Search Results for: US Dollar
New bitcoin rival promises anonymity for online purchases
November 2nd, 2016
A new cryptocurrency launched late last week, claiming to allow users to make online purchases anonymously and sparking controversy and a negative reaction from the authorities. Zcash launched last Friday and is currently worth $498 dollars per coin, in ...
Asia Stocks Drop With Mexican Peso as Election Angst Boosts Gold
November 2nd, 2016
Havens buoyed after poll shows Trump edging ahead of Clinton Kiwi climbs after jobs data damps outlook for more rate cuts A global equities selloff deepened in Asian trading and Mexico’s peso weakened as polls indicated a tightening race ...
Thomson Reuters Reports Third-Quarter 2016 Results; Revenues were essentially unchanged
November 1st, 2016
Thomson Reuters (TSX / NYSE: TRI) today reported results for the third quarter ended September 30, 2016. “It is encouraging to see our continued progress flow through in the third-quarter numbers,” said Jim Smith, president and chief executive officer ...
The price of bitcoin has risen by 19% in October
November 1st, 2016
In a year of monster hackers, the rise of new cryptocurrencies, and its own unresolved “civil war” over how to enlarge its transaction capacity, bitcoin has not only survived, but thrived. The price of bitcoin has risen by 19% ...
IT spending in Indian financial services to hit $7.8 billion in 2017 – Gartner
October 31st, 2016
IT spending by banking and securities firms in India will reach $7.8 billion dollars in 2017, an increase of 8.6 percent from 2016, according to Gartner, Inc. This forecast provides total enterprise IT spending for internal spending and spending ...
New York’s bitcoin hub dreams fade with licensing backlog
October 31st, 2016
New York’s financial regulator had sights set on becoming a global hub for innovations like bitcoin when it adopted trailblazing virtual currency rules last year. But the state lost that momentum when the agency’s chief left, putting a licensing ...
Market Volatility Has Currency Traders Abandoning a Tool to Stop Losses
October 30th, 2016
Some currency investors, worried that events such as the pound’s recent collapse could become more common, are abandoning an automated trading mechanism that was supposed to protect them from losses after big market swings. The trading mechanism, known as ...
Brexit: Nissan will bring production of its X-Trail vehicle to the U.K; 7,000 jobs are safe
October 29th, 2016
Nissan was a vocal opponent of Brexit and warned that the U.K.’s split from Europe could hurt the economy. That was then. Now Nissan is recommitting itself to Britain. The Japanese automaker, which operates the largest auto factory in ...
What Else Can Central Banks Do?
October 28th, 2016
Central banks all over the world took dramatic actions during the Great Recession and its aftermath. For example, the US Federal Reserve took the “federal funds” interest rate down to near-zero in December 2008 and left it there until ...
This is the darkest hour in global currency market that haunts currency traders
October 27th, 2016
In the global currency market, the darkest hour comes just as dawn is breaking in Asia and traders in Sydney are sipping their first flat white. Between the New York close and the start of trading in Tokyo, foreign-exchange ...
