Financial news

13.08.2019 09:02:18

Europe’s Bitfury unveils artificial intelligence unit

The Bitfury Group, a European blockchain technology, uncorked its artificial intelligent unit. The newly-launched system will work with the existing blockchain services Bitfury has. It is expected to add value to the current valuation of Bitfury ...
09.08.2019 08:02:14

UBER declares its biggest quarterly loss

UBER announced on Thursday a stupendous loss amounting to $5.2billion for its second quarter financial report from May to June, recording its worst quarterly loss. The loss mostly came from stock-based compensation expenses (worth $3.9 billion) ...
09.08.2019 08:02:14

Japan begins again its trade bids with SoKor, tension remains

Japan is picking up where it left off after its approval of the first exports of materials to South Korea, following their incipient trade conflict in July. But Japan is not doing it without a stern gesture as it hinted about export curbs against ...
09.08.2019 08:02:14

British food manufacturers call for competition law demise amid no-deal Brexit

British food manufacturers unite for a call to action of the government to temporarily suspend the competition law among food and drinks firms to avoid hefty penalties for possible collusion which will take effect once the no-deal Brexit disrupts ...
09.08.2019 08:02:14

S&P 500 on a roll of daily rate gains, records highest rate in two months

The S&P 500 of the US stock market on Thursday posted its highest daily rate increase in two months. A 1% gain from all major sectors and a 2.4% increase in the S&P 500 technology index comprised the biggest daily gain. From Wednesday’s ...
08.08.2019 10:02:09

Philippine economic growth slows than expected

The national government budget delay backlash hit the Philippines, hampering its economic growth for the second quarter unexpectedly. The Philippine economic growth slowed as the gross domestic product is higher by 5.5% from last year’s ...
08.08.2019 10:02:09

Gold price shines amid global economy turmoil

Gold’s price has soared to $1,500 an ounce on Wednesday, first in six years amid the growing fears brought by the clashing economy giants in the US and China. During times like this, when global economics’ growth hangs in uncertainty, ...
08.08.2019 09:02:25

Asian Market continues to rise after Monday’s fiasco

Asian market on Thursday soared once more after a momentous Singapore Convention on Wednesday to significantly clear the stage of international trade. South Korea’s Kospi notched a step higher with a 1% climb. The Hang Seng Index of Hong ...
08.08.2019 09:02:25

Germany posts lower industrial production rate in June, recession issues rise

Germany, the biggest economy of the European market, posted its lowest industrial production annual rate in almost a decade – a clear manifesto of the on-going trade war between the two largest economies of the world. Germany is known ...
07.08.2019 09:01:55

U.N. intervene with the trade conflicts, sign mediation convention

Peace – on its way to meddle amid the trade chaos built by world powers. The United Nations members signed the Singapore Convention on Mediation on Wednesday with hopes of settling trade conflicts between countries. Forty-six United Nations ...
07.08.2019 08:02:05

Asian stocks still shaky, yuan remains down

A mix of highs and lows among Asian currencies was on board Wednesday while the Chinese yuan remained down low. Currencies on the depreciating side were Hong Kong’s Hang Seng Index with a 0.6% drop and Nikkei of Japan with a 0.4% loss. Taiwan’s ...
07.08.2019 08:02:05

Trump looks to extend the trade war, to aid US farmers when affected

The US President Donald Trump continued to give trade war measure implications on his Tweets on August 6 – stand with his farmers when they get pressured by China. Trump on his official Twitter accounted posted, “As they have learned ...
07.08.2019 08:02:05

European market, pound recovers after two-day slump

The British pound recuperates on Wednesday after back-to-back lows in the last week. It went 0.32% higher against the dollar and took 0.54% advantage against the euro.                                                        Germany’s ...
06.08.2019 09:02:18

Trump tags China as “currency manipulator”

Nowhere to go but up! This is where the US-China trade war seems to be heading. This is after US President Donald Trump on Monday labeled China as a “currency manipulator”. Trump expressed his thoughts via Twitter about China’s ...
06.08.2019 09:02:18

US stocks record its lowest 2019 rate

US stocks Dow slid 961 points on Monday, its worst stocks rate for the entire year thus far. It was not just its lowest rate of the year; it was also its 6th lowest point drop in the stock exchange annals. The Dow decreased to 2.9% (767 points), ...
06.08.2019 09:02:18

China hits back US amid its “currency manipulator” branding

The ongoing US-China salvo heats on! On Tuesday, Chinese media was quick to counter US President’s labeling, “currency manipulator” against them. In a Chinese newspaper, they described US branding as something that “deliberately ...
06.08.2019 09:02:18

UK retailers experience worst July in sales record history

Albeit having a 0.3% increase in retail sales turnout, the British experienced the worst July of their retail sales history. The British Retail Consortium revealed the figures for the month of July that posted the worst month of July amidst ...
05.08.2019 09:01:58

Hang Seng Index drops again, worst in 10 months

Hong Kong’s Hang Seng Index is suffering from the tensions coming from the growing US-China trade conflict and the protesters’ demonstration activities in the city. Today, The Hang Seng Index has its lowest rate performance after ...
05.08.2019 09:01:58

Chinese Yuan drops its lowest exchange rate in 10 years

The Chinese Yuan is now on a critical threshold, dropping to below 6.9225 on Monday to post its lowest rate after a decade of trade against the US Dollar. The year 2008 was the last time since the Chinese Yuan fell below 7 to the US dollar. But ...
05.08.2019 09:01:58

South Korea devises $6.5billion research bid to answer Japan’s import curb

South Korea announced on Monday its plans to allocate $6.48 billion for research and development for local materials, resources, and equipment for the coming years to level Japan’s move to decrease export activities against South Korea. After ...
05.08.2019 09:01:58

HSBC CEO steps down after 18 months head stint

HSBC announced on Monday Chief Executive Officer John Flint’s resignation after 18 months in the position, saying it’s all part of the company’s effort to fight challenging global environment. Known as the biggest bank in ...
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