Search result for DOLLAR
Another billion-dollar intervention is being discussed as the value of the Japanese yen continues to decline.
After crossing that threshold at the end of last month for the first time since November, the Japanese yen traded just above 140 against the US dollar on Monday.
The yen fell to levels last year that had not been seen since 1990 when Japan's Finance Ministry intervened to support th...
After Powell's remarks, European stocks hit a nine-month high, as the dollar wobbles.
On Wednesday, global stocks soared and most currencies rallied against the dollar as investors perceived a dovish tone in comments from Federal Reserve Chair Jerome Powell, albeit an ECB policy change meant European bonds sat out the rally. MSCI's world stock index increased 0.3%, returning t...
With today's closure, the value of one US dollar was 81.77 rupees
As the US dollar strengthened elsewhere and oil prices rose, the Indian rupee ended Tuesday at a preliminary rate of 81.77 USD/INR (minus 19 paise). Investor sentiment, according to forex traders, has taken a hit due to prolonged withdrawals of foreign funds. The rupee started the day trading at ...
Germany Refuses 5 billion Dollar Chip Deal with Taiwanese Firm
A Taiwanese firm, Global Wafers, that manufactures silicon wafers for computer chips shall no longer go ahead with its plans of purchasing the rivaling Siltronic, a Munich-headquartered firm, as German policymakers refuse to approve the deal in time.
The deal collapsed on Monday as the ...
Scott Morrison Announces 630 Dollar Visa Rebate for Backpackers and International Students
In order to motivate tourists coming into Australia, the Prime Minister of the country, Scott Morrison, has announced that the visa application fee for international students and backpackers will be refunded in an attempt to address the shortage of workforce in Australia.
On Wednesday, ...
UAE Suspends Discussion on 23-billion-dollar Weapon Deal with the US
On Tuesday, one of the United States’ key allies in the Gulf region, the UAE announced the suspension of talks among the true countries on a 23-billion-dollar deal. The deal meant that the United Arab Emirates would purchase F-35 planes and armed drones among other equipment made in the US....
ARMIE HAMMER NOW AXED FROM UPCOMING THRILLER ‘THE BILLION DOLLAR SPY’
Highlights
• According to the reports, actor Armie Hammer has been dropped from Cold War thriller ‘The Billion Dollar Spy' directed by Amma Asate for Walden Media
• Hammer was signed for this project before he became part of the controversy over graphic mes...
BITCOIN CRASHES 20 PERCENT ON MONDAY
Highlights
• The cost of cryptocurrency Bitcoin slumped 20 percent on Monday to $31,756 in the worst well-off since March 12 when it had crashed 37 percent in a single day
• The US dollar index was trading at the day's high of 90.66, up 0.6 percent as short cover...
SK HYNIX Q3 PROFITS SLIP AMIDST FALLING CHIP PRICES; HUAWEI ORDERS PUSH FLAGGING GROWTH
- SK hynix Inc., South Korea's No. 2 chipmaker, is expected to report mediocre third-quarter earnings in the midst of memory price war, analysts here said Sunday.
- SK hynix was projected to post 7.9 trillion won ($6.7 billion) in sales in the July-September period, up 15.5 per...
S&P 500 STOCKS MOVES TO GREEN POST RE-OPENING, MARKET BOOSTS DUE TO HOPE
Highlights:
- Investors are encouraged by the re-opening of the US economy
- Dollar slides to a decade low, while S&P 500 moves to the green for the year 2020
As the reopening of the 50 US economies pumped new hope into the investors, the market soar...
LEBANESE CURRENCY CRISES LED TO ECONOMIC MELTDOWN
Highlights:
- Lebanon's currency has lost about 60% of its value while the government is facing an unprecedented economic crisis.
- Protests have erupted over the government’s handling of the unprecedented economic crises.
- This is mar...
EURO-DOLLAR VOLATILITY IS ON ONE YEAR HIGH
Highlights:
- Euro-dollar volatility is at 6.6%, highest in a year.
- Japanese yen regained its safe-haven status after slumping for a week.
- Euro gained 0.3% and settled at $1.1028.
The global market in on a slump due to the f...
SOUTH KOREA’S FOREIGN CURRENCY DEPOSIT DECLINE ON STRONG USD
Highlights:
- South Korea’s foreign currency deposits slump in January with the selling of USD funds.
- Foreign currency deposits recorded as 74.98 billion U.S. dollars at the end of January.
- Marked as the biggest monthly decline in 11 mo...
Digital Renminbi Coins, Electronic Dollar and the Stablecoins Backed Race to Central Bank
Top central banks around the world are preparing to introduce their state-backed digital currency. With its digital renminbi coins, China has set the pace with hopes of gaining a competitive advantage over the US in world trade.
The International Monetary Fund (IMF) assumes that, in add...
ALPHABET INC BECOMES TRILLION DOLLAR COMPANY
Highlights
- AI, cloud computing and big data helps companies in achieving success
- Machine learning and AI will rise to 18%
Alphabet Inc. is Google’s parent company. It has joined the ranks of other U.S based multinational compan...
Trump is partially intended to postpone China's push into new technology
Trump's "phase one" agreement with China, to be signed on Wednesday, is partially intended to postpone China's push into new technology such as electric cars by protecting the intellectual property of American companies.
Which brings a certain irony to Tesla's firs...
Turkish stocks fall, state banks prop up lira after U.S. kills top Iranian
Turkish stocks fell and state-run banks reportedly intervened to prop up the lira after the United States killed top Iranian commander Major General Qassem Soleimani in an airstrike.
The main BIST-100 index of shares dropped by 1.9 percent to 113.684,01 points at the close of trading in...
DOLLAR FELT A SIGH OF RELIEF AFTER A BOOST IN MANUFACTURING SECTOR
On Friday, the dollar overcame the weakness as dismal economic news from Europe and the UK had a significant dreadful effect on major rivals. The figures released by the US has pointed towards improvement in the manufacturing sector.
The dollar is recorded to be at six-session low and i...
Nintendo invests approximately dollar 46 Million on televisoion Advertising in The United States This Year
Nintendo's TV publicizing spend in the United States this year is assessed to be around $46 million. This is not exactly a large portion of the sum spent on PlayStation and Xbox advertisements and it has still figured out how to produce a sum of 3.07 billion impressions. As indicated by Ventu...
Hryvnia refreshes four-year most extreme at UAH 23.50 per U.S. dollar set for Dec 16
An economy (from Greek ο?κος – "family" and ν?μoμαι – "oversee") is a territory of the creation, dissemination, and exchange, just as utilization of products and enterprises by various operators. Comprehended in its ...