Three Chinese telecoms announced their upcoming launch for 5G mobile phone services on Thursday. The companies are set to roll out the service on Friday. The said 5G plans will start from as low as ¥128 a month. China Mobile, China Telecom, and China Unicorn said they plan to install over 50,000 5G base stations …
Shares in Finnish telecommunications group Nokia Corp. were down to its lowest since 1991 on Thursday. This was after the company pared full-year earnings guidance for 2019 and 2020. Despite meeting profit forecasts in the third quarter, as it faced strong competition in the 5G network industry. The firm now expects this year’s adjusted earnings …
The trade war between the U.S. and China started a year ago. However, the first signs of the trade war started earlier as discontent was growing for years. The current U.S. President Donald Trump was not happy with U.S.-China relations even before he became the president. His opinion was that China was mistreating the U.S. …
As one of the largest telecommunications equipment providers in the world, Chinese company Huawei inevitably impacts the Asian market. Many can claim the company started the US-China trade war in the first place. Their next conflicts lead to the 15-month long trade war and bled into other trades like agriculture and intellectual properties. FBI Director …
Samsung Electronics shares jumped after it announced guidance on operating income. Its shares gained around 1.7% in yesterday’s sessions in Seoul on Tuesday. The company also issued a warning that its operating income probably plummeted 56% in the third quarter. Such a decline was due to the dull demand for memory chips. On the other …
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As tension rises between America and China, Finland President Niinistӧ announces his country’s efforts to create cellular technology on par with Huawei. Both countries are said to advocate secure networks and supply chains free from foreign governments’ control. The happiest country in the world wishes to promote Nokia as their main source of 5G. Niinistӧ …
On Wednesday, a China telecommunications giant, Huawei Technologies, anticipates the unveiling of next generation 5G wireless networks. According to the company’s deputy chairman, this is to start contributing to the firm’s revenue for next year when China launches services. Meanwhile, the Chinese telecom equipment giant guaranteed the 5G commercial contracts. To count, the contracts …
Samsung Electronics Co. Ltd. will launch the Galaxy Fold tomorrow in South Korea. The new unit will be the first-ever foldable smartphone and the first device to offer 5G in the country. The Galaxy Fold will be priced at $1,97747 or ₩2.398 million in stores across South Korea. Despite making headlines today, the Samsung Galaxy …
Samsung Launches New Unit at $2,000 Tomorrow | Wibest Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCAD The pair is expected to continue its upward movement in the following days and to retest a downtrend resistance line. It’s a critical month for Canadian Prime Minister Justine Trudeau as he seeks …
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On Tuesday, the Chinese smartphone maker Xiaomi Corp declared 12 billion Hong Kong dollars or $1.53 billion worth of share on its buyback plan. This is in a reversal of its cash-management strategy that is meant on increasing its floundering stock. Xiaomi shares replied to the news of the buyback. This has been the biggest …
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In a news report, Nicky Morgan indicated that Britain will still decide whether to let Huawei’s equipment be in use to its 5G networks this autumn. This morning, the culture secretary said that whatever decision it takes on the Chinese telecoms’ giant, the government will guarantee it is for the long term. In an interview, …
NZDCAD The pair traded within a channel in the past months, overall pursuing a downtrend as the Canadian dollar gathers strength from the perking up in oil prices. On the NZD side, the bank has implemented aggressive rate cuts in recent weeks. According to the central bank’s assistant governor, such aggressive moves decreased the need …
On Tuesday, petroleum products’ prices curved in slightly. It was after the prior surge, as the pause of news on the U.S.-China trade front kept big moves in check. Meanwhile, markets also prepared for weekly data on U.S. crude inventories. New York-traded West Texas Intermediate crude futures plunged 9 cents, or 0.2%, to $56.05 a barrel. Brent crude futures, …
Petroleum Products Downtrends Ahead of Crude Inventories Read More »
On Friday, as anticipations of more petroleum products in the OPEC production cuts provided some support, oil prices inched higher. But concerns over the long-running U.S.-China trade clash controlled the earnings. International benchmark Brent crude futures were at $57.54 a barrel, growing 16 cents, or 0.3%, from their previous settlement. Meanwhile, U.S. West Texas Intermediate (WTI) futures …
Petroleum Products Strengthen Amid OPEC Cuts Prospect Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDNZD The pair will further go lower in the following days after its attempt to break out from 200 MA failed. Australia and New Zealand shares skepticism over US President Donald Trump’s plan to …
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