Market Updates

12 Jul 2018

Facebook faces UK fine for data breaches

The UK’s Information Commissioner’s Office (ICO) is hitting Facebook with the maximum possible fine of around $660,000 after the country’s privacy watchdog said its data sharing scandal broke the law. The ICO stated Facebook failed to safeguard people’s information and the social med [...]

09 Jul 2018

Crude prices rose as investors eye tight market

Oil prices edged up on Monday as investors stay focused on tight market conditions after last week’s data revealed that the US crude oil inventories fell to their lowest level in more than three years. The Organization of the Petroleum Exporting Countries (OPEC) and other countries agreed [...]

06 Jul 2018

Iran and world powers meet to save nuclear deal

Iran is set to meet world powers to present measures guaranteeing oil revenue and investment despite US sanctions. President Donald Trump pulled the United States out of the multinational deal in May under which sanctions on Iran were lifted. Foreign ministers from Britain, China, France, Ge [...]

05 Jul 2018

China says will not fire first shot in trade war

On Wednesday, the finance ministry said that China will “absolutely not” fire the first shot in a trade war with the United States and it will not be the first levy tariffs. China has threatened tariffs on $34 billion of US goods from the beginning of the day on Friday in response to Was [...]

04 Jul 2018

Chinese tariffs on US goods take effect at start of July 6

Chinese tariffs worth $34 billion of US goods will take effect from midnight July 6 Beijing time, according to a source. Beijing has vowed to retaliate in kind on the same day when Washington said it would implement tariffs. Beijing is preparing to impose 25% tariffs on over $30bn of America [...]