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August 6, 2019

21% growth in trading value on IME

Tehran (ISNA) - At the End of July 2019, while different trading floors of the Iran Mercantile Exchange witnessed trading of more than 2,60 million tonnes of commodities worth over $2,510 million, the trading volume and value experienced a growth of 21% and 15%, respectively. According to the report by the IME’s International Affairs and PR, during the last month,…
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August 6, 2019

Tanzania Signs Deal On New Bridge to Cut Time On Central Corridor

Tanzania has struck a blow for the Central Corridor transport system, after the country signed a deal with two Chinese groups -- China Civil Engineering Construction and China Railway 15th Bureau -- for the construction of a 3.2km bridge over parts of Lake Victoria. The bridge will connect Kigongo and Busisi areas in Mwanza region, and help to link Tanzania…
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August 6, 2019

Investors Bet Bank of England Will Cut Rates Below Zero by Early 2021

Investors have begun betting that the Bank of England will join the European Central Bank in cutting interest rates below zero. Traders bought more than 21,000 option contracts in the past month that will pay out if the BOE delves into negative territory by March 2021. The bets will succeed if the central bank buckles under the twin pressures of…
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August 6, 2019

Bitcoin Rises to $11,000

Bitcoin has been described a safe haven asset which would make investment in the cryptocurrency lucrative despite any economic fluctuations. The trade war between the the worlds largest economic powers heats up as the US imposed increased sanctions on Chinese goods. Bitcoin saw a 9% jump on Monday, a value increase indicative of a 'safe haven asset,' as it surges…
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