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America’s Roundup: Dollar climbs as U.S.-China tensions lift greenback, Wall Street ends mixed, Gold firms, Oil drops 4% on China-U.S. tensions, energy demand doubts-May 23rd 2020

May 22, 2020 21:12 pm UTC| Market Roundups

Market Roundup China plan for HK security law raises tensions with U.S. Oil price falls hit commodity currencies Canadian retail sales fall by 10% in March Canada March Retail Sales (MoM) -10.0%, -10.0%...

Europe Roundup: Sterling tumbles on record-low retail data, trade tensions, European shares dip, Gold gains, Oil prices drop as China-U.S. tensions grow –May 22nd 2020

May 22, 2020 11:58 am UTC| Market Roundups

Market Roundup Tensions over Hong Kong unnerve world stocks UK April Retail Sales (MoM) -18.1%,-16.0% forecast, -5.1% previous UK April Core Retail Sales (MoM) -15.2%,-15.0% forecast, -3.7% previous UK...

Asia Roundup: Aussie eases as Beijing readies new security law, dollar plunges against yen on rising U.S.-China tension, Asian shares slump - Friday, May 22nd, 2020

May 22, 2020 07:22 am UTC| Market Roundups

Market Roundup Oil falls as China omits 2020 growth target Gold faces weekly decline on signs of growth picking up Economic Data Ahead No Major Economic Releases Key Events Ahead No...

Americas’ Roundup: Dollar trades in narrow range as four-day euro rally fizzles, Wall Street ends lower, Brent at highest since March on U.S. stock draw, recovering demand-May 22nd 2020

May 21, 2020 21:28 pm UTC| Market Roundups

Market Roundup Canada New Housing Price Index (MoM) 0.0%,0.3% previous US Initial Jobless Claims 2,438K,2,400K forecast, 2,981K previous US Continuing Jobless Claims 25,073K,24,765K forecast, 22,833K...

Europe Roundup: Euro takes a breather after four-day rising streak, European shares dips, Gold drops 1%,Oil at highest since March on lower U.S. inventories, recovering demand-May 21st 2020

May 21, 2020 12:22 pm UTC| Market Roundups

Market Roundup Focus on U.S. initial jobless claims data due at 1230 GMT French May Services PMI 29.4, 27.8 forecast, 10.2 previous French May Manufacturing PMI 40.3, 36.1 forecast, 31.5 previous French May...

Asia Roundup: Aussie eases folloeing RBA Lowe's comments, greenback steadies on FOMC minutes, investors eye EZ Markit PMI's - Thursday, May 21st, 2020

May 21, 2020 07:13 am UTC| Market Roundups

Market Roundup Oil prices climb on U.S. stock drawdown Gold slides amid economic recovery hopes Economic Data Ahead (0500 ET/0900 GMT) EZ Markit Manufacturing PMI(May) PREL (0500 ET/0900 GMT)...

America’s Roundup: Dollar weakens as euro climbs on EU common fund proposal, Wall Street climbs, Gold firms, Oil rise on recovery hopes-May 21st 2020

May 20, 2020 21:50 pm UTC| Market Roundups

Market Roundup Fed acknowledges possibility of further support measures-minutes Canada April Core CPI (MoM) -0.4%, 0.7% previous Canada April CPI (MoM) -0.7%, -0.6% forecast, -0.6% previous Canada April...

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Economy

However, overall exports dipped 1.4 percent in the first quarter.

South Koreas exports of eight new-industry goods in the first-quarter jumped 17 percent from the previous year to $21 billion despite a drop in overall exports. The goods include aviation products and drones, biohealth...

The rise in inequality is attributed to the shrinking wages of low-income households, and a cut down in temporary positions

The income disparity between the top 20 percent and bottom 20 percent of households widened with many of the countrys low-paying jobs being slashed due to the COVID-19 pandemic. The average monthly income of households...

The Senators urged the US to counter such predatory economic behavior urgently.

Seven US senators have urged Treasury Secretary Steven Mnuchin to prevent Chinese companies from buying strategic US assets that have been devalued by the coronavirus pandemic. The lawmakers said in a letter to Mnuchin...

The steel industry has been hit hard by the pandemic with exports plunging 24.1 percent

South Korea will cushion the steel industrys fallout caused by weak demand by fast-tracking infrastructure projects and spending over 400 billion won on research and development. According to Industry Minister Sung...

G-20 members agreed to "facilitate the resumption of essential cross-border travel"

South Korea has adopted an action plan with other members of the Group of 20 to maintain the global supply chains and refraining from implementing new trade barriers. During a virtual meeting attended by South Korean...

Politics

Ivanka Trump criticized for ‘insensitive’ on comment Indian teenager who carried her father for 1,200 km on a bicycle

President Donald Trumps daughter and senior White House adviser Ivanka Trump praised a 15-year-old Indian girls journey of more than a thousand kilometers while carrying her father at the back of her bicycle to seek...

Donald Trump calls Jeff Sessions ‘slime’ in their weekend Twitter battle

Donald Trump attacked his former attorney general Jeff Sessions on social media expressing his anger at the latters recusal from the Russian probe. However, Sessions fought back, not only defending his decision to recuse...

Joe Biden says Donald Trump’s ‘slowness’ in handling the coronavirus is costing lives and jobs

Former Vice President Joe Biden criticized President Donald Trumps as slow and inadequate. In a recent interview, Biden blames the current administrations inadequate handling of the crisis as the reason why it might take...

Donald Trump says houses of worship ‘essential’ as CDC issues guidelines for their reopening

President Donald Trump wants states to reopen religious institutions for services. On Friday, the POTUS announced that houses of worship are essential and are calling to on governors to allow them to reopen for...

Michigan Attorney General tells President Donald Trump not to revisit the state if he refuses to wear a face mask

In light of the pandemic that continues to claim more and more lives in the United States, many Americans remain keen on continuing the practice of social distancing including the use of face masks. Michigans attorney...

Science

Secret underground rooms found under Western wall in Jerusalem

Discoveries made in Israel usually tend to provide a glimpse back into what may have happened thousands of years ago. A group of archaeologists in Israel discovered secret rooms hidden underneath the western wall in...

NASA: Scientists find mysterious red lines on Jupiter's moon Europa

NASA has set its sights on one of Jupiters moons, Europa, alongside the moon and Mars. The agencys scientists found some unusual red lines on the icy moon, which could suggest that life may be able to exist on the gas...

Scientists discover hidden text on a fragment of Dead Sea scrolls

The Dead Sea Scrolls have shed some light on some of the worlds religions and have given archaeologists a glimpse of the past. Recently, a group of researchers made a surprising discovery on one supposedly blank fragment...

High-energy particles found in Antarctica may be proof of a parallel universe, says scientists

For the most part, the concept of having an alternate universe only exists in the realm of pop culture. However, as scientists have explored this possibility, a group of researchers has said that the high-energy particles...

Technology

The Elder Scrolls 6: Reason why fans shouldn’t expect to get their hands on the game anytime soon

Fans of the franchise have been waiting for The Elder Scrolls 6 for years. While Bethesda already assured that it is in the works, gamers arent likely to get their hands on the title soon. The Elder Scrolls 6 is in the...

‘PUBG Mobile’ is very likely to get a new map in next patch

After the release of the PUBG Mobile v0.18.0 patch notes, Tencents plan of overhauling classic maps became more evident. It now appears that the developers have another major update brewing that could, once again, feature...

GoPro surprises fans with the launch of Zeus Mini flashlight

While avid fans of GoPro are wondering when they might hear about the next action camera from the company, it surprised everyone with the sudden launch of the Zeus Mini clip light. It is the newest product to be added to...

Nintendo Switch: Easy way to find an available console without stepping outside

Most people may not have expected it, but Nintendo Switch became one of the in-demand products as most placed went into community quarantines and lockdowns amid the COVID-19 pandemic. This issue got a little out of hand,...

Poco M2 Pro appears in WiFi, Bluetooth documents but it could just be another Redmi rebrand

Xiaomis sub-brand Poco was silent throughout 2019, but that seems to change this year as a third smartphone could be released under this label. A device suspected could be released as Poco M2 Pro appeared in several device...
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