Search Results for: assets
Oil Falls to Two-Week Low as U.S. Supply Gain Seen, Dollar Rises
August 31st, 2016
Crude stockpiles climbed 1.3 million barrels: Bloomberg survey Commodities drop, dollar rises to one-month high versus peers Oil dropped to a two-week low before a government report that’s projected to show U.S. crude stockpiles increased, while a strengthening dollar ...
Hanjin Shipping Trading Halted After Plunge to Six-Year Low
August 30th, 2016
Creditors decided not to provide fresh loans, Yonhap reports Shipping lines worldwide have posted losses amid slowing trade Hanjin Shipping Co. shares were suspended from trading after plunging to the lowest price since 2009 following a Yonhap News Agency ...
Emerging Currencies Rebound With Shares After U.S. Stocks Rally
August 30th, 2016
Overseas funds net buyers in South Korea, Taiwan and Thailand Concerns of higher U.S. rates are fading, according to KTB Emerging-market stocks rose, heading for their biggest gain in more than a week, as an overnight rally in U.S. ...
New digital currency Monero spikes after giving criminals more secrecy
August 30th, 2016
Forget Bitcoin. There’s a new digital currency that is surging as online drug-dealers begin adopting it to conduct business with more anonymity. The two-year-old currency Monero has more than quadrupled this month after gaining support from prominent websites that ...
Cyber threat grows for bitcoin exchanges
August 29th, 2016
When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency. The cyber theft — the second largest by an exchange since hackers took ...
Dollar rockets to two-week high versus yen as Fed officials signal rate hikes
August 29th, 2016
The dollar rose Monday to its strongest level against the yen in three weeks after several top Federal Reserve officials hinted that the central bank would raise interest rates at least once by the end of 2016. The greenback ...
HMRC sets rules for Worldwide Disclosure Facility on unreported offshore accounts
August 29th, 2016
The WDF will launch on 5 September 2016 and will be available to anyone who is disclosing a UK tax liability that relates wholly or in part to an offshore issue. This includes: income arising from a source outside ...
Asia markets mostly down; Nikkei sells off following disappointing inflation data
August 29th, 2016
Asia markets closed mostly lower on Friday, with Japanese stocks selling off more than 1 percent after soft inflation data prompted concerns over the effectiveness of government stimulus. The benchmark Nikkei 225 closed down 195.24 points, or 1.18 percent, at 16,360.71. Across the ...
Baidu Freezes Bitcoin related promotions
August 29th, 2016
China’s leading search engine Baidu has halted—sans any warning—all bitcoin and digital currency-related advertising on its network. Chinese media outlet CnLedger broke the news on Friday, with a tweet that said Baidu “has stopped all virtual coin related keyword advertising (paid search), including bitcoin.” Local bitcoin exchanges ...
Investors are pushing into Emerging-market stocks; 20% rise over the past six months
August 29th, 2016
China’s economy is inexorably slowing. Turkey’s sprawling post-coup purge continues apace. Western sanctions against Russia will remain in force for as long as Moscow keeps meddling in Ukraine. Brazil’s brief Olympic distraction is over, so it’s back to the business of dealing with acrippling recession and wrenching ...
