Daily Company News by ForexMart

[Luis ForexMart]

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.

 

[Luis ForexMart]

#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- https://www.forexmart.com/forex-contests/money-fall/winners

 

[Luis ForexMart]

#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.

 

[Luis ForexMart]

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.

 

[Luis ForexMart]

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.

 

[Luis ForexMart]

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.

 

[Luis ForexMart]

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.

 

[Luis ForexMart]

Six Billion Bilateral Fund Needed Before IMF Agreed to Loan Egypt.

The International Monetary Fund has acceded on a $12 billion loan for three years with Egypt. They agreement is the need to secure a $6 billion bilateral funds before the approval of IMF. This is part of government’s reform program to curb budget gap and stabilitate the currency market. The government is also planning for a new investment law and the awaited 13% Value Added Tax while IMF hopes for Egypt to focus on easing monetary policies and lessen inflation.

 

[Luis ForexMart]

Canadian Stocks Decrease in Value after Drop in Commodity Prices Affect Index

The value of Canadian stocks finally dropped during Monday’s session after five days’ worth of rallying as a result of falling commodity prices which added more pressure to commodity-based companies. The S&P/TSX Composite Index for Canada decreased by 0.1% and is currently resting the at 14,923.01 level. The index increased last week by up to 2.4%, while profits from energy production and mining caused the index to surge by up to 15% for 2016, making this particular index the top performing equity market in the international platform, surpassing that of the UK and New Zealand.

 

[Luis ForexMart]

Better U.S stocks are to be expected under the Democrat

Financial markets remain ambiguous amid the upcoming presidential elections, however, investors believe that stocks would probably thrive in case that 2016 Democrat Presidential Candidate, Hillary Clinton gain the victory.

This inference was based on the latest study conducted by Brookings Institution, this will serve as a supporting document of the “stock market's preference for Clinton“

An economist from the University of Michigan, Justin Wolfers and Eric Zitzewitz of Dartmouth College, an economist as well had tracked the markets overall attitude regarding the past events by which favors Clinton hence, this helped the Former Secretary of the State to heighten the probable chance of winning the position.

They further studied that S&P 500 index is expected to make a 12% surge upon Clinton’s administration compared to its rival, Donald Trump. Additionally, the market is possible for a lower volatility rate of 15-30%. While the treasury yields will expand up to 25 basis points and finally, the oil barrel will have an additional 4% for trading.

Most of the researchers had envisioned that Clinton’s triumph will largely make a breakthrough in the global market considering that the presidential result will be issued on November, the result can be felt on both local and international markets.