Daily Archives: July 19, 2018

19Jul

Singapore’s GeTS dispatches cross-outskirt blockchain for exchange connecting Asean and China’s advanced Silk Road

Worldwide eTrade Services (GeTS), an auxiliary of CrimsonLogic, has propelled Open Trade Blockchain (OTB), a comprehensive and extensible blockchain benefit worked for the exchange networks to help general effectiveness, security and straightforwardness for worldwide exchange.

It is additionally the district’s first cross-fringe blockchain stage that is lined up with China’s Belt Road Initiative (BRI) and the Southern Transport Corridor.

CrimsonLogic is a main supplier of eGovernment items and administrations situated in Singapore.

The OTB is a permissioned blockchain arrange kept running by confided in hubs which are facilitated by whitelisted licensed exchange consistence organizations. It upgrades the security of exchange related archives, from Certificate of Origin, to Commercial Invoice and improves the straightforwardness and trust between shippers, cargo forwarders and clients.

For OTB clients, the stage is based on a natural and easy to understand interface that makes it simple for all organizations whether carefully wise or not, to use.

The geolocation of existing and up and coming hubs gives a broad blockchain arrange crosswise over Asia. What’s more, with OTB connecting China to rest of the locale, it will give a vital edge to organizations needing to take part in China’s BRI activities as it offers more prominent availability with nation’s “Computerized Silk Road”.

GeTS is at present helping accomplices to arrangement blockchain hubs dynamically. This incorporates accomplices, for example, China-Asean Information Harbor, Suzhou Cross-E-Commerce and Commodities Intelligence Center.

Chong Kok Keong, CEO of Global eTrade Services (GeTS) says, “As we expand on OTB, we imagine a more straightforward and confided in condition for brokers to better lead their business. We see huge potential in the open foundation of OTB, and I empower the worldwide exchange and different networks to construct blockchain benefits on OTB to better make a more straightforward and secure condition for organizations.”

19Jul

COMEX MARKET IN SINGAPORE| GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

GOLD TRADING FORECAST TODAY

INTERNATIONAL COMEX NEWS

  • West Texas Intermediate oil remained lower in North American trade on Wednesday after data showed that oil supplies in the U.S. registered a surprise inventory build and U.S. production reached record levels. But gasoline inventories registered a much larger-than-expected draw and distillate stockpiles unexpectedly declined. After an initial reaction extending losses, crude prices later recovered some lost territory.
  • Gold prices were steady near a one-year low on Wednesday as a higher dollar and comments from Federal Reserve Chair Jerome Powell continued to weigh. Comex gold futures for August delivery decreased 0.29% to $1,223.80 a troy ounce as of 10:46 AM ET (14:46 GMT). Powell reiterated the central bank should gradually increase interest rates at his hearing at Congress on Tuesday. Trade tensions and fiscal policy made the future uncertain, he added.
  • Copper’s slump amid a deepening global trade conflict offers a long-term buying opportunity, according to Citigroup Inc (NYSE:C)., which shrugged off fears for world growth to boost its long-term forecasts. “Prepare for a decade of Dr. Copper on steroids,” analysts including Max Layton and Tracy Liao wrote in a July 17 note. The bank sees average annual prices at $8,000 a metric ton in 2022, passing $9,000 a ton by 2028 under its baseline scenario.
  • GOLD TRADING FORECAST TODAY

ECONOMY NEWS

  • U.S. Commerce Secretary Wilbur Ross said on Wednesday that he has launched a new national security investigation into uranium imports that could lead to tariffs or quotas to limit them. The “Section 232” probe was prompted by a petition filed by two U.S. uranium mining companies, Ur-Energy Inc (A:URG) and Energy Fuels Inc (A:UUUU), complaining that subsidized foreign competitors have caused them to cut capacity and lay off workers.
  • European Commission President Jean-Claude Juncker said he was “upbeat and relaxed” ahead of his trip to Washington next week to discuss strained trade relations between the European Union and the United States. Juncker is due meet U.S. President Donald Trump on July 25 with a clear focus on trade after the United States imposed tariffs on EU steel and aluminum and Trump’s repeated threats to extend those measures to European cars. Trump’s top economic adviser, Larry Kudlow, said he expected Juncker to come with a “significant” trade offer.
  • U.S. President Donald Trump’s top economic adviser said on Wednesday that Chinese President Xi Jinping was holding up a deal to resolve a significant trade dispute between the United States and China. Larry Kudlow, head of the White House Economic Council, also said he expects European Commission President Jean-Claude Juncker to bring an important trade offer to Trump when he visits Washington next week. Kudlow said he believed lower-ranking Chinese officials want to put a stop to dueling U.S. and Chinese tariffs. These officials include Xi’s top economic adviser Liu He, Kudlow said, but Xi has refused to make changes to China’s technology transfer and other trade policies.

GOLD TRADING FORECAST TODAY

 

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