CAIT charged Amazon leader Jeff Bezos USD 1 billion investment is "promotional funding" for Amazon India

Traders ' body CAIT on Wednesday charged that Amazon leader Jeff Bezos ' USD 1 billion investment is "promotional funding" for Amazon India to destroy retail trade and promote predatory pricing and deep discounting.

Confederation of All India Traders (...

EUR/USD dropped by nearly 1.10

The previous day, FX trading was very familiar with what occurred late. USD / JPY took barely noticeable advantage of the risk-on context as markets even now see signs of benevolence from the United States and China for a first-phase trade deal. USD / JPY just under 109 closed the day. EUR / USD ...

Unipec on booking spree for oil tankers after trade sanctions eased

Chinese oil traders Unipec, the trading arm of Asia’s top oil refiner Sinopec, have started a booking spree for oil tankers from the state-run oil company COSCO after trade sanctions on COSCO was eased by the USU.S.

The sanctions were imposed on the Chinese government-owned firm a...