Trading News

Oil Price Fall As U.S. Inventory Goes Up

By Brian Stanley March 7, 2019

Oil prices dropped on Wednesday as a result of the bullish output forecasts by two of the biggest U.S. producers. The OPEC led production cuts that led to a buildup of weekly U.S. crude oil stockpiles also had a role in the oil prices falling on Wednesday. International Brent crude futures dropped 39 cents to […]Continue Reading

Opinion & Analysis

GDP Slowdown Could Instigate Rate Cuts in Australia

By Brian Stanley March 6, 2019

The Australian economy has been in doldrums over the past few months as growth came to a virtual standstill and the Gross Domestic Product (GDP) left a lot to be desired. In such a situation, an interest rate cut from the central bank is one of the most effective ways to cheapen credit and stimulate […]Continue Reading

News

Popularity of Face Mask makes Koreans Billionaire

By Brian Stanley March 6, 2019

With Korean face masks becoming increasingly popular, they have the ability to do wonders to your skin besides building fortunes like in Kim Jung-Woong’s case. The growing importance given to skincare and beauty has helped a few Koreans amass plenty of wealth as customers look for the ever elusive dewy look. Large cosmetic manufacturers and […]Continue Reading

News

Manchester City Mostly to Invest in Indian Club

By Brian Stanley March 6, 2019

City Football Group (CFG) is the company that acquires Manchester City is planning to buy a club in India, reported by CFG executive Ferran Soriano. City Football Group also owns New York City, Melbourne City and Premier League club. The company has shares in four other sites across the world. The owners of Premier League […]Continue Reading

Trading News

Oil Prices Climbs Up Due to Progressive Trade Talks Between US-China, OPEC Cuts Supply

By Brian Stanley March 5, 2019

Oil prices were high on Monday in Asia, with a slight recovery from its last week performance. During the time, when the OPEC the manufacturer club, tightened its supply output, there were progressive ongoing trade talks between the US and China. The report suggests that both the countries were very close to reach out a […]Continue Reading

Stocks

India’s Diesel Consumption Forecast To Set Record In 2019

By Brian Stanley March 4, 2019

Increasing expenditure by the current government on infrastructure in an attempt to hold off rivals in the upcoming elections in 2019 may lead to an increase in diesel consumption within the country. India is the third largest oil user globally. The increasing diesel consumption by the country solidifies India’s role as a driver of oil […]Continue Reading

Stocks

Gold Prices Drop to a Two-Week Low, as Dollar Rebounds Over Trade Caution

By Brian Stanley March 1, 2019

Gold prices on Thursday dropped to a two-week low, as the dollar recovered losses after cautious comments from the US Trade Representative Robert Lighthizer which dented investors’ hope for ending the tariff war with China. As of 0340 GMT, sport gold and the US gold future slipped by 0.1% to $131850 and $1320.10 per ounce […]Continue Reading

Company News

Jet Airways Grounds Seven More Planes

By Brian Stanley February 28, 2019

On Wednesday, the domestic airline firm in India, Jet Airways has grounded seven more aircraft as the carrier has failed to make the payments to its lessors, taking the tally of planes hamstrung by the defaults to thirteen. On an official press release, “Jet Airways is currently is actively engaged with all its aircraft lessors,” […]Continue Reading

Opinion & Analysis

JP Morgan’s Cryptocurrency to Obliterate Ripple; XRP seems to be in trouble

By Brian Stanley February 17, 2019

The $340 billion banking giant, JP Morgan launched a stablecoin called JPM Coin. Industry experts have foreseen the stablecoin to thrash Ripple in the long run. Co-host of Bloomberg’s What’d You Miss? Joe Weisenthal said, “If it turns out that the blockchain framework turns out to be a good one for banks transferring money around, […]Continue Reading

News

Here’s How the Government of Seoul is Using a Public Blockchain in the Real-World

By Brian Stanley February 15, 2019

Information that has been gathered from various sources has confirmed that Seoul city’s (South Korea) government has been turning in to a public blockchain for favoring few administrative applications. Out of all the blockchain projects that South Korea has, ICON is its largest project, and the Government of Seoul has chosen this project to process […]Continue Reading