Federal Reserve Chairman Jerome Powell defended possible rate hikes in the following months. Recall that Trump had criticized the rate hikes.
In a meeting in …
Category: News
Alibaba’s revenues beat estimates, but net income decreases
Alibaba announced its first-quarter financial results. According to the announcement;
- Its revenues increased by 61%, which is higher than expectations. Increase is driven by its
Singapore Press Holdings Limited announced first quarter results
Singapore Press Holdings Limited today reported its results for the first quarter ended 30 November 2015 (1Q 2016). Net profit attributable to shareholders was $81.3 …
New year gift from China to U.S. stock markets on Monday: “Large loses”
On Monday (January, 2016), the U.S stock markets were highly negative, caused by increasing concerns on global economic slowdown related to China’s economy. After the …
China goes to double the required deposits for investors
China is going to double deposit required for investors in margin trading. Authorities aims to limit a practice that created a massive market bubble. According …
After Paris attacks, France closes borders
French president Francois Hollande declared the state of emergency in televised remarks Friday evening, calling the situation “an unprecedented terrorist attack.” Hollande closed France’s borders …
Persuasion of Creditors or Grexit?
Greece is meeting its creditors again Wednesday to try to persuade them to hand over the cash it needs to avoid a disastrous debt default. …
Greek debt problems led European stocks lower
European stock markets closed lower on Wednesday, as investors focused on the unfolding negotiations surrounding Greece’s debt problems.
The French CAC ended the day around …
Japan holds more U.S. debt than China
Data from the Treasury Department released Wednesday show that Japan owned $1.2244 trillion worth of U.S. government securities at the end of February, compared to …
Portugal’s central bank rescues Banco Espírito Santo
Bank of Portugal announced a rescue plan for Banco Espirito Santo on late Sunday. According to the rescue plan, a bad bank will be set …
For the week ended July 18, 2014: S&P 500 and Dow Jones Industrial Average have gains
For the week ended July 18 2014, S&P 500 and Dow Jones Industrial Average rose by 0.5% (10.65 points) and 0.9% (156.37 points), respectively, during …
Euro-zone industrial production fell by 1.1% in May
Euro-zone industrial production in May decreased by 1.1%, less than the expected 1.2% decrease, and it increased by 0.5% in yearly basis. The previous was …
Japanese industrial production increased by 0.7% in May
Japanese industrial production in May increased by 0.7%, higher than the expected 0.5%, and it increased by 1.0% in yearly basis.…
George Soros believes in the euro
According to interview by George Soros in a German weekly magazine, Der Spiegel, he said his team has been looking for investment opportunities in European …