Chinese Game Publisher NetEase Easily Beats First-Quarter Targets Chinese video game publisher NetEase (NTES) late Tuesday easily beat Wall Street's targets for the first quarter. The NetEase earnings report drove NTES stock higher in extended trading.To get more NetEase news, you can visit shine news official website.

The Hangzhou, China-based company earned an adjusted $4.60 per American depositary share on revenue of $2.4 billion in the March quarter. Analysts were modeling NetEase earnings of $4.01 per U.S. share on sales of $2.21 billion. In the year-earlier period, NetEase earnings were an adjusted $3.48 per U.S. share on sales of $2.735 billion. Online game services accounted for 79% of NetEase revenue in the first quarter. NetEase develops and operates popular PC and mobile games in China such as "Fantasy Westward Journey" and "Onmyoji.

" It also distributes games in China for Activision Blizzard (ATVI), Microsoft's (MSFT) Mojang and others. In addition to games, NetEase offers online education, music streaming and other internet services.NetEase had a good quarter despite the unfolding Covid-19 coronavirus pandemic, Chief Executive William Ding said in the NetEase earnings news release. "As with companies around the globe, we encountered an unexpected global health crisis and a great deal of uncertainty as 2020 has unfolded," Ding said. "The situation presents numerous evolving challenges, but our resolve to overcome any hurdles remains undiminished."In after-hours trading on the stock market today, NTES stock 3.1%, near 408. It ended the regular session up 3.6% to 395.69, ahead of the NetEase earnings report.

Earlier in the session, NTES stock notched an all-time high of 399.83. On April 16, NTES stock hit a buy point of 361.10 out of an eight-week consolidation period. But the stock soon reversed and triggered a stop-loss sell rule under IBD trading principles. Then, early this month, NTES stock bounced off its 50-day moving average line and returned to the buy zone of its earlier breakout. NetEase stock is tied for third place out of 14 stocks in IBD's Computer Software-Gaming industry group, according to the IBD Stock Checkup tool. It has an IBD Composite Rating of 95, the same as peer Electronic Arts (EA). SciPlay (SCPL) ranks first in the group, followed by recent IPO GAN (GAN).

FCC: Huawei and ZTE Are National Security Threat The Federal Communications Commission (FCC) has officially declared Chinese tech firms Huawei and ZTE national security risks, as part of its plans to remove the vendors’ equipment from US telecoms networks.To get more ZTE news, you can visit shine news official website.

The FCC’s decision means that no carrier tapping the $8.5bn Universal Service Fund (USF), a government subsidy used mainly by smaller telcos often serving rural areas, can use the funds to purchase kit from the two Chinese firms. “With today’s orders, and based on the overwhelming weight of evidence, the [FCC’s Public Safety and Homeland Security] Bureau has designated Huawei and ZTE as national security risks to America’s communications networks — and to our 5G future,” said FCC chairman Ajit Pai.

“Both companies have close ties to the Chinese Communist Party and China’s military apparatus, and both companies are broadly subject to Chinese law obligating them to cooperate with the country’s intelligence services.” The FCC first revealed its plan back in October 2019, stating at the time that under the proposals the USF would not be allowed to pay for firms deemed a national security risk. It also suggested that existing USF recipients would have to be audited to see how many have Huawei/ZTE kit in place and how much it would cost to remove and replace it. In March this year, a new law freed up $1bn to help smaller telecoms firms rip-and-replace Huawei and ZTE equipment. Huawei and others have long argued that such plans are self-defeating as they will set US innovation back and represent poor value-for-money for taxpayers and consumers alike. However, Pai struck a defiant tone in his prepared comments yesterday.

"The Bureau also took into account the findings and actions of Congress, the executive branch, the intelligence community, our allies and communications service providers in other countries,” he said. “We cannot and will not allow the Chinese Communist Party to exploit network vulnerabilities and compromise our critical communications infrastructure. Today’s action will also protect the FCC’s Universal Service Fund — money that comes from fees paid by American consumers and businesses on their phone bills — from being used to underwrite these suppliers, which threaten our national security.”

UBS Group AG and Citigroup Inc. are at odds on how Singapore‘s move to cap dividend payouts at the nation’s banks will play out for equity investors.To get more news about upstox, you can visit wikifx news official website.
Citigroup says the move will be viewed negatively by investors as dividend yield is an important factor when considering buying bank stocks. UBS sees the central banks move as prudent in the context of the coronavirus pandemic and no threat to the sustainability of payouts.
Singapore‘s central bank on Wednesday ordered lenders to cap their 2020 dividends at 60% of last year’s levels, a move in line with other global central banks actions in the wake of the pandemic. The lenders command the biggest weighting in the MSCI Asean Index and are set to announce their quarterly earnings next week.
Heres why the two investment banks differ over the outlook for banks:
‘Buying Opportunity’
“The short term and prudent nature of this measure does not raise any question marks on the long-term sustainability of dividends,” UBS Group analyst Aakash Rawat wrote in a note. “Investors with a slightly longer term horizon are likely to see this weakness as a buying opportunity.”

The impact seems greatest for DBS Group Holdings Ltd., which investors see as a bigger proxy for generating dividend income than its peers, he wrote.
‘Viewed as Negative’
“This will be viewed as negative for the banks as the dividend yield is considered an important component of the investment thesis for owning these names, especially DBS,” Citigroup analysts Robert Kong and Weldon Sng wrote in a note.
The cut in dividends will add to the pain of a sharp sequential fall in net interest margins and may prompt banks to front-load provisions, they wrote.
Prefer SGX to Banks
Jefferies Financial Group Inc. prefers shares of Singapore Exchange Ltd. to those of the nation‘s banks citing the bourse’s “similar but fully underwritten cash yield,” according to a note.
The announcement will weigh on sentiment as yield gets capped at around 4% versus 6% previously, although investors should remember the strong capital positions of the banks, analyst Krishna Guha wrote.
The brokerage downgraded DBS to hold from buy, lowering its dividend estimates by 29% for the 2020 fiscal year.

USD Bearish Against Gold Bullish After the FED Rate Decision

At 2:00(GMT+8) this morning, the FED released the latest decision, which keeps the interest rate in the range of 0% to 0.25%. DXY extends its loss after the decision.To get more news about upstox, you can visit wikifx news official website. 　　The FED stated that the rate will be kept there until the economy has recovered from the crisis and is on track to achieve the goals of maximum employment and price stability. It also pledged to use full range of tools to support the economy. 　　After the decision, DXY continued falling and bottomed a fresh low since June 2018. On the other hand, gold rallied to the Tuesdays level of 1981. Currently, gold prices are possible to find a new high and move upward to the 2000 psychological level in future trading. Traders should beware of the volatility in gold prices as there has occurred a breakthrough.

All the above is provided by WikiFX, a platform world-renowned for foreign exchange information. For details, please download the WikiFX App: bit.ly/WIKIFX The strength and confidence of the Swiss currency are not something new. The following chart shows the preeminent investors interest in the Swiss franc which has been gaining ground on the greenback for 50 years. Despite of the very strong trend over the last decade, the couple has been traded around the parity (close to 1), showing the relative balance.

In the currency market, balance dominates trades. On one side, the safe-havens keep their defensive qualities; on the other side, the currencies gain ground from every good economic or health news. However, this relative stabilization shouldnt obscure the marked fund trends for the Swedish Krona or the Swiss Franc. Conversely, if the euro recovers a bit on the eve of the fundamental summit of the European Union, it will show a little neutrality with the greenback as last year.To get more news about upstox, you can visit wikifx news official website.
Royal Crown (Krona)
The Swedish Krona has emerged as one of the winner currencies since the global lockdown, with some substantial gains on the dollar. At the start of the year, the Riksbank stood out with its key rate adjusting from last years -0,50% to 0. The monetary establishment wanted to end the 5-year negative rate. On this occasion, the Riksbank became the first to get out of it.
At its recent low in the early March, the USD/SEK parity was traded at 10.40 SEK, now it takes only 9.1 SEK. This conquering course can be seen in the Swedish Krona, which has gone from 11.2 SEK to 10.35 SEK per euro. As a “good student” who pragmatically focused on serious budgetary matters, Sweden (member of the European Union since 1995) has joined the club of “frugal” with Netherlands, Austria and Denmark.

The euro has just made a leap in its trajectory against the dollar. It crossed the 1.14 USD line for the first time in 4 months. This breakthrough against multiple currencies comes out a few days before the extraordinary European summit dedicating the 750 billion stimulus plan. The euro took advantage of the latest information on the possibility of a vaccine against Covid-19 to progress against the safe-havens such as the yen and the Swiss franc.
The risk assets are favored, which benefits the eurozone. Merkel, the chancellor of Germany, has just declared that European leaders must provide a “massive” response to the economic fallout arising from the coronavirus pandemic. Well not be in this situation any more this weekend. We are taking advantage of this focus on the euro to show its relative stability in the past several years. The graph below plots the 6-year course against the dollar year by year. We can see that the current exchange rate is located in the center (blue circle) of a narrow quotation range on this time benchmark, with an average of 1.12 USD.
The president of the Swiss National Bank (SNB) spoke a few days ago. In fact, Mr. Jordan explained that in order to meet economic challenges, the SNB should rely on 2 instruments to which it had resorted before the outbreak of the crisis, namely the negative rates and the intervention into the currency exchange market. This 2 measures aim to slow down the appreciation of the franc, which is a real obstacle to Switzerland's exports. This trend has been reinforced by the fall in interest rates, which is decided by other central banks. Monetary easing has resulted in lower yields broadly, exerting pressure on the franc at the end of the chain because the initial spread with the Swiss rate has narrowed.

On July 30 (local time), the U.S. Commerce Department reported that U.S. GDP shrank by 32.9% in the second quarter, according to the advance estimates. This is the largest collapse since 1940s, dramatically dragging down all the oil prices, stock indexes and gold prices.To get more news about upstox, you can visit wikifx news official website.
The sharp drop in U.S. Q2 economy was largely driven by the rapid decline in consumer spending. Among the whole economy, private consumption accounted for 65-70%. As consumers are much more conscious of saving money in times of the pandemic, the provided unemployment benefits and paper checks cannot bring consumption back from the downtrend.
Above information triggered the overall loss in the three U.S. stock indices. In terms of futures, oil jumped more than 3% while WTI and Brent Crude both closed lower. At the same time, gold prices eased back to $1945.40 per ounce, down 0.4%.

WikiFX reminds investors of possible exposure to credit risks, and suggests that traders should be defensive.

Please help to stop the issue caused by brokers like upstox, where we can't able to trade because their platform is not getting opened”, “We are losing money heavily”, “nobody is responding”. Recently, investors have made a mass of real-name complaints against upstox by WikiFX Exposure, expecting the broker to be punished as soon as possible.To get more news about upstox, you can visit wikifx news official website.
Previously, the platform has triggered anger of frequent users at the “automatic orders”. Recently, thousands of users are enraged by the illegal broker because of its shameless envelope-pushing. These complaints are various, for example, “the account was frozen although there is not a single order”, “losses arise from the fault of platform”, and “an inactivity fee was imposed even through the user has abandoned account opening midway and has never used the platform”, etc.

Users have received a chilly reception or even no response from upstox to their complaints. One user gave the feedback on the broker as: “The 24/7 customer service is simply for ornament. I waited from morning to evening with nobody responding. I'm so disappointed at their service system.”
Indian investors often stay helpless once defrauded by local brokers, which are too strong to be competed against. If they seek help from regulatory agencies, there can be onerous process that don't always have to be in effect. The better choice is to investigate the background of brokers before trading, in which the WikiFX APP is necessary.
In the case of upstox, the broker is displayed as “under invalid supervision” with a score of only 1.27 on the WikiFX App, which means the broker is risky. It is suggested to download the App at the first place, so as to recognize brokers before trading on forex platforms.

Blizzard is preparing to help adjust player counts on certain World of Warcraft Classic servers, and it'll allow some players to make the move for free.To get more news about Buy WoW Items, you can visit lootwowgold news official website.

A World of Warcraft community manager shared the news in a forum post, specifying that free character server moves are coming to select WoW Classic realms in the coming days. Once the service opens, you'll see the option to start a transfer on either the character select screen or the realm queue screen. Currently, there are three restrictions outlined in the post: You can't transfer a character if it's a guild leader, has active auction listings or bids, or has mail. The community manager said a full post with further character restrictions and other details will be shared once the service goes live.

There's no clarification on when the free character move service will be accessible, nor is there a confirmation on what servers will see the service.

In other WoW Classic news, more than 300,000 people watched as the game got its first level 60 player. Dot Esports reported that "Jokerd" leveled a gnome mage to 60 in three days, 20 hours, and 40 minutes, playing on the Mograine server in Europe. The game's garnered so much attention, in fact, that it has surpassed Fortnite and all other games as the most popular title on Twitch. In a feature story, we examined why WoW Classic is great and concluded that it's more than just nostalgia.

Blizzard has confirmed that it has "no plans" to bring World of Warcraft to console, following renewed speculation that it might be happening. A rating for WoW's upcoming Shadowlands expansion in Brazil listed it for Xbox Series X, but a spokesperson for Blizzard said this was an error.To get more news about WoW Classic Gold, you can visit lootwowgold news official website.

"We currently have no plans to bring World of Warcraft or Shadowlands to Xbox Series X," a spokesperson told Polygon. "The platform was listed on the Brazil Ministry of Justice rating website in error, and the entry has since been updated to reflect that the game is coming only to PC."

Before this, data-miners found references to controller support in Shadowlands' code, leading some to believe a console port was coming. Blizzard is adding controller support for Shadowlands, but it is meant to help people with limited mobility play the game.

Asked if this controller support was a first step toward releasing WoW on console, game director Ion Hazzikostas told GameSpot, "No. This is not that."

Shadowlands is the eighth expansion for WoW, and it is scheduled for release later in 2020. As its name suggests, the expansion takes players to the world of the dead. Unlike all the previous expansions, Shadowlands actually reduces the level cap to 60, down from 120, as part of a unique twist. Players can begin trying out Shadowlands for themselves right now with the beta.

Today HyperX, the gaming division of Kingston Technology Company, Inc., announced HyperX Kickoff to WoW? Classic, a livestream event, for World of Warcraft? fans old and new, recalling nostalgic moments and building excitement for the hours leading up to Blizzard Entertainment’s WoW Classic servers going live. The event will include interviews as well as exclusive videos and panels featuring top WoW streamers, cosplayers, and a member of Blizzard’s WoW development team. The HyperX Kickoff to WoW Classic will stream for over four hours on Monday, Aug. 26 from 11 a.m. – 3:30 p.m. PT. The stream will be filmed at the HyperX Esports Arena in Las Vegas and the broadcast will be hosted on both Twitch.tv/hyperX and Twitch.tv/warcraft. To get more news about Buy WoW Gold Classic, you can visit lootwowgold news official website. HyperX is excited to bring HyperX Kickoff to WoW Classic to fans in anticipation of the WoW Classic servers going live,” said Stephanie Winkler, strategic marketing, HyperX. “Fans can return to Azeroth and reminisce as they prepare to play WoW Classic.” HyperX is the gaming division of Kingston Technology Company, Inc., the world’s largest independent memory manufacturer, with the goal of providing gamers, PC builders, PC, console and mobile power users with high-performance components. For 16 years, the HyperX mission has been to develop gaming products for all types of gamers – high-speed memory, solid state drives, headsets, keyboards, mice, charging accessories for console players, USB flash drives, and mousepads – to the gaming community and beyond. The award-winning HyperX brand in known for consistently delivering products that deliver superior comfort, aesthetics, performance, and reliability. HyperX gear is the choice of celebrity ambassadors, pro gamers, tech enthusiasts, and over-clockers worldwide because it meets the most stringent product specifications and is built with best-in-class components. HyperX has shipped over 60 million memory modules and 7 million gaming headsets worldwide.