Oxford Reports

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Day: August 12, 2019

Goldman Sachs Says That Rising US-China May Lead To Recession

Goldman Sachs, the American multinational bank said that the escalating trade tension between the two countries may lead to recession. It also adds that it doesn’t expect the trade deal to be completed between the world’s largest two economies before…

China Is Almost Ready To Step Into Virtual Currency World

The People’s Bank Of China has claimed that its digital coin currency “can now said to be ready” after half a decade of work. It’s not volatile as Bitcoin or any other cryptocurrency. According to Deputy Mu Changchun, it has…

People’s Bank Of China Fixes Yuan At 7.0211

On Monday People’s Bank Of China set its official midpoint reference for Yuan at 7.0211 per dollar. It is weaker than Friday’s session although higher than what market watchers predicted. This is the third successive time when People’s Bank Of…

US Navy Will Discard Use Of Touch Screen And Roll In Mechanical Ones

The world is marching towards technological advancement while the US Navy is taking a step back. Oxford Reports learned that Navy will replace the touch screen controls to the mechanical ones. The decision comes after the investigation of USS John…

United Parcel Service Retains Its Close Ties To Amazon

Since the FedEx broke its ties with Amazon, United Postal Service (UPS) is trying to retain its ties with Amazon. Amazon is also one of the largest customers of the United Postal Service. According to Morgan Stanley estimates, ten percent…