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. …
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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 »
The Hong-Kong based cryptocurrency exchange Bitfinex enabled crypto purchases with debit and credit cards for its customers around the world. It followed the footsteps of other crypto exchanges such as Binance, which is one of the main players in this industry. Bitfinex released a statement regarding this news. According to the statement, customers will be …
The Thai baht steadies the US dollar this Monday thanks to the drop in the country’s export reported yesterday. The currency is pushing its luck to end the year with substantial gains against the greenback in sessions. The USD THB exchange rate flatlined and only slipped by 0.02% or 0.005 points in today’s trading. However, …
Thai Baht Steadies Against the Buck as Exports Drop Read More »
China has the second-largest economy in the world. According to its plan, its GDP, as well as the income, should double in a decade. As a result, China would cement its reputation for global economic power. To achieve this goal, China’s economy must grow by more than 6% in 2020. If this is going to …
China’s plan to become the world-largest economy Read More »
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