Search Results for: India
Man arrested for an allegedly $300 million Forex Ponzi scheme scam
January 4th, 2017
The arrest of a man who allegedly peddled a $300 million (Dh1.1 billion) Ponzi scheme as a foreign currency trading programme has come as a ray of hope for residents, many of whom have lost their entire life’s savings ...
Dollar Retreats, While Stocks Advance With Crude: Markets Wrap
January 3rd, 2017
Most markets are trading for the first time in 2017 on Tuesday European equities climbed Monday on manufacturing strength Asian stocks advanced and crude oil climbed on the first full trading day of the New Year as a private ...
Drifting into fascism
December 30th, 2016
Most people regard governments and their central banks as forces for the good. Financial crises and suchlike are therefore blamed on capitalism, and people believe our leaders do their best to pick up the pieces from market failures, because ...
Euro Climbs Along With Oil as Japan Stocks Decline: Markets Wrap
December 30th, 2016
European currency spiked as much as 1.6% versus greenback Crude climbed after first daily decline in nine days The euro spiked higher as the dollar weakened for a second day and oil advanced in thin end-of-year trading. Japan’s Topix ...
Uganda Could Be 1st African Country To Regulate Digital Currencies
December 28th, 2016
Some African countries have openly criticized bitcoin use. Others have taken a wait-and-see approach. Bitcoin has enjoyed a rally in 2016 that’s beaten every major currency, stock index and commodity contract, surging 15 percent during Christmas week alone to more than $900, ...
Bitcoin best performer of 2016, outlook bullish for next year
December 27th, 2016
Sentiment very bullish for 2017; prices could touch all-time peak of $1,161 Bitcoin has emerged as the most remunerative asset in 2016. Analysts are bullish on the asset class which has surpassed almost all others. Even gold, which was ...
Value of bitcoins in circulation hits record high of $14bn
December 23rd, 2016
Price per coin at $875 as cryptocurrency’s value doubles in a year, with experts linking it to depreciation of Chinese yuan The total value of all bitcoins in circulation hit a record high above $14bn (£11bn) on Thursday, as ...
Bitcoin crushed every other currency in 2016. Here are five reasons why
December 20th, 2016
Bitcoin, that nebulous digital currency that trades in cyberspace and is “mined” by code-cracking computers, emerged as a better bet this year than every major currency, stock index and commodity contract. The electronic coin that trades – and is ...
Bitcoin soars to nearly three-year high in wake of China volatility
December 15th, 2016
Digital currency bitcoin on Tuesday surged to its highest in nearly three years as investors bought the asset in a supposedly safe-haven bid in the midst of volatility in the Chinese stock market. On Tuesday, bitcoin climbed as high ...
KPMG overcomes gloomy backdrop with 8% revenues jump
December 14th, 2016
Accountancy major KPMG International has booked a solid hike in full-year revenues despite what it described as a “challenging” business environment across Europe, the Middle East and Africa. Latest results revealed that global turnover topped $25.4 billion (£20bn) in ...
