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Yesterday (Aug 3), WTI rallied and recovered to $41 after establishing firmer footing at $40. Nevertheless, oil price may still struggle to test $40 barrier in the wake of a gloomy demand outlook.To get more news about WikiFX, you can visit wikifx news official website.
According to JPMorgan analyst Kaneva, there‘s a chance that crude oil demand could find a new normal at about 90.50 million barrels a day if it remains at the level of July till the end of this year. Fed’s Kaplan also indicated that we will have a very challenging oil market for next 6-12 months because of excess inventory. The recovery in crude oil demand will stagnate because of the soaring confirmed cases of the epidemic.
Certainly, the bullish economic data in the short term is not strong
enough to sustain a further step in oil prices from the current level.
This week, market will fully test the low risk appetite started from
last week, which makes oil prices likely to ease back to the level of
$40.0 in the near term. .
Today, investors are suggested to focus the RBA’s interest rate decision for August and U.S. Durable Goods Orders and Factory Orders in June. On Wensday (Aug 5), U.S. API will be released, which may exert pressure on oil prices if its inventory cannot see a decrease as sharp as last week.
Under the enhanced framework, the MAS will consider granting an additional full banking license to foreign lenders which substantially exceed its Significantly Rooted Foreign Bank criteria, the central bank said in a statement on Monday.
“This will enable them to have the same flexibility as Singapore-incorporated banking groups to establish subsidiaries, including with joint-venture partners, to operate new or alternative business models such as a digital-only bank,” the statement said.
Banks around the world have been shutting branches and moving their services online, a trend that will likely be accelerated by the Covid-19 pandemic. Last year, the MAS announced plans to award as many as five new digital banking licenses to non-banks, a move that is expected to create a new generation of rivals for the traditional lenders.
Read about the ‘strong interest’ in Singapores new digital licenses
The enhanced framework “will strengthen the ability of SRFBs to complement the local banks as anchors to Singapores financial system,” the MAS said.
In order to determine if the foreign bank substantially exceeds the criteria, the MAS said it will take into account factors such as whether a significant portion of global key appointment holders are based in the country, the creation of a substantial number of jobs or counting a local group as a major shareholder.
The MAS also said that the local subsidiary of Standard Chartered Plc is the first bank to qualify as an SRFB. Under the scheme, which was announced in 2012, Standard Chartered will be able to open as many as 50 places of business across the city state, of which 35 can be branches.
In a statement, Standard Chartered said it welcomed the move and would invest an additional S$5 million ($3.6 million) to boost talent development and re-skilling.
The bank will review its strategy “with a view to invest more and further deepen our presence in Singapore,” Patrick Lee, chief executive officer of Standard Chartered Bank Singapore, said in the statement.
On Monday, Japan‘s Nikkei 225 Index settled at 22195.38, up 485.38 or +2.24%. Hong Kong’s Hang Seng Index closed at 24458.13, down 137.22 or -0.56% and South Koreas KOSPI Index finished at 2251.04, up 1.67 or -0.07%.
China‘s Shanghai Index settled at 3367.97, up 57.96 or +1.75% and Australia’s S&P/ASX 200 Index closed at 5926.10, down 1.70 or -0.03%.
Sentiment was helped by a survey showing Chinas factory activity expanded at the fastest pace in nearly a decade in July, with the Caixin/Markit PMI at 52.8, above expectations for a reading of 51.3 by economists in a Reuters poll. PMI readings above 50 signify expansion, while those that fall below that figure indicate contraction.
[fx-article-ad]US-China Tensions Remain at Forefront
Tensions between Washington and Beijing likely continued being watched by investors, with U.S. Secretary of State Mike Pompeo saying Sunday that U.S. President Donald Trump is set to announce “in the coming days” new actions related to Chinese software companies viewed by his administration as a national security threat.
On Friday, Trump told reporters he will act soon to ban Chinese-owned video app TikTok from the U.S., according to NBC News. Microsoft on Sunday confirmed it has held talks to buy TikTok in the U.S. from Chinese tech firm ByteDance.
Japanese shares ended six straight sessions of losses on Monday after the Japanese Yen retreated from a 4-1/2-month high against the dollar in a short squeeze. Exporters got a boost as the Yen fell to a low of 106.40 Yen against the dollar, moving away from a high of 104.195 yen touched on Friday.
Hang Seng Dragged Down by HSBC First-Half Profits Miss
HSBC reported a 65% fall in pre-tax profits for the first half of 2020 to $4.3 billion – missing analysts expectations.
Chief Executive Noel Quinn said the bank was “impacted by the COVID-19 pandemic, falling interest rates, increased geopolitical risk and heightened levels of market volatility.”
A few days ago, we mentioned that Blizzard released Phase 4 of WOW Classic, resulting in an increasing player subscription, which proves that Classic edition has attracted much attention.
Surely, you can choose to join the guild and fight alongside your companions in WOW Classic. In the recent battle, someone discovered a high-level guild completed a specific raid in an incredible method.
The guild called BLaDE of Kill defeated the raid boss Hakkar the Soulflayer without first defeating any of its five high priest bosses earlier in the raid, which was previously thought to be all but impossible. As any of those five high priest bosses can give Hakkar a powerful extra ability or buff, and all five together has spelled doom for any challengers until now.
That is, no one can resist such a powerful attack to defeat Hakkar, but this guild skipped most of the raid content, and killed the iconic raid boss Hakkar in less than 2 minutes.
No cheating, the high-level guild must make too much preparation to accept such a long-term undefeated challenge. Every member has high-level equipment to defend and deal damage to kill bosses as quickly as possible with their smallest store. This is not something any guild can follow, you must have years of WOW experience and excellent proficiency in Classic first.
Based on these experiences, if you want to achieve great success in WOW Classic, it is best to join the guild, which would offer more opportunities to prove yourself and get a rapid development.
Leeroy Jenkins is easily PC gaming’s most pervasive and long-standing joke, especially in the history of World of Warcraft, which went back to a video over ten years ago, while a team of players were crafting an intricate plan, one human paladin shouting his name “LEEROY JENKINS” rushed into the battle and killed the entire party. All long, the video has been hailed a a classic in World of Warcraft, and were mentioned several times in the book or TV, now it has passed away 15 years since its first appearance.
In fact, the video could be regarded as a joke, as there has never been such a stupid mistake in World of Warcraft, but it made Leeroy Jenkins known to everyone, and became an interesting separate meme.
Leeroy Jenkins later told he was chastised by the guild as everyone died, and the video also went viral and has been viewed million of times on major medias, including the executives at World of Warcraft, who once invited him to be a game tester of Blizzard, but he refused. Since 2006, Leeroy Jenkins started to be available in the Trading Card Game and was made into a figurine in 2008.
Now, if not watching the video again, it’s hard for anyone to remember it. In the past decade or so, World of Warcraft has undergone earth-shaking changes, and even turned to a casual game, while Blizzard remains committed to pumping out new content and expansions for the game.
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[360° Adjustable Beam] – 9005 LED bulb adopts 360°adjustable locker ring to enable your car finally obtain the best light beam pattern. NOTE: For some sensitive vehicles like newer Jeep, Dodge, Volvo, Chrysler or some European vehicles may require additional decoder or anti-flicker harness.
[Service] – NAOEVO service team have rich experience in after-sales service, Emails will be quickly responded within 24 hours. NOTE:The filter system may not be 100% accurate or up to date, if you are not sure about the size, please contact us before purchasing.
[10 Minutes Easy Installation] – NAOEVO LED bulbs compatible with over 95% vehicles without modification. They are made to fit for your original factory plug. Just Plug and Play.
[5,0000 Hours Lifespan] – Aviation aluminum body, built-in intelligent temperature control system and speedy turbo cool silent fan provide super cooling ability, extend their operating life to over 50,000 Hours.
[360° Adjustable Beam] – 9004 LED bulb adopts 360°adjustable locker ring to enable your car finally obtain the best light beam pattern. NOTE: For some sensitive vehicles like newer Jeep, Dodge, Volvo, Chrysler or some European vehicles may require additional decoder or anti-flicker harness.
[Service] – NAOEVO service team have rich experience in after-sales service, Emails will be quickly responded within 24 hours. NOTE:The filter system may not be 100% accurate or up to date, if you are not sure about the size, please contact us before purchasing.
The LPGA Tour on Wednesday cancelled its Shanghai tournament after China said it will not hold most international sports events this year because of coronavirus.To get more shanghai coronavirus cases, you can visit shine news official website.
LPGA Shanghai, won last year by American world number two Danielle Kang, had been scheduled for October 15-18 but has been scratched “given the current health concerns and significant travel restrictions”, the tour said in a statement.
“(We) very much look forward to returning to Qizhong Garden Golf Club, Shanghai in 2021,” it added.It now appears inevitable that the men’s prestigious $10.5 million World Golf Championship-HSBC Champions, due to take place two weeks later in Shanghai, will also be cancelled.
Almost all leading international sports events in China this year, including WTA and ATP tennis, have been scrapped as the country tries to prevent imported virus cases.
The Formula One Chinese Grand Prix in Shanghai, which was postponed in April, also looks doomed.
Men’s and women’s professional golf has made a tentative return in the US and Europe, but with no crowds and under strict virus-prevention protocols.The LPGA Tour 2020 season was shut down by the pandemic in February after just four events, two in Florida and two in Australia.
It teed off again only two weeks ago with back-to-back tournaments, without crowds, in Ohio, both won by last year’s Shanghai champion Kang.The leading women’s tour moves its bio-secure bubble to Scotland this week for the Scottish Open in North Berwick followed by next week’s first major of the season, the British Women’s Open at Troon.
Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, announced results for Q2 2020 today.To get more auto finance news, you can visit shine news official website.
In the second quarter of 2020, in spite of the challenges due to the
coronavirus lockdown, AFG signed five new credit unions to its residual
based financing programs: AmeriCU Credit Union, Bridge Credit Union and
National JACL Credit Union signed up for the AFG Balloon Lending Program
and Associated Credit Union of Texas signed up for the AFG Leasing
Program. The five credit unions represent combined assets of nearly $3
billion and a reach increase of over 8.4 million consumers across five
states.
“At AmeriCU, we’re constantly working to improve our products, services,
and the ways we do business,” said Nick Cray, Vice President of Member
Relations & Marketing for AmeriCU Credit Union. “We’re grateful that
we can now offer our members an auto-buying alternative to leasing or
conventional financing.”
Auto Financial Group (AFG), a Houston-based company, provides an online, residual based, walk-away vehicle financing product called AFG Balloon Lending, as well as vehicle leasing and vehicle remarketing to financial institutions across the United States.
AFG’s residual based financing solutions provide the advantages of lower payments, flexible terms, in the case of the balloon loan, actual ownership of the vehicle and several end-of-term options, including the option to surrender the vehicle and walk away in lieu of paying the final loan payment. The financial institution receives higher loan yields, a competitive residual based financing alternative, and AFG manages the entire end-of-term process.
The AFG Remarketing program is a proven solution for financial institutions that offers the greatest financial return to their clients by matching assets to the selling network with the greatest number of buyers.
Below you will find the best WoW Classic builds for all the classes. Our guides include recommended Talents, Skill Rotations, Weapon progression, Best in Slot(BiS) Equipment, and more. All our builds are optimized for use on all devices, making them the most convenient to read under all circumstances. We are also going to update our guides as soon as new content is released, to give you the insight on the best new items for your characters, and how to progress further when you are already well into Raids and Dungeons.To get more news about Buy WoW Classic Items, you can visit lootwowgold news official website.
Below the actual list of the best builds for WoW Classic, you will find a list of our Leveling Guides/Starter Builds for each Class, which presents the optimal (meaning; fastest) way to level up your character in Classic World of Warcraft. You will find a lot of valuable information and tips on how to get your characters to level 60 fast, where you can truly enjoy the magic of Classic WoW. Our builds include Character Class overviews, Pros & Cons, optimal Race choices, recommended Talent Allocation, Weapon Progression, Basic Rotation, and more.
Choosing a Class is a difficult task, even more so if you realize that there is no such thing as “universally best” choice. This is because every Class in WoW Classic has its niche and a range of unique traits/abilities (unlike in the current version of WoW, where Classes are streamlined and it seems that every one of them can do almost everything with comparable efficiency). The uniqueness of Classes is what makes Classic great, but also rather unbalanced in terms of Class viability. This is why we have come up with a range of Tier Lists that will help you compare all nine Classes and choose one best suited for you. Choosing perfect Professions is somewhat simpler, as there are much fewer things to consider, but it can still cause some confusion, so we have decided to cover Professions as well.
