Financial news

27.08.2019 09:06:23

France, U.S. sign a compromise on French tax

French and U.S. officials agreed to come up with a compromise on a new French tax on services provided by internet firms. As verified by the spokesperson of the Finance Ministry of France, the agreement underscores France paying companies the ...
27.08.2019 09:06:23

Asian markets recuperate quickly after trade tension subsides

The Asian markets are back to fighting form as they bounced back from losses on Monday trading after getting beaten by the inflicting trade dispute between China and the U.S. The Shanghai Composite Index of China gained 1.3%. The Hang Seng ...
26.08.2019 11:02:17

Asian Markets Tumble as U.S. - China Trade War Resurfaces

Asian Markets Tumble as U.S. - China Trade War Resurfaces Asian markets fell victim to the resurging trade war between the U.S. and China as investors were shocked to learn China’s new tariff hike against U.S. goods. China does its own ...
26.08.2019 11:02:17

Oil Prices Fall Amid Unending Recession Fears

Oil Prices Fall Amid Unending Recession Fears   Oil prices were down on Monday with the U.S. crude posting its lowest in two weeks as the trade war between U.S. and China escalated over the weekend. Brent crude decreased 0.9% (58.80/barrel) ...
26.08.2019 11:02:17

Japan Denies Excessive Concessions in Trade Talks With U.S.

Japan’s top government spokesperson denied on Monday that Tokyo had made too many concessions in trade talks with the United States, adding that the fact that both countries were able to meet a broad agreement was “very valuable”. Japan ...
26.08.2019 11:02:17

Oil Drops Amid Recession Risks and Trade War Tariffs

Oil Drops Amid Recession Risks and Trade War Tariffs Oil prices fell on Monday, pushing U.S. crude to the lowest in more than two weeks, as the ever-rising intensity of the trade war between the U.S. and China undermine confidence in global ...
26.08.2019 11:02:16

Bitcoin Hovers Above $10,000 Level as it Finds Support

Bitcoin Hovers Above $10,000 Level as it Finds Support The digital currency, Bitcoin appeared to have found support as it hovered above the key $10,000 level on Monday in Asia. Bitcoin gained 2% to $10,340.3 by 12:15 AM ET (04:15 GMT). Bloomberg ...
26.08.2019 10:02:18

Singapore-based Grab poised to launch its newest expansion in Vietnam

Singapore-based Grab Poised to Launch its Newest Expansion in Vietnam After announcing its plan to launch in Indonesia worth $2 billion two weeks ago, the top ride firm from Singapore called Grab is now eyeing to invest hundreds of million ...
26.08.2019 10:02:18

Japan, U.S. a step closer to ink new trade deal

Japan, U.S. a Step Closer to Ink New Trade Deal Japan and the United States are close to signing a trade deal in New York next month after both parties agreed in principle on trading. Prime Minister Shinzo Abe and President Donald Trump would ...
22.08.2019 09:02:14

Japan feels far from trade deal with U.S.

Japanese representative Toshimitsu Motegi said in a statement that Tokyo and Washington are far from trade agreement after his confab with U.S. officials turned out to be “very tough”. The Minister of the Japanese economy flew to ...
22.08.2019 09:02:14

Japanese manufacturing dims anew, 4th month in a row

The manufacturing productivity of Japan is now on a 4-month slump as revealed by a survey released on Thursday. The month of August marked another blow in Japan’s manufacturing industry as the export orders were lower. However, the services ...
22.08.2019 09:02:14

Oil prices rise after U.S. crude stocks decline

A surge in oil prices occurred after the U.S. crude inventory posted a drawdown on Thursday. West Texas Intermediate (WTI) futures climbed up by 0.2% ($55.78/barrel). Brent Crude Futures rose once more (its fifth in a row) by 0.1% ($60.36/barrel). Inventories ...
21.08.2019 11:02:16

Cryptocurrencies plunge amid Libra probe

Cryptocurrency prices were down as Facebook’s Libra is now being studied by digital money regulators on Wednesday. Ethereum groped for form as it lost 3.8% and Litecoin decreased by 2.2%. XRP also dipped 3.9% while leading crypto Bitcoin ...
21.08.2019 10:02:19

Asian Markets remain shaky after economic debacles

Global economic slowdown speculation rules Asian Markets. Asian stocks on Wednesday were mostly down. The ups and downs of stock shares remain unpredictable over a couple of weeks even after the trade conflicts and recession fear haunted the ...
19.08.2019 10:08:55

Asian stock markets surge, Cathay Pacific CEO steps down

Asian stocks are on a rise on Monday. Hong Kong’s Cathay Pacific shares, however, dropped as CEO stepped down amid the political unrest in the city. Shares of Cathay Pacific of Hong Kong was 1.5% lower on Monday as Rubert Hogg, Chief ...
19.08.2019 10:08:54

“Not ready yet”: Trump on China trade deal

“I’m not ready to make a deal yet.” This was what the U.S. President, Donald Trump, said on Sunday when asked about having a trade deal with China anew.  Instead, Trump directly stated that he wanted to see China resolving ...
19.08.2019 10:08:54

Global dividends grow by 1.1%

Investors’ payouts in the form of dividends as shareholders of companies under the world’s stock markets took home $513 billion in the second-quarter record. Though setting an all-time quarterly high investors’ dividends, ...
19.08.2019 10:08:54

Japan’s exports on a downward spiral

The moth of July is the eighth month of Japan’s exports declines. A 1.6% decrease in Japan’s exports was posted when it was compared to last year’s record. Car parts and semiconductor production equipment did most of the damage ...
16.08.2019 08:02:14

U.S. – China holds “a very good conversation”

After a heated exchange of trade blows, The United States and Chinese officials finally started to rebuild burned bridges between the two world powers through productive trade talks. In spite of additional tariffs to be imposed in September, ...
16.08.2019 08:02:14

Europe stock markets succumb to fears of a massive recession

Massive recession fears come creeping in the European stock market, suffering a persisting slump, while oil prices decreased by 3% on Thursday. U.K’s FTSE 100 declined by 1.1%, now on its lowest level since February, only with 7,067 by ...
16.08.2019 08:02:14

Walmart gains brighten global economic plunge

US’ biggest retailer, Walmart, released its second quarter earnings to ease off recession speculation and major economic slump among large economies on a global scale. A 6.1% climb is remarkable enough for Walmart’s second quarter ...
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