It was a turbulent day for the stocks in the Asia Pacific. White House trade advisor Peter Navarro clarified his position. According to Navarro, the U.S.-China trade deal is not over. His comment helped to boost stocks. Let’s have a look at stocks. Interestingly, Hong Kong’s Hang Seng index leg gains among the region’s major …
Stocks in Asia, White House Trade Advisor, and Trade Deal Read More »
Wirecard is no stranger to scandals. However, the latest scandal created additional problems for the German digital payments company. However, there was a time when this company was one of the most promising tech firms in Europe. Wirecard processes payments for consumers and businesses and it sells data analytics services. Importantly, it has nearly 6,000 …
Once-Thriving Company Wirecard and Latest Scandal Read More »
German digital payments company Wirecard made an interesting announcement on Monday. The tech firm said that missing $2.1 billion its auditors were unable to locate probably never existed. This announcement highlighted the severity of the problem. Interestingly, shares in Wirecard dropped in early trading on Monday. Moreover, the stock lost more than 85% over three …
Digital Payments Company Wirecard and Financial Problems Read More »
It was a positive day for stocks in Asia. Mainland Chinese stocks strengthened their positions on June 19. For example, the Shanghai Composite gained 0.96% to around 2,967.63. In the meantime, the Shenzhen Component advanced 1.51% to about 11,668.13. Hong Kong’s Hang Seng index also saw gains on the day. Moreover, Japan’s Nikkei 225 added …
Stocks in Asia, Investor Sentiment and Various Factors Read More »
Governments around the world are working hard to minimize the damage caused by coronavirus pandemic. However, coronavirus continues to dominate the headlines. It is not surprising as companies, as well as individuals, are struggling to survive due to the coronavirus crisis. Hopefully, governments will start to remove the restrictions. Nevertheless, it will take to get …
Stocks in Asia, Investors, and the Ongoing Situation Read More »
Tensions on the border between China and India, as well as North Korea’s decision to destroy a liaison office, are some of the most important accidents that took place this week. Moreover, the forthcoming June World Economic Outlook Update is expected to surpass the previous data. Despite all challenges, stocks were mostly higher on June …
This week there was no shortage of important information. On Tuesday, Chief Economist of the International Monetary Fund Gita Gopinath said that the forthcoming June World Economic Outlook Update is expected to show negative growth rates even higher than previously estimated. Nevertheless, stocks were mostly higher on Wednesday. Mainland Chinese stocks saw gains on the …
Recent announcements by the central banks of Australia, Japan, as well as the U.S. helped to boost stocks. Let’s have a look at the announcements. For example, based on the information provided by the Reserve Bank of Australia, the board underlined the importance of fiscal and monetary policy in the country. Moreover, those measures helped …
Central banks are working hard to cope with the problems associated with coronavirus pandemic. Stocks in Asia strengthened their positions as investors reacted to recent announcements by central banks. Japanese stocks saw gains on the day. The Nikkei 225 jumped 4.88% to close at 22,582.21 as shares of robot maker Fanuc soared 6.74%. At the …
The coronavirus pandemic is a major challenge for the stocks. Recently, authorities in China decided to isolate certain parts of the district located in Beijing. Furthermore, the capital banned tourism after a cluster of coronavirus infections centered around a wholesale market located in the capital sparked fears of a new wave of coronavirus. Importantly, 45 …
Stocks in Asia and New Cases of the Coronavirus Pandemic Read More »
The coronavirus pandemic continues to affect the stocks around the world. Stocks in Asia fell on June 15, as investors analyzed the situation regarding the potential impact of recent spikes in coronavirus cases. For example, in Japan, the Nikkei 225 dropped 3.47% to close at 21,530.95. At the same time, the Topix index dropped 2.54% …
Stocks Fell Due to Recent Spikes in Coronavirus Cases Read More »
Tesla is one of the most famous automakers in the world. However, Tesla is not the only successful company that bears the name of inventor Nikola Tesla. Another one is Nikola Corporation. Interestingly, as in the case of Tesla, Nikola Corporation also makes battery-electric trucks. Moreover, it also makes hydrogen-electric trucks. Notably, shares of Nikola …
How Nikola Corporation Surpassed World-Famous Automaker Ford Read More »
This week, the U.S. Federal Reserve made the decision, not to change interest rates. Every decision made by this organization has the potential to affect stocks around the world. That’s exactly what happened on Thursday. It makes sense as investors are closely monitoring the situation and even a minor decision could affect investor sentiment. Importantly, …
Federal Reserve Decided to Keep the Interest Rates Read More »
It was a tough day for the stocks in the Asia Pacific. One day earlier, the U.S. Federal Reserve indicated that it plans to keep the interest rates near zero through 2022. This news affected the stocks. Interestingly, shares in Australia were among the biggest losers regionally with S&P/ASX 200 dropping 3.05% to close at …
Federal Reserve, Stocks in Asia and U.S. Economy Read More »
Starbucks expects to lose as much as $3.2 billion in revenue due to the coronavirus pandemic, in its fiscal third quarter. It is worth mentioning that, Starbucks decided to withdraw its prior outlook in April. Importantly, the company expects a net loss per share of 64 cents to 79 cents. Based on the information provided …
Starbucks, Coronavirus Pandemic and Plans for the Future Read More »
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