The Euro pulled back after surging forward to a 19-week high of $1.1467 on Monday. EU summit chairman, Charles Michel, stated that a recovery fund to revive economies hit by the coronavirus pandemic could contain 390 billion euros in grants. This news caused the Euro’s rally. After three days of discussions, EU leaders have made …
The Euro rallied as EU discussed new Covid-19 recovery fund Read More »
The world’s third-largest economy is struggling to cope with the economic impact of the coronavirus pandemic. Unfortunately, Japan’s exports dropped at a double-digit pace for the fourth month in a row in June. Moreover, the country fell into recession for the first time in 4-1/2 years in the first quarter of 2020. Also, Japan is …
Japan’s Exports Fell for the Fourth Month in a Row Read More »
Azerbaijani officials warned that an escalating military clash between the country with rival neighbor Armenia could interrupt oil and gas flows from the Caucasus region to Western European markets. Deadly fighting broke out last week, near the contested enclave of Nagorno-Karabakh. The region is the strategic point of Azerbaijan’s and Turkey’s energy economy. It is …
Azerbaijan-Armenia conflict sparks fear of oil and gas flow Read More »
About 8 Twitter profiles had their private direct messages downloaded during the biggest hack in the firm’s history to date. Accounts taken to hold a Bitcoin-related attack included those from President Barack Obama, Tesla CEO Elon Musk, and Kanye West. Other famous victims included presidential candidate Joe Biden, Amazon CEO Jeff Bezos, and Apple. The …
Largest Twitter Hack in History Steals 8 Profiles’ DMs Read More »
The euro remained mostly steady at $1.1386 on Friday. However, it edged up against the British pound at 90.62 pence. The euro increased due to the hopes that European officials would agree on fiscal stimulus measures at a new meeting. On the other hand, the Sterling changed insignificantly at $1.2569. Meanwhile, the U.S. dollar traded …
Euro and Sterling were mostly steady while Dollar gained Read More »
Last week was full of challenges for the stocks across Asia-Pacific. As a reminder, stocks fell on July 16. Nevertheless, on Friday, stocks mostly saw gains despite U.S.-China tensions. Mainland Chinese stocks strengthened their positions on July 17. The Shanghai Composite gained 0.13% to about 3,214.13. In the meantime, the Shenzhen Component gained 0.913% to …
U.S.-China Relations, Stocks, and Investor Sentiment Read More »
Stocks in the Asia Pacific fell on Thursday. However, on the next day stocks mostly saw gains despite U.S.-China tensions. Let’s have a look at the stocks. As stated above, stocks in Asia including Chinese stocks fell on July 16. However, mainland Chinese stocks saw gains on Friday. For example, the Shanghai Composite gained 0.13% …
The U.S. dollar held onto gains against most currencies on Friday. Traders are worrying that a surge in the coronavirus is starting to curb economic activity. Negative sentiment drew safe-haven flows into the U.S. currency. The euro also soared due to the hopes that European officials will agree on fiscal stimulus measures at a new …
U.S. dollar rallied against Yen, Sterling and Swiss franc Read More »
The US Federal Bureau of Investigation (FBI) has opened an investigation into Wednesday’s unprecedented Twitter attack. It has resulted in numerous takeovers of high-profile accounts belonging to politicians, business leaders, and corporations, according to reports. The investigation is concerned that the coordinated attack and the vulnerabilities it exposed in Twitter’s systems may pose serious security …
The FBI Opens Investigation to Probe Twitter Attack Read More »
Airlines around the world are struggling to cope with the economic impact of the coronavirus pandemic. For several months, even the busiest airport suffered losses due to restrictions imposed by governments. Moreover, many people are not willing to fly, as they are trying to avoid crowded places. It is hard to blame them, as coronavirus …
American Airlines and JetBlue Formed a Partnership Read More »
Iraq is cutting oil sales to some refineries in Asia and Europe. This is along with its commitments under the OPEC Plus agreement on production cuts. The Iraqi state oil company, SOMO, is responsible for marketing Iraq’s oil. It has informed at least six customers in Asia that their request for oil supply next month …
The Euro declined by 0.1% to $1.1401 on Thursday. The ECB left monetary policy was unchanged at its last meeting. The central bank has taken unprecedented measures over the past four months to help the economy fighting pandemic effects. However, the Euro shrugged off the outcome of the last European Central Bank meeting, remaining mostly …
The Euro and the British Pound ended in the red on Thursday Read More »
It has been a historical day for china’s biggest chipmaker SMIC. Let’s have a look at this historical event. Its shares soared nearly 202% on its first day of trade in Shanghai. The shares sale is an important moment not only for the company but for the domestic semiconductor industry in general. Moreover, the trade …
The dollar soared by 0.2% to 107.10 against the safe-haven Japanese yen on Thursday. The greenback strengthened as traders focused on poor Chinese retail sales instead of its stronger than expected economic growth in the past quarter. However, the focus is now shifting more to the European Union summit this weekend. On Thursday, the euro …
U.S. dollar strengthened while other currencies declined Read More »
It was a difficult day for the stocks in the Asia Pacific, investors reacted to the information about the economic data than came from China. Importantly, mainland Chinese stocks led losses among the region’s main markets. The Shanghai Composite fell 4.5% to about 3,210.10. At the same time, the Shenzhen Component dropped 5.372% to end …
China’s Biggest Chipmaker SMIC and its First Day of Trade Read More »
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