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Ecuador Wins Bondholders Approval for Debt Restructuring

Ecuador won the support of the majority of bondholders required to restructure $17.4 billion in international debt, reducing the South American nations obligations.To get more news about WikiFX, you can visit wikifx news official website.
　　President Lenin Morenos government will exchange 10 existing notes maturing between 2022 and 2030 for three new bonds due in 2030, 2035 and 2040. Under the new terms, interest payments will resume at the beginning of next year, while the earliest principal comes due in January 2026.
　　“With this, we free up resources for social protection and economic recovery,” Moreno wrote in a tweet.
　　The debt accord gives Ecuador breathing room, well beyond when Morenos term ends next May. Still, political opponents have criticized the president and his finance team for not taking a more aggressive approach in the restructuring talks. At the same time, they won praise from key creditors who said Ecuador officials were more reasonable than their counterparts in Argentina, where negotiations have dragged on for months.

　　The Moreno government faced a late challenge when two creditors -- Greenwich, Connecticut-based hedge fund Contrarian Capital Management LLC and Boston-based GMO -- asked U.S. District Judge Valerie Caproni in Manhattan to block the restructuring, calling the nations tactics “coercive in the extreme.” She denied that request on Friday.
　　Ecuador‘s Finance Ministry said it will extend the deadline for creditors to participate in the debt offer until Aug. 7 to allow for holders who didn’t vote yet. The target date for the bond exchange is Aug. 12. The bond debt Ecuador is restructuring is close to a third of foreign debt. Its also aiming to reprofile bilateral debt with China, as well as to obtain new Chinese loans for $2.4 billion, and reach a successor deal with the International Monetary Fund, which supported the bond exchange, to the $4.2 billion agreement that collapsed amid the COVID-19 crisis.
　　Ecuador embarked on a debt-sale spree in 2014 to offset a decline in the price of oil, its main export. Mounting financial trouble led the country to sign the pact with the IMF in early 2019. Its debt woes were exacerbated by the pandemic. Ecuador is suffering one of the worlds highest death rates from the virus.

Asian Stocks to Open Higher; Dollar Advances: Markets Wrap

Asian stocks looked poised for gains Tuesday after a technology-fueled rally in the U.S. amid positive economic data and the potential for further stimulus. The dollar climbed.To get more news about WikiFX, you can visit wikifx news official website.
　　With investors attuned to any potential for more economic stimulus, U.S. stocks got a boost after the White House was said to be exploring whether President Donald Trump can act on his own to extend enhanced unemployment benefits. A slowdown in the rate of coronavirus infections in a number of states also boosted sentiment.
　　“Momentum begets more momentum, and the markets have been overbought we believe, but the demand to buy has been there,” said Bob Phillips, managing principal at Spectrum Management Group. “Theres a big desire from both parties to get some kind of stimulus passed. The way the market is reacting, I think the market is expecting that.”
　　Meanwhile, tension between the U.S. and China continue to simmer. Trump said TikTok will have to close its U.S. operations by Sept. 15 -- unless there‘s a deal to sell the social media network’s American operations.

　　Iain Stealey, chief investment officer of fixed income at JPMorgan Asset Management International, discusses where to find value in bond markets.

Fed Urges Fiscal, Long Slump Down Under, Advanced Stall

Welcome to Tuesday, Asia. Heres the latest news and analysis from Bloomberg Economics to help you start the day:To get more news about WikiFX, you can visit wikifx news official website.
　　Fed officials warned that another round of fiscal relief would be critical for the U.S. economy as lawmakers continued to negotiate the contours of additional aid
　　Australia‘s spiraling Covid-19 outbreak and the closure of large tracts of the southeastern state’s economy is likely to prolong the first recession in almost three decades
　　Alternative data is showing a stalling recovery in advanced economies, writes Bjorn van Roye

　　Amit Shah, the man leading India‘s fight against Covid-19 and Prime Minister Narendra Modi’s top lieutenant, has been among leaders touting the countrys low death rate as a success story
　　New Zealand may see the largest impact of the Covid-19 pandemic on the labor market after Septembers election thanks to government intervention and a shorter-than-expected time spent in lockdown
　　South Koreas consumer prices advanced in July, adding to signs that the downturn from the coronavirus pandemic is bottoming out
　　Tracking Japan recession, Yuki Masujima parses high-frequency data
　　Indian Prime Minister Narendra Modis government is banking on a recovery in rural demand to slow the economys first contraction in four decades. But capricious rainfall may play spoilsport
　　The Bank of England is effectively subsidizing polluting industries in its pandemic rescue program despite claims by Governor Andrew Bailey that tackling climate change is a priority, a think tank said
　　A South Korean court is set to start liquidating assets of a Japanese company to compensate Koreans conscripted to work during colonial occupation, straining ties between two key U.S. partners just as the Trump administration needs their help in countering China

A Simple guide for new Investors to the surge in Gold prices

Gold prices hit a record at the end of last week, creating a new milestone in a surge that began in late 2018 and has gathered momentum during the coronavirus pandemic.To get more news about WikiFX, you can visit wikifx news official website.
　　Gold soared roughly 30% in 2020 to stop just short of closing at $2,000 a troy ounce—which is an all-time high in New York trading as it surpassed the Nasdaq Composite Index of highflying technology stocks.
　　What is the gold market？
　　There are two gold markets, remarkably similar because investment banks and other big players are active in both.
　　The first is the physical market, which brings together miners, refiners, jewellers, central banks, electronics manufacturers, banks and investors.
　　London is the focal point, dating back to the first gold rush from Brazil in 1697. Shanghai, Zurich, Dubai and Hong Kong are also hubs.

In good times, gold costs roughly the same amount in London‘s physical market and on New York’s Comex.
　　If prices move out of kilter, banks bring them back in line by buying bullion on the cheap in one city, flying it across the Atlantic (normally in the cargo hold of a passenger plane) and selling at a profit where prices are higher.
　　They must factor in the small sum it costs to recast the gold, since Comex requires smaller bars, weighing either 100 troy ounces or a kilo.
　　The Corona virus pandemic scrambled this self-correcting mechanism in March this year. The world is still reeling from the effects.
　　Flights not operating due to the pandemic led to fears of a shortage in New York, sending futures well above spot prices in London.
　　The concerns proved unfounded, but the violent price moves led to losses at banks including HSBC Holdings PLC.
　　That has prompted banks to trade less actively on the Comex, which could make futures more volatile going forward.
　　How do Investors buy and sell gold？
　　Professional fund managers bet on gold prices with futures.
　　To avoid taking hold of a large amount of bullion, investors normally sell futures before they expire and buy later-dated contracts, a process known as rolling.
　　This comes at a cost because longer-dated futures cost more than spot gold.
　　The difference normally goes to the pockets of the investors enemy — investment bankers—who gets to buy at the low prices and sell at high prices.
　　Regular investors, comprising of Parents, Everyday people buy physical bars and coins, which they can either keep at home or in vaults.
　　Demand for bars and coins has shot up during the pandemic, though clients are also selling to profit on rising prices.
　　When things go bonkers and out of hand, with a lot of uncertainty in the markets, the two precious metal all investors rush to are gold and silver. A lot of investors consider it a safe haven investment.
　　Investors who want exposure to gold prices without the hassle of storing bullion or trading futures found an alternate solution in 2003: exchange-traded funds (ETFs).
　　These funds, with a huge surge in popularity, buy gold and issue shares that trade on the stock exchange.

According to the Warcraft lore, Undead who were Priests in life became the first Shadow Priests in death. They woke up to the new life-after-death only to discover that the power of Light, that they've devoted their lives to, now burns them and causes agonizing pain. These first Shadow Priests did not have much choice, they had to forsake the Light to survive. The "new" Shadow Priests have the choice, however, and only the most dedicated will remain loyal to the ways of Shadow, while most of them will end up as sad Holy Healers.To get more news about WoW Classic Items, you can visit lootwowgold news official website.

Shadow Priests have a unique ability that allows them to leech the life force out of their enemies and mend their group members with it. They are also in possession of one of the most powerful Spells of Classic - the Mind Blast. Moreover, they can Shield their group members or leave their Shadow Form and support their Raid with Healing if needed. However, PvE Shadow Priests have a multitude of problems that overweigh their benefits, the largest of them being low damage output and severe sustain issues.

This is why most guilds force aspiring Spriests to respec Holy. However, one lucky follower of the Shadow is often allowed to not forsake his ways and provide Raid's Warlocks with the Shadow Weaving buff that considerably increases their DPS.Race choice is more impactful for Priests than for other Classes because Priests get a race-specific "Priest Racials" in addition to the standard set of Racial traits.

Note: Here, we will point you only towards the best PvE DPS Shadow Priest Race. If you'd like to know more about other race picks, please check our WoW Classic Beginners Guide, where we dive deep into all available Mage's race choices for both factions. Sadly, Truefaith Vestments, the BoP Priest-specific Chest made by Tailoring is not suited for Shadow Priest gameplay at all (it gives Healing power and not Spell Power). This leaves just one profession that makes a real impact in Raids - Engineering (Alchemy is also a decent option, but you can buy Flasks, Elixirs, and Potions from other players, which makes it much less impactful). It gives you access to powerful explosives that increase your AoE and Single-Target DPS.

Moreover, Engineering gadgets come in handy in many back-to-the-wall situations. The fact that Engineering is also considered the best PvP profession is an added benefit to its power in a PvE environment. At the start, you should pick Mining to supplement your Engineering Skill, you can always switch it to another profession of your liking later on. There are also other profitable ways to earn Gold in WoW Classic which you can find out more about in this article.

The difficulty level of earning Gold back in Vanilla days of WoW is shrouded in legends. Tales of players farming for a month straight just to earn enough currency to afford a single epic mount can be heard on guild voice chats to this very day. Many have anticipated the return of this money-struggle with the introduction of Classic. Luckily for us, 15 years of min-maxing, analysis, and MMO gameplay in general, have uncovered the best ways of making WoW Classic Gold without the need for the mindless slaughter of random mobs (considered farming is, however, still a good option - you just have to know where and whom to farm...). Thanks to this knowledge, players are now able to make money much, much faster than in vanilla days, which has a side effect of rapidly growing inflation... This means that prices are higher in Classic than they were in Vanilla, and the demand for proven currency-making methods is considerable. That is why we have decided to share the moneymaking knowledge that we have accumulated by publishing this up-to-date WoW Classic Gold making article. To get more news about WoW Classic Gold, you can visit lootwowgold news official website.

This guide aims to introduce you to the basics of World of Warcraft Classic gold making. Hopefully, it will help you learn how to take your moneymaking skills to a completely new level.

The Below-described methods have proven to be working exceptionally well, but we encourage you to treat them as an inspiration or a benchmark that will help you devise your own methods (finding your niche is a sure road to success; less competition = much more profit and an easier time making it).

If you are not interested in the meta-game aspects of moneymaking, you will still find some basic tips and tricks here. Note1: For those of you who value numbers more than words, we have devised a simple Star Rating System that should make spotting moneymaking activities that meet your requirements/playstyle much easier. We have granted from 0 to 5 stars, to each of the below-described activities, in three self-explanatory categories: Easiness, Quickness, and Profitability. Note2: Please remember that the ability to analyze the market, draw conclusions from it, devise a Gold-making strategy (based on conclusions), and successfully implement it is the most important skill that you should learn.

Moreover, remember that patience is a virtue and rushed decisions often lead to spectacular failures; be patient, analyze, succeed (or just pick a method that puts WoW Classic Gold straight into your pocket and is not associated with the risk of not making a worthwhile profit).

In World of Warcraft Classic, Weapons are the lifeblood and the key to success. Weapon Skill represents your proficiency with a type of weapon, and increasing your weapon skill reduces your chance to miss when attacking a target. To be the core player in the gameplay, you need to level up your WOW Classic Weapon Skills. So, do you know how to train weapon skills in WOW Classic? If you want to find the answer, just follow this short article.To get more news about WoW Gold Classic, you can visit lootwowgold news official website.

Racials determine which race you need to pick to optimise your class, and in some cases this is can be a HUGE difference. Perhaps most of all seen in the +weapon skill racials belonging to Orcs/Humans. Any melee class that doesn't roll these on alliance is at a huge disadvantage (3% hit), the same is true for warriors on horde (perhaps shaman too).

First of all, there is an easy and convenient way that is Buy Safe WOW Classic Power Leveling service from reliable game store. No matter you want to level up your weapons skills for Hunter, Mage, Shaman, Warlock, or Warrior, We offer World of Warcraft Classic Weapons Skills Boosting service, including Crossbows Weapon Skills, Guns Weapon Skills, and Bows Weapon Skills Power Leveling and so on. No matter what kind of weapons skills you want to improve, we will always satisfy your requirements.

Characters at level 1 start with a weapon skill cap of 5, and the weapon skill cap value increases by 5 based on your level. At level 60, a character's weapon skill cap will be 300. Mobs used for this quest The Ashtongue Corruptors will not aggro you untill you break the totems holding them. You can hit them as much as you like and you'll always get Immune, but will gain weapon skill. Weapon skills are maxed in PvP combat.

This means leveling a weapon skill for pvp is unimportant; when attacking an enemy player, your Weapon Skill will always be considered to be your level * 5, and your target's Defense will always be treated as his level * 5 (before any Defense Rating from your target's gear is added in). Weapon skill does not affect your chance to hit other players in the battlegrounds or in the arena, but it still affects your hit chance against enemy players in world PvP or duels. Finally, if you do not have much time for higher weapon skills, or you have a hard time grinding by yourself, we will try our best to meet your requirements.

In response to investors demand, WikiFX visited the broker TRADE.COM last May and found that its claimed address in Cyprus was fake. Moreover, the complaints from investors are pouring into the exposure platform of WikiFX. They highly suspect TRADE.COM of manipulating forex trading behind the scene. Many investors thus have blacklisted it. What exactly was going on？To get more news about Expert 24 Trade, you can visit wikifx news official website.



After the field investigation on TRADE.COM, WikiFX rated it as poor and warns investors against facile deposit.
　　One of the complainants told WikiFX that he was mildly interested in TRADE.COM at first. To begin with, he set up a virtual account on its platform for observation and more information. “I never expected the platform to be so disordered that it can screw up a virtual account.”
The above two pictures show the price trends of sweet crude oil on TRADE.COM and an authoritative platform respectively, which were both shared by the complainant. By comparison, he observed that even for the same crude oil futures, the data in the two platforms actually differs by at least 0.3 points.
　　The complainant said that: “The difference is large. Apparently, TRADE.COM is fixing the prices and thereby deceiving investors.” Fortunately, his account is just a virtual one, otherwise the losses may be considerable.
　　TRADE.COM is currently under CySEC's normal supervision. Nevertheless, WikiFX alerts investors to the risks of this broker considering the increasing complaints recently. WikiFX also reminds investors to check the authenticity of a broker‘s license, regulatory information and market data before choosing the broker. Click WikiFX APP to check broker’s qualification now.
　　So far, WikiFX App has included profiles of more than 19,000 forex brokers around the world, while integrating broker information query, exposure, news feed and other functions, and protecting investors fund safety in forex trading. More exposures are coming soon.

In the following week, the Bank of Japan (BOJ) and the Reserve Bank of Australia (RBA) will release the minutes of its latest monetary policy meeting on Monday and Tuesday, respectively, which are noteworthy.
　　Awaited figures on Tuesday are Japan‘s (CPI) and core CPI for June, and Canada’s retail sales and core retail sales for May.To get more news about Expert 24 Trade, you can visit wikifx news official website.
　　On Wednesday, the American Petroleum Institute (API) will report weekly inventory levels of crude oil and gasoline changed as of July 17. Other data out on the same day are Canada‘s CPI and core CPI for June, and Federal Housing Finance Agency’s (FHFA) house price index for May. On Thursday, Germany is going to publish its Gfk consumer confidence indicator (CCI) for August while the U.S. will release initial jobless claims and continuing claims for the week ended July 18. In the mean time, CCI for July in the euro area will be confirmed.


　　Gfk CCI for July in the U.K. will be focused on Friday, together with the initial value of Markit manufacturing PMI for July in France, Germany, Britain, the euro area and the United States. On the same day, the Economic and Financial Affairs Council (ECOFIN) of EU will be eyed for the budget and stimulus package discussed.

The U.K.s recovery is still looking V-shaped and the economy has clawed back about half the output it lost in March and April, Bank of England chief economist Andy Haldane said Monday.To get more news about Expert 24 Trade, you can visit wikifx news official website.
　　“This plainly has been a recovery and a pretty sharp one,” he told lawmakers on Parliaments Treasury Committee. “As has been the case of course globally -- in that sense we have seen a bounce-back, so far it has been a V. That does of course not tell us where we might go next.”


　　Haldane dissented at the BOE‘s June meeting, voting against expanding asset purchases. He’s since come across as more upbeat about the economy than Governor Andrew Bailey and fellow policy maker Silvana Tenreyro, who will also address lawmakers this afternoon.
　　Haldane said the economy likely hit its floor in April, and about half of the roughly 25% fall in activity in March and April has been regained. But he noted that labor market figures are “understating the unemployment problem” and policy makers are monitoring the job situation carefully.
　　Were “by no means out of the woods on activity or jobs, but materially better than expected two or three months ago,” he said.
　　BOE officials will publish updated forecasts at their next policy meeting on Aug. 6. They have been reviewing tools at their disposal, including negative interest rates, after cutting rates to a record low 0.1% and expanding their bond-buying program.
　　“There is plainly less room for monetary maneuver as a result of this crisis, be that interest rates or further QE,” Haldane said. “But less room for maneuver is not no monetary maneuver at all.”
　　Negative interest rates could potentially encourage further borrowing, though they would also have downsides like a squeeze on banks margins, he said.