Tories likely to win despite hung parliament chances; U.S.-China conflict anew
09.12.2019 - Kulakov Vladimir

According to top 10 analysts, Tories are likely to win the elections. While this is the case, a hung Parliament might still be in the cards due to Conservatives not favored in some parts of the Westminster. Worth noting here are rising allegations related to UK Prime Minister (PM) Boris Johnson that came with his […]

GBP/USD on 7-month highs; Tories on the lead
09.12.2019 - Petr Mazaylo

The GBP/USD pair stands strong, as it retraces from the new seven-month highs of 1.3180. This came after polls revealed the Conservatives’ lead. Cable had reportedly dropped last Friday in the middle of positive U.S. data. Bulls can be kept happy in light of October highs near 1.3013 being the target and highs marked in […]

Global financial regulators aim at Big Tech’s data dominance and shift to financial services
09.12.2019 - Davydova Maria

Big Tech companies like Google and Alibaba could be compelled to share with banks and financial technology firms data related to financial services customers. This cam after the Financial Stability Board (FSB) called for “vigilant monitoring” of Big Tech’s shift to financial services. The FSB released a report on the matter on Sunday. The measure […]

Britain’s Tesco plans on exiting from Asian markets
09.12.2019 - Evdokimov Roman

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 […]

China’s coal imports fall 19% on November
09.12.2019 - Korneychuk Evgeniya

China’s coal imports fell 19% in November compared to the previous month as import rules at ports tighten, subduing shipments near the end of the year. China leads the world’s top coal importers, bringing in more than 20 million tonnes of coal each month. In November, China imported 20.78 million tonnes of the fuel, according […]

Wall Street gains boost Asian shares up but China concerns cap earnings
09.12.2019 - Evdokimov Roman

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 […]

France faces U.S. tariff threat, plans to bring it to WTO
09.12.2019 - Petr Mazaylo

The Finance Minister said on Sunday that France will challenge the U.S. tariff threat by taking it to the World Trade Organization. The tariff was threatened to be imposed over champagne and other French products as announced by President Donald Trump. “We are ready to take this to an international court, notably the WTO because […]

U.S. Dollar holds steady as traders await job report
06.12.2019 - Petr Mazaylo

U.S. Dollar holds steady as traders await job report The U.S. Dollar held steady on Friday in Asia as traders awaited the release of the latest U.S. job report due at 8:30 AM ET (13:30 GMT) The U.S. Dollar Index that tracks the Greenback was unchanged at 97.380 by 1:30 AM ET (05:30 GMT). Analysts […]

China to remove duties from U.S. pork and soybeans
06.12.2019 - Evdokimov Roman

China to remove duties from U.S. pork and soybeans China will remove duties from some U.S. exports like pork and soybeans, according to China’s finance ministry on Friday after it cited decisions made by the country’s cabinet. The tariff waivers were based on applications by individual firms for U.S. soybeans and pork imports, the ministry […]

EU finance ministers agree Facebook’s Libra too risky
06.12.2019 - Korneychuk Evgeniya

EU finance ministers agreed that Facebook’s Libra and other private digital currencies should not be allowed in the European Union unless the risks they pose are finally addressed. This confirms EU’s tough criticism of Libra, which was announced in June and has since been the talk of global regulators due to its possible impact on […]

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