Financial news

02.08.2019 09:02:50

Trump rocks China with more tariffs, escalates trade conflict

U.S. President Donald Trump lashed China on Thursday anew, announcing that he would impose a 10% tariff on $300 billion of imports from China starting September 1. Adding insult to the injury, an adamant Donald Trump made the surprise move ...
02.08.2019 09:02:50

Japan to cross SoKor out of their ‘white list’ of trade partners

Japan announced on Friday its new trade curb against South Korea by blotting them out their white list of fast-track export destinations effective on August 28. Japan’s newest measure would force Japanese exporters to South Korea to perform ...
02.08.2019 09:02:49

Australian retail market surges, 0.4% up in June

The Australian Bureau of Statistics released on August 2 its figures for retail turnouts for the month of June, tabulating the seasonally adjusted estimate of a 0.4% increase. In trend terms, comparing Australia’s turnover in June 2019 ...
02.08.2019 09:02:49

Asian stocks down after Trump lashes out China anew

Asian stocks share slid as US President Donald Trump imposed new tariffs on Chinese exports. Hong Kong’s Hang Seng Index fell 2.4% on Friday with its major stocks ACC Technologies, Q Technology and BYD Electronic all shrank with 5%, 8%, ...
01.08.2019 09:02:16

US Dollar shines after Fed Confab; pound dims, still down with Brexit woes

The US dollar shone in Asia in the midst of the announcement of the Federal Reserve to cut the interest rate by 25 points on Thursday. The US Dollar Index gained 98.597, rose 0.4%. After the conference, Powell explained the Fed’s unprecedented ...
01.08.2019 09:02:16

Hong Kong massive protests take its toll, leaving HK economy hurt

Hong Kong's economy continues to take the downward spiral path as the demonstration in the city gets worse. The US-China trade war is not helping Hong Kong’s cause as it contributes to its slumping economy as of late. Hong Kong’s ...
01.08.2019 09:02:16

Two European Banks tip to join US Financial Market

Two European banks are poised to expand in the US, will they thrive? Berlin-based N26 and UK’s Monzo – two of the banks enjoying prestige status in the western part of the world - are now expanding its influence to the already successful ...
31.07.2019 12:02:14

Asian stocks trade soars after Japan maintains low interest rates

Asian stocks trade soars after Japan maintains low interest rates   On Tuesday, Asian stocks elevated after the Bank of Japan retained its low interest rates. Investors also wait in anticipation for developments in US-China talks in Shanghai ...
31.07.2019 12:02:14

LSE shares go sky-high as $27 billion Refinitiv acquisition looms

LSE shares go sky-high as $27 billion Refinitiv acquisition looms   London Stock Exchange (LSE) Group shares escalated to a sky-high 15.3% on Monday, revved up by its bid to acquire financial data firm in Refinitiv Holding Ltd. for $27 ...
31.07.2019 12:02:14

Facebook’s Libra can be a boon or bane in cryptocurrency market

  Facebook’s Libra can be a boon or bane in cryptocurrency market Lawmakers fret over Facebook’s Libra Project – a giant digital currency in the making.  The government’s unrelenting effort in putting the said ...
31.07.2019 12:02:14

Citi set to trim trading jobs

Citi set to trim trading jobs Citigroup Inc. is reported to axe hundreds of workers across its global markets division – may be a clear sign of the industry-wide financial woes and market setbacks experienced since earlier this year.  The ...
31.07.2019 12:02:14

Crypto Prices increase as US committee probes Digital currency

Asia’s leading cryptocurrencies rose on Wednesday, as U.S. committee on Banking, Housing and Urban Affairs commenced the scrutiny on cryptocurrencies and held the conference, “Examining Regulatory Frameworks for Digital Currencies ...
31.07.2019 12:02:14

China Manufacturing index dims three months in a row

Third straight loss - The month of July is no exemption for China’s manufacturing activity downfall in rates as the official government data revealed on Wednesday. China Manufacturing Purchasing Managers Index (PMI) for the month of July ...
31.07.2019 12:02:14

Asian shares fall to its lowest in six weeks, pound weakens with Brexit issue

Asian market shares fell on Wednesday to its lowest in six weeks as South Korea and Japan’s stocks were down at 1.3% and 1.1% respectively. South Korean’s turnout was its lowest since January after trade war blasted compounded by ...
31.07.2019 12:02:14

Lion King joins the elite group of Disney’s billion-dollar films of 2019

Walt Disney Studio’s “The Lion King” was added to the group of Disney movies hitting the billion-dollar mark. Almost 20 days after its premiere, The Lion King will reach its $1 billion at the worldwide box office on Tuesday. This ...
31.07.2019 10:02:28

Asian Equity Markets Remain Troubled; Politburo Promises Liquidity Without Rate Cuts

Apple climbed strong with more than 4% in after-hours trading after its equally post turgid Q2 earnings, thus beating investor's forecasts. However, Asia Equity Markets have failed to ride the bigger markets as the local markets are still reeling ...
31.07.2019 09:02:29

Samsung's Quarterly Profits Drop; Maintains Positive Outlook

Amidst the issue of oversupply, semiconductor prices had declined resulting into a 56% drop in Samsung Electronics Co Ltd's quarterly profit. The mobile Titan still has its hopes up that after the chip market bottoms out, it will eventually ...
31.07.2019 09:02:29

A Pause on AUD/USD Downtrend In Light of Australia CPI; Fed and Trade Talks Eyed

After the local inflation data crossed the wires and rendered better outlook, the Australian Dollar went up to compete against major counterparts, overshadowing mixed Chinese PMI data. The second quarter saw that the Australian CPI clocked ...
31.07.2019 09:02:29

June 2019's Retail Turnover

Some Key Figures for the Retail Turnover, June 2019: +3.5% on the month prior (in real terms, calendar and seasonally adjusted, provisional) +3.6% on the month prior (in nominal terms, calendar and seasonally adjusted, provisional) -1.6% on ...
30.07.2019 13:02:24

FREE Binfinity Tokens Up for Grabs for First 1,000 VERIFIED Registrations

FREE Binfinity Tokens Up for Grabs for First 1,000 VERIFIED Registrations Binfinity, a new breed of digital asset marketplace or "cryptocurrency exchange" focusing on providing freedom to the crypto financial markets, is at the cusp of promising ...
30.07.2019 13:02:24

The Pound Paddles Through Brexit's Troubling Waters

The Pound Paddles Through Brexit's Troubling Waters The Pound suffers the brunt of the uncertainty brought by the highly-divisive Brexit, with the Bank of England adding more stress. Raising interest rates in the coming months is not within ...
Something went wrong
Message: