Search Results for: interest rates
Why Latin American economies are turning to bitcoin
March 17th, 2016
The economic prospects for Latin America in 2016 are grim. With political instability in some of the region’s largest economies, as well as a general slump in prices in oil and other commodities, businesses and consumers are facing a depression and, in the ...
China Drafts Rules for Tobin Tax on Currency Transactions
March 15th, 2016
Initial rate of levy may be kept at zero, people familiar said The rules still need central government approval, they said China’s central bank has drafted rules for a tax on foreign-exchange transactions that would help curb currency speculation, according ...
Hungary set to cut lending rate to boost inflation
March 11th, 2016
Hungary’s central bank is set to lower its main lending rate and adjust its overnight rates to try to rekindle inflation, one of the central European country’s top central bankers said on Thursday. Adjusting the overnight rates would come ...
Fintech funding hits all-time high in 2015, despite pullback in Q4: KPMG and CB Insights
March 11th, 2016
KPMG and CB Insights release their inaugural quarterly fintech venture capital (VC) report, highlighting a record year for venture-backed fintech startups in 2015, but waning investor appetite to close out the year. While 2015 marked a banner year for ...
Tom Hayes Denied Latest Bid to Appeal Libor Conviction
March 9th, 2016
An appeals court on Tuesday denied a request by Tom Hayes, a former trader at Citigroup and UBS, to ask Britain’s highest court to review his conviction in August for conspiring to manipulate a global benchmark interest rate known as Libor. Mr. Hayes, ...
CBOE and Bloomberg Expand Connectivity to CBOE’s PULSe Trader Workstation
March 8th, 2016
Chicago Board Options Exchange® (CBOE®) announced today that it has joined with Bloomberg to establish direct connectivity between CBOE’s PULSe trader workstation® (PULSe) and Bloomberg’s Execution Management System (EMSX), which can be accessed through the Bloomberg Professional service. The linkage between CBOE and ...
Swiss National Bank published the Annual results for 2015
March 7th, 2016
The Swiss National Bank (SNB) is reporting a loss of CHF 23.3 billion for the year 2015 (2014: profit of CHF 38.3 billion). The loss on foreign currency positions amounted to CHF 19.9 billion. A valuation loss of CHF ...
The First Bitcoin Mining Fund has been launched
March 7th, 2016
Genesis Mining, which provides computer equipment to create bitcoins in the cloud, has launched the world’s first fund that invests in hardware used to create the digital currency, according to Reuters. The company said it registered the fund, called the ...
Yuan Breaks Four-Day Advance as Leaders Shy Away From Specifics
March 7th, 2016
Traders ignore PBOC fixing set at highest in two months Nation to orderly realize convertibility by 2020: plan The yuan snapped a four-day run of gains as China’s leaders refrained from announcing specific support measures at their biggest gathering ...
Interactive Brokers Group Reports Brokerage Metrics for February 2016
March 2nd, 2016
Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) an automated global electronic broker and market maker, reported its Electronic Brokerage monthly performance metrics for February. Highlights for the month included: 767 thousand Daily Average Revenue Trades (DARTs), 21% higher than ...
