It is a well-known fact that Bitcoin is the biggest cryptocurrency in terms of market capitalization. On December 24, Bitcoin was unable to strengthen its position as the price declined below the $7,700 resistance area. Moreover, the price traded below the $7,400 and $7,300 support level. Bitcoin’s price struggle to stay above the $7,260 support …
South African energy giant Eskom is the biggest upset to the country’s emerging market this 2019. It made an impact on its currency – the South African rand – and to the country’s economy. So, how did this energy-producing company give a headache to the South African government? Eskom is a public electricity utility company …
Eskom Made South Africa’s Emerging Market 2019’s Worst Read More »
International Monetary Fund (IMF) released its annual review of India’s economy. India has one of the largest economies in the world. This annual review helps to learn more about India and its economy. According to the IMF, India’s government should work harder to reverse the economic slowdown. It is worth mentioning that India’s economy is …
For the last two days, investors digested the information connected with China and its economy. Recently, China decided to reduce import tariffs on a wide range of products. According to Chinese officials from 2020, it will lower import tariffs on more than 850 products. However, this news proved insufficient to boost the mainland Chinese stocks …
Several days ago, Canadian multinational media conglomerate Thomson Reuters formed a partnership with Verady. On December 19, it made an announcement which will please crypto owners as well as their accountants. According to this statement, Thomson Reuters plans to create the new cryptocurrency tax tool in cooperation with Verady. As a reminder, this company specializes …
Thomson Reuters, which is the multinational media conglomerate, made an announcement several days ago. On December 19, Reuters announced that it plans to create the new cryptocurrency tax tool in cooperation with Verady. This company specializes in the accounting and reporting of cryptocurrencies and blockchain assets. As a result, Thomson Reuters GoSystem Tax RS product …
On Tuesday, stocks were mixed in Asia ahead of the Christmas holiday. Mainland Chinese stocks strengthened their positions after experiencing problems on Monday. The Shanghai Composite gained 0.67% to about 2,982.68. Meanwhile, the Shenzhen component added 1.32% to 10,189.29. Moreover, the Shenzhen composite increased by 1.381% to approximately 1,690.74. In Hong Kong, the Hang Seng …
Iran and Saudi Arabia have been long-time rivals. And this year, things just got more complicated. The Iran-Saudi Arabi Proxy Conflict or Iran-Saudi Arabia cold war, as they call it, started when the Iranian Revolution flared up in 1979. On the other side, Saudi Arabia is building up its leadership in the Muslim world by …
The Clash of Middle Eastern Titans: Iran and Saudi Arabia Read More »
Economy: Boeing ousted CEO Dennis Muilenburg On Monday, the most significant manufacturing exporter decided to replace CEO Dennis Muilenburg. Boeing which is one of the symbols of the U.S. economy is struggling to regain the trust of regulators, customers, and the public. Two fatal incidents created many problems for the world-famous company. This decision comes …
This year has been a very rough ride for the pound sterling, from the UK Parliament’s Prorogation to the recent election earlier this month. The currency has seen major surges and steep dives this 2019. The pound sterling has also made it to every headline, stirring the spotlight in the forex market. And as the …
What’s Happening to the Pound Sterling? | Wibest Broker Read More »
American financial writer Jeff Siegel recognized the power of the American dollar in an essay earlier this year. He claimed it’s the foundation of its superpower status, and once it’s devalued, the US can lose “everything.” As the now-impeached President Donald Trump abused the USA’s capabilities, more people are beginning to realize the country has. …
Prominent Abuse on the American Dollar | Wibest Broker Read More »
Two days before Christmas, U.S. stock futures had a good day. Thanks to positive news connected with a trade deal between the U.S. and China. Recently, China’s government agreed to lower tariffs for all trading partners on more than 859 types of products. According to the information released by China’s Finance Ministry. Moreover, the lowered …
Crypto-related companies are evolving around the globe. There are many cryptocurrency exchanges as well as crypto mining and other companies. Nevertheless, banks are still skeptical about crypto-related business activities. Moreover, several financial institutions already issued statements regarding crypto purchases. The clients of these banks won’t be able to purchase digital assets using credit or debit cards. …
Crypto-related companies and financial institutions Read More »
On Monday morning, futures for the Dow Jones Industrial Average increased by 62 points or 0.2% to 28,546. Meanwhile, the S&P 500 index gained 7.80 points or 0.2% to 3,233.50. Another major stock index, which is the Nasdaq Composite rose 31.25 points to 8,741.75. Dow futures continue to strengthen its positions for a third week …
Technology companies in China, especially Huawei and TikTok parent company ByteDance, are under the most pressure between the US-China tensions. 143 Chinese companies are under an American blacklist for surveillance allegations and confirmed breaches. In recent news, the Italian industry minister Stefano Patuanelli said the largest telecom provider should still be allowed in Italy. He …
Chinese Tech Brands Under Security Scrutiny | Wibest Broker Read More »
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