OIL Oil is experiencing a perfect storm in which coronavirus is destroying the demand side, while supply is overwhelmed by the deluge on offer from Saudi Arabia. As a result, the price crashed to an historic low at $20, before attempting a rebound to $23. This scenario will probably not last for long, as for…
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Boeing ‘on the brink’ In the US, the Dow Jones Industrial Average was the hardest hit of the three major indices on Wednesday, closing 6.3% lower, with Chevron, Boeing and Travelers the biggest losers. Boeing fell another 17.9% despite rumblings of a government bailout for airlines and aerospace firms, taking its one month loss close…
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CoinZoom supports most popular cryptocurrencies including bitcoin (BC) and ether (ETH) in pairs with US dollar. The platform also provides facility for proof-of-stake (PoS) coins, which brings rewards for holders. CoinZoom already has a trending app for Apple iOS devices and can be also used as a remittance solution. CoinZoom founder and CEO Todd Crosland…
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The AMF asks investors to not do business with persons or entities associated with Magaffairs and to not pass their marketing advertisement to third parties. The AMF also reminds investors to follow these simple guidelines before making an investment: High returns always involve high risk and no advertising materials should be able to convince you…
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Porter is a Chartered Financial Analyst (CFA), he also has decades of experience in positions such as Chief Investment Officer, Chief Economist and Global Head of Fixed Income at major organizations such as the World Bank, to hedge funds, to Barclays and AXA. RJO Chief Sales Officer Dan Staniford commented: John has truly outstanding credentials,…
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News broke yesterday that President Trump’s administration is seeking a trillion-dollar stimulus package that could include sending Americans $1,000 checks in the coming weeks. Following this, 10-year US Treasury yields climbed back above 1%, having been below half that rate earlier in the month. Treasury Secretary Steven Mnuchin reportedly warned Republican senators that without action…
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Kurt vom Scheidt, Chief Operating Officer with OANDA, commented: A global leader in online multi-asset trading services, OANDA was built on the foundations of transparency and integrity. Over the course of our 24-year history, we’ve worked hard to meet the ever-changing needs of our clients. That’s why we’re pleased to announce the launch of MetaTrader…
Read moreINTL FCStone Inc announced today that its London-based subsidiary, INTL FCStone Ltd’s Foreign Exchange desk has joined Bloomberg’s electronic trading platform, FXGO, as a liquidity provider. The affiliation allows INTL FCStone Ltd to offer market participants added efficiencies for FX trading. Bloomberg’s FXGO enables service providers to contribute executable pricing across a wide arsenal of…
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The pan-European exchange, Euronext, announced yesterday the appointment of Georges Lauchard as Chief Operating Office. Lauchard will also become a member of the Managing Board of Euronext N.V., after all relevant corporate and regulatory approvals. Georges Lauchard has an international career in capital markets. His appointment will put him in a position to oversee Euronext…
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Retailers across the globe are shutting down stores to limit the spread of Covid-19. On 11 March the World Health Organization declared the coronavirus outbreak a pandemic and two days later US President Donald Trump declared national emergency. The past week a lot of contradictory events played out. As the seriousness of the spread was…
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