Penny Collins

Penny Collins is a young commercial banking specialist, graduated from the Pepperdine University, Malibu. She’s primary focus is on on investment and corporate banking, resulting in her Master Degree In Finance from Hong Kong University. Her experience encompasses working for Community Bank and CitiGroup Bank as an intern and professional financial advisor.

Tesla is about to unveil the new Model S Plaid

Tesla Will Continue to Expand Its Investments in China

According to the latest news, the giant tech-maker Tesla will continue to expand its investments in China. On Sunday, Tesla’s CEO, Elon Musk, reassured the company’s commitments to the Asian country.  The billionaire’s comments came in a pre-recorded Q&A-style stream at the World Internet Conference. Significantly, it was hosted by the Cyberspace Administration of China. However, …

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China commodity imports are dropping

2022 Oil Supply Seen Tight Amid Under-Investment

Global oil demand appears set to return to pre-pandemic levels in 2022. Still, a sharp decline in upstream investments and OPEC’s cautious approach to raising the group’s production volumes could lead to an undersupplied market next year. According to industry participants at the S&P Global Platts Asia Pacific Petrol Conference, Asian end-users and consumers mainly find …

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crypto, bitcoin

Companies Struggle in Business with A Ban on Crypto in China

Last week, after Beijing declared a ban on all crypto mining and trading operations, crypto services Providers and Crypto exchanges started to struggle in business relations with Chinese clients located in China. In a culmination of several years of efforts to restrain the rules in the sector, several powerful Chinese government bodies had some dramatic changes. …

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Dollar, Yen Down

The Dollar fell on Asian Trade along with Safe-haven Yen

On Monday morning, the dollar plummeted in Asia. At the same time, the yen, another safe-haven asset, fell to its lowest level in three months. Riskier assets, such as the Australian dollar, continued to recover from a nearly one-month low as concerns about China Evergrande Group’s debt condition eased marginally. The U.S. Dollar Index, which measures the …

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Australian dollar soared Monday. What about Yuan and Yen?

The Australian Dollar Soared Monday. What about the Yuan and Yen?

The Australian dollar skyrocketed on Monday. On the other hand, the Japanese yen tumbled down to a nearly three-month low, as concerns of widespread market contagion from indebted Chinese Evergrande Group receded. Soaring commodity prices also supported the Aussie dollar and Norway’s crown. Meanwhile, the higher U.S. yields attracted Japanese investor money and pressured the …

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Natural Gas Futures gained more than 44%

Commodity Investors Environmental Fears

Investors are increasing their bets that a global campaign to reduce carbon emissions will stifle commodity output. This is driving up commodity prices for everything from natural Gas to aluminum. Producers such as Exxon Mobil Corp. and Chevron Corp. are under pressure from investors. They have to reduce environmental damage, many are reducing spending on …

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