-year high. Signs of economic recovery continue in China. By 10:09 PM ET (2:09 AM GMT), the U.S. Dollar Index inched up 0.05% to …
Dollar Gains Approaching Pelosi Stimulus Deadline Read More »
The world’s second-largest economy is recovering as can be seen from the data released by the China National Bureau of Statistics. Interestingly, stocks in Asia-Pacific were mixed on October 19, as investors reacted to the release of the country’s GDP data. Let’s have a look at stocks across Asia-Pacific to learn more about the situation. …
Investors Reacted to the Release of China’s GDP Data Read More »
Companies are willing to offer new opportunities to their customers as they want to strengthen their positions in the market. Interestingly, the National Aeronautics and Space Administration (NASA) is a well-known independent agency. This agency is responsible for the civilian space program, aeronautics, as well as space research. It is worth mentioning that, NASA is …
The coronavirus pandemic and its impact on the economy is huge, and the pandemic continues to dominate the headlines. Importantly, the pandemic had a dramatic impact on Europe’s economy. Unfortunately, the coronavirus pandemic is far from being over. Moreover, a resurgence of cases once more underlines the severity of the problems. Governments are working hard …
How Governments are Trying to Deal with the Second Wave Read More »
Oil prices fell on Monday in energy commodities after the release of China’s Q3 economic growth data. It highlighted concerns that surging COVID-19 cases globally are impacting demand in the world’s largest oil importer. The world’s second-largest economy expanded by 4.9% in Q3 from a year earlier. It has missed analyst expectations of 5.2%, as …
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