US legislators are proposing to allocate $1 billion in subsidies to rip and replace Huawei gear in wireless networks. The word “replace” pricked ears up – Nokia and Ericsson raced to center stage to present their own 5G alternatives. The Senate Commerce Committee’s hearing called 5G supply chain security invited executives from Nokia and Ericsson. …
Nokia and Ericsson Compete to Replace Huawei’s 5G Read More »
DOJ Arrests Huawei CFO for Trade Theft Two years after Huawei’s Chief Financial Officer Meng Wanzhou was arrested for spying on American intelligence, she got caught again. This adds 16 counts of conspiracy and racketeering charges against her. The DOJ accuses the company of almost 20 years of efforts to steal intellectual property from US …
DOJ Arrests Huawei CFO for Trade Theft | Wibest Broker Read More »
As the worrying but unconfirmed threat of the power of 5G circulates the world, Huawei remains on top. The United Kingdom granted the controversial company a limited role in Britain’s 5G network. The firm is prohibited from supplying core parts of their kits to the UK. It will also have a limited periphery in the …
The United Kingdom on Huawei So Far | Wibest Broker Read More »
After the Pentagon and the Treasury Department opposed to restricting trade with Huawei, the US Department of Commerce pulls out. Pentagon officials sided with US businesses that didn’t want to regulate US products to Huawei. They claim that pursuing the law will encourage the company to rely less on the country’s products. The equipment giant …
Senator Tom Cotton, a US lawmaker, just introduced a bill to prohibit sharing intelligence to countries that use Huawei. The White House’s concerns against the tech giant lead them to place it on a trade blacklist. Cotton told the country’s allies to consider the consequences of sharing valuable information to a Chinese “intelligence-gathering arm.” One …
The Japanese yen exchange rate is in deep waters this 2020 as the US and China settle the trade agreement. It’s as if the trade war saga is a Marvel franchise wherein it has phases and climaxes. US and Asian stocks are rallying thanks to trade war hopes, but that’s not the case for safe-haven …
Yen Exchange Rate May Be in Trouble in 2020 | Wibest Read More »
The safe-haven asset from the land of the rising sun steals the spotlight after the BOJ governor gave his speech. The Japanese yen exchange rate dips this Thursday’s trading sessions as trade war prospects get clearer. Aside from trade war optimism, the improving sentiment around the global economic growth is also pushing the yen lower. …
Japanese Yen Exchange Rate in Focus After Christmas Read More »
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 »
India’s rupees steady in today’s trading after the country’s central caught the market by surprise. The INR mostly traded flat against other currencies, but it also fell against the pound and gained against the Aussie. No rate cuts were announced from the Reserve Bank of India in its final meeting of the year. Traders were …
India’s Rupees Steady After RBI’s Surprising Decision Today Read More »
Last week, traders were left confused as the Japan yen recorded different results in forex sessions. Last week Friday was also the day when the Bank of Japan governor gave a dovish remark, triggering speculations of future easing. The Japan yen contract rallied 0.32%, or 0.000029 points, last week. Meanwhile, the yen failed to gain …
Japan Yen Sees Different Direction Last Week | Wibest Read More »
The Japan yen holds steady against the greenback after the Bank of Japan governor gave his speech earlier. According to Governor Haruhiko Kuroda, the bank sees ample room to cut its base rate in the future. The USD JPY exchange rate nearly flatlined as it only manages to inch up 0.06% or 0.06 points this …
Japan Yen Steadies After Kuroda’s Speech this Friday Read More »
Hyundai Oilbank is looking to improve its sales in the vessel fuel oil and petroleum department with its new innovations. The South Korean oil company introduced a very low sulfur fuel, or VLSFO, product soon. The company announced the new product on Thursday, November 28. Hyundai’s decision caters to the demand for cleaner energy sources …
Hyundai Oilbank Aims to Boost Sales with VLSFO | Wibest Read More »
With the Lunar New Year fast approaching, the Vietnamese government acts to fill the void left by the infected pigs. Of course, the Vietnamese people would not want to miss their favorite pork delicacies during the holidays. After the virus ravaged through the Asian market, the local pork jelly and braised pork served during holidays …
Vietnam Purchases More Pigs Before the Holidays | Wibest Read More »
The shortage in pigs supply could send the prices of ham higher this holiday season. According to experts, Christmas hams could soar up as high as 60% next month. This is due to the shortage of pork supplies in the market, thanks to the swine fever outbreak. The affected herd of pigs across Asia and …
Infected Pigs May Lead to High Ham Prices on Holidays Read More »
This week, the Monetary Authority of Singapore stole headlines in the Asian forex market for its plans in the sector. The Singaporean central bank announced a series of plans that involve partnerships and billions of dollars. But amidst all this, traders ask what the central bank’s next move will be. Well, before October ended, the …
What’s the Next Move of The Monetary Authority of Singapore? Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
