Search Results for: UBS
FSB: crypto-assets do not pose a material risk to global financial stability at this time
July 18th, 2018
The Financial Stability Board, an international body that monitors and makes recommendations about the global financial system, published a report delivered to the G20 Finance Ministers and Central Bank Governors on the work of the FSB and standard-setting bodies ...
Trump’s Whirlwind European Tour
July 18th, 2018
President Trump visited Britain on a much-anticipated visit. The political situation in Washington is very different from when Mrs May last visited. In Washington, President Trump appears to have successfully gained control of and tamed the Deep State, while ...
Asian stocks advanced, oil price declined, gold traded around the lowest in a year
July 18th, 2018
Asian stocks advanced after an upbeat assessment on the U.S. economy from Federal Reserve Chairman Jerome Powell comforted investors wary of a blowout in protectionism. Equities climbed from Tokyo to Sydney and U.S. futures edged up after the Nasdaq ...
Visualizing the world’s largest importers in 2017
July 16th, 2018
For most world leaders and corporate executives, the swing of the global pendulum to more protectionist policies has been an unpleasant surprise. That’s because the consensus view from both economists and economic historians has been that measures like the ...
Bitcoin is down 66%. But it still may be the future of money
July 11th, 2018
The price of one bitcoin (XBT) is now hovering around $6,400. That’s a more than 50% drop in 2018 and a 66% plunge from the all-time high of just under $20,000 that bitcoin hit in late December. Other cryptocurrencies, ...
Credit Suisse to pay millions in dollars to settle criminal penalty and charges
July 9th, 2018
The Securities and Exchange Commission announced that Credit Suisse Group AG will pay approximately $30 million to resolve SEC charges that it obtained investment banking business in the Asia-Pacific region by corruptly influencing foreign officials in violation of Foreign ...
Initial Coin Offerings: A total of $13.7 billion USD raised the first five months of 2018; Report
July 5th, 2018
The Crypto Valley Association has teamed up again with Strategy&, the strategy and consulting division of CVA member PwC, to launch the June 2018 edition of their quarterly reports on the global Initial Coin Offering (ICO) market. The report, ...
Business investment rate up to 23.1% in the euro area
July 5th, 2018
In the first quarter of 2018, the business investment rate was 23.1% in the euro area, compared with 22.9% in the previous quarter. The business profit share in the euro area was 40.6% in the first quarter of 2018, ...
Irrational Beliefs Are Ruling Markets
July 4th, 2018
To understand the consequences of the credit cycle, we must dismiss pure opinion, and examine the evidence rationally. This article assesses the fate of the dollar on the next credit crisis, a subject of increasing topicality. It concludes ...
Dollar rally fizzles on euro bounce; German inflation in focus
June 29th, 2018
The dollar turned lower on Thursday, giving up early gains as rising inflation in some German regions prompted some traders to buy the euro, though rebalancing flows for the half year checked sharp losses. With concerns about trade dominating ...
