Search Results for: US Dollar
Why All Exchange Rates Are Bad
March 2nd, 2017
The economics of exchange rates can be tough sledding. Every now and then, I post on the bulletin board beside my office a quotation from Kenneth Kasa back in 1995: “If you asked a random sample of economists to ...
Bitcoin climbs to a fresh record high
March 2nd, 2017
Bitcoin is in record territory once again. An aggressive bid has the cryptocurrency up 2.1% at $1,204.43 per coin as traders continue to pile in ahead of the upcoming Securities and Exchange Commission ruling on whether or not it ...
Global diamond market sees moderate growth
February 24th, 2017
The global diamond industry performed moderately well in 2015, led by diamond jewellery retail sales, which grew 3 per cent at constant exchange rates, a report said. However, currency depreciation, as well as slower demand in China, contributed to ...
FTSE 100 dips as RBS shares fall
February 24th, 2017
London’s stock market opened slightly lower as investors digested another raft of company results. Shortly after trading began, the benchmark FTSE 100 index was down 5.87 points at 7,265.50. Shares in Royal Bank of Scotland fell 2.2% after the ...
Citibank N.A. settles for being part of forex trading cartel
February 21st, 2017
Today, the Competition Commission has filed with the Competition Tribunal a settlement agreement reached with Citibank N.A. for being part of the forex trading cartel. The Commission found that from at least 2007, Citibank N.A. and its competitors had ...
HKEX to Introduce its First RMB Currency Options on 20 March
February 16th, 2017
Hong Kong Exchanges and Clearing Limited (HKEX) will introduce its planned Renminbi (RMB) Currency Options on Monday, 20 March 2017. The US dollar-Offshore RMB (USD/CNH) Options will be the first currency options traded at HKEX. The eight contract months ...
All EU Member States’ economies set to grow in 2016, 2017 and 2018, EC forecast
February 15th, 2017
For the first time in almost a decade, the economies of all EU Member States are expected to grow for three consecutive years (2016-2018) according to the European Commission’s Winter Forecast published today. The UK economy is forecast to ...
Credit Suisse Group announces 4Q16 and FY16 results
February 14th, 2017
Credit Suisse announces fourth-quarter and full-year 2016 results with strong asset inflows and increased margins, highlighting the strength, diversification and scale of the Wealth Management platform. Rightsizing of GM is substantially completed with good momentum in 4Q16 and strong ...
University of Luxembourg: Researchers develop Zcash cryptocurrency
February 13th, 2017
Scientists at the Interdisciplinary Centre for Security, Reliability and Trust (SnT) of the University of Luxembourg have developed an important mathematical algorithm called “Equihash”. Equihash is a core component for the new cryptocurrency Zcash, which offers more privacy and ...
GAIN Capital Announces Monthly Metrics for January 2017
February 13th, 2017
GAIN Capital Holdings, Inc. (NYSE: GCAP) (“GAIN” or “the Company”) reported certain operating metrics for the month of January 2017. Retail Segment Metrics OTC average daily volume1 of $9.5 billion, an increase of 11.0% from December 2016 and a ...
