Wednesday, July 31, 2019

South Korea warns Japan that removing Seoul from its preferential list could affect security cooperation

July 31, 2019 Posted by FOREX MAROC , , No comments
South Korea's foreign minister warned on Thursday that if Japan removes South Korea from its list of countries with minimum trade restrictions, Seoul would have to review bilateral security cooperation

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Dollar hits two-year high against the euro as Fed's Powell rules out prolonged easing cycle

July 31, 2019 Posted by FOREX MAROC , , No comments
The dollar rose to a two-year peak against the euro and hit a two-month high versus the yen on Thursday as U.S. Federal Reserve Chairman Jerome Powell ruled out a lengthy easing cycle after delivering the first rate cut since the financial crisis.

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Japan-South Korea dispute may be good news for memory chip prices

July 31, 2019 Posted by FOREX MAROC , , No comments
If Japan takes away special trade privileges from South Korea, Samsung could be forced to look for alternative suppliers for its memory chips and that could give prices a boost, says Mark Newman from Sanford C. Bernstein.

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China to halt individual tourism permits for Taiwan amid rising tension

July 31, 2019 Posted by FOREX MAROC , , No comments
China will stop issuing individual travel permits for Taiwan to people in 47 mainland cities from Aug 1, its culture and tourism ministry said on Wednesday, citing the state of ties with the self-ruled island, but gave no details.

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Tuesday, July 30, 2019

'Facebook is at the point of no return': What teenagers love and hate about social media

July 30, 2019 Posted by FOREX MAROC , , No comments
Gen Z — from babies being born now up to the age of around 22 — use WhatsApp for communicating with their parents and are courted by the likes of Snapchat, Instagram and YouTube for their attention. Some are really not fans of Facebook.

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Monday, July 29, 2019

Trade jitters running high at American companies ahead of new US-China talks

July 29, 2019 Posted by FOREX MAROC , , No comments
Worries about the U.S.-China trade war are running high during the current U.S. quarterly reporting season, with tariffs mentioned in about a third of conference calls held by S&P 500 companies reporting their quarterly results.

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Sunday, July 28, 2019

US teen wins $3 million at video game tournament Fortnite World Cup

July 28, 2019 Posted by FOREX MAROC , , No comments
Global revenues from esports, or professional video game competitions, will hit $1.1 billion in 2019, up 27% since last year, thanks to ballooning revenues from advertising, sponsorship and media rights.

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Saturday, July 27, 2019

Friday, July 26, 2019

Eight killed in quake and aftershocks in Philippines, 60 injured

July 26, 2019 Posted by FOREX MAROC , , No comments
An initial quake of magnitude 5.4 that struck the Batanes islands was followed shortly by an aftershock of magnitude 5.9, according to Philippine government data. Another big aftershock struck a little later.

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Two South Koreans dead, several aquatic athletes hurt in nightclub collapse, official says

July 26, 2019 Posted by FOREX MAROC , , No comments
Two South Koreans died and several others, including athletes attending world aquatic championships, were injured when a structure collapsed in a nightclub in the city of Gwangju, an official said.

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Thursday, July 25, 2019

North Korea's economy shrinks most in 21 years in 2018

July 25, 2019 Posted by FOREX MAROC , , No comments
North Korea's economy shrank in 2018 for a second straight year, and by the most in 21 years, hit by international sanctions to stop its nuclear program and by severe drought, according to South Korea's central bank.

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Chinese state media says Beijing suspects FedEx broke law with failed Huawei shipments

July 25, 2019 Posted by FOREX MAROC , , No comments
Chinese authorities suspect U.S. package delivery company FedEx violated the law by not making shipments of goods from the tech company Huawei to their recipients, the Xinhua state news agency reported on Friday.

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North Korea's Kim says missile launch is a warning to South Korean 'warmongers'

July 25, 2019 Posted by FOREX MAROC , , No comments
North Korean leader Kim Jong Un inspected the demonstration of a "new-type tactical guided weapon" on Thursday as a warning to South Korean "warmongers" to stop importing weapons and conducting joint military drills, state media said on Friday.

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Wednesday, July 24, 2019

Accused sex trafficker Jeffrey Epstein injured in federal jail in New York

July 24, 2019 Posted by FOREX MAROC , , No comments
Accused sex trafficker Jeffrey Epstein was found injured in his cell in a federal jail in lower Manhattan, NBC News reported Wednesday night. Epstein was in a fetal position when he was discovered, sources told NBC.

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Salesforce expands footprint into China with Alibaba partnership

July 24, 2019 Posted by FOREX MAROC , , No comments
American cloud-based service provider Salesforce.com said Wednesday it will partner with Chinese e-commerce company Alibaba Group Holdings, as the U.S. company looks to make inroads into the Chinese software market.

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Tuesday, July 23, 2019

US House rejects Saudi weapons sales, Trump to veto

July 23, 2019 Posted by FOREX MAROC , , No comments
The U.S. House of Representatives passed three resolutions on Wednesday, which would block the sale of precision-guided munitions and related equipment to Saudi Arabia and the United Arab Emirates. President Donald Trump has promised a veto.

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South Korea asks Japan not to impose tougher trade conditions

July 23, 2019 Posted by FOREX MAROC , , No comments
South Korea said on Wednesday a Japanese plan to remove South Korea from a Japanese list of countries that face minimum trade restrictions would impose tougher conditions without legitimate grounds and consultation.

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China's credit push to small firms falters in factory heartland

July 23, 2019 Posted by FOREX MAROC , , No comments
Several Chinese bankers have told Reuters they have little appetite to lend to smaller companies due to the uncertain economic outlook, the U.S.-China trade war and a years-long drive to purge risks from the financial system.

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Monday, July 22, 2019

Pakistan's prime minister visits Trump, but that's not likely to help his country's economy

July 22, 2019 Posted by FOREX MAROC , , No comments
Michael Kugelman from the U.S.-based Wilson Center says other issues take precedence in the bilateral dialogue between the United States and Pakistan — namely, Afghanistan and counter-terrorism.

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China says it needs 'arduous efforts' to meet 2019 industrial output goal

July 22, 2019 Posted by FOREX MAROC , , No comments
Beijing says it can still meet its 2019 growth target of between 6% and 6.5% and continues to roll out stimulus measures to prop up activity. China set a 2019 industrial output growth target of 5.5%-6.0%.

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South Korea says it fired warning shots at Russian military aircraft that violated its airspace

July 22, 2019 Posted by FOREX MAROC , , No comments
The South Korean military fired two warning shots at a Russian military aircraft that entered South Korean airspace on Tuesday, the Ministry of National Defense in Seoul said, and Chinese military aircraft had also entered South Korean airspace.

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Sunday, July 21, 2019

Cambodia denies deal to allow armed Chinese forces at its naval base

July 21, 2019 Posted by FOREX MAROC , , No comments
The agreement between Cambodia and China would give China an enhanced ability to assert contested territorial claims and economic interests in the South China Sea, the Wall Street Journal reported on Sunday.

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These four Asian countries account for almost 20% of global travel spending

July 21, 2019 Posted by FOREX MAROC , , No comments
Outbound travelers from four major Asia Pacific markets accounted for close to one-fifth of global travel spending last year, highlighting the region's burgeoning travel appetite, according to a new Mastercard report.

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Shinzo Abe's ruling coalition falls short of super-majority needed to change Japan's constitution

July 21, 2019 Posted by FOREX MAROC , , No comments
Prime Minister Shinzo Abe's ruling coalition secured a majority in Japan's upper house of parliament in elections Sunday but will not reach the super-majority needed to propose constitutional revisions.

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UK finance minister Hammond to resign on Wednesday over no-deal Brexit

July 21, 2019 Posted by FOREX MAROC , , No comments
Britain's finance minister Philip Hammond said on Sunday he would resign on Wednesday before his expected sacking by the favourite to become Britain's next prime minister, Boris Johnson, takes office.

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Saturday, July 20, 2019

Thursday, July 18, 2019

BMW, Tencent to open computing center in China for self-driving cars

July 18, 2019 Posted by FOREX MAROC , , No comments
The computing center launched by BMW and Tencent will start operations by the end of the year. It will provide cars with data-crunching capabilities to help them drive semi-autonomously and, eventually, autonomously.

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US-China officials discuss trade, Mnuchin suggests possible in-person talks

July 18, 2019 Posted by FOREX MAROC , , No comments
"Right now we're having principal-level calls and to the extent that it makes sense for us to set up in-person meetings, I would anticipate that we would be doing that," U.S. Treasury Secretary Steven Mnuchin told Reuters.

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UK's new leader must urgently decide on including Huawei in 5G network, lawmakers say

July 18, 2019 Posted by FOREX MAROC , , No comments
The new prime minister must take a decision on whether to include China's Huawei in Britain's 5G telecoms network urgently as the ongoing debate is damaging international relations, a powerful committee of UK lawmakers said on Friday.

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Wednesday, July 17, 2019

Investors should look at these countries which have benefited from the trade dispute, analyst says

July 17, 2019 Posted by FOREX MAROC , , No comments
Andrew Gillan of Janus Henderson Investors says he likes markets in the Philippines and Indonesia, and explains why it's difficult to invest in Vietnam despite its attractiveness.

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IMF sees dangers from trade tensions and says the dollar is overvalued

July 17, 2019 Posted by FOREX MAROC , , No comments
The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and China's yuan were seen as broadly in line with fundamentals.

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Japan urges G-7 to think beyond existing rules in dealing with Libra

July 17, 2019 Posted by FOREX MAROC , , No comments
Japanese Finance Minister Taro Aso on Wednesday urged his G-7 counterparts to make a comprehensive assessment of Facebook's Libra digital currency for any fresh challenges that could be overlooked by existing regulations.

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US House rejects Saudi weapons sales, Trump to veto

July 17, 2019 Posted by FOREX MAROC , , No comments
The U.S. House of Representatives passed three resolutions on Wednesday, which would block the sale of precision-guided munitions and related equipment to Saudi Arabia and the United Arab Emirates. President Donald Trump has promised a veto.

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Tuesday, July 16, 2019

Tencent-backed live-streaming firm DouYu prices US IPO at low end of range

July 16, 2019 Posted by FOREX MAROC , , No comments
DouYu sold American depository shares at $11.5 each, compared with a previously stated target of $11.50 to $14.00, the firm said. That makes the deal the largest Chinese IPO in the U.S. so far in 2019.

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Manny Pacquiao camp denies Amir Khan claims over Saudi Arabia boxing bout

July 16, 2019 Posted by FOREX MAROC , , No comments
"Manny has not signed any contract. As far as I know it has not even been discussed," Pacquiao's publicist Fred Sternberg told the BBC, on claims that Pacquiao will take on Amir Khan in Saudi Arabia later this year.

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China may be signaling it's going hard-line but it still wants a trade deal, says ex-negotiator

July 16, 2019 Posted by FOREX MAROC , , No comments
China may have just signaled it's going more hard-line on trade, but it could actually be a good thing, former top White House trade negotiator Clete Willems told CNBC on Wednesday.

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World Trade Organization opens the way for Chinese sanctions against US tariffs in Obama-era

July 16, 2019 Posted by FOREX MAROC , , No comments
The WTO ruling recognized that the United States had proved that China used state-owned enterprises to subsidize and distort its economy. But the U.S. must accept Chinese prices to measure subsidies, even though USTR viewed those prices as "distorted," it also said.

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European lawmakers send mixed signals ahead of critical vote on Merkel's ally

July 16, 2019 Posted by FOREX MAROC , , No comments
Von der Leyen, one of the longest serving ministers in Germany, has tried to woo European lawmakers over the last two weeks – to convince them she is the right person to become the next European Commission President.

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Monday, July 15, 2019

Alibaba shareholders approve stock split that could boost shares ahead of reported Hong Kong IPO

July 15, 2019 Posted by FOREX MAROC , , No comments
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong listing.

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Sunday, July 14, 2019

New Zealand fans agonize after defeat in thrilling Cricket world cup final

July 14, 2019 Posted by FOREX MAROC , , No comments
With the match tied after England were bowled out for 241 with the last ball of the 50th over, both teams scored 15 runs in a nerve-jangling Super Over. But England won because they had hit more boundaries in the match.

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Clashes break out as Hong Kong protesters escalate fight

July 14, 2019 Posted by FOREX MAROC , , No comments
Tens of thousands rallied in a large Hong Kong suburb on Sunday, driven by abiding anger at the government's handling of an extradition bill. Clashes broke out as protesters hurled umbrellas and plastic bottles at police.

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Iran is ready to talk if the US lifts sanctions, says President Rouhani

July 14, 2019 Posted by FOREX MAROC , , No comments
"We have always believed in talks ... if they lift sanctions, end the imposed economic pressure and return to the deal, we are ready to hold talks with America today, right now and anywhere," Iranian President Hassan Rouhani said Sunday.

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The Zoom bug that could've let hackers spy on video meetings tapped into people's deepest tech fears

July 14, 2019 Posted by FOREX MAROC , , No comments
A big, public reaction to what should have been a minor fix in the Zoom collaboration tool says more about consumers' growing discomfort about the realities of the video and audio tools that now surround us.

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UK police identify suspect behind leaked envoy memos: Sunday Times

July 14, 2019 Posted by FOREX MAROC , , No comments
The suspect behind the leak of confidential memos from Britain's Washington ambassador, which sparked a major diplomatic rift with the United States, has been identified, the Sunday Times newspaper reported.

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Saturday, July 13, 2019

How cricket in India became one of the most valuable opportunities in sports

July 13, 2019 Posted by FOREX MAROC , , No comments
The Indian Premier League, or IPL, is a relatively new league, but it is already one of the richest cricket tournaments on the planet. In 2018, the IPL was valued at $6.3 billion, according to financial advisory firm Duff & Phelps.

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Friday, July 12, 2019

Daimler warns of second-quarter profit significantly below expectations

July 12, 2019 Posted by FOREX MAROC , , No comments
Luxury carmaker Daimler on Friday warned investors that it expected a second-quarter loss before interest and taxes of 1.6 billion euros ($1.80 billion) after a 2.6 billion profit posted in the year earlier period.

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Thomas Cook shares slump 30% on rescue talks with China's Fosun

July 12, 2019 Posted by FOREX MAROC , , No comments
Thomas Cook is in talks with largest shareholder Fosun Tourism and lenders for a £750 million ($940.9 million) bailout, a proposal giving the Chinese firm control of the British company's core packaged-tour business.

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Thursday, July 11, 2019

India's 'regressive' e-commerce rules could hurt trade ties, Walmart tells US government

July 11, 2019 Posted by FOREX MAROC , , No comments
Walmart told the U.S.government privately in January that India's new investment rules for e-commerce were regressive and had the potential to hurt trade ties, a company document seen by Reuters showed.

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Another foreign executive, this time from Koch Industries, reportedly interrogated in China

July 11, 2019 Posted by FOREX MAROC , , No comments
A Koch Industries executive was prevented from leaving the immediate vicinity of his hotel in southern China in early June, The New York Times reported Thursday, citing three sources.

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Wednesday, July 10, 2019

Thailand's cooling car sales may shift economy into lower gear

July 10, 2019 Posted by FOREX MAROC , , No comments
Efforts by Thailand's central bank to talk down a spike in auto loans amid wider concerns about household debt have sent a chill across the country's car dealers, which are struggling to source finance for new customers.

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Iranian boats harass British tanker in the Gulf: US officials

July 10, 2019 Posted by FOREX MAROC , , No comments
Five boats believed to belong to Iranian Revolutionary Guards approached a British oil tanker in the Gulf on Wednesday and asked it to stop in Iranian waters close by, but withdrew after a British warship warned them, U.S. officials said.

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Europe should brace for US tariffs on several fronts: German official

July 10, 2019 Posted by FOREX MAROC , , No comments
While there was continued U.S. interest in dialogue with Europe, the Trump administration nonetheless appeared poised to impose tariffs, said Germany's transatlantic coordinator and member of parliament, Peter Beyer.

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US to probe proposed French tech tax, concerned it 'unfairly targets American companies'

July 10, 2019 Posted by FOREX MAROC , , No comments
"The United States is very concerned that the digital services tax which is expected to pass the French Senate tomorrow unfairly targets American companies," U.S. Trade Representative Robert Lighthizer said.

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Logitech's gaming and video conferencing businesses have 'billion-dollar potential,' says CEO

July 10, 2019 Posted by FOREX MAROC , , No comments
Logitech's gaming arm achieved $648 million in net sales in the 2019 fiscal year, and its video collaboration market hit $260 million, according to the firm's latest financial report.

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