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Post by luisforexmart on Oct 10, 2016 5:45:55 GMT -5
International Monetary Fund Warns of Possible Disruption in Asian Capital Flows due to Fed Interest Rate Hike The International Monetary Fund released a statement on Thursday that warned investors that varying reactions on the impending interest rate hike by the Federal Reserve could disturb Asian capital flows and could also increase the volatility of asset prices in Asia. The IMF also stated that the prospective growth of much more advanced nations can have negative effects on the Asian economy especially since the region’s weak export rates could have an impact on their overall growth and inflation rates.  |
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Post by luisforexmart on Oct 14, 2016 2:10:08 GMT -5
European Stocks Weaken as Oil Companies Start Pulling Out Shares
The European stock market experienced significant losses last Tuesday after a large-scale shares pullout by major oil companies caused a dent in the EU market. The index for the Pan-European STOXX 600 dropped by 0.3%, causing the index to have an annual decrease of already 7% for the whole of 2016. Meanwhile, the STOXX Europe 600 Oil and Gas index also decreased by 0.4% after oil prices recoiled from their previous annual highs. However, the shares for European luxury goods increased, with an unexpected stimulation in its total sales for the third quarter.
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Post by luisforexmart on Oct 14, 2016 2:11:23 GMT -5
The pursuant of Hard-Brexit would cause the Britain to lose up to £66bn, the Treasury warns
After the major news regarding the British exit that brought extreme damages in the overall economy of UK, the concept of hard-brexit rose by which experts discussed it as the withdrawal in the single market along with dropping its membership to EU customs union and it is believe that this is a harm-generating occurrence.
As it was stated by the HM treasury, the region is expected to lose as much as £66bn, in case that type of Brexit option will be executed. In accordance to the statement from the elected officials, there would be a 9.5% decline to the country's GDP.
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Post by luisforexmart on Oct 14, 2016 2:39:42 GMT -5
Volkswagen Plans to Reduce Workforce Yearly
Top management of Volkswagen may reduce around 2,500 jobs every year for the span of 10 years through early retirement. This is a step for the plan to cut expenses as a future strategy without dismissing thousands of workers abruptly. On the other hand, they are in need of additional workforce for “software development and mobility services” to counteract the Diesel Emission scandal saying they cheated on their pollution emission tests in US.
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Post by luisforexmart on Oct 14, 2016 2:43:23 GMT -5
Group of investors sued Toshiba Corp regarding financial misdeeds. As per the statement from the Toshiba Corporation, foreign investors brought them some legal charges about the fraudulent income statements worth 16.7 billion yen ($162.29 million), this scandal is considered to be the largest amount claimed deposit up to now. The conglomerate company also announced that there are total of 45 foreign organizations filed cases in the district court of Tokyo. Hence, the corporation received the legal document last Wednesday. Following the first lawsuit is another 15 appeals with a combined amount of 15.3 billion yen ($147.3 million) concerning the misconduct occurred last year. However, the enterprise revealed that during 2008 there did approve inflated profits.  |
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Post by luisforexmart on Oct 14, 2016 2:51:18 GMT -5
Weak Trades in China Slows Down Economic Growth The exports and imports in China fell short of expectations as it dropped by 10% and 1.9% respectively in US dollars. This was triggered by a weak demand both domestically and internationally affected by the price hike in oil. Although in China’s perspective this became an advantage with higher returns. For analysts this is a sign for a slow growth in the economy but it is still inconclusive to say unless there is another substantial report that confirms slow development.  |
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Post by luisforexmart on Oct 14, 2016 3:06:43 GMT -5
Asian Stocks and USD Inch Higher amid Relief on Chinese Inflation Data The US dollar as well as Asian stocks experienced a significant increase on Friday which cancelled out the previous losses from Thursday due to a highly positive Chinese inflation data, which erased certain doubts with regards to the current state of the Chinese economy. The MSCI index of Asia-Pacific shares, particularly the MIAPJ0000PUS increased by 0.4% following a drop of 1.1% last Thursday which was caused by a decrease in China’s export numbers that led to a surge in US yields and interrupted the movement of the USD.  |
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Post by luisforexmart on Oct 14, 2016 3:14:31 GMT -5
Fed's minutes were released, increase of rates reaffirmed Ten out seventeen committee officials who are present in the US Federal Reserve meeting had approved the raise of rates. They gave a “close call” because inflation were seen falling at 2% and indication for the build up of impetus for expanding the rising wages is not yet visible. Rates swings between 0.25% and 0.5% According to the meeting, "several members judged that it would be appropriate to increase the target range for the federal funds rate relatively soon if economic developments unfolded about as expected."  |
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Post by luisforexmart on Oct 14, 2016 3:18:00 GMT -5
New Investment Fund Between Softbank and Saudi Arabia Softbank announced to form a new investment fund with Saudi Arabia. This company is a Japanese multinational telecommunication company who has been successful with their past investments with company acquisitions such as Alibaba. Softbank plans to invest amounting to a minimum of $25 billion which is part of their Softbank Vision Fund while Saudi Arabia put in not less than $45 billion. This investment fund hopes for a long-term financial returns for both sides. At any rate, this partnership may grow bigger and take into consideration other companies to join.  |
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Post by luisforexmart on Oct 14, 2016 3:27:20 GMT -5
#ForexMart #ContestMoneyFall The current contest has already started on October 10, 2016 and will end on October 14, 2016. You can register for the next competition which will take place from October 17, 2016 to October 21, 2016 (Terminal time). . Note: Registration for the next competition finishes 1 hour before the contest starts. Visit- www.forexmart.com/forex-contests/money-fall/winners |
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Post by luisforexmart on Oct 14, 2016 3:29:49 GMT -5
#ForexMart #HKMZvolen ForexMart Cements New Partnership with HKM Zvolen ForexMart has added a new industry giant in its growing list of partnerships with established sports companies: HKM Zvolen. Hokejový Klub mesta Zvolen or HKM Zvolen for short is one of the most celebrated hockey teams in Slovakia. The professional hockey club has established a long rich history that can be traced back as early as 1927. The club has two Slovak league championship under its belt and the 2005 IIHF Continental Cup. The partnership between ForexMart and HKM Zvolen has been an awaited collaboration with both companies enthusiastic for a prosperous relationship. Executives of ForexMart expressed their optimism with the new partnership. "Gaining a new partner in this business is a sign of enduring success for both parties. I am excited at the prospects of cooperation with HKM Zvolen because I see a future full of possibilities. We are ready to win not only in the hockey rink but also in business.” - Savvas Patsalides, ForexMart CEO “I've always believed that winning can only be achieved through hard work and solid teamwork, qualities that are the essence of both ForexMart and HKM Zvolen. We are proud of this partnership because just like them, we are in the business not only to win, but also to grow as a team with our clients.” - Ildar Sharipov, ForexMart President ForexMart and HKM Zvolen will launch collaborative projects that intend to promote both companies. ForexMart will also stand as sponsor of the hockey team with the HKM Zvolen players bearing the official ForexMart logo in their upcoming games. ForexMart and HKM Zvolen awaits a bright future with this collaboration.  |
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Post by luisforexmart on Oct 18, 2016 4:00:53 GMT -5
UK PM Theresa May Faces Pressure to Explain Strategies for Brexit amid Possible Vote from Legislators UK Prime Minister Theresa May is currently facing renewed pressure to divulge her Brexit strategies before the Prime Minister starts taking formal steps for the UK to be able to leave the European Union. A group of legislators has demanded over the weekend that UK government should first submit a proper outline of its Brexit plans to the Parliament before formally withdrawing from the European Union. The said group has initially argued that the Brexit referendum only asked its voters whether they wanted to leave the eurozone and failed to indicate the terms and conditions of this particular referendum. It can be recalled that Theresa May was forced to backup a Labour motion last week after legislators called for a thorough review of her supposed strategy.  |
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Post by luisforexmart on Oct 18, 2016 4:05:35 GMT -5
The latest fact check label had been introduced by Google News Google presents its own fact checker which will help the readers to distinguish the level of accuracy of a certain news especially those large stories. The newly launch tool fully function together with the technique called Claim Review, the reviewed item will then gave a rating that indicates whether a specific report used compatible resources. The fact checker of Google will be completely start its rolling upon the time of U.S presidential election.  |
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Post by luisforexmart on Oct 18, 2016 4:15:50 GMT -5
Fed Vice Chairman Stanley Fischer Warns of High-Pressure Economy Risks Vice Chairman Stanley Fischer of the Federal Reserve has recently warned of the risks brought about by a high-pressure economy, after the Fed has recently outlined its plans to further decrease unemployment rates, which is characterized by an increased economic pressure. Fischer also cited cases in the past wherein central banks reduced its unemployment rates way beyond its sustainable level, which has more often than not resulted to increased inflation. Economists are saying that this difference of statements between the two Fed officials are pursuant of an ongoing opinion divergence between the bank’s officials.  |
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Post by luisforexmart on Oct 18, 2016 4:38:36 GMT -5
Earnings of self-employed workers had fallen According to the Resolution Foundation, the labor force of self-employed individuals in the United Kingdom expanded by 45 percent, however their remuneration depreciated by £60 ($73.37). Due to the continuous lowering salary for all kinds of jobs including also the unsustainable financial system of the country. Economic analyst, Adam Corlett who works on the same foundation stated that there are 5 million wage earners categorized as self-employed or about one out of seven laborers are independent or non-staff. This consists of hairdressers, taxi drivers and tutors. It is estimated that an average self-employed workers earns for about £240 (293.53 US Dollar) per week during the fiscal year 2014-15.  |
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