A key player in the offshore drilling industry, Valaris was the last in the row of the number of these companies filing for bankruptcy in the U.S. The company proposed swapping some of its 6.5 billion USD debt to transfer ownership to its creditors. However, this is the most recent problem of offshore drillers. Unsettled Read More…
Presently, the markets and real economies entirely seem to lack correlation. Even within the financial markets, equities or bonds/gold appears to be telling a different story. Financial markets Vs the economy relationship The real economy conveys the present situation (essentially, the macro statistics speaks about past event). The financial markets mark-down the future. What this means Read More…
While some people think the 2020 sudden fall in the relative value of the dollar will boost the economy of the US, some analysts worry that it may affect the global standing of the dollar. Although the two views reflect essential realities, none of them captures exactly the complete story. A USD fall of roughly Read More…
The economic growth of countries is estimated through their GDP, which is determined by two components: population growth and productivity of labor. The productivity of labor shows the ability for enhanced output from the available amount of labor in the economy. US Dollar (USD) The announcement also provided support to the USD, against the precious Read More…
Facebook (FB US) equity price showed a rise of 6.5 percent against the consensus figure for the Q2 market income expectation results. The report released showed a Q2 20-revenue increase of 18.7bn US dollars which amounts to an additional 11 percent year by year growth. The recorded figure grew higher than the projected consensus income Read More…
Goldman Sachs Group Inc. highlighted the recent mounting concern that inflation in the U.S. could make the US dollar lose its status as a haven. While Congress closes in on one more cycle of fiscal incentive to buttress the US economy that has been badly affected by the Covid-19 pandemic, and the Federal Reserve have Read More…
