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Amazon facility to rise after land purchase in Apopka

Amazon facility to rise after land purchase in Apopka A land sale has been completed for e-commerce giant Amazon's latest Central Florida facility.To get more Amazon news, you can visit shine news official website. New York-based Nuveen and Atlanta-based Seefried Industrial Properties' related SIF Apopka Distribution Center LLC on Aug. 5 bought roughly 43.6 vacant acres for $14.4 million, or roughly $330,275 per acre, according to Orange County records and sources familiar with the deal. The seller was BPG Apopka Properties 1 LLC, an entity related to Kansas City, Missouri-based BlueScope Properties Group, developer of the 180-acre, 2.4 million-square-foot Mid-Florida Logistics Park — the complex where the Amazon facility will be built. Site work already started on Seattle-based Inc.'s (Nadaq: AMZN) future 201,475-square-foot warehouse called "DFL5 Apopka Last Mile." The project adds to new construction in Central Florida, an important regional economic driver. It creates jobs, while also providing more space for companies involved in e-commerce, logistics, housing and other industries. Nuveen and Bluescope representatives were unavailable for comment. Owen Torres, a spokesman for Amazon, said the company is "excited to increase our investment in Florida with a new delivery station to provide fast and efficient delivery for customers, and provide hundreds of job opportunities for the talented local workforce." In addition, the market's dynamics are "fantastic," previously said BlueScope Properties Group President Scott Alexander. "Population growth has driven a lot of things." In recent months, developers have been lining up to secure land for projects in the fast-growing Apopka submarket. In the second quarter alone, the Apopka/Silver Star industrial market featured 656,500 square feet of industrial construction — or a quarter of Central Florida's total industrial construction, Cushman & Wakefield reported. The submarket also saw 713,916 square feet of industrial space completed in the second quarter. Both of those stats show how bullish investors and companies are on the submarket.The projects are timely, as the expansion of State Road 429 and new companies adding jobs have made Apopka a hot spot for housing and other development, said Andy Slowik, director of land brokerage at Chicago-based Cushman & Wakefield PLC (NYSE: CWK), who isn't involved with these Apopka projects or deals. The market is expected to continue to see developers vying for land as more people move there and as SR 429 construction work is completed in 2023, Slowik said. "There are a lot of eyes on Apopka."Beyond that, the Apopka/Silver Star industrial market features a 15.2% average vacancy rate, well above the Orlando-area's overall average of 8.2% — likely due to all the new product being built but not yet leased. The submarket's average asking monthly rent for warehouse/distribution space is $7.15 per square foot, higher than the Orlando-area average of $5.97 per square foot. The higher prices in the Apopka submarket may demonstrate that users are willing to pay more for this space.

Who is the strongest safe-haven currency in the forex market

Who is the strongest safe-haven currency in the forex market Safe-haven currencies, aka hedge currencies, are relatively stable, not easy to depreciate, nor easily affected by policies, war, market fluctuations and other major international events, and can avoid investment risk as much as possible. However, safe-haven currencies can also fluctuate with market. Among them, the Japanese yen, the Swiss franc, the US dollar and gold are the four most famous safe-haven currencies.To get more news about WikiFX, you can visit wikifx news official website. The Swiss franc, the US dollar   As we all know, Switzerland is a permanently neutral country. So it is considered to be the safest place in the world, coupled with the protection policy adopted by the Swiss government on finance and forex, for which a large amount of forex has poured into Switzerland. The Swiss franc has become a popular currency for international settlement and forex transactions. Therefore, the Swiss franc has been seen by investors as a traditional safe-haven currency for a long time. The international political situation may suddenly become tense or the uncertainty of economic growth increases, thus the Swiss franc will become the first choice for investors to transfer funds. The US dollar can act as a safe-haven currency, which is closely related to the economic strength of the United States. At the end of the 19th century, the US economy developed rapidly, elevating its global status. Then the United States won the second World War, and gold started to flow into the country. When the Bretton Woods system, an international monetary system centered on the US dollar, was established, the United States became the first power country in the world.   Japanese yen   The yen has become a safe-haven currency for both historical reasons and social-economic factors. The first is that it reflects a stable currency value and low inflation as well as the size, structure and resilience of economy of the currency-issuing country and the ability to isolate external shocks. The second is the degree of financial market development. The third is the degree of openness of the market. Safe-haven currencies need to be freely convertible, and the financial markets are sufficiently open.   Japan has both the second largest dollar reserves in the world and the large number of US dollar claims, which means it is extremely difficult to short the yen. Whats more, although Japan's domestic debt is heavy, its foreign debt is very small, so the Japanese government has always enjoyed a high credit rating. Importantly, in order to stimulate the economy, the Bank of Japan continues to reduce interest rates. Japan has been taking a nearly zero interest rate monetary policy for a long time. This is why the yen can be a safe-haven currency. 1: Low interest rate.   If there is a sharp cut in interest rates, it will cause a large number of hedging transactions to devalue the currency, and a currency cannot become a safe-haven asset when in a sharp devaluation. However, the yen has a very low interest rate, which means that the possibility of a sharp depreciation of the yen is very low! Under this condition, the yen can become a safe-haven asset.   2: location and political   Japan is a Pacific island country with a total land area of only 377,800 square kilometers. Based on the special geographical environment as well as the scarcity of resources, it is difficult for Japan to call a war with other countries. Although Japans land area is very small, it is a developed country. It can be say that it has a strong economy system. Furthermore, Japan has always been attached to the United States. With the support of the United States, the yen can be relatively stable, which is why many investors prefer the yen.   3: Japanese yen can be circulated freely.   The Japanese yen is a free-circulating currency in the world, and there will not be too many restrictions on its circulation. This property of free circulation opens a “channel” for the yen to become a safe-haven currency. Only a currency that is circulated freely can attract investors.   Why does the yen become the strongest safe-haven currency?   As long as the interest rate of a currency is low enough and the liquidity is large enough, it can become the financing currency of the carry trade, and this is why it called “safe-haven currency”. The yen is lucky to meet these two conditions, so it can become the strongest safe-haven currency.

Higher Gold Prices Ending the Year

Higher Gold Prices Ending the Year The gold market is seeing significant momentum with prices hitting a fresh nine-year high, pushing above $1,840 per ounce. One research company still expects to see higher prices through the end of the year.To get more news about WikiFX, you can visit wikifx news official website.   In a report published Tuesday, James O Rourke, commodities economist of Capital Economics, indicated that his company now sees gold prices ending the year around $1,900 per ounce, higher than its previous target of $1,600 per ounce.   “We reckon that inflation breakevens will drift higher, back to pre-pandemic levels, as economies recover from their lockdown-induced slumps,” he said in the report.   Capital Economics also expects to see a weaker USD in the second half of 2020. This will provide another impel for gold, ORourke said.   All the above is provided by WikiFX, a platform world-renowned for foreign exchange information. For details, please download the WikiFX App:

Failure of Value Investing? BOA: Three Reasons to Buy Growth Stocks

Failure of Value Investing? BOA: Three Reasons to Buy Growth Stocks According to the report from Bank of America(BOA) this week, the winning trend of value investing has been broken since 2007 as growth strategies have outperformed value strategies by nearly 8%.To get more news about WikiFX, you can visit wikifx news official website.   Despite BOA listed 7 reasons why value investing may be poised for a comeback, it also laid out 3 reasons why growth strategies will continue to climb.   1. ESG prefers growth. Most ESG scoring systems favor tech-based company (growth investing) and penalize energy-based company (value investing). 2. QE Infinity and weak economy favor growth. It suggests that as long as financial conditions remain easy, its difficult to see the current trend of growth outperforming value reversing. 3. In some cases, value means melting ice cubes.   BOA explained that disruption is evident in almost every industry because new technology will replace the old business models, creating obsolescence risk for value investing. All the above is provided by WikiFX, a platform world-renowned for foreign exchange information. For details, please download the WikiFX App:

Indonesia Forms Panel to Revive Virus-Hit Economy as Cases Jump

Indonesia Forms Panel to Revive Virus-Hit Economy as Cases Jump Indonesian President Joko Widodo will chair a new task force to lead efforts to contain the biggest outbreak of coronavirus in Southeast Asia and monitor spending of $47 billion in fiscal stimulus to revive the nations economy.To get more news about WikiFX, you can visit wikifx news official website.   The panel will integrate various existing programs to mitigate the pandemic and ensure good governance in allocating 695.2 trillion rupiah ($47 billion) of recovery funds, the State-Owned Enterprises Ministry said in a statement Monday. Coordinating Minister for Economic Affairs Airlangga Hartarto will head the panel‘s policy committee, with State-Owned Enterprises Minister Erick Thohir overseeing the task force’s daily operations.   Thohir is picked to coordinate economic recovery efforts as his ministry drives one-third of Indonesias economy, with a multitude of state companies dominating sectors from public services to healthcare and distribution of goods, the ministry said. The task force will also coordinate various ministries virus-related efforts, it said. New cases have surged in recent weeks across Indonesia after social-distancing rules were eased to prevent Southeast Asias largest economy from slipping into recession. The pandemic has battered the economy, spurring policy makers into action with more government spending, interest rate cuts and loan moratoriums and interest-rate waivers.   Jokowi, as the president is commonly known, has said the pandemic is having a bigger impact on Indonesia than the Asian financial crisis in the late 1990s. The outbreak has clouded the timeline for resuming normal economic activity and weighed on household consumption, which makes up almost 60% of Indonesias economy.   “Many countries have seen success in repressing the virus and reviving their economies. Seeing that, we know that it is possible and can be replicated,” Thohir said in the statement. “But there are others that see recession. They also suffice as examples as to what we must avoid.”

Ex-RBI Chief Says Insolvency Rules Caused Rift With Government

Ex-RBI Chief Says Insolvency Rules Caused Rift With Government Moves to dilute a new bankruptcy law caused disagreements between Prime Minister Narendra Modis government and the central bank, according to former Reserve Bank of India Governor Urjit Patel.To get more news about WikiFX, you can visit wikifx news official website.   The rift centered around a February 2018 circular issued by the RBI, which forced banks to immediately classify borrowers as defaulters when they delayed repayments, and which barred defaulting company founders from trying to buy back their firms during insolvency auctions. In a book released Friday, Patel -- who headed the RBI between September 2016 and his unexpected resignation in December 2018 -- said the government seemed to lose enthusiasm for the legislation in the middle of the year he left the central bank.   “Instead of buttressing and future-proofing the gains thus far, an atmosphere to go easy on the pedal ensued,” Patel wrote. “Until then, for the most part, the finance minister and I were on the same page, with frequent conversations on enhancing the landmark legislations operational efficiency.”   Read excerpts from Patels book here   The government was probably of the view that the “deterrence effect -- ‘future defaulters beware, you may lose your business’” had been achieved, Patel said. He adds that “there were requests for rolling back the February circular” and “a canard was spread” to discredit the rules, including by incorrectly suggesting that small businesses would suffer disproportionately.   Patel‘s comments offer a first glimpse into a tussle between the RBI and the government, which led eventually to a U-turn that stunned the Indian business world when the Supreme Court last year struck down the RBI’s February circular. Those subsequent changes in the bankruptcy rules risk reversing gains from the efforts to clean one of the worlds largest bad-loan piles, Patel warned in his book.

Previous Statement on Proc and GCD in WoW Classic

Previous Statement on Proc and GCD in WoW Classic Remember Blizzard’s response regarding proc weapons and global cooldown for WoW Classic? Well, it looks like they’re walking it back somewhat.To get more news about WoW Classic Items, you can visit lootwowgold news official website. However, we discovered that this is true only if the spell or ability that triggered the GCD was flagged as a magic-based attack (or more specifically, spells flagged in our data with a defense category of “magical”). This means that most physical abilities or spells that incur the GCD will not block these procs from firing while the GCD is in effect. An example of this is a Warrior’s Hamstring ability. This has a defense category of “physical”, thus you can still see Nightfall procs occur while you are on GCD following the usage of Hamstring.”“The “good” news is, the actual results from the comparison between original WoW and Classic was the same, and that the actual answer for why these items are bound by the GCD was far more mundane; some proc effects simply have a data flag set to obey GCDs, and the items listed in the original thread about this all have that data flag set in the 1.12 data. We still don’t consider this to be a bug as the fact that this was set in the original data even more strongly suggests that these effects were intended to behave this way from the start.”

move World of Warcraft forward by learning from its past

move World of Warcraft forward by learning from its past World of Warcraft is gearing up for its next expansion, Shadowlands. After a lukewarm response from many players toward Battle for Azeroth, Shadowlands is looking to rebuild some goodwill between Blizzard Entertainment and its community.To get more news about WoW Classic Gold, you can visit lootwowgold news official website. Part of this involves looking at what exactly it is that so many disliked about Battle for Azeroth, which included complaints about unpolished experiences like Island Expeditions and Warfronts, a restrictive and annoying system of acquiring abilities through gear, and the difficulty of playing as more than one character for endgame content. Earlier this month, I played the alpha test of Shadowlands and talked with the game’s technical director, Frank Kowalkowski. I wanted to know how Shadowlands is looking to stand out from the last few World of Warcraft expansions, and ask about new features like Torghast, a roguelike-inspired experience which has players exploring an unending tower. Frank Kowalkowski: There’s quite a few of them. One of them we’re undergoing right now, which is making sure that — we’re going to beta next week, and we feel like we have a first pass on all of our endgame systems ready to go and to show to players on the beta and our own development team, and we can begin receiving feedback. We feel like maybe in BfA, some of that played out well in the beta, with Azerite abilities and the neckpiece. We’re trying to get a bit of a head start on some of that to get feedback as soon as possible so we can continue to tune up until we release Shadowlands. The second one, which is again based a lot on feedback throughout BfA and based on the positive reception we got for both the Queen Azshara content drop and the Lost Visions of N’Zoth, was player choice, player agency. We’re doubling down on that. The covenant is the obvious example of that, but you’ll also get to choose crafting your legendary. We’re also going to give you more mains to be able to populate your weekly chest than we did in BfA as well. GamesBeat: Covenants are a major feature in Shadowlands. You pick one of four, and that determines certain abilities and other features that you unlock. Are players going to be able to pick a covenant they want because it’s their favorite? Or will players be forced to pick certain ones because they are the strongest for their class. Kowalkowski: We’re going to do a lot of tuning to make sure that we don’t have a, yeah, if you’re a demon hunter you have to pick this covenant. The covenant is about more than just the signature ability and the one power for your class. There are soulbinds that factor into the covenants, and other systems like Torghast that you’re going to be able to leverage to customize your character. It’s more than just the ability. That’s the one that’s up front because it’s the first thing players will see and experience, but there’s a lot of depth to the covenant system. We think it’s going to be up to each player to decide how they pick a covenant. You can pick it based on your play style, the types of things you want to do, but we also want to give you the option to pick a covenant for aesthetic or personal choice reasons. You identify with — I play a death knight, so maybe I identify with the Necrolords. I should be able to make that choice and not feel bad for doing that. There should be rewards and tuning such that I feel good about my choice.

World of Warcraft: Classic’s Battlegrounds will launch early

World of Warcraft: Classic’s Battlegrounds will launch early Blizzard Entertainment announced today on the World of Warcraft: Classic message boards that the Battlegrounds player-vs.-player mode will be coming December 10.To get more news about WoW Gold Classic, you can visit lootwowgold news official website. Battlegrounds were supposed to come out in early 2020 along with the Blackwing Lair raid. However, Battlegrounds needs to come out earlier to satiate blood-thirsty players. On November 15, Blizzard released the honor system to Classic. This gives players honor points whenever they kill “honorable” targets, mostly other players on the other faction that are near their level. You can then use those points to buy things like mounts. However, this has caused some big headaches, as players eager for honor points are just camping areas where slightly lower-leveled players congregate. This is making the game difficult to play for some, especially players close to level 60 (like me, grrrrr). It’s especially bad if you’re on a server with a lopsided Horde/Alliance population (also me, weeeee). When Battlegrounds are out, players seeking honor points will have a more efficient and fun way to do so, doing things like trying to capture a flag instead of camping at an Alliance flight path. World of Warcraft: Classic came out on August 26, bringing back the popular MMO to a state it was like before any of its expansions launched. It shares the same subscription as the normal version of WoW, and the introduction of Classic has helped give player numbers a big boost.

Why Alibaba Stock Gained 16% Last Month

Why Alibaba Stock Gained 16% Last Month Shares of Alibaba (NYSE:BABA) surged last month as the company rode a broader wave in Chinese stocks on signs that China's economy was recovering as the U.S. fell victim to a resurgence in coronavirus cases. A call from China's state-owned media also helped push Chinese stocks higher. According to data from S&P Global Market Intelligence, Alibaba, China's biggest e-commerce platform, finished July up 16%. To get more Alibaba news, you can visit shine news official website. The Chinese stock market jumped after a July 6 front-page editorial in a state-owned newspaper said that "a healthy bull market" was crucial for the country's recovery from the coronavirus, which seemed to drive retail investors to buy Chinese stocks. The news lifted the Shanghai Composite by 5.7%, and Alibaba by 7.3%. The tech giant followed that up with another 7% gain on July 8. Though there was no specific news out on the company, Alibaba is well positioned to thrive during the pandemic as the company operates China's largest e-commerce marketplace as well as a fast-growing cloud-computing business. Still, while U.S. e-commerce stocks have boomed this year, investors have largely overlooked Alibaba, which generates billions in profits and trades at a very reasonable P/E ratio of just 30 based on this year's expected earnings. Later in the month, plans emerged for the company to take Ant Financial public. That Alibaba fintech subsidary, which owns Alipay, could reap $30 billion in an IPO in Asia and hit a $200 billion valuation.Alibaba will report quarterly earnings later this month. Analysts are expecting a strong recovery as Chinese economic data has shown the economy bouncing back from lockdowns in the first quarter, and earnings reports from U.S. companies like Apple and Tesla have topped expectations thanks to robust Chinese consumer demand, a bullish signal for Alibaba's quarter. Analysts expect Alibaba's revenue to jump 45.8% in the quarter to $21.1 billion, and for earnings per share to increase from $1.77 to $1.97. Considering the broader momentum in e-commerce shares, a strong report could spark another surge in the stock.