Search Results for: Russian
Cyber wars and all that
May 3rd, 2019
Behind the Huawei story, we must not forget there is a wider financial war being waged by America against China and Russia. Stories about China’s banks being short of dollars are incorrect: the shortage is of inward capital ...
Wrong handling of user data may cost up to $5B for Facebook
April 25th, 2019
Facebook said Wednesday it expects to shell out between $3 billion and $5 billion to settle the FTC’s ongoing investigation into its handling of user data, foreshadowing a potentially massive penalty from the nation’s top consumer protection agency. The ...
As US piles on sanctions, foreign investors pour more money into Russia
February 14th, 2019
Russian companies’ stocks attracted the most foreign investment in 5 years, adding nearly $576 million in January, the Central Bank of Russia reported. Investors also actively poured money into Russian bonds despite US sanctions. The ruble-based Moscow stock exchange ...
HSBC settles $250 billion on blockchain
January 16th, 2019
According to a press release sent by HSBC Bank to the Financial Times and published in the newspaper on 15th of January, it settles $250 billion of Forex trades on the blockchain during 2018. HSBC, an international banking giant, uses ...
The Tragedy Of The Euro
January 11th, 2019
After two decades, the euro’s minders look set to drive the Eurozone into deep trouble. December was the last month of the ECB’s monthly purchases of government debt. A softening global economy will increase government deficits unexpectedly. The ...
Moscow Exchange expects record euro vs rouble trading
December 19th, 2018
The Moscow Exchange expects a significant increase in trading between the currency pairs euro versus rouble and yuan versus rouble this year, amid a “de-dollarisation” policy, the head of the Moscow Exchange said on Tuesday. With the threat of ...
Oil prices jumped by more than 5 percent on Monday
December 3rd, 2018
Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this week of the producer club OPEC that is ...
European stocks bounce back after global equity sell-off
November 22nd, 2018
European stocks closed higher Wednesday, clawing their way back from sharp losses sustained in the previous session. The pan-European Stoxx 600 finished provisionally up 1.2 percent during the day’s deals, with all sectors and major bourses in positive territory. ...
Emerging currencies and shares gain after U.S. midterm results
November 8th, 2018
Emerging stock and currency markets inched higher on Wednesday as investors took a positive view of U.S. midterm elections that gave Democrats the ability to thwart President Donald Trump but left Republicans firmly in charge of the Senate. A ...
Stocks in Asia retreated at the start of the week; Key financial events coming up this week
November 5th, 2018
Stocks in Asia retreated at the start of the week after optimism over a potential U.S.-China trade deal ebbed in recent days. The yuan dropped, drawing little help from Chinese President Xi Jinping’s pledges to ease trade barriers. Shares ...
