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Financial news

21.11.2019 14:05:07

NIKKEI HITS 3-WEEK LOW DUE TO US-CHINA TRADE TRUCE; TECH STOCKS INCH DOWN
TOKYO, Nov 21 - Japanese stocks suffered in three consecutive weeks as reemerging concerns about Sino-US trade pact signing and recently passed US legislation on Hong Kong directly impacted market condition. Nikkei shares shed 1.2% to 22,872.03, ...
21.11.2019 14:05:07

Sino-Trade anxiety presses European shares down
Nov. 20- European shares hit low point on Wednesday as trade-sensitive sectors suffered from US President Donald Trump’s latest statement of imposing higher tariffs on Chinese good if trade pact signing ambiguity continued. Trade-dependent ...
21.11.2019 14:05:06

Former JPMorgan trader found guilty of rigging currency trades
A former forex (foreign exchange) trader of JPMorgan Chase & Co was found guilty of conspiracy and rigging trades for personal benefit. Court records showed that ex-trader Akshay Aiyer was convicted of one count of conspiracy and is scheduled ...
21.11.2019 13:06:25

SoftBank checks with Japan's top lenders for $2.8 billion loan
Softbank Group Corp is checking with Japan’s top three banks to loan 300 billion yen ($2.8 billion) to be used as fund for support of US startup WeWork, according to three sources who refused to give identity. Although no official talks ...
19.11.2019 13:07:13

Oil prices drop, market anxious about slow progress in U.S.-China trade talks
U.S. oil prices dropped for two days in a row while the market is anxious on the doubted prospects of a trade deal between the U.S. and China. Trade talks between the two countries have resulted to limited progress as U.S. inventories continually ...
19.11.2019 13:07:13

Tata Steel to cut 3,000 jobs across Europe as crisis bites
Tata Steel to cut 3,000 jobs across Europe as crisis bites Tata Steel Ltd. had revealed plans to cut about 3,000 jobs across its European facilities to cut costs following the latest blow to the regions industry. According to the company’s ...
19.11.2019 13:07:13

New Zealand broadens powers to block foreign investment on security grounds
New Zealand broadens powers to block foreign investment on security grounds New Zealand said on Tuesday that it would widen government powers to block foreign investment on national security grounds and ramp up oversight of strategically important ...
19.11.2019 13:07:13

Boris Johnson puts corporate tax cut on hold, primes health advocacy to woo voters
Prime Minister of Britain Boris Johnson bared on Monday he was putting on hold corporate tax cuts and told voters he would spend for health plans. This move is in light of the Dec. 12 election to woo voters by saying that he would reverse ...
19.11.2019 13:07:13

TOKYO SHARES INCH LOWER FROM EXPORTERS’ PRESSURE OVER FIRMER YEN
TOKYO-Japanese stock benchmark Nikkei underperformed on Tuesday brought heavily by ambiguity in US-China trade negotiations and exporters’ anxiety from yen’s performance against dollar.   The Nikkei share plunged down with ...
19.11.2019 13:07:12

Indian shares soar; bank, telecom stocks earn
NOV 19- Indian shares soared on Tuesday boosted by banking and telecom stocks. This followed after two major mobile network service providers disclosed their scheme of increasing tariffs this coming December. The NSE Nifty 50 index inched ...
19.11.2019 13:07:12

Union raises funds to assist U.S. diplomats pay legal bills for testimony against Trump
The Union of U.S. diplomat representatives has raised money amounting to tens of thousands of dollars to pay for the legal costs of the testimonies of foreign service officers in the impeachment inquiry of President Donald Trump. The American ...
18.11.2019 14:00:55

Boris Johnson vows to end Brexit uncertainty
Boris Johnson and the rest of the Conservative Party of the British government are poised to get Brexit done to finally end its uncertainty that compromised the economy. This shall be made possible once they get re-elected in December. The ...
18.11.2019 14:00:55

Gold prices drop as the U.S. and China close in on trade deal
Gold prices drop as the U.S. and China close in on trade deal Gold prices fell on Monday after speculation spread that Washington and Beijing would soon sign a partial trade deal. Gold Futures for December delivery inched down 0.2% to $1,466.25by ...
18.11.2019 14:00:55

Yuan climbs as China’s central bank cuts key liquidity rate
Yuan climbs as China’s central bank cuts key liquidity rate The Chinese Yuan inched up on Monday in Asia after the People’s Bank of China (PBOC) had cut a key liquidity rate for the first time since 2015. The major USD/CNY pair ...
18.11.2019 14:00:55

SoftBank to merge Yahoo Japan with Line Corp in plan to create $30 billion tech giant
Japan’s SoftBank Corp is set to merge its internet unit Yahoo Japan with messaging app operator Line Corp in a plan to create a $30 billion tech giant. SoftBank is currently merging with struggling companies to stick up to other tech ...
18.11.2019 14:00:54

TYRO PAYMENTS TO RAISE $173 MILLION FOR AUSTRALIAN IPO
Australian financial institution, Tyro Payments released a prospectus on Monday planning to raise A$252.7 million ($173.23 million) for domestic initial public offering (IPO). Tyro’s scheme will push through even though six listings ...
18.11.2019 14:00:54

Oil prices edge up as investors await news on US-China talks
Oil prices inched higher on Monday, following steady gains from previous week as investors await further news on the trade talks between US and China. Concerns over increasing oil supplies, possibly developing into a supply glut, were shrugged. Brent ...
15.11.2019 11:07:31

Central Bank of China adds 200 billion yuan to beef up liquidity, retains interest rates
The Chinese central bank supplied 200 Billion Yuan ($28.60 bBillion) through its medium-term lending facility on Friday. It is the central bank’s move to (second time this year) beef up economic activity while keeping interest rates ...
15.11.2019 11:07:30

EUROPEAN SHARES UNDERPERFORM DUE TO DAIMLER WARNING, WEAK ECONOMIC RECORDS

European shares recorded a weak ended session as warnings from German carmaker Daimler and frail economic data from major economies contributed tension to a global slowdown concern. The pan-European STOXX 600 index inched lower with 0.3% with ...
15.11.2019 11:07:30

US and China getting close to a trade deal, says White House economic adviser
The United States and China are getting close to a trade deal, said White House economic adviser Larry Kudlow. He added that the two parties were having very constructive talks to put an end to the 16-month trade war. Trade negotiators of ...
15.11.2019 11:07:30

Jumbo Interactive jumps 192% this year as online lottery tickets reach peak popularity
Jumbo Interactive jumps 192% this year as online lottery tickets reach peak popularity Australian digital reseller Jumbo Interactive Ltd jumped up 192% this year as online purchases of online lottery tickets increased, Bloomberg said in a ...
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