Search Results for: Global banks
Dollar Slips After Trump Move, Asia Stocks Decline: Markets Wrap
January 30th, 2017
Yen gains with gold; many Asia markets shut for Lunar New Year Global criticism of Trump’s ban is building across globe The dollar declined with Asian stocks as traders digested the tensions sparked by Donald Trump’s order halting some ...
Demand Soars for Colored Diamonds
January 28th, 2017
Last spring, Mahyar Makhzani, a Geneva-based fund manager, placed a 4.08-carat pear-shaped gem against special ultrawhite paper and peered at it through his eyeglass. He liked what he saw. Several days later, after 10 minutes of negotiation on the ...
Yen Extends Slump on BOJ Move, Asian Stocks Advance: Market Wrap
January 27th, 2017
Mexican peso slides for second day, gold’s decline contines Greenback still set for monthly drop despite recent gains The yen extended its biggest decline in a week and Japanese bonds rose as the nation’s central bank stepped in to ...
What’s next for blockchain and cryptocurrency
January 24th, 2017
In May of 2010, someone on a Bitcoin forum by the name of Lazlo claimed to have bought two pizzas for 10,000 bitcoins. It was the first time anyone had purchased anything with the new digital currency, which at ...
Gold – a primer for 2017
January 22nd, 2017
You know when to buy gold: it’s when nearly every trader and commentator tells you that gold is going lower and you should sell it. This is Harry Dent on 10th January: “I still see gold landing somewhere between ...
The Path to $10,000 Bitcoin
January 16th, 2017
So let’s imagine a scenario in which tens of trillions of at-risk wealth suddenly seek an alternative–any alternative to staying in an asset class that’s circling the drain. As my colleague Davefairtex observed recently, the paint isn’t quite dry ...
Three traders were charged with conspiring in forex rigging probe
January 11th, 2017
The U.S. Justice Department on Tuesday brought charges against three former traders at JPMorgan Chase & Co, Citigroup Inc and Barclays Plc arising from a global probe into the manipulation of foreign exchange rates at major banks. Richard Usher, ...
Inflation to Hurt UK Consumers in 2017?
January 9th, 2017
Ever since the onset of the financial crisis nearly a decade ago, central banks have been struggling to revive inflationary pressures mostly through easy monetary policy. After all, rising prices can shore up demand and allow businesses to rake ...
SwapClear achieves record volumes in 2016
January 9th, 2017
5% increase in clearing volumes Over $665 trillion notional cleared, through 3.8 million interest rate derivative trades Over $384 trillion notional compressed 97 members and a record 510 clients are using compression services at LCH LCH, a leading global ...
China going cashless thanks to fintech boom
December 30th, 2016
Standing in line at a Starbucks in downtown Shenzhen, I suddenly realize that no one in front of me is paying with cash. They aren’t paying by credit card either. In fact, I can’t see a single customer holding a wallet or a ...
