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South Korean President Park Geun-hye Impeached amid Corruption Probe
A South Korean court has unanimously ruled for South Korean president Park Geun-hye’s impeachment following a corruption probe which has led to possibly one of the largest political scandals in the country’s history. The ruling states that the now former president must immediately vacate her luxurious Blue House residence in Seoul and has rendered the former president literally powerless. The impeachment must also immediately be followed by a presidential election within 60 days, and as of the moment, key opposition figures are leading in the country’s polls.
News are provided by ForexMart. |
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Ford’s Lincoln Aims to Manufacture SUVs in China
Lincoln automobiles under Ford Motors Co’s plans to advance its entry to China and was doing some analysis on whether to manufacture cars locally. It aims to produce luxury SUVs in China by late 2019 with a bigger target of 80 stores by the end of the year from the former figure of 60 compared to the previous year of 65 Lincoln chain stores.
This move is aligned with the goals of competing with U.S. and German rivals as part of the world’s biggest auto market hereby prompted to design a car models particularly SUVs, to match the Chinese preference. Currently, the Lincoln automobiles are imported to China which a boost in sales as high as 180 percent in the previous year.
News are provided by ForexMart. |
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British Parliament Gives Theresa May Brexit Go Signal
British Prime Minister Theresa May is now preparing to jumpstart the actual Brexit process this coming last week of March after finally getting the approval from policymakers to begin two years’ worth of negotiations with the European Union. The British Parliament has finally passed the legislation which will enable the UK government to invoke the Lisbon Treaty’s Article 50, with the formal announcement for the Brexit expected to be announced before this month ends.
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KSA Reverses One-Third of Production Cuts, Excess Oil Stockpiled
The Kingdom of Saudi Arabia has stated to OPEC that the country has reverted part of its supply cuts during the previous month and has pumped over 10 million bpd as the country aims to enliven its supply within its storage tanks. As seen in the OPEC report last Tuesday, the KSA has increased its oil production from 263,300 bpd to roughly 10.11 million bpd. Prior to this development, Oil prices had drastically decreased on top of speculations that the Middle Eastern country has become impatient with regards to other oil producers failing to meet their respective cutbacks. The Saudi Arabian Energy Ministry has additionally stated that the extra oil supply will be moved into the country’s storage.
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Fed Hikes Interest Rates as Jobs Data, Inflation Rise
The US Federal Reserve implemented another interest rate hike last Wednesday, the central bank’s second rate hike within a three-month period. The said rate hike was allegedly spurred by a consistently positive economic growth and steady job gains as well as a rising confidence in the country’s inflation rates. The Fed increased its rates by 0.25 basis points in order to reach the 75% range as part of the central bank’s attempt to revert its monetary policies to its previous stance. However, the central bank emphasized that its subsequent interest rates would be on a more gradual pacing, especially since its rates are not scheduled to retreat to its neutral region within two years.
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We make adherence to industry regulations and standards our topmost priority. ForexMart is in the business of facilitating clients' orders and safeguarding their funds. We separate all risks by our assets. Our company is not engaged in proprietary trading and we don't use our assets to hedge against trades.
Our company is part of the Investor Compensation Fund, a fund formed by the Investment Firms Law 2002, aimed at protecting the claims of covered clients against the firm's members by covering their failure to perform their obligations.
If an investment firm fails to return the money owed to their clients or turn over the assets that belong to its customers, the fund shall pay up to |
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British Spending Growth Might Weaken in the Long Run—PwC
PricewaterhouseCoopers LLP stated UK consumer spending would probably weaken in the long run after its value dropped by over 2% this year as compared to last year’s 3% reading. The country’s spending rates is expected to slow down by 1.7% next year since income gains might be unable to keep in pace with inflation rates. British people might also have to cutback on spending as housing spending might only compose 30% of the country’s total household budget by 2030.
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North Korea Tests High-Thrust Rocket Engine Anew
North Korea has recently carried out the testing of a brand new high-thrust rocket engine which has been tagged as a breakthrough for the nation’s space program according to North Korean leader Kim Jong Un last Sunday. As stated by the Korean Central News Agency, the rocket testing was made in order to gauge the overall functionality of the engine, including its safety and the dependability of its controls. The report from the country’s news agency stated that this will be used for North Korea’s space program, particularly on its satellite-launching program.
News are provided by ForexMart. |
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Trade immediately and with more capital. The No Deposit Bonus program enables traders to test our superb trading platforms without experiencing any investment risk. All it takes is creating and validating an account. Please take note that the bonus can be availed once and cannot be combined with other kinds of bonuses.
To register trading account, please go to the Open A Live Account |
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Asian Stocks Drop as JPY, Bonds Surge
Asian stocks dropped as the Japanese yen maintained its hold on its recent gains while bonds surged in value after Fed officials re-sparked the debate on the central bank’s timing with regards to its monetary policy adjustments in the future. Chicago Fed President Charles Evans stated that the Federal Reserve could raise its rates by up to four times this year, although his colleague, fellow Fed official Neel Kashkari states that the Fed could might as well take its time with regards to hiking its interest rates.
News are provided by ForexMart. |
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As the world's new trusted forex trading partner, ForexMart offers different partnership packages to maximize your profits and establish your presence in the industry.
Advantages:
Unparalleled trading conditions for clients
5 types of Partnership
High affiliate commissions
User-friendly interface and extensive statistics
Complete marketing tools
Personal affiliate manager
Register a Partner Account |
|
|
|
|
|
|
|
We make adherence to industry regulations and standards our topmost priority. ForexMart is in the business of facilitating clients' orders and safeguarding their funds. We separate all risks by our assets. Our company is not engaged in proprietary trading and we don't use our assets to hedge against trades.
Our company is part of the Investor Compensation Fund, a fund formed by the Investment Firms Law 2002, aimed at protecting the claims of covered clients against the firm's members by covering their failure to perform their obligations.
If an investment firm fails to return the money owed to their clients or turn over the assets that belong to its customers, the fund shall pay up to |
|
|
|
|
|
|
|
VIP Tickets to Las Palmas Home Game
See the UD Las Palmas live in action this season!
Grab this once in a lifetime opportunity to win free VIP tickets and join ForexMart’s raffle now. See you at the match! |
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