Market News

After Turkey also India is to be joining Russia's Rouble-based alternative to SWIFT. Together with China, which is already linked, these countries could create the widest demographic area using the system. According to Gulf Brokers analysis, the dominance of the U.S. dollar is to be challenged. After repeated warnings over the past few years, Turkey...

US-China trade talk pushed European shares on 4-year highs on Wednesday. American shares are hitting new highs every week, so it wasn’t curious that European shares follow the trend. The main reason of positive sentiment was that Trump said: ‘’talks are in final throes of work’’. Good sign is Washington’s support for protests in Hong...

Everybody talks about optimism on the financial markets, because Chinese American talks are going like Trump says: ‘’going well.’’ But is it only one aspect of the growth? It is truth that main mover of the market is high probability that phase one will be cancelled and if it happened investors expect that all import...

The U.S. Federal Communications Commission voted to ban China’s Huawei and ZTE because of national risk. Voting means that rural U.S. telecom carriers will change cheap equipment from Huawei. Government fund is planning to spend 8.5 billion dollars. Huawei responded on this order as unlawful and asked FCC to change their mind, but their connections...

Alibaba Group Holding started to price their stocks at around 175 HK (approx. 22.49 USD) and raised about 11 billion USD emits the shares on the Hong Kong bourse. The final price can change because it is not formally set. Second time it can change after putting stocks on secondary market. Many analysts say that...