Владимир Кулаков

Vladimir is an expert who has developed his methods for generating profit from investing in stocks, funds, and startups. He has been a practicing trader and analyst for over 15 years. Vladimir can teach you how to manage your resources based on news and macroeconomic data properly.
Kulakov’s main task is to help traders get a deep understanding of the Forex market.

Japan economic outlook gloomy, central bank policymakers say

Global economic uncertainties and a sales tax hike in 2019 may have hit hard on capital spending and inflation expectations, warned Bank of Japan policymakers as reflected on the central bank’s minutes of the meeting in December. One member proposed to impose a stimulant based on the effect tax hike caused on private consumption. The […]

More central banks plan on issuing virtual currencies

With growing inclination in technology, several central banks are planning to release their own virtual currencies, according to findings of Bank for International Settlement. Research showed an additional 10% increase as 20% of the 66 central banks interviewed are planning to have their own digital coins within the next six years. In line, one in […]

Malaysia to purchase more sugar from India to resolve dispute

Malaysia’s leading sugar producer disclosed its plan of purchasing higher volume of sugar from India, with sources saying that the scheme is an attempt to resolve its ongoing feud with New Delhi over palm oil exports.   MSM Malaysia Holdings Berhad (MSMH.KL) is set to purchase 130,000 tonnes of raw sugar from New Delhi worth […]

Yen rises, yuan sinks over China virus anxiety; Aussie gains on strong data

The Japanese Yen advanced and Chinese Yuan plummeted on Thursday, as traders remained cautious on China’s Coronavirus. The Australian Dollar recuperated from previous inactivity over strong employment statistics. The Safe-haven Yen increased by 0.2%, closing its session with two-week high record of 105.56 per dollar. Yuan underperformed as dollar recorded its strongest activity in two […]

Oil prices fall as market surplus estimate eases Libya worries

Oil prices decline on Wednesday as the International Energy Agency (IEA) predict surplus in the first half, easing concerns on the decreased Libya crude output. Brent crude declined 0.4%, or 24 cents, at $64.35 a barrel at 0309 GMT. US oil CLcl dropped 0.5%, or 29 cents, at $58.09 a barrel. Fatih Birol, head of […]

China stocks slip as virus outbreak raises trader concerns

China stocks slip as virus outbreak raises trader concerns Asian stock markets rebounded on Wednesday as China’s response to a virus outbreak fanned fears of a global pandemic. Shanghai shares dipped amid worries that impact would dampen domestic demand and tourism. Fears of contagion, especially as millions of people travel abroad for the Lunar New […]

Yuan, Aussie dollar suffer from coronavirus concerns

TOKYO- The yuan sunk down and Australian dollar recorded a six consecutive weeks of decline on Wednesday as investors grew wary that the new strain of virus in China would lead to a slower economy. The coronavirus has already reached Beijing and Shanghai as the number of patients diagnosed with such continues to bloat. The […]

Gold prices rise amid brewing skepticism over U.S.-China’s Phase 1 trade deal

Gold prices rise amid brewing skepticism over U.S.-China’s Phase 1 trade deal Gold prices rose on Friday amid skepticism about the trade deal between the U.S. and China. Beijing and Washington had signed a Phase 1 deal on Wednesday, though some doubted whether the two major economies could develop it relations consistently. Gold Futures for […]

Dollar softens as Beijing and Washington sign Phase 1 trade deal

Dollar softens as Beijing and Washington sign Phase 1 trade deal The U.S. Dollar stood its ground to the riskier Asian currencies on Thursday as a signed Phase 1 trade deal between Beijing and Washington showed optimism for investors. The centerpiece of the deal was a pledge by China to purchase at least an additional […]

China rare earth exports recover as Lunar New Year nears

Rare earth exports from China recovered from a four-and-a-half-year low in December, as buyers increased purchases more than a week before the Chinese Lunar New Year holiday. But yearly shipments declined to the lowest in four years as rare earth exports were hit by weakened global manufacturing demand. Rare earths, or the group of 17 […]

Uniqlo’s operator trims earnings outlook by 11%

Uniqlo’s operator trims earnings outlook by 11% Japan’s fashion retail giant, Fast Retailing Co., otherwise known as Uniqlo’s operator said that it would lower its full-year outlook on earnings by 11%. The company’s shares dropped 3.12% in Tokyo on Friday morning following the news. Fast Retailing Co.’s overseas sales were hurt by the ongoing civil […]

Facebook feeds minor changes in ad policy ahead of US elections in Nov.

Facebook announced on Thursday minor changes to its ad policy to address political ads that will be popping up on users’ news feeds as soon as the campaign period goes full blast for the US Presidential elections in November this year. The social media giant made minor adjustments to its existing ad policies to address […]

Tesla’s market cap outvalues GM and Ford combined

Tesla’s stock climbed by almost 5% on Wednesday, with a closing price of a record high $492.14 per share, raising its market capitalization to nearly $89 billion, which is $2 billion bigger than General Motors’ and Ford’s market caps combined. General Motors’ market capitalization is currently at $50 billion, while Ford’s is at $37 billion. […]

Safe haven currencies retreat following easing U.S.-Iran tensions

Safe haven currencies retreat following easing U.S.-Iran tensions The Japanese Yen and Swiss Franc retreated on Thursday as the United States and Iran backed away from further conflict. U.S. President Donald Trump responded overnight to an Iranian attack on U.S. forces with sanctions, not violence. Iran showed no imminent signals that it would retaliate further […]

Facebook’s Libra has failed in its current form; Swiss president

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 […]

Thailand annual headline inflation rate escalates swiftly to 0.9%

Reuter’s poll on Friday revealed Thailand’s swift escalation of its annual headline inflation rate for the month of December. However, the rate is still below the central bank’s target for the seventh consecutive month. The headline consumer price index (CPI) is predict5ed to go up by 0.9% in December from the previous year after a […]

Trade optimism supports dollar vs. yen, Australian dollar hikes up

SYDNEY-The dollar inched closer to its six-month high against the Japanese yen as the Australian dollar hit its strongest session since July last Friday, brought heavily by upbeat signals about Sino-US trade deal.                 Positive headlines about the possibility of trade signing decreased demand for safe-haven currencies such as yen. However, with holiday season still […]

South Korean exports struggle but demands from China bring hopes

SEOUL- South Korean exports recorded weak data in the first 20 days of December but strong demands from China and firm chip prices indicated that year-long loss may come to conclusion soon.                 Exports of Asia’s fourth biggest economy declined 2.0% from December 1 to 20, according to customs records disclosed on Monday. Such was […]

Thailand’s November exports fall 7.39% year-on-year

Thailand’s November exports fall 7.39% year-on-year Thailand’s duty-free exports in November fell 7.39% from a year earlier after it had fell 4.54% in the previous month, according to the commerce ministry on Monday. Shipments to China roose 2.3% in November from a year earlier while shipments to the United States dropped 2.6%. November imports contracted […]

Nike quarterly revenue surges, North America sales hit lower-than-expected

Nike Inc.’s quarterly revenue and profit figures went beyond Wall Street expectations on Thursday capped by surging sales in China. However, the leading footwear’s sales in North America are a letdown as it hit lower-than-expected figures to overshadow the beat. Nike continues to struggle in North America as it faces tough competition from other brands […]

Amazon to deliver billions of packages through growing network in 2019

Amazon is set to deliver its customer packages of up to 3.5 billion through its own in-house delivery network this year. Amazon has long been regarded as a long-term threat to United Parcel Service Inc (UPS) and FedEx Corp due to its growing network of delivery trucks, vans, and planes. FedEx has ended its relationship […]

Daimler to settle $20 million civil penalty over vehicle recalls in the US

Daimler AG’s Mercedes-Benz USA has agreed to settle the $20 million civil penalty for vehicle recalls in the US. The government investigation on the 1.4 million recalled vehicles lasted for almost a year. The German automaker will pay $13 million and another $7 million if the company does not abide by the agreement, as stated […]

Argentina’s recent legislation raises taxes on farm exports, foreign assets

BUENOS AIRES-Argentina’s government is set to impose higher taxes on agricultural goods and on abroad-based foreign assets, the economy minister disclosed on Tuesday. The government is set to implement higher export taxes on corn and wheat from 12% to 15%, Economy Minister Martin Guzman said. The “social Solidarity and Production Reactivation” plan will also hike […]

Johnson reinforces UK law to expedite trade deal with EU in 2020

After winning a majority vote in the election on Thursday, Britain’s Prime Minister Boris Johnson will use his control of parliament to overpower extension schemes of the Brexit transition period beyond 2020. “Our manifesto made clear that we will not extend the implementation period and the new Withdrawal Agreement Bill will legally prohibit government agreeing […]

China’s industrial output and retail sales for November exceed expectations

BEIJING- China’s industrial output and retail sales growth for November recorded a far better results than what was initially forecasted, indicating that the economy is stronger as Beijing seeks to support domestic demand despite the months-long trade truce with the United States. Industrial production advanced 6.2% year-on-year in November as disclosed by records from National […]

Asian shares boost as phase one trade deal relieves market anxiety

SHANGHAI-Asian shares recorded a well-ended performance on Monday over fresh news on Sino-U.S. trade agreement. However, investors remain cautious on lurking skepticism about the deal and diplomatic relations of China and the United States. Though there are some necessary revisions, U.S. Trade Representative Robert Lightizer said that the pact was “totally done” and was expected […]

Argentina hikes export taxes in attempts to finance new government’s spending

Argentina hikes export taxes in attempts to finance new government’s spending Argentina raised export taxes over processed soybean meal and oil on Saturday as its government attempted to fund spending under new President Alberto Fernandez. After this year’s 37% slump in the Peso, his administration has replaced a levy of 4 Pesos per Dollar for […]

Ping An Insurance’s OneConnect downsizes planned IPO by 28%

Ping An Insurance’s OneConnect downsizes planned IPO by 28% OneConnect Financial Technology, a unit of China’s biggest insurer Ping An Insurance, downsized its upcoming IPO in the U.S. by 28%. The firm set a price range of $9 to $10 per share, down from the previous $12 to $14 per share range. It also downsized […]

U.S. reportedly planning to delay China tariffs

U.S. reportedly planning to delay China tariffs The Wall Street Journal reported on Tuesday that the U.S. was planning to delay its imposing of 15% tariffs (about $160 billion) in Chinese goods that would take effect on December 15. However, following the reort, White House economic advisor Larry Kudlow said that the December 15 tariffs […]

Gold: In a sideways channel

In the charts of late, Gold is seen trading in a sideways manner. The precious metal’s value is around $1,461 per Oz in Asia. The trendlines connecting Nov. 12 and Nov. 26 lows and Nov. 20 and Dec. 4 highs attest to the reading. Should there be a confirmation of a channel breakdown, a resumption […]

GBP/USD promising with multi-month highs; Conservatives victory in the cards

Around 1.3150, the GBP/USD stands mildly bid. This is ahead of the London open. April saw its surge, but with the Conservatives in the lead for the upcoming December elections, the upside was capped. This had led analysts to look hard into U.K. growth and industrial figures. In the figures, it is apparent that the […]

Westpac refunds $46 million to shareholders, faces money laundering scandal

Westpac Banking Corp refunded A$68 million ($46.14 million) to shareholders who wanted to withdraw their shares on a purchase plan after the bank faced a lawsuit accusing it of laundering millions. Westpac, Australia’s second biggest lender, offered refunds to people who bought new shares under the plan even before the lawsuit was filed. Investors have […]

Indonesia’s October retail sales accelerates at fastest pace in five months

Indonesia’s October retail sales accelerates at fastest pace in five months Growth in Indonesia’s retail sales accelerated to 3.6% in October from a year earlier, the fastest pace in five months which picked up strength from its September growth of 0.7% according to a central bank survey on Tuesday. Growth was mainly driven by increased […]

Oil prices drop due to trade war, demand concerns rake in market anxiety

SINGAPORE-Oil prices underperformed on Tuesday for two consecutive sessions as global demand outlook pressed against OPEC’s arrangement with producers aimed at increasing crude output cuts in 2020. At 0204 GMT, brent futures dropped 11 cents, equivalent to 0.2% loss at $64.14 per barrel while West Texas Intermediate oil futures dropped 7 cents, or 0.1% to […]

Britain’s Tesco plans on exiting from Asian markets

LONDON-Britain’s biggest retailer, Tesco (TSCO.L) has signaled serious withdrawal from its large global objective by initiating assessment on remaining Asian businesses which could bring Thai and Malaysian operations up for sale. In line with the firm’s 100th anniversary, Tesco is also five years deep in UK-focused action plan initiated by Chief Executive Dave Lewis designed […]

Wall Street gains boost Asian shares up but China concerns cap earnings

SYDNEY-Majority of Asian stocks hiked up on Monday from Wall Street’s well-ended performance after strong US jobs data. However, regional shares were restricted due to pressing issues of China’s economic slowdown brought by months-long Sino-US trade truce. Japan’s benchmark Nikkei .N225 acquired 0.4% while MSCI’s largest Asia Pacific index shares .MIAPJ0000PUS earned 0.3%, with Australian […]

Oil prices lower as crude inventories build higher than expected

Oil prices lower as crude inventories build higher than expected Oil prices traded lower on Thursday in Asia after data showed a higher-than-expected build in crude inventories. U.S. Crude Oil WTI Futures fell 0.3% to $58.23 by 11:54 PM ET (03:54 GMT). International Brent Oil Futures slipped 0.1% to $62.94. The Energy Information Administration (EIA) […]

Australian shares suffer from dwindling trade optimism

Dec 4- Australian shares continued its negative performance on Wednesday as reemergence of previous concerns about global trade inflict Wall Street stocks and dragged mining and financial sectors down. Market sentiment on Sino-US trade pact dimmed as US President Donald Trump suggested that the deal was far from getting signed as Commerce Secretary Wilbur Ross […]

Asian stocks fall as Trump’s new tariffs rekindle trade tensions

Asian stocks fall as Trump’s new tariffs rekindle trade tensions Asian shares fell on Tuesday after U.S. President Donald Trump stunned markets by imposing new tariffs on products imported from Brazil and Argentina, rekindling fears over global trade tensions. China’s blue-chip CSI300 index fell as much as 0.62% before clawing back to register small gains. […]

Hong Kong expects unrest to cost 2 percentage points for GDP growth

Hong Kong expects unrest to cost 2 percentage points for GDP growth Hong Kong is expected to record its first budget deficit since 2004 due to unrest within the city. The economy is expected to cost up to 2 percentage points of output growth according to Financial Secretary Paul Chan. The expected deficit for the […]


TOKYO-Japanese shares made minimum gains on Friday and were posed to approach its third month of earnings.  In line, investors hoped that the recent US legislation supporting Hong Kong protesters would not prevent US-China trade deal from getting signed. Benchmark Nikkei moved minimally at 23,408. 04 in latter part of the morning trade but set […]

SBI sets to increase IPO up to an estimated $1.25 Billion

MUMBAI- SBI Cards and Payment Services, credit card subsidiary of State Bank of India and India’s top lender, submitted draft on Wednesday complete with proposed initial public offering (IPO) with market regulator and stock exchanges. The company is set to release 5 billion worth of new shares as it also plans to offer up to […]

Oil falls after record production swells U.S. inventory

Oil falls after record production swells U.S. inventory Oil prices fell on Thursday after official U.S. crude and gasoline stocks rose against expectations as production hit a record thus extending losses from previous sessions. Brent crude futures were down 0.3% or 18 cents to $63.88 a barrel by 0517 GMT, dropping down 0.3% on Wednesday. […]

HSBC sees double-digit growth in asset and revenue in Asia

HSBC Holdings PLC’s private banking business is actively pursuing a double-digit growth in revenue and client assets, as it riffs off a sudden rise in Asian wealth, according to the unit’s chief executive. Chief Executive Antonio Simoes said that HSBC aims to increase its physical presence in China. The world’s second-largest economy is known to […]

Asian stocks bolstered by fresh trade talk momentum

Asian stocks bolstered by fresh trade talk momentum Asian stocks rose on Tuesday, bolstered by Wall Street’s record closing highs and signs of new momentum in Beijing’s and Washington’s efforts to end their long and acrimonious trade dispute. MSCI’s broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) rose 0.5% to a one-week high. Australian shares […]

Bankrupt Philadelphia refiner seeks $2.5 million for second round of executive bonuses

Philadelphia Energy Solutions Inc. oil refiner is seeking at least $2.5 million to give as bonus payments to its top executives as part of plan in reorganizing or selling the company after filing for bankruptcy earlier this year. US bankruptcy court filings show that PES executives were already paid almost $4.5 million in retention awards […]

China to issue U.S. Dollar bonds on Tuesday

BEIJING- China will start issuing overseas dollar sovereign bonds on Tuesday and the expected size will surpass the $3 billion record last 2018, Chinese finance ministry official stated. “The size of issuance will surpass that of previous years,” according to the official. Chinese Finance ministry is yet to disclose further details about the implementation which […]

France’s 5G spectrum set to be sold at minimum price of 2.17 billion euros

France’s 5G spectrum is set to be sold at a floor price of 2.17 billion euros ($2.4 billion), which is significantly bigger than the amount formerly suggested by Arcep, France’s telecoms regulator. Arcep’s president Sébastien Soriano, who has been leery of large investments to fund the deployment of the new mobile technology, said that the […]

China, HK stocks rally on trade optimism

SHANGHAI- Hong Kong stocks recovered from weeks of underperformance following elections. Rekindled hopes over the possibility of US and China signing the deal soon heavily contributed to the said hike.   The Hang Seng index acquired 1.8% gains to 27,062.53 points while Hong Kong China Enterprises Index rose with 1.5% to 10,661.04. US President Donald Trump […]

U.S. to resume Chinese chicken exports following approval for processing plants

U.S. to resume Chinese chicken exports following approval for processing plants The U.S. moved closer to resuming lucrativce chicken exports to China after more than a hundred American processing plants were given approval to ship to the Asian nation. China authorized poultry imports from 172 facilities in the U.S. effective Friday, according to a notice […]

KKR raises first $1.5 billion for Asia infrastructure fund

Global private equity group KKR & Co has raised almost $1.5 billion, 50% of its $3 billion target on its first Asia-focused infrastructure fund, according to a source knowledgeable with the matter. KKR launched its fundraising this year but began targeting Asia’s infrastructure sector one year ago. The source asked not to be identified as […]

Japanese stocks soar amid wary optimism on trade talks

TOKYO, Nov 22- Japanese shares inched higher on Friday as the possibility of United States and China sealing a trade deal reduced risk appetite. Nikkei index gained 0.61% to 23, 178.77 at exactly 0150 GMT. The rise was heavily brought by earnings of IT and industrial equipment sectors. China and the United States were still […]

Japan Factory Output hits seventh-month downturn, hurts economy

The factory production of Japan in November remained below the 50.0 level and marked its 7th consecutive decline on a monthly basis. Policymakers are now faced with a challenge to stir economic activity which continues to be at a slow pace this year. The Jibun Bank Flash Japan Manufacturing Purchasing Manager’s Index (PMI) posted 48.6 […]

Former JPMorgan trader found guilty of rigging currency trades

A former forex (foreign exchange) trader of JPMorgan Chase & Co was found guilty of conspiracy and rigging trades for personal benefit. Court records showed that ex-trader Akshay Aiyer was convicted of one count of conspiracy and is scheduled to be sentenced on April 3 in Manhattan. “This conviction serves as a reminder of our […]

Sino-Trade anxiety presses European shares down

Nov. 20- European shares hit low point on Wednesday as trade-sensitive sectors suffered from US President Donald Trump’s latest statement of imposing higher tariffs on Chinese good if trade pact signing ambiguity continued. Trade-dependent shares of Germany and France sunk down with 0.7% loss by 0819 GMT topping the decliner board among major regional indexes. […]

Union raises funds to assist U.S. diplomats pay legal bills for testimony against Trump

The Union of U.S. diplomat representatives has raised money amounting to tens of thousands of dollars to pay for the legal costs of the testimonies of foreign service officers in the impeachment inquiry of President Donald Trump. The American Foreign Service Association (AFSA) issued a statement in defense of the U.S. diplomats against Trump’s criticism […]


TOKYO-Japanese stock benchmark Nikkei underperformed on Tuesday brought heavily by ambiguity in US-China trade negotiations and exporters’ anxiety from yen’s performance against dollar.   The Nikkei share plunged down with 0.2% to 23,361.35 as broader Topix dropped with 0.1% to 1,698.44. Wall Street’s primary indexes started flat-lined from lack of trade direction. However, it managed […]

Boris Johnson puts corporate tax cut on hold, primes health advocacy to woo voters

Prime Minister of Britain Boris Johnson bared on Monday he was putting on hold corporate tax cuts and told voters he would spend for health plans. This move is in light of the Dec. 12 election to woo voters by saying that he would reverse cuts to many public services in the last ten years […]

SoftBank to merge Yahoo Japan with Line Corp in plan to create $30 billion tech giant

Japan’s SoftBank Corp is set to merge its internet unit Yahoo Japan with messaging app operator Line Corp in a plan to create a $30 billion tech giant. SoftBank is currently merging with struggling companies to stick up to other tech rivals, such as Rakuten Inc. A statement was issued saying that Yahoo Japan (recently […]

Boris Johnson vows to end Brexit uncertainty

Boris Johnson and the rest of the Conservative Party of the British government are poised to get Brexit done to finally end its uncertainty that compromised the economy. This shall be made possible once they get re-elected in December. The election in Dec. 12 was called in a bid to halt three years of disagreement […]


European shares recorded a weak ended session as warnings from German carmaker Daimler and frail economic data from major economies contributed tension to a global slowdown concern. The pan-European STOXX 600 index inched lower with 0.3% with most sectors contributing to the inactivity and automakers .SXAP leading the decline with 1.4%. Daimler (Daign.DE) plummeted with […]

Central Bank of China adds 200 billion yuan to beef up liquidity, retains interest rates

The Chinese central bank supplied 200 Billion Yuan ($28.60 bBillion) through its medium-term lending facility on Friday. It is the central bank’s move to (second time this year) beef up economic activity while keeping interest rates at its current levels. The markets were surprised to the bank’s move to add long-term funds as it had […]


LONDON-Britain warned that European citizens who fail to apply for Brexit’s new immigration status before deadline will be deported. In line with this, citizens who met listed exemptions will qualify for leniency. The government was reported to have already drafted a closed list of exemptions including physical and mental disability and children whose parents did […]

Hong Kong braces for more skirmishes as protesters paralyze the city

Hong Kong prepared for more tumults on Wednesday as the mass protests continue to spread violence around the city-state, paralyzing some transport links, schools, and businesses. Demonstrators scuffled with the police through the night at university campuses and other locations hours after a senior police officer said Hong Kong had been at the edge of […]

Toshiba reports highest profit in over two years

Toshiba Corp reported its second quarter profit, the company’s highest profit in over two years. The company is set to buy out three of its subsidiaries as it moves forward from a management crisis and accounting scandals. Toshiba reported an operating profit of 44.23 billion yen ($405.41 million) for the second quarter that ended in […]


LONDON-European bonds plummeted on Tuesday on expectations that US President Donald Trump will yet again hold his decision on whether to implement tariffs on European autos. This dampened investors’ appetite regarding government debt. Trump is expected to give key note discussion regarding US trade policy at the Economic Club of New York on Tuesday. In […]

China’s auto industry shifts focus to rural car sales

China’s auto industry shifts focus to rural car sales China’s auto industry executives met with government officials over the weekend in order to seek ways to promote higher car sales in rural areas, according to sources familiar with the matter. The country’s car manufacturing has been facing pressures of falling sales in the world’s largest […]


European shares began its session with weak footing last Friday compromising its performance throughout the week. This followed after US-China trade pact uncertainty left investors doubtful over the possibility of the said trade pact signing.                 The pan-European STOXX 600 index suffered with 0.4% at 0807 GMT but is expected to finish its fifth straight […]

Vietnam to inspect Chinese smartphones for disputed maps

Vietnam to inspect Chinese smartphones for disputed maps Vietnam will inspect all smartphones imported from China which includes Huawei and Xiaomi models according to the Tuoi Tre newspaper reports that cite Ngyuen Hung Anh, head of Vietnam Customs’ anti-smuggling and investigation department. Vietnam will check the phones to see whether its pre-installed navigation apps are […]


NOV. 7- European shares hit four-year high last Thursday following China’s statement that Beijing and Washington will pull out tariff implementation in different phases. Both countries must pull out the implementation of tariffs on each other’s goods in order to come up with the possibility of “phase one” trade pact, said Gao Feng, spokesman of […]

SoftBank reports $8.9 billion loss in second quarter due to Vision Fund

SoftBank reports $8.9 billion loss in second quarter due to Vision Fund Softbank Group Corp reported its second quarter profits, detailing a loss of 970 Billion Yen ($8.9 billion) on Vision Fund due to falling valuations of top tech bets like Uber and WeWork. The accounted loss is reported to be Softbank’s first quarterly loss […]

Chinese official says breakthroughs made in Asia trade talks

Chinese official says breakthroughs made in Asia trade talks A Chinese official on Monday said that breakthroughs had been made in negotiations for an Asian-wide pact that is said to be the world’s biggest trade deal. However, consultations with India are still under way, he said. The details of the deal will be announced later […]

Review supports U.K.’s plan to raise minimum wage

An independent review posted on Monday is backing up Britain’s plan to raise the minimum wage to two-thirds of median earnings. The raise moves the wage to 10.50 pounds or $13.58 per hour. Finance Minister Sajid Javid said in September he would raise the National Living Wage (NLW) to the new target by 2024 and […]

GBP/USD bid ahead of U.K. PMI; Tory leadership in the cards

As a Tory leadership may well be in the cards after the Brexit elections on December 12, the GBP/USD is seen to hold on to recovery gains as it takes the bids to 1.2940 before this week’s London open. Opinion polls agree that Tory Leader Boris Johnson is on the lead over the Opposition Party […]

Amazon shares fall 7%, forecasts below expectation

Amazon shares fall 7%, forecasts below expectation Amazon.com Inc’s forecast revenue and profit for the holiday quarter was below expectations as it faced fierce competition and rising costs from plans to speed up global delivery times. Shares fell 7% as revenue growth for the company’s lucrative cloud computing business slowed down in the third quarter. […]

German car parts supplier Brose to cut 2,000 jobs as auto sector struggles

German car parts supplier Brose to cut 2,000 jobs as auto sector struggles German autos supplier Brose Group said on Thursday that it was cutting over 2,000 jobs in Germany in the coming years due to a slump in earnings. The car parts supplier blamed it on a declining Chinese market, changes in the car […]

Money markets slash rate cut expectations after EU and Britain seal Brexit deal

Money markets slash rate cut expectations after EU and Britain seal Brexit deal Money markets further scaled back expectations for interest rate cuts from European Central Bank of England after Brussels and London announced that they had agreed a new Brexit deal. Eurozone money markets have now priced out a 10 bps rate cut at […]

Analysts see Trump’s hailing of $50 billion in Chinese farm purchases as “meaningless”

Analysts see Trump’s hailing of $50 billion in Chinese farm purchases as “meaningless” China is still distant from buying $50 billion worth of agricultural goods from the United States according to analysts from the industry. They cautioned that this could only pull through if substantial technical and political hurdles have been removed. As part of […]

China’s September exports expected to drop by 3%

China’s September exports expected to drop by 3% China’s exports fell at a slightly faster pace in September as reducing global demands and U.S. tariffs intensified. Meanwhile, imports shrank for a fifth month straight, suggesting that pressure on the economy has been increasing. As more U.S. tariff measures against China are set to take effect […]

Bank of England sets out rules of engagement for Facebook’s Libra

Bank of England sets out rules of engagement for Facebook’s Libra The Bank of England (BoE) had set out rules of engagement that Facebook’s cryptocurrency, Libra and other digital payment providers would meet before they can operate in Britain. The BoE’s Financial Policy Committee added that Britain’s banks along with its financial system were fully […]

The U.S. to apply 25% tariffs on Scotch whiskey, Italian cheese, and French wine

The U.S. to apply 25% tariffs on Scotch whiskey, Italian cheese, and French wine The Trump administration had slapped 25% tariffs on French wine, Italian cheese, and single-malt Scotch whiskey exports in retaliation for EU subsidies on large aircraft. However, they spared Italian wine, pasta, and olive oil. The U.S. Trade Representative’s Office released a […]

Metro Bank founder quits amid fallout from accounting error

Metro Bank founder quits amid fallout from an accounting error Metro Bank shares jumped more than a quarter on Wednesday after its founder and chairman, Vernon Hill, quit following the wake of a significant accounting error that misclassified almost £900 million worth of loans. According to Metro, Hill would quit the group by December 31 […]

Chip stocks propel gains in Europe

Chip stocks propel gains in Europe European shares gained on Tuesday as Apple suppliers held the lead following reports of strong iPhone sales. Semiconductor makers jumped into the spotlight with AMS, Dialog, and STMicro posting gains in early trading, pushing the technology sector higher by 1%. Apple Inc’s Chief Executive Officer Tim Cook told a […]

Visa and Mastercard Inc to reconsider backing Facebook’s Libra

Visa and Mastercard Inc to reconsider backing Facebook’s Libra Visa (V.N), Mastercard Inc (MA.N), and other key financial partners may reconsider their involvement in Facebook Inc’s (FB.O) Libra. Initially, the financial backers to the cryptocurrency did not want to attract regulatory scrutiny and declined Facebook’s request to publicly support the project. Policy executives from the […]

WeWork to withdraw ill-fated IPO

WeWork to withdraw ill-fated IPO WeWork’s parent company, The We Company, filed to withdraw its initial public offering a week after the SoftBank-backed startup ousted its founder Adam Neumann as its chief executive officer. The withdrawal of its IPO marks the end of the New York-based company’s pursuit of a near-term listing. It allows Neumann’s […]

Asian Shares slips as U.S.-China Trade Talks continue

Asian Shares slips as U.S.-China Trade Talks continue Asian share markets slipped on Monday as investors waited for more clarity on U.S.-China trade talks. Market sentiment remained fragile with civil unrest in Hong Kong, tensions in the Middle East and worries that a trade deal between the United States and China could take a long […]

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