Thread: Company News by ForexMart

The current Money Fall contest has already started on September 26, 2016 and will end on September 30, 2016.




You can register for the next competition which will take place from October 3, 2016 to October 7, 2016 (Terminal time). .




Note:




Registration for the next competition finishes 1 hour before the contest starts.

Canadian Prime Minister Justin Trudeau Approved the Construction of the Coast for the Liquefied Natural Gas (LNG)


After three years of regulatory approval, the LNG project were officially agreed. This is also the first major energy project of Trudeau ever since he was appointed less than a year ago. According to the Environment Minister of Canada, Catherine McKenna, the plan were granted after thorough reviews and series of conditions and that is to help lessen the greenhouse effect.


It is one of the biggest project that the country will uphold which will have an estimated cost CA$11.4bn ($8.6bn/£6.6bn). The terminal will be constructed in the northern coast of British Columbia. One of the leading oil company, Petronas will manage the energy project. This is also expected to subsidize CA$2.9 billion per year to Canada's GDP.

Lagarde Favors Less Strict Trade Policies

The stricter protectionist trade measures slows down the current frail economy not only in United States but including other countries as said by the head of the International Monetary Fund, Christine Lagarde. She described it as an “economic malpractice”. Restricting trades would worsen the status of workers and families.

It has pros and cons for members of trades but considering present weak economy and bigoted politics, an open trading is more advantageous to all. However, if the trade policies are neglected, the opportunity for progress is lessened since global economy still needs it to drive growth.

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Wells Fargo Temporarily Banned from Municipal Bond-Issuer California

The State of California will be suspending business relationships with banking firm Wells Fargo & Co. after the said firm went under fire for admitting that it had created millions of fake customer accounts in an attempt to hit the firm’s target sales. By banning the said firm, California will no longer be allowing Wells Fargo to handle its bank transactions and underwrite the state’s debt. The said suspension will be in effect for a total of 12 months and might possibly become permanent if the bank still refuses to change its banking practices. In addition, California will also be halting its investment deposits in Wells Fargo’s securities. State Treasurer John Chiang has already stated that California has replaced Wells Fargo with Loop Capital for two $527 million municipal agreements which is scheduled to be sold next week.

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The current Money Fall contest has already started on October 3, 2016 and will end on October 7, 2016.


You can register for the next competition which will take place from October 10, 2016 to October 14, 2016 (Terminal time). .


Note:


Registration for the next competition finishes 1 hour before the contest starts.

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The current Money Fall contest has already started on October 10, 2016 and will end on October 14, 2016.


You can register for the next competition which will take place from October 17, 2016 to October 21, 2016 (Terminal time). .


Note:
Registration for the next competition finishes 1 hour before the contest starts.

Top management of Volkswagen may reduce around 2,500 jobs every year for the span of 10 years through early retirement. This is a step for the plan to cut expenses as a future strategy without dismissing thousands of workers abruptly. On the other hand, they are in need of additional workforce for “software development and mobility services” to counteract the Diesel Emission scandal saying they cheated on their pollution emission tests in US.

The exports and imports in China fell short of expectations as it dropped by 10% and 1.9% respectively in US dollars. This was triggered by a weak demand both domestically and internationally affected by the price hike in oil. Although in China’s perspective this became an advantage with higher returns. For analysts this is a sign for a slow growth in the economy but it is still inconclusive to say unless there is another substantial report that confirms slow development.

The current contest has already started on October 24, 2016 and will end on October 28, 2016.

You can register for the next competition which will take place from October 31, 2016 to November 4, 2016 (Terminal time)

Note:
Registration for the next competition finishes 1 hour before the contest starts.