The most expensive company in the world in terms of market capitalization has again become Saudi Aramco, according to trading data on the Saudi Tadawul exchange and the new York stock exchange (NYSE). During the September 4 trading session, Apple’s…
Month: August 2020
Rich Asians stocked up on cash
Asian rich people have started hoarding cash to make deals when the coronavirus pandemic goes down. This is reported by Bloomberg. According to the head of DBS Group Holdings, Joseph POON, in recent months, customers have increased their money supply…
The next global reserve currency is named
The Chinese yuan may become the third global reserve currency after the dollar and Euro in the next ten years. This is the conclusion reached by analysts at Morgan Stanley, writes CNBC. The growth of investment in the Chinese economy…
The world’s largest Bank is facing a shortage of money
Chinese banks, including the world’s largest credit institution Industrial & Commercial Bank of China (ICBC), are facing a shortage of money and are going to borrow a record amount. Banks plan to issue $ 29 billion in bonds in September…
The American rich have become dramatically impoverished by billions of dollars
Ten of the richest American businessmen in the IT industry lost $ 44 billion due to the fall of stock exchanges, writes Bloomberg. Europe is looking for a way out of the worst crisis in recent history. The price of…