Economic news

SINGAPORE- Japanese yen performed well as gold inched higher on Wednesday after Iran attacked base of Iraq hosting US armies. Such tension brought in fears of wider political conflict between Iran and United States driving investors run to safety. Anonymous US officials disclosed that rockets were fired at several target points including Iraq’s al Asad […]

Samsung Electronics says profit may fall less slightly than analyst expectations Samsung Electronics Co Ltd said on Wednesday that its quarterly operating profit is likely to fall at a milder pace compared to analyst forecasts, indicating the recovery of memory chip prices from an industry downturn. The announcement sent Samsung’s share price up 2.2% in […]

Is it a bird, or a plane? Nope. It’s a flying taxi! The sky is the limit for Uber and Hyundai as they collaborated to launch flying taxis in the sky that will soon be seen flying in 2023, revolutionizing the ridesharing trips and putting it sky-high. During the Consumer Electronics Show in Las Vegas […]

NEW YORK- Oil prices declined an estimated 1% gain on Tuesday, losing some recent earnings as the possibility of immediate supply disturbance after US military forces killed top Iranian commander dampened investors’ sentiments. Brent crude LCOc1 sunk down 64 cents, equivalent to 0.93% or $68.27 per barrel. US West Texas Intermediate (WTI) crude CLc1 declined […]

Of late, the pair EUR/USD trades below 1.12. This is amid inflation within the Eurozone that had met expectations with 1.3% in headline and core CPI. Tensions in the Mid-East have been found to not have strong effect on markets. The US ISM Non-Manufacturing PMI is currently being eyed. As the Euro and the Dollar […]

U.S. President Donald Trump declared threats of attacking Iran’s cultural sites as the U.S. warns of “major retaliation” once Iran strikes back after the killing of one of its major generals, Qasem Soleimani. In Trump’s interview with reporters on Air Force One, the U.S. President raised threats of sanctions on Iraq as the Iraqi Parliament […]

NEW YORK- Oil value increased on Thursday brought by emerging tensions in the Middle East and upbeat signals of US-China trade relations. However, secured dollar performance capped price earnings. Brent crude futures LCOc1 acquired 25 cents, equivalent to $66.25 per barrel while US West Texas Intermediate (WTI) crude CLc1 raked in 12 cents or $61.18. […]

With global economic situation waking up perpetually on the wrong side of the bed, and the Brexit uncertainty remaining to be in the cards, the USD is caught in somewhat a modest weakness. Amidst the threat of more interest-rate cuts, from the international central banks, a resolution to the already dragging U.S.-China trade war had […]

Facebook’s Libra has failed in its current form; Swiss president Facebook’s cryptocurrency project, the Libra has failed in its current form and would need revisions in order for it to be approved, according to Switzerland’s president and finance minister Ueli Maurer. Switzerland is currently where Libra is seeking regulatory consent. “I don’t think (Libra, in […]

Tim Hortons president Alex Macedo to step down next year Alex Macedo, president of coffee and breakfast chain Tim Hortons will be stepping down from his position after two years of the role, according to Restaurant Brands International Inc (RBII) on Friday. Macedo said in a regulatory filing that he will be leaving the company […]