Search Results for: Global Markets
Asian stocks fell after surging to the highest level in almost 10 years
August 3rd, 2017
Asian stocks fell after surging to the highest level in almost 10 years, with investors assessing the strength of company earnings before American labor-market data provides the latest clues on the health of global growth. South Korean shares dropped ...
Mobile Money Revolution In Africa
August 2nd, 2017
These Global Payments Players Are Attempting To Move In On Mobile Money Revolution In Africa Africa is home to several mobile payment platforms and services like M-Pesa, yuCash, Orange Money, eTranzact and EcoCash, among several others, which have been ...
U.S. oil prices open above $50 for first time since May
August 1st, 2017
U.S. oil opened above $50 per barrel for the first time since late May on Tuesday, supported by strong fuel demand, but ongoing high supplies from producer club OPEC kept prices from rising further. U.S. West Texas Intermediate (WTI) ...
Euro’s rally might receive a further boost
August 1st, 2017
A snowball effect: Euro to strengthen against Pound Sterling as Eurozone investors are forced to hedge against an unexpected strengthening of their currency. Analysts at BNP Paribas have warned their clients that the Euro’s rally might receive a further ...
Yen rose while Australian dollar fell; Key events coming this week
July 31st, 2017
Asian raw-material producers advanced after a surge in commodity prices bolstered optimism the global economy can gather momentum. Oil extended last week’s strongest rally this year. BHP Billiton Ltd., Rio Tinto Ltd. and Nippon Steel & Sumitomo Metal Corp. ...
Why economists cannot forecast recessions
July 28th, 2017
The purpose of this article is to draw the widest attention to the chronic inability of the economic establishment to forecast recessions. Next time you hear an economist make a prediction on mainstream media, your default assumption should ...
China says will persist with crackdown on forex irregularities
July 28th, 2017
China will maintain a crack down on forex irregularities to ensure stability in the currency market and the broader economy, the country’s forex regulator said on Friday, in a sign Beijing will continue to keep a tight leash on ...
Thomson Reuters Strengthens Buy-Side Trading Workflow Offering
July 26th, 2017
Thomson Reuters combines Eikon’s unique content and functionality, Elektron market data and Autex liquidity and connectivity with REDI’s award winning EMS capabilities to deliver a powerful workflow solution to the buy-side. Thomson Reuters has completed a key milestone in ...
“Time to Sell” Pound Sterling v Dollar and Euro say BofAML Exchange Rate Strategists
July 26th, 2017
It’s “time to sell GBP” says Athanasios Vamvakidis, a foreign exchange strategist with Bank of America Merrill Lynch Global Research in a note to clients released ahead of the new week. The call by Vamvakidis comes as momentum against ...
Yen advanced, Euro and Australian dollar rose
July 25th, 2017
Asian equities were mixed ahead of the U.S. Federal Reserve’s policy decision and as investors sifted through earnings from companies including Alphabet Inc. Oil rose while the dollar resumed declines. The MSCI Asia Pacific Index fluctuated near a 10-year ...
