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In order to stop the further spread of novel coronavirus, governments around the world have taken varying degrees of measures to block some countries and cities. This includes closing borders, closing schools and workplaces, and restricting large gatherings.To get more news about WikiFX, you can visit WikiFX news official website.
  The unemployment rate is rising.
  These restrictions, called the “Great blockade” (Great Lockdown) by the International Monetary Fund(IMF), caused many global economic activities to sink into stagnation and people to lose their jobs. It can be seen that this is a real challenge for the whole world. The worlds largest economy, America, has lost more than 2,600 million jobs in the past five weeks. The United States is not alone in facing rising unemployment. Unemployment has also risen in Australia and South Korea, with some economists warning that the situation could get worse.
  Services are the main source of economic growth and employment in many countries, including the United States and China, the world's two largest economies and consumer markets. Even though the retailers such as Amzaon reported growing online sales, the whole online retailing sector has seen a decline.
  As novel coronavirus spreads around the world, manufacturers are under pressure again. As more and more countries implement blockade measures, manufacturing enterprises are affected as well. Some factories have been forced to close temporarily, while those that remain open face restrictions on access to the supply of intermediate goods and materials. Most importantly, the decline in demand for goods has exacerbated the challenges facing manufacturers. As a result, factories in countries from US to Europe and Asia have reported a decline in output over the past month.
Global trade had slowed in 2019 and is expected to be further dragged down in 2020 by the novel coronavirus pandemic.
  The World Trade Organization (WTO) said that in an optimistic scenario, the volume of global trade in goods will fall by 12.9% in 2020 and rebound rapidly by 21.3% in 2021, while in a pessimistic situation, the volume of global trade in goods will decline by 31.9% in 2020 and rebound by 24% in 2021. The WTO said that unlike during the financial crisis, the epidemic has a greater impact on the value chain and trade in services. In the electronics and automotive industries, where the value chain is more complex, trade is likely to fall sharply.
  The impact of the novel coronavirus pandemic on economic activities has led many institutions to slash their forecasts for the global economy. The International Monetary Fund (IMF) has received widespread attention for its assessment of the global economy, which estimated a 3 percent global economic shrinkage this year. Only a few economies, such as China and India, are expected to grow in 2020, IMF said. Although the IMF expects economic growth to rebound 5.8 per cent next year, it said that “the recovery is only partial because the level of economic activities is expected to remain lower than what we forecast for 2021 before novel coronavirus' attack”.

Warren Buffett's Berkshire Hathaway sold the “big four” airline stocks in April, the famed investor revealed at Berkshire Hathaway's annual meeting on Saturday.“It turned out I was wrong,” Buffett said about his decision to invest in them.Berkshire's first-quarter earnings revealed that it sold $6.1 billion in stock in April, and Buffett attributed that figure to its exit from the airlines.Buffett said that carriers could be left with “too many planes” if people fly less than they did before, and they would have to repay some of their recent government loans.Visit Business Insider's homepage for more stories.To get more news about WikiFX, you can visit WikiFX news official website.
  Warren Buffett's Berkshire Hathaway sold the “big four” airline stocks in April, the famed investor revealed at Berkshire Hathaway's annual meeting on Saturday.“It turned out I was wrong,” Buffett said about his decision to invest in the airlines. The companies are well managed and the CEOs “did a lot of things right,” he continued, but “the airline business ... changed in a very major way.”Berkshire's first-quarter earnings revealed that it sold $6.1 billion in stock in April, without detailing what it sold. Buffett attributed that figure to Berkshire's exit from the airlines.Read more: 'Brace for selling': A Wall Street quant strategist warns that stock-market buying power could evaporate just one week from now — opening the floodgates for a 'sell in May' episode
  Buffett explained the move by highlighting the airlines' bailout deals with the US government. Their agreements include billions of dollars in loans that they will have to repay, as well as warrants that the Treasury can exercise to acquire their shares at a discount in the future. The warrant part of the deal was inspired by Buffett's bailouts of Goldman Sachs and other companies during the financial crisis.The investor also questioned whether people will fly as much in the next two or three years as they did last year. Even if passenger volumes bounce back to 70% or 80% of their pre-coronavirus levels, he said, the carriers will be left with “too many planes.”“The future is much less clear to me,” Buffett said about the airline business.Read more: Quant megafund AQR explains why investors should be more worried about prolonged slumps than virus-style crashes — and details a 3-part process for protecting against them
A Societe Generale study of bear markets since 1870 showed that the current bear-market rally is a departure from history. Andrew Lapthorne, the firm's head of quant strategy, concluded that investors are taking an early victory lap for the economy even after accounting for trillions in stimulus spending. He expects the stock market to end the year roughly 7% lower than current levels. Click here for more BI Prime stories.To get more news about WikiFX, you can visit WikiFX news official website.
  April was the best month for stocks since 1987. But this stand-out performance is not being universally cheered on Wall Street. The S&P 500's 13% ascent last month can be traced back to its bottom on March 23 — the same day the Federal Reserve essentially pledged to do whatever it takes to support the economy during the coronavirus pandemic. Even with this stimulus in action, investors declared an early victory for an economy that must still crawl out of its worst contraction in many decades, according to Andrew Lapthorne, the head of quantitative strategy at Societe Generale. He drew this conclusion by studying a 150-year history of bear markets, defined as a 20% decline from recent highs. “Beware of the oddity in this bear rally,” Lapthorne said in a recent note to clients.
  He added: “With the fallout from the complete shutdown of economic life in terms of disruptions in supply chains and collapse of aggregate demand, as well as the uncertainty on the post-lockdown path to recovery, new market bottoms are possible, although the unprecedented massive policy response could provide the backstop to a worsening case of deflationary spiral.”His study of bear markets since 1870 led him to conclude that the S&P 500 would finish the year at about 2,715, representing a 7% decline from its April close.Both the crash and recovery are abnormalLapthorne's analysis started by including episodes since 1870 when the S&P 500's decline could ostensibly have been rounded up to 20%. One recent example was the late-2018 sell-off that winded up as a 19.6% decline.But because the 2020 drop has been a different beast in terms of its speed, comparing it to every bear market was not empirically ideal.
  And so he filtered for severe bear markets, defined as drawdowns of at least 30%, to make them comparable to this one. The roster of 15 meltdowns includes infamous sell-offs like the crash of 1929, Black Monday, and the dotcom bust. He found that on average, the S&P 500 recovered by 4% within a month, 13% within three months, and 27% within a year. The typical trajectory of recoveries is similar even when the Great Depression, often likened to the coronavirus crisis, is included.By comparison, stocks have leapt more than 30% from their bottom in March.
The brisk rally of 2020 cannot be divorced from the record amount of government stimulus that flowed into the economy. On this account, Lapthorne said the market's roaring comeback is reasonable.He inserted one more caveat into his analysis: 150 years is perhaps too long a timeframe for analyzing the recent bear market. The forces that drive stocks and the economy have evolved over the last century and a half, and so it's possible to slide into the error of comparing apples with oranges.
  For this reason, Lapthorne averaged the three most recent severe crashes — in 1987, 2000, and 2008 — and then compared them to the rest of his timeframe. He still found that the post-crisis recoveries were similar to the preceding episodes, leaving 2020 as the odd one out.Lapthorne's grand conclusion is that history is rife with many examples of bear rallies that give way to even deeper losses. He left clients with three recommendations: stay hedged with defensive assets, beware of momentum stocks that are sensitive to broader market moves, and be well-positioned for a rally in undervalued stocks.

Top analysts from Deutsche Bank, Morgan Stanley, Jefferies, and Bank of America used global and national data to predict how the US economy would reopen and how long it would take to recover to pre-coronavirus levels.Analysts at Morgan Stanley don't expect all 50 US states to be fully reopened until at least June, and the country's gross domestic product won't reach pre-coronavirus levels until the end of 2021.Even in a rebound, some said, the country is likely to experience double-digit unemployment and a declining retail sector.Visit Business Insider's homepage for more stories.To get more news about WikiFX, you can visit WikiFX news official website.
  Though the coronavirus pandemic never prompted a true national lockdown in the US, roughly 95% of the country ultimately became subject to stay-at-home orders, businesses have shut down, and tens of millions of people have filed for unemployment. Now that the US epicenter, New York, has declared it's “past the plateau” of new cases, some states have begun relaxing restrictions on leaving the house.Soon after President Donald Trump issued guidelines in mid-April to reopen the US economy, governors in Georgia, South Carolina, and Florida began moving to reopen some nonessential businesses like gyms and barber shops as well as tourist attractions like beaches. Other state leaders have joined in reopening some parts of their economies, including Gov. Jared Polis of Colorado, who on Monday reopened real-estate showings and curbside delivery at retail stores.But how long will it take for all 50 states to fully reopen, and how long after that will it take for the economy to recover?Analysts from Deutsche Bank, Morgan Stanley, Jefferies, and Bank of America expect the US economy to undergo a slow recovery.
  Some say US gross domestic product won't rebound to pre-coronavirus levels until late 2021, with the unemployment rate in double digits for more than a year. But others stress that if scientists can develop a vaccine soon, the recovery may take less than two years.Here's what the banks have predicted, including which businesses may never come back and when an economic recovery might arrive.

Dozens of companies have suspended their dividend payments in response to how the coronavirus pandemic is affecting on their businesses, creating a new set of challenges for investors.Goldman Sachs says it's identified some of the companies with a blend of relatively large dividend payments that are also safe and relatively unlikely to get cut or suspended.Each of these listed companies has a dividend rate that's double what the typical Russell 1000 stock pays.Visit Business Insider's homepage for more stories.To get more news about WikiFX, you can visit WikiFX news official website.
  Investing can still pay off, but it doesn't pay like it used to.With the US economy at a near-standstill, corporate America faces an uncertain future and balance sheets are under unprecedented strain. One result is that companies are slashing their payouts. Dozens of S&P 500 companies have already suspended their dividend payments and cut their stock buybacks.In total, Goldman Sachs says spending on buybacks will be cut in half and dividend spending will drop 23% in 2020, to its lowest level in at least five years. The firm sees little prospect of improvement in 2021.But that general rule doesn't dictate what every single company will do. David Kostin — Goldman's chief US equity strategist — says investors who want dividend income should look at three criteria: high yields, safe balance sheets, and reasonable payout ratios.
  The appeal of the first group is obvious, as safe balance sheets and sustainable payout ratios mean there's less chance the company will have to cut its dividend payments because it's in dire financial straits.Kostin and his team scanned through components of the Russell 1000 index to find companies that satisfy all of those requirements. Their payments are far stronger than the typical stock, as they all have annual yields of least 4.5% — nearly triple the Russell 1000 median of 1.7%.The evidence for their strong balance sheets comes in the form of their S&P long-term issuer ratings, which are all BBB+ or higher. That's a comfortably investment-level grade.The payout ratios are also reasonable, leaving less risk the company will have to cut its payments to meet other obligations. In 2019 most of these companies' dividends were equal to about 50% of their annual earnings. That number is likely to shoot higher this year as earnings drop, but the 2019 figures are evidence of safety.
  These are Kostin's top 13 stocks that fit all three categories. They're ranked from lowest to highest based on the size of their annual dividend yields. At a time stock picking more important than it's been in years, that knowledge might pay off in a big way.

Dozens of companies have suspended their dividend payments in response to how the coronavirus pandemic is affecting on their businesses, creating a new set of challenges for investors.Goldman Sachs says it's identified some of the companies with a blend of relatively large dividend payments that are also safe and relatively unlikely to get cut or suspended.Each of these listed companies has a dividend rate that's double what the typical Russell 1000 stock pays.Visit Business Insider's homepage for more stories.To get more news about WikiFX, you can visit WikiFX news official website.
  Investing can still pay off, but it doesn't pay like it used to.With the US economy at a near-standstill, corporate America faces an uncertain future and balance sheets are under unprecedented strain. One result is that companies are slashing their payouts. Dozens of S&P 500 companies have already suspended their dividend payments and cut their stock buybacks.In total, Goldman Sachs says spending on buybacks will be cut in half and dividend spending will drop 23% in 2020, to its lowest level in at least five years. The firm sees little prospect of improvement in 2021.But that general rule doesn't dictate what every single company will do. David Kostin — Goldman's chief US equity strategist — says investors who want dividend income should look at three criteria: high yields, safe balance sheets, and reasonable payout ratios.
  The appeal of the first group is obvious, as safe balance sheets and sustainable payout ratios mean there's less chance the company will have to cut its dividend payments because it's in dire financial straits.Kostin and his team scanned through components of the Russell 1000 index to find companies that satisfy all of those requirements. Their payments are far stronger than the typical stock, as they all have annual yields of least 4.5% — nearly triple the Russell 1000 median of 1.7%.The evidence for their strong balance sheets comes in the form of their S&P long-term issuer ratings, which are all BBB+ or higher. That's a comfortably investment-level grade.The payout ratios are also reasonable, leaving less risk the company will have to cut its payments to meet other obligations. In 2019 most of these companies' dividends were equal to about 50% of their annual earnings. That number is likely to shoot higher this year as earnings drop, but the 2019 figures are evidence of safety.
  These are Kostin's top 13 stocks that fit all three categories. They're ranked from lowest to highest based on the size of their annual dividend yields. At a time stock picking more important than it's been in years, that knowledge might pay off in a big way.
However, everyone is blinded by their bored appearance. In fact, they have rich historical heritage and far-reaching culture. Its rules are extremely challenging, which makes it more attractive. The forex market can be said to be the cleanest investment market: investors do not have to worry about the performance of each stock or insider trading between long and short futures. All investors see the same quotations and graphics at the same time in the world, even Warren Buffett is no exception. It is still an unparalleled financial market with an equally unparalleled size.To get more news about WikiFX, you can visit WikiFX news official website.
  Forex trading is not a fresh thing and was invented in ancient times. During the period of rabbinical Code, forex which was named “Convertor” already existed. The main function of “Convertor” was to help people who needed to exchange currency, while taking a commission as a return.
Around the 4th century AD, one monopolized forex company was controlled by the Byzantine Government.
  In 1472, the first regular bank, Banca Monte Dei Paschi di Siena, was founded at Tuscany, Italy. This bank is still running so far.In the 15th century, in order to satisfy the currency exchange requirements of textile merchants. The Medici Family opened a bank and the history trading was recorded in a special account book. This kind of account book can display forex accounts , as well as local currency accounts in foreign bank.
  From 17th century to 18th century, agents and businessman in Britain and the Netherlands had very frequent forex business.
  The history of forex trading in modern times.
  In America in 1850, a company named Alexander Brown & Sons started trading forex. This was seen as the first forex market participant. A leader of forex trading in the United States.
  In 1880, a trading system based on gold was been established. Therefore, most people consider that year as the beginning of forex trading in modern times.
  From 1899 to 1913, forex reserve had increased by10.8%. Gold reserve had only increased by 6.3%, this symbolized the forex market was getting more and more attention.
  In 1902, there were two forex brokers launched at London. In 1913, almost half of worlds forex transactions are conducted in sterling. This was of great significance to British capital market. The quantity of forex banks in British increased from three in 1860 to 71 in 1913.
  When the Federal Reserve system of the United States was established in 1914, the United States banking system began to print its own currency- Dollar.
  After the Second World War, the Bretton Woods Agreement was signed. According to the agreement, the exchange rates of currencies against Dollars can only fluctuate less than 1% above and below. But as time went by the Bretton Woods Agreement was eventually abolished, and the fixed exchange rate was replaced with a floating exchange rate instead.  1973 was a milestone in the worlds forex history. In that year, exchange rate constraints between countries and the limitation in forex trading and bank transactions were terminated. The global forex market entered an era of floating exchange rate.

The next round of talks between David Frost and the EU's Michel Barnier take place next week
  Despite the fear, the misery and the suffocating uncertainty of Covid-19, by now you've no doubt heard on the Brussels-Paris-Berlin-Dublin-Belfast-London grapevine: the post-Brexit trade talks between the EU and the UK are in trouble.To get more news about WikiFX, you can visit WikiFX news official website.
  Sure, there's agreement in basic free trade discussions but clashes on key issues remain. On Tuesday, Ireland's Foreign Minister Simon Coveney said the two sides looked like they were heading for a crisis which, from the Irish perspective, was “very, very serious”.
  So, should we be concerned?
  Ok, I'm being intentionally provocative. I'm hoping you'll peruse this blog on Brexit even though you're drowning in must-reads on coronavirus. But I certainly don't mean to be flippant.
  Image copyrightEuropean Commission
  The fact is: a crisis was always predicted in EU-UK trade talks. They are multi-layered and complicated. The first time ever in trade negotiations that two parties are focused on loosening the ties that bind them (now the UK is no longer an EU member state) rather than creating new and closer bonds.
  What the two sides want
  The UK seeks more than a basic economic relationship with the EU, whatever impression some UK politicians may seek to give.
  For example, the UK government hopes to continue to benefit from EU-wide data sharing arrangements. It wants access to the central intelligence database of the EU's law enforcement agency Europol. Germany is not at all keen on that idea. It says once you've left the club, forget the perks. You can't have your cake and eat it.
  Brexit trade talks progress 'not good' - Coveney
  UK-US trade talks will not be an easy ride
  Starting gun to be fired on UK-US trade talks
  The two sides want to work together in research and development, transport, chemical waste, law enforcement and judicial co-operation. Then there's the contentious issue of fish: to what extent EU fishermen will be allowed access UK waters.
  Here, the UK turns the tables and accuses Brussels of trying the cake-and-eating-it routine. The EU wants to keep the same fishing quotas as when the UK was a member state. And if there's no agreement on fishing, the EU threatens, there'll be no trade deal at all..
  You get the picture.
  Wrangling over competition rules
  The EU is also deeply concerned about possible unfair competition. UK businesses know the EU market well and have great contacts after more than 40 years of membership.
  Brussels worries that if the UK slashes regulations such as labour, state aid and/or environmental rules in the future, then that will give UK businesses an advantage over European ones in their own single market. So, the EU wants a commitment from the UK to keep in line with its competition regulations long after Brexit. Something the UK says as a sovereign country it cannot and will not do.
  It points out the EU did not impose similar demands on Canada in their zero-tariff, zero-quota trade deal.
The EU response: Canada doesn't have zero tariffs, zero quotas in all areas such as agriculture. UK farmers presumably wouldn't be thrilled, says Brussels, if they were left out in the cold.
  Also, EU leaders, such as Germany's Angela Merkel, view the UK as a far bigger threat on their doorstep. Geographically far closer than Canada; trade volumes far higher.Political intervention is needed on both sides in order to find compromise. But political leaders have more than their hands full with coronavirus at the moment.
  There's also a suspicion in Brussels that the UK is dragging it feet. “Selectively negotiating,” as one influential EU figure put it to me: in other words refusing to engage in areas where it doesn't want to compromise, such as fishing and competition regulations.
  The assumed UK hope is that, later in the year, with time running out and Brussels anxious to avoid a no deal situation, the EU will give in, give up and compromise far more than it had intended to.
  The UK's chief negotiator David Frost denies the UK is doing anything other than negotiating in good faith.

An investor complained against UniversalFX, saying that the broker charged extra “tax fee” before approving his withdrawal application.To get more news about WikiFX, you can visit WikiFX news official website.
  Event recap:
  One of his friends introduced to him a trader named Michael O Bolton, who worked for UniversalFX. The investor was invited to join a Facebook group, which provided customer service support to customers. The investor bought US$2,720 of BTC at UniversalFX. After a few months, his investment had grown to US$28,500.
  The investor filed a withdrawal application and was informed by Michael O Bolton that he needed to pay 10% extra tax fee before withdrawing. The investor was wondering why UniversalFX did not deduct it from his account balance, but needed an additional payment, so he asked the UniversalFX whether they can charge it from his account balance. But the trader, Michael O Bolton, rejected the proposal by saying that UniversalFX never allowed such a practice, and the investor was later blocked by Michael from the Facebook group. UniversalFX refused to approve his withdrawal application unless he pay the so-called tax.
  At the beginning of this article, WikiFX has mentioned that UniversalFX is a suspicious clone broker, which can be seen from the licence below. The broker truly regulated under this license is SUPER PTY. LTD.
  Per checking WikiFX App, UniversalFX has a poor rating of 0.99, and the broker currently has no valid regulation, bearing great risks. The broker is currently active on large social network such as Telegram and Facebook, please stay away!
The article evidence exposed by WikiFX is verified by the following processes:
  1: Evidence Collection: (Chatting history records, Trading history records, Banking Transaction records and recording videos from victim).
  2: These evidences will be evaluated and verified by expert who has been work in forex industry for many years.
  3: The editor will review it again before the article is published.

Sure, the Singapore-based e-commerce marketplace has a checkered history, but it has since risen from the ashes of controversy, re-inventing itself as a vibrant shopping platform attracting 1.6 million visitors monthly. Try to find ways to save much money? discountscat is the best place for you to get coupons, vouchers and deals to help you save much money on your purchase. To get more news about GrubHub Coupon Codes, you can visit discountscat official website.

In case you’re looking for yet another platform to indulge your online shopping (no judging, really), here’s an all-in-one guide that tells you all you need to know about Ezbuy.

What is Ezbuy and what can you buy?

Ezbuy is an online marketplace for lifestyle and household products. You’ll find everything from clothing and fashion, shoes, bags and accessories, to office accessories and equipment, furniture and household items, groceries and health, fitness and beauty products.

In the past, the company focused exclusively on buying from the vibrant Chinese online marketplace, popularised by Taobao, and then reselling the items for a profit. It was this practice that made it run afoul of Internet giant Taobao, which accused the smaller company of scalping.

Ever since, Ezbuy has pivoted away from mainly focussing on the Chinese e-commerce sector to branch into local and regional specialities. Although the main draw is still cheap buys coming directly from Chinese manufacturers and distributors, the company has branched out to focus on local products as well as specialities from the USA, Korea, and Taiwan.

First, browse the items listed on the website, pay for them and have your items shipped to you — just like any other online store. This is ideal if you’re into some casual shopping and can accept that with cheap prices come occasional hiccups.

However, if you’re looking to buy multiple items that are likely to incur expensive shipping charges, such as say furniture and items for a home makeover, then you may want to make use of ezShop, the company’s concierge shopping service.

The concept is simple enough. Just tell Ezbuy what you want to buy, and they will buy it and ship it over to you. You can shop from sellers in Taiwan, China or the USA.

While ezShop promotes itself on convenience and peace of mind, the biggest benefit is its reduced shipping costs, which are advertised from as low as $0.60/500gm. This is possible because of services like repacking and parcel consolidation to pare down shipping charges as much as possible. In the process, Ezbuy also offers to inspect your purchases.

A similar service is ezShip, which is basically a shipping forwarding service that you can use to buy your favourite Chinese products from sellers that do not ship to Singapore at present. Sign up for ezShip to receive a China shipping address, which you can use to buy from vendors in China. ezShip will then deliver your purchases to Singapore for a fee. Pretty cool, right?Want to get the highest quality products with the lowest prices while shopping?Click to Buy

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