TECHNOLOGY ARTICLES – In a move to further expand into the hotel-booking venture to appeal to a wider-variety of travelers, Airbnb has just bought HotelTonight, a hotel-seeking app. This comes ahead of the much-anticipated initial public offering of the home-renting firm. The deal was announced on Thursday, although the company didn’t provide the terms of …
Technology Articles: Airbnb Purchases HotelTonight Read More »
CURRENCY PAIRS – The dollar climbed up to a near-record-high against other majors early on Wednesday thanks to higher US yields and estimate-topping data. The Aussie, on the other hand, plummeted after lackluster economic growth data for the previous quarter. The dollar rose steeply after the unexpectedly positive data on US services industries were released …
BRENT – Brent crude futures slipped on Tuesday as the markets prepared for low demand growth for fuel, with the OPEC-led cuts on production still managing to buoy the market. Brent crude futures traded at $65.36 per barrel in the session, 0.5 percent down from the last session, losing 31 cents. Meanwhile, Us West Texas …
Brent: Oil Prices Slump on Lackluster Demand Outlook Read More »
CURRENCY PAIRS – Hopes over an imminent trade deal between the United States and China that could potentially end a year-long tit-for-tat tariff dispute pushed the yuan and the Australian dollar higher on Monday. Behind such optimism was a report by a reputable news source on Sunday stating that the two countries are nearing a …
Currency Pairs: Yuan, Aussie Rise on Trade Hopes Read More »
ASIAN MARKET – Asian stocks were higher on Friday after index publisher MSCI announcement which said it would increase the weighting of Chinese mainland shares in its benchmarks that measure stock performances globally. Meanwhile, the dollar benefited from robust economic data. The MSCI index said that it would increase four times the weightings of China’s …
Asian Market: Stocks Higher after MSCI Announcement Read More »
European industry leaders and policy chiefs are brushing off calls for a ban on Chinese vendors over data privacy and network security concerns, saying ‘facts not fears’ should guide the decision over the future of telecom networks in Europe. The US has repeatedly alleged that Chinese telecoms giant Huawei Technologies has been spying for Beijing …
Data Privacy: ‘Facts not Fears’ on Security, says Europe Read More »
ASIAN MARKET – Asian stocks experienced a China-led rise on Monday after US President Donald Trump announced that he would delay planned hikes in tariffs on Chinese imports. Negotiations between the two economic superpowers have made “substantial progress,” Trump said. Last Sunday, Trump tweeted announced that he would delay the scheduled tariff hikes supposed to …
Asian Market: China Stocks Rise after Trump Tariff Delay Read More »
According to the latest research, China’s Huawei gains more share of the smartphone market against Samsung and Apple. Consumers turn to Huawei phones since Samsung and Apple’s premium models are with high price. A tech research firm – Gartner release a market data report on Thursday. The report reveals Huawei shares on smartphone market increases …
Huawei gains more against Samsung & Apple’s market as price difference matters Read More »
The dollar struggles on facing its peers today, falling before the Federal Reserve’s (Feds) policy minute talk. However, it manages to gain on the yen when strong investor risk desires to rim the demand of the Japanese money. That makes the U.S. dollar up by 0.2 percent at about 110.83 yen. As the safe-haven currency …
Forex Markets: Dollar grapples ahead Fed minutes while gaining in Yen Read More »
The U.S.-China trade talks are near its ending. Signals point towards a done deal, with China to continue a large run on trade surpluses with the United States. Additionally, it will never affirm Washington’s imposing reforms for its trade industry. The government of China negotiators is firmly tough. For instance, China and Russia arriving on …
Biggest Economies: US-China Trade Deal Resolution is Near Read More »
Traders and investors to expect “best” profit from Asian stocks as negative views subside in the first half of 2019. Mixo Das, Asia equity strategist at J.P. Morgan says, “We’re expecting more upside in the first half … I think the best part of the returns you’ll have in Asian equities will be in the …
Due to concerns over the apparent economic slowdown, and in spite of the supply cuts by oil cartel OPEC and US sanctions toward Venezuela, oil markets plummeted on Friday. US West Texas Intermediate (WTI) crude futures stood at $52.20 per barrel. This was 44 cents lower than the previous close, or 0.8 percent. Last session, …
Oil Prices Slump of Economic and Political Risks Read More »
Japan’s household spending increased slightly and higher bonus payments lifted wages in December, though the underlying trends in these two metrics exhibited only modest improvement and pointed to a difficult year for the economy as risk to growth increases. Recent controversies about faulty polling methods were used to compile monthly wage data have also cast …
Novartis AG prescription drug prices have been “flat to negative” over the last three years because of high costs for US patients on middlemen tasked to manage drug benefits, according to the company’s chief executive Vas Narasimhan. During an interview, the 42-year-old US doctor who has led the Swiss drugmaker since February 2018 expressed his …
The euro slipped to a new two-week low against the dollar during the early trading in Europe, with traders expecting more pessimism over the global economic outlook. German industrial output data have already set the tone, showing a drop of 0.4 percent in December instead of the 0.7 percent rise that has been predicted. Meanwhile, …
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