Search Results for: currency market
Forex traders must repay retired teacher for the money she lost
September 19th, 2016
If someone approaches you to invest your money in the foreign-exchange (forex) market, be immediately on your guard. Foreign-exchange investments are extremely risky and there is a high probability of losing all your capital. This is what happened to ...
Sydney Stock Exchange Confirms Public Blockchain Platform for Instant Settlements
September 16th, 2016
The Sydney Stock Exchange (SSX) has confirmed its project to build a public blockchain platform that will drastically reduce settlement times of trades and equities. The Sydney Stock Exchange is pressing ahead with a new blockchain settlement system that ...
Swiss National Bank leaves expansionary monetary policy unchanged
September 15th, 2016
The Swiss National Bank (SNB) is maintaining its expansionary monetary policy. Interest on sight deposits at the SNB is to remain at –0.75% and the target range for the three-month Libor is unchanged at between –1.25% and –0.25%. At ...
The British Pound strengthens; Asian Shares continue the fall; Yen Gains; Kiwi weakens; Oil below $44
September 15th, 2016
Pound edges higher ahead of BOE policy meeting; kiwi weakens Hong Kong stocks advance, led by gains in Macau casinos A global equities selloff extended into Asian trading and European stock index futures fell after a slide in oil ...
The impoverishment of the masses
September 14th, 2016
Feudal and mercantilist economic systems were characterised by the lower orders of ordinary people being enslaved by, or subjected to, the commands of an elite. Beyond basic subsistence, serfs and slaves were not enabled to consume other goods, nor ...
PBOC Boosts Weekly Injections as Yuan Climbs Amid Stability Bets
September 14th, 2016
Yuan interbank rates in Hong Kong surge before China holidays Monetary authority pumps in $57.7 billion, most since April China’s central bank boosted its cash injections to a five-month high, fueling speculation that it is looking to steady the ...
Here’s How Europe Implodes, Part 1: Italian Junk Bonds And The End Of Austerity
September 12th, 2016
The “whatever it takes” economy is progressing nicely around the world, with governments and central banks doing things that no 20th century economist would have viewed as possible, let alone wise. Now the question becomes, where does this ...
Asia stocks, bonds suffer central bank anxiety attack
September 12th, 2016
Asian shares suffered their sharpest setback since June on Monday as investors were rattled by rising bond yields and talk the Federal Reserve might be serious about lifting U.S. interest rates as early as next week. European bourses were ...
IMF tranche will allow more Ukraine FX liberalisation
September 9th, 2016
The expected release of an IMF loan tranche next week will allow Ukraine to continue liberalising its foreign exchange regime, including dividend repatriation by investors, the chief economic adviser to the prime minister said on Friday. Kiev will hear ...
Deloitte announces record global revenue of $36.8bn
September 8th, 2016
Deloitte has reported aggregate network revenue of $36.8bn for the fiscal year ended 31 May 2016, representing 9.5% growth in local currency terms. Risk advisory grew the most at 22.5%, driven by high demand for cyber and regulatory services, ...
