After Christmas on Thursday, Stocks in Asia soared a bit high as the markets in Australia and Hong Kong remained closed for the holiday. The Mainland Chinese stocks went up on the day, with the Shanghai composite adding 0.85% to around 3,007.35 and the Shenzhen component gaining 0.72% to 10,303.72. The Shenzhen composite also ascended…
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According to Finance Ministry, the Asian economic giant, China will lower import tariffs on over 850 products from January 1. The said products range from frozen pork and avocado to some types of semiconductors next year as Beijing looks to enhance the imports despite a slowing economy and an ongoing trade war with the United…
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After the firm announced a profit warning to the markets, the shares of Royal Dutch Shell stumbled 0.7% in trade Friday, according to CNBC. The energy giant stated that it is looking forward to logging a fourth-quarter impairment charge spanning between $1.7 billion and $2.3 billion after tax. However, details on the impairment were not…
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Fiat Chrysler and Peugeot maker PSA have agreed to reach a binding agreement over a merger which costs roughly $50 billion that will transform the global car industry. After announcing preliminary plans six weeks ago, Europe’s second and third biggest automakers will be ranked as the 4th largest automaker in the word after a 50-50…
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The tension in the markets due to the US-China trade deal has been ongoing, and recently, the two economical giants announced that they had finally agreed to proceed with the phase one agreement. The trade war has been affecting the markets for about 18 months. Following the news of the US and China finally agreeing…
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The oil behemoth owned by the Saudi-state marked its gigantic IPO lately by entering the local market. However, analysts are seeing the corporate governance as a key risk for investors. “How do we invest in a company that … is 98% owned by the Saudi government, where the Saudi royal family calls all the shots?…
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Wall Street says that International Stocks will top US equities in the 2020. According to CNBC, the US equities have been dominating the investing industry for the past 10 years, but the said dominance would be replaced soon. As stated by some investors and strategists, the international stocks will go beyond the US equities in…
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The Saudi Arabian Oil giant Saudi Aramco, priced its IPO at 32 riyals ($8.53) per share which went beyond its indicative range, according to CNBC. In other words, the company is on its way to raise as much as $25.6 billion, according to CNBC. The state-owned Saudi Aramco’s public offering public will become the largest…
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In Order to strike a trade deal with China, it would be better to wait until the 2020 election ends, according to the president of the United States, Donald Trump. He said this on Tuesday and further stated that he has no deadline for the deal. “In some ways, I like the idea of waiting…
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During the afternoon trade, Asia stocks ascended. As Chinese manufacturing data related to factory activity went beyond the expectations, the stocks in Asia started trading higher. This was based on a private survey of Chinese factory activity in November which went beyond the expected, on Monday. Japanese stocks were the leading stocks among major markets…
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