Global Markets Sluggish Wednesday

Asian markets were mixed Wednesday as optimism over a potential coronavirus vaccine earlier this week steadily begins to fade. The Nikkei index in Tokyo gained nearly 162 points to finish 0.7% higher, while Sydney’s S&P/ASX, the KOSPI in Seoul and Taiwan’s TSEC index had all earned 0.4% by late afternoon. Hong Kong and Shanghai were […]

Iranian currency rates for May 19

The Central Bank of Iran (CBI) has announced the official rate of foreign currencies on May 19, Trend reports referring to CBI. According to the currency exchange rate of the Central Bank of Iran, 26 currencies have increased and 8 have decreased compared to May 18. According to CBI, $1 equals 42,000 Iranian rials and 1 euro […]

Potential Coronavirus Vaccine Sends Asian Markets Upward Tuesday

Asian markets are soaring in midday trading Tuesday thanks to news of a promising vaccine for the novel coronavirus. Japan’s Nikkei index and the Hang Seng in Hong Kong are trading 1.8% higher, while Seoul’s KOSPI index and the S&P/ASX in Sydney have earned just over 2%.  Shanghai is up 0.6%, and Taiwan is over […]

US, European Markets Stumble on Economic Predictions

U.S. stocks and financial markets posted losses Tuesday amid predictions of slow economic recovery. Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell testified before the Senate Banking, Housing and Urban Affairs committee earlier Tuesday about the results of the $2.2 trillion federal stimulus package. Powell said the U.S. economy could take until the […]

Iranian currency rates for May 18

The Central Bank of Iran (CBI) has announced the official rate of foreign currencies on May 18, Trend reports referring to CBI. According to the currency exchange rate of the Central Bank of Iran, 28 currencies have increased and 8 have decreased compared to May 16. According to CBI, $1 equals 42,000 Iranian rials and 1 euro […]

Asian, European Markets Begin Week with Significant Gains

Asian markets are on the rise Monday as more and more nations continue to slowly emerge from the lockdowns imposed to halt the coronavirus pandemic. Tokyo’s Nikkei index closed 0.4% higher, despite news earlier in the day that Japan had technically fallen into recession for the first time since 2010 after two straight quarters of […]

Europe, Asia Continue Wary Re-Opening

Spain’s two largest cities remain in coronavirus related lockdowns Sunday as the rest of the country begins slowly reopening. Spain, which currently has recorded the fourth-highest death toll due to the coronavirus in the world, reported a death toll of under 100 people Sunday – the lowest recorded since its lockdown began in mid-March. Italy […]

COVID Pandemic Weakens National Economies as Countries Continue to Reopen

The coronavirus pandemic continues to take a toll on national economies, with Germany among its latest victims. The pandemic pushed the European economic powerhouse into a recession in the first quarter, as its economy shrank by 2.2 percent. Germany’s federal statistics agency said Friday the economy’s decline over the last quarter in 2019 was “the […]