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With China insisting the United States of America to delay the upcoming tariff hike on December 15th, the technology giant, Apple Inc., may be able to sidestep a massive threat to its line of products that defines its success, the iPhone. If the U.S proceeds with the next round of tariff hike on December 15th, Apple’s iPhone will see an additional 15% tariff from Sunday onwards. The majority of suppliers and manufacturers for the world’s largest…
On Thursday, Asian shares rose to the highest in a month after the Fed signaled rate settings unlikely to change. But the imminent U.K. election and deadline for the US-China trade talks kept investors cautious. The Fed kept interest rates unchanged at its policy meeting on Wednesday. However, its indication that rates would remain on hold nudged Wall Street stocks higher. Fed’s decision helped MSCI’s broadest index of Asia-Pacific sh…
With the next round of tariffs by the United States right around the corner (December 15th), the commerce ministry of China announced on Thursday that it is in constant communication with authorities in Washington. The ministry, however, didn’t express the specifics of its plans regarding retaliatory steps in an event that the U.S raises tariffs on Chinese products again. December 15th Will See An Increased Tariff On $160 Billion Worth Of Chinese…
The California based cybersecurity technology company, CrowdStrike, announced its performance results for the fiscal third quarter last Thursday. Having beaten the analysts’ estimates for revenue and earnings per share, the stock was seen trading 3.5% higher later on Thursday. Based on Refinitiv’s data, experts had forecasted the company to print $118.8 million in revenue in the third quarter. As per the earnings report, however, CrowdStrike note…
The U.S Bureau of Labor Statistics announced its monthly consumer price index earlier on Wednesday. As per the report, November saw a sharp increase in U.S consumer prices. In combination with the optimism of the labor market at large, economists expressed that today’s data supports the Federal Reserve’s decision of putting the monetary policy on halt for the next few meetings after cutting rates three times in a row this year. Wednesday’s Data S…
Porsche is all set to challenge the leader of the electric car manufacturers, Tesla, with its recently announced fully electric Taycan sports car that is expected to hit the market at the start of 2020. At $103,800 to $185,000 price tag, the German automobile manufacturer had previously announced its electric car to be comparable to Tesla Model S in terms of specifications, performance, and size of the vehicle. The company had also highlighted th…
Sources from the Riyadh stock exchange reported earlier on Wednesday that the Saudi Arabian national petroleum and natural gas company, Saudi Aramco, is recording a blockbuster debut on the stock exchange. Share prices were reported to have hiked by 10% (maximum allowed) as compared to the initial public offering (IPO) price. The sharp increase in the share prices is expected to upgrade the market valuation of the petroleum company to $2 trillion…
Huawei’s chief financial officer, Meng Wanzhou was detained on December 1st, 2018 at Vancouver airport, Canada. The CFO was charged with bank fraud and providing misleading information to HSBC Holdings regarding the company’s business in Iran. Pleading non-guilty, Wanzhou has been fighting extradition in the Canadian court against what she calls the violation of her rights. As per Tuesday’s ruling, the judge has decided in favor of the CFO and de…
On Wednesday, Asian stocks drifted higher, but advances were patchy ahead of the Fed and the ECB meeting. The pound wobbled as opinion polls pointed to a tight U.K. election later this week. Investors are also cautious ahead of the scheduled deadline for the U.S. tariff on Chinese goods this Sunday. However, a stronger than expected Chinese loan data provided some support for the sentiment. MSCI’s broadest index of Asia-Pacific shares outsi…
Octopus Renewables will make a debut this week at the London Stock Exchange following its successful Initial Public Offering that yielded 350 million pounds (circa USD 460.1 million). The shares of the company are expected to start trading on the exchange anytime today, on the Main Market of the London bourse. Since being established in 2010, Octopus Renewables has been investing in shovel-ready or operating investments across Europe, Australia,…