Central banks around the world are trying to support the economy and Turkey’s central bank is not an exception. The country’s central bank decided made to the decision to reduce interest rates by 50 basis points on May 21. The confidence in the local currency lira encouraged this move. Interestingly, the lira strengthened modestly after …
Turkey’s Central Bank Wants to Boost the Economy Read More »
The oil industry is an integral part of the economy. However, the ongoing coronavirus pandemic had a huge impact on the oil prices and oil industry in general. Recently, the International Monetary Fund (IMF) released its latest regional economic report. This report highlighted the problems the Middle Eastern and North African economies have to deal …
Middle Eastern, North African Economies, and Regional Report Read More »
Huawei has warned China will strike back against new restrictions from the United States. 2020 would be the company’s most difficult year due to trade restrictions that affected its sales last year. Chairman Eric Xu warned that further export restrictions could destroy global tech supply chains. Following its weakest annual profit growth in three years, …
The Chinese Government Will Strike Back for Huawei Read More »
Cryptocurrencies offer a number of advantages in comparison with fiat currencies. However, people interested in crypto should be aware of certain problems related to the crypto industry. There is no shortage of crypto scams and potential crypto owners should take into account as they may lose money. Moreover, they sometimes even use images of famous …
The Malta Financial Services Authority (MFSA) wants people to know two crypto exchanges are lying to them. It is worth mentioning that MFSA is closely monitoring the situation since 2018. Moreover, authorities in Malta identified two crypto exchanges COINMALEX and Crypto Foxtrades. According to MFSA, both crypto exchanges falsely claimed to be licensed, registered or …
Malta Financial Services Authority and Crypto Exchanges Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURDKK A handful of positive results from the bloc’s economies are supporting the EURDKK, preventing it from tumbling down. However, the bullish run of the pair is expected to end in coming sessions as …
The forex trading is still in turmoil due to the coronavirus outbreaks worldwide. While the new death cases weren’t reported in China recently, the infection has spread in Italy, South Korea, the Middle East, and now in the U.S. too. Traders fear the results of outbreaks. They avoid the major changes thus far, keeping the …
Euro and Pound Slightly Increase; U.S. Dollar Still Low Read More »
Asian currencies remain low so far, even though China hasn’t reported new cases of the virus. The Chinese yuan fell against the U.S. dollar by 0.1%. The Australian dollar traded against the U.S dollar at 0.6590, dropping by 0.2%. The New Zealand dollar changed insignificantly at 0.6318. The coronavirus outbreak has already caused massive economic …
Asian Currencies Still Low; The U.S. Dollar Hiked Slightly Read More »
The U.S. dollar gained moderately against Asian currencies on Wednesday. So far, it managed to stay high, but the situation may change if the coronavirus spreads in America. However, the CDC believes that it’s only a matter of time. Federal health authorities issued the warning, saying that they expect a wider spread of the coronavirus …
The U.S. Climbs; CDC Expects the Virus Epidemy in the U.S. Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDCNH The pair has recently traded in the red after rising to December highs above the 50-day and 200-day moving averages. The yuan has been gaining some traction against the US dollar on various …
Daily Market Charts and Analysis February 25, 2020 Read More »
According to a briefing to the bipartisan House Intelligence Committee last week, Russian propagandists are interfering in the 2020 campaign. The day after, President Trump replaced his acting Director of National Intelligence Joseph Maguire. The reports suggest the tactics used in 2016 could make a return this year. This includes troll campaigns and targeted hacking …
Russian Propagandists are Back on Facebook for Trump 2020 Read More »
U.S. carmaker General Motors made the decision to discontinue the iconic Holden brand. On Sunday, the Detroit automaker announced that it would gradually close its sales, design and engineering operation Australia and New Zealand. Moreover, it will discontinue its Holden brand by 2021. Interestingly, the Holden brand dates back to the 19th century. Moreover, General …
The crisis caused by the Coronavirus has reminded the Middle east how much it relies on China for business. Oil prices have been down for months. Oil demand from China has declined significantly, and the consumption of the commodity in the country has fallen by 20%. Andy Lipow, the president of Lipow Oil Associates, states …
The Middle East is in oil crisis due to the Coronavirus Read More »
One of the most famous companies when it comes to non-alcoholic beverages reported the quarterly results on Thursday. The Coca-Cola Company was able to surpass the expectations. Based on the results, in the fourth quarter of 2019, fiscal net income reached $2.07 billion or 47 cents per share. As a result, in comparison with the …
Coca-Cola Surpassed the Expectations in the Q4 of 2019 Read More »
Crude oil slipped amid the climbing death toll from the coronavirus in China. It dropped 0.71 percent to Rs 3,779, while gold grew 0.5 percent and silver 0.9 percent on MCX. Oil futures observed mixed trading on Wednesday, with US prices down after government data disclosed that domestic crude inventories posted a higher-than-expected weekly climb, …
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