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Chinese yuan rises after lows of one year
Finance

Chinese yuan rises after lows of one year

Chinese yuan today recovered from the minimums of a year versus the U.S. currency, propped up by alleged sales of the dollar by chief state banks with an aim of supporting yuan that has been knocked down by the trade discords.


July 20, 2018
UK pound at the least level against the dollar in 10 months
UK pound at the least level against the dollar in 10 months

The UK currency kept near $1.30 today, while traders summed up the past week, when low figures of economy and bigger vagueness relating to Brexit...

Oil prices climb though on course for a 5-day period slump
Oil prices climb though on course for a 5-day period slump

Oil added today, though the weekly result is about to log decrease in prices caused by threatening excess of supply and the escalating U.S.-China...

UK came out with criticism of Huawei hardware
UK came out with criticism of Huawei hardware

Huawei equipment including mobile infrastructure has been found to be safe for the country’s national security just to a limited degree, said...

Weak earnings, trade dispute weigh on European stocks
Weak earnings, trade dispute weigh on European stocks

European stocks fell on Friday as automobile and banking sectors gave up their gains amid deepened trade row which triggered a selling in the...

Microsoft earnings exceed $100bn for first time in fiscal year
Microsoft earnings exceed $100bn for first time in fiscal year

Microsoft reported $30.1bn in revenue for its fourth quarter, which ended on June 30. The IT giant beat analyst forecasts with earnings for the...

Dollar slips after Trump criticizes Fed
Dollar slips after Trump criticizes Fed

The yuan tumbled to a more than one year weak point on Friday while the dollar fell versus major counterparts after U.S. President Donald Trump...

Asian stocks edge higher as yuan steadies
Asian stocks edge higher as yuan steadies

Asian stocks moved higher on Friday, reversing earlier declines in volatile trade as China’s stocks bounced back and the yuan jumped from a...

July 19, 2018
Google is fined €4.3 bln in connection with Android
Google is fined €4.3 bln in connection with Android

The European Union has imposed a €4.34 bln fine on Google for its Android operating system. The mobile OS had served as a tool of unlawful...

Britain’s shoppers keep away from stores in June
Britain’s shoppers keep away from stores in June

UK high street felt a drop in customer activity in June because of the World Cup and the sultry heat, even though country’s overall data...

Oil dips after official figures on U.S. inventories
Oil dips after official figures on U.S. inventories

Prices of oil declined today following the release of government figures that said U.S. crude inventories surprisingly jumped and that U.S. oil...

Tariff policy worries U.S. firms
Tariff policy worries U.S. firms

Companies in all of the Fed’s 12 districts are concerned about the effect tariffs cause, yesterday’s report of the Federal Reserve...

European stocks steady, financial results in focus
European stocks steady, financial results in focus

European shares wobbled in morning deals on Thursday as corporate results triggered steep price swings in advertising, technical and industrial...

Houston on track to get its own oil futures this year
Houston on track to get its own oil futures this year

Rising U.S. oil production and exports could lead to the creation of a crude oil futures contract of physically delivered Permian West Texas...

Dollar firm after Powell confirms economy's health
Dollar firm after Powell confirms economy's health

The dollar was steady versus its major counterparts on Thursday, underpinned by bullish comments from the U.S. Federal Reserve head Jerome Powell,...

Asian stocks fluctuate as trade concerns offset Wall Street's gains
Asian stocks fluctuate as trade concerns offset Wall Street's gains

Asian stocks were mixed on Thursday, reversing early gains, as trade war anxiety hit Chinese stocks and currency markets, with the yuan touching...

July 18, 2018
The EU will be hit harder than Britain in case of Brexit with no agreement
The EU will be hit harder than Britain in case of Brexit with no agreement

The financial system of the EU will be harmed if Brexit goes without a deal, said Mark Carney, after one more hectic day in Parliament looked to...

Bitcoin balloons to $7,400 in a matter of minutes
Bitcoin balloons to $7,400 in a matter of minutes

Bitcoin has soared 10% in the past few hours, after a massive upswing in volume. In just a single hour, cryptocurrencies as Bitcoin, Ether, EOS and...

Oil moves down weighed by growing U.S. inventories
Oil moves down weighed by growing U.S. inventories

Prices of oil slipped today after reports of U.S. oil inventories increase in the previous week, which goes counter forecasts of a sharp drop,...

Fed's chief believes U.S. economy is going the right course
Fed's chief believes U.S. economy is going the right course

Jerome Powell of the Fed yesterday said that in his view the U.S. is moving in the direction of solid growth for the coming several years, though...

July 17, 2018
Britain will get more new jobs through artificial intelligence
Britain will get more new jobs through artificial intelligence

UK will benefit from AI that is going to produce over 7 mln jobs in healthcare and education by 2037. It is a higher number than just compensating...

UK wages rise less regardless of sliding unemployment
UK wages rise less regardless of sliding unemployment

Wages in Britain grew at a lesser pace during the three months from March to May, even though unemployment kept decreasing, according to government...

Oil continues moving downward amid worries of excessive supply
Oil continues moving downward amid worries of excessive supply

Prices of oil slumped today as they had done yesterday, with potential supply breaks not causing concerns anymore and with investors tracking...

U.S. tariffs are going to damage global economy
U.S. tariffs are going to damage global economy

The world economy’s growth prospects have dimmed with the escalation of trade war and unbalanced expansion, said the IMF.

Dollar cuts gains ahead of Powell's testimony
Dollar cuts gains ahead of Powell's testimony

The dollar cut gains versus its main counterparts on Tuesday, moving lower as traders eyed Federal Reserve Chairman Jerome Powell’s first...

Asian shares dip as weak oil prices weigh
Asian shares dip as weak oil prices weigh

Asian shares were mixed on Tuesday, with a steep fall in crude prices hitting energy shares, while investors digested weak economic data out of China.

July 16, 2018
U.S. retail sales recorded firm growth in June
U.S. retail sales recorded firm growth in June

June’s retail sales in the United States strongly added, propelled by cars sold in bigger numbers, as well as other products, which confirms...

Oil prices on the wane, supply shortages are not expected
Oil prices on the wane, supply shortages are not expected

Oil dipped today with restart of operations at ports in Libya and subsided worries over disruptions, as traders followed possible gains in supplies...

UK homes fall in price as sellers abound
UK homes fall in price as sellers abound

Home prices in Britain are weighed by a jump in the number of people looking to sell their property, accompanied by a sparse buyers in summer...

China's growth goes in line with forecasts in the second quarter
China's growth goes in line with forecasts in the second quarter

The economy of China expanded at a yearly rate of 6.7% in the April-June period, according to the government figures, matching predictions.

Pound steady ahead of lawmakers vote on Brexit
Pound steady ahead of lawmakers vote on Brexit

Sterling was virtually unchanged versus the dollar and the euro on Monday before a debate in parliament that could lead to huge dissatisfaction...

European stocks advance despite weak China's data
European stocks advance despite weak China's data

Solid industrials and pharma sectors pushed European stocks higher on Monday while data showing slowdown in the Chinese economy capped the...

Dollar wobbles after largest weekly increase in a month
Dollar wobbles after largest weekly increase in a month

The dollar inched lower on Monday, having posted its largest weekly surge in a month last week as traders raised their long bets to the top since...

Asian stocks slide following weak Chinese economic data
Asian stocks slide following weak Chinese economic data

Asian stocks dropped on Monday after mixed China's economic numbers, while concerns over a full-scale Sino-U.S. trade war weighed on markets.

July 13, 2018
U.S. import prices decrease the biggest in June in more than two years
U.S. import prices decrease the biggest in June in more than two years

U.S. import prices slumped the biggest in over two years last month thanks to a slide in petroleum prices and lessened costs of other products due...

China's exports to the U.S. beat imports by the biggest amount ever
China's exports to the U.S. beat imports by the biggest amount ever

China’s positive balance of trade with the U.S. reached a new maximum last month as total exports of the country expanded strongly, which...

Oil keeps near the same, but earlier price swings lead to weekly decreases
Oil keeps near the same, but earlier price swings lead to weekly decreases

Prices of oil stayed almost at one level today as preceding sharp fluctuations during the week have resulted in a weekly drop of both benchmarks...

Broadcom’s shares plummet after its agreement to acquire CA
Broadcom’s shares plummet after its agreement to acquire CA

Broadcom, a chip manufacturer, had its market value plunge by around $18.9 bln after making a bid to purchase software firm CA Inc for the same...

European stocks on track for second week of gains
European stocks on track for second week of gains

European stock climbed in early trading on Friday, on course for a second straight week of gains as concerns of a full-blown trade war eased and...

Pound dips following Trump's comments
Pound dips following Trump's comments

The pound lost half a percent, edging to a 1-1/2 week trough on Friday, as a broadly strong dollar and comments by President Donald Trump that...

Euro drops as trade war supports dollar
Euro drops as trade war supports dollar

The euro slumped to an eight-day trough on Friday as U.S. inflation data triggered interest rate anticipations and an easing in trade row between...

Asian stocks extend rebound but trade spat limits gains
Asian stocks extend rebound but trade spat limits gains

Asian stocks continued to recover on Friday, as traders turned their attention to bullish anticipations for Wall Street financial results and as a...

July 12, 2018
U.S. consumer prices showed next to no growth in June
U.S. consumer prices showed next to no growth in June

Consumer prices in the United States remained nearly unchanged last month, though the fundamental trajectory still indicated a firm rise in...


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