Search Results for: SAFE
Asian stocks hold gains after China data in volatile trade
September 8th, 2015
Asian stocks edged higher on Tuesday after a six-day losing streak and the dollar firmed against the safe-haven Japanese yen, but gains were capped as a slump in China’s imports raised fears of a more severe slowdown there. China’s ...
Barclays has two blockchain ‘labs’ in London and is planning 45 experiments with the technology
September 7th, 2015
Like pretty much every other major bank at the moment, Barclays is very interested in the potential of the blockchain, the technology that underpins bitcoin. The Sunday Times reported this week that Barclays is planning to let charities accept bitcoin later ...
UBS Diverts $5 Billion of Asia Deposits to Curb Basel III Costs
September 4th, 2015
UBS Group AG has shifted more than $5 billion of riskier Asia-Pacific deposits into alternative cash investments as new rules raise the cost of holding them. The world’s largest manager of millionaires’ money has helped some clients such as ...
History of Bitcoin: The journey of a virtual currency
September 3rd, 2015
The biggest thing to hit the global market since the invention of currency is the word “Bitcoin”. What started merely as an alternate electronic payment system soon became the seventh wonder of modern economy. But while most of us ...
IMF Note on Global Prospects and Policy Challenges
September 3rd, 2015
The Following executive summary is from a note by the Staff of the IMF prepared for the September 4-5, 2015 G-20 Finance Ministers and Central Bank Governors Meeting in Ankara, Turkey. Global growth remains moderate, reflecting a further slowdown ...
The Current Global Financial Crisis
September 3rd, 2015
During the last month global markets has been roiled by the financial crisis that emanated from China, but propagated to other parts of the world. To put things into perspective, during the month of August more than $5 trillion ...
China tightens trading rules on forex, stock markets
September 3rd, 2015
China has announced tougher rules on trading stock index futures and foreign exchange derivatives as it seeks to steady jittery markets whose weakness has raised concern over the health of the world’s second-largest economy. Facing slowing economic growth and ...
Gold forecast to drop to $800 an ounce in 2016
September 3rd, 2015
As investors are turning cold towards gold, prices are headed for significant declines, according to a bank The overall sentiment towards the yellow metal will turn increasingly bearish next year and the prices are likely to hit below $1,000 ...
China central bank sets reserve requirements for all FX derivatives
September 2nd, 2015
China’s central bank will require reserves to be set aside for purchases of all currency derivatives from October, according to a document seen by Reuters, as Beijing moves to make it more expensive to bet on further depreciation of ...
BitPay calls on industry to form ‘Bitcoin Association’
September 2nd, 2015
BitPay, the leading processor of Bitcoin payments, said it’s about time the biggest companies in the space began working together, and even suggested the formation of a “Bitcoin Association” to help promote the currency. Sonny Singh, chief commercial officer ...
