Month: July 2020

Pune: The Solvent Extractors Association (SEA), which represents the entire edible oil industry, has opposed the proposal of Soyabean Processors’ Association (SOPA) to put quantitative restrictions on import of soyabean and sunflower oil. SEA has claimed that putting quantitative restrictions will lead to flooding of the palm oil imports into the country. “We understand from
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NZD/USD witnessed an intraday turnaround from seven-month tops on Friday. Bears might now await a sustained break below the 0.6640 confluence support. The NZD/USD pair extended its sharp intraday pullback from near seven-month tops and refreshed daily lows, around mid-0.6600s during the early North American session. Bearish traders might now be aiming to challenge one-month-old
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China’s official PMI report reveals that economic activities continued to expand in July. However, the pace of recovery varied across sectors. Manufacturing and construction activities improved faster than expected, thanks to better overseas demand government’s stimulus measures. However, the services sector was dragged as household demand remained weak. Although PBOC has left the policy rate
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Apple reported a historically strong quarter on Thursday, including $59.7 billion in revenue and double-digit growth in its products and services segments, blowing away analyst estimates in a period deeply impacted by the coronavirus pandemic. The company also announced it plans to give investors three additional shares of Apple per share already owned at the end of August as
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A Manhattan federal judge has ruled that Longfin — a now defunct firm whose shares surged 1000% in 2017 after it bought an undervalued crypto company  —  must repay $223 million plus interest to investors over alleged securities fraud. In a July 29 order, Judge Denise Cote determined the nine-figure sum is collectively owed by
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