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Germany’s top banker had warned Europe’s central bank that another interest rate cut would result in more harm than good. “It will have serious side effects,” said Deutsche Bank (DB) CEO, Christian Sewing at a banking ...
Slack, a workplace messaging app used by companies such as IBM, Lyft and CNN, has seen its shares plunge 15% in after-hours trading following the company’s first earning report as a public company. The stock decline happened even as Slack ...
The Britsh Pound bounced from a three-year low on Wednesday after a parliamentary vote raised the possibility of another delay to Brexit; an easing of political risks in Italy also pushed stocks higher. Global stocks rose 0.4% by 0821 GMT as ...
The Dollar extended its fall on Wednesday following unsatisfactory manufacturing data, helping the Euro to recover from more than two-year lows. Sterling also rallied, recovering some of Tuesday’s losses after the latest parliamentary ...
U.S. stock markets are set to reopen lower after the long Labor Day weekend. The new U.S. and Chinese import tariffs came into effect during this period. Complicating things further, China filed a formal complaint over the U.S. tariffs at the ...
Oils prices fell, consistent with the broader risk-off mood elsewhere. On Monday, Bloomberg reported that OPEC members had increased their oil production for the first time year in August. This cast a shadow of doubt over the bloc’s self-imposed ...
The pressure was back on the dollar on Wednesday as nagging fears that the Sino-U.S. trade war would drag on and severely hurt economic growth had led to yet another slide in U.S. bond yields. The dollar index against a basket of six major ...
Gold bars fraudulently stamped with the logos of significant refineries have found its way into the global market for the intended purpose to launder smuggled or illegal gold. The fake bars are hard to detect, making them an ideal fund-runner ...
Oil prices recovered from its drop on Tuesday after U.S. President Donald Trump sought a new trade deal with China after positive comments by Beijing, calming nerves in the market after a tit-for-tat tariff hike that had kent the markets unsteady. Brent ...
European shares stabilized on Monday as trade tensions between China and the United States seemed to have calmed down. This happened as a probable coalition arrangement in Rome to form a new government launched Italian stocks higher. The pan-European ...
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 ...
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 ...
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 ...
Cryptocurrency prices rose on Monday in Asia after reports that Bakkt, a subsidiary of the Intercontinental Exchange, was given the go signal from the U.S. Commodity Futures Trading Commission to launch Bitcoin futures next month. Bakkt said ...
Thailand’s economy grew at a snail’s pace in almost five years in the second quarter as exports and tourism deteriorated, pummeled even further by the tensions from the US –China trade war and a strong local currency. Gross ...
On Friday, the prices of oil went up. This was supported by further OPEC production cuts despite the International Energy Agency (IEA) reporting that the demand growth is at an all-time low since 2008. Brent Crude Futures LCOc1 increased by ...
Aggravated by the accusation that China is a "currency manipulator" the Trade War between the U.S. and China continue to create fears and apprehensions among market participants. The U.S. futures had plummeted on Friday as a result. The plot ...
After reaching $364.77 last month, the altcoin, Ethereum, experienced a massive selloff. With the Cryptocurrency struggling to climb again, Ethereum's price is now at $217.14, seeing a fall of a total $147.63. Investors are actually thinking ...
This week had seen how Gold's value had surged exponentially. The precious metal had gained $79.52, bringing its value up from $1,438.78 to $1,518.30 per Troy Ounce as of 12:05PM GMT+8 today. The heated U.S.-China trade war had made a way for ...
At its lowest since 2017, the Pound Sterling is suffering from economic flashpoints brought by the impending Brexit. Its standing against the world's top currencies dove after seemingly recovering from the previous days, hit a 23-month low ...
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