Search Results for: World Bank
BlackRock’s Top Economist Thinks Bitcoin and Ethereum Look Like a Bubble
July 12th, 2017
BlackRock, the $5 trillion asset manager, has not traditionally paid much attention to cryptocurrency platforms such as Bitcoin and Ethereum. Now that the prices of those blockchain-based currencies have risen exponentially in recent months, however, even BlackRock’s top economists ...
The U.S. dollar weakened on Trump Jr. Emails; Yen, Korean won lead currency gains
July 12th, 2017
The U.S. dollar weakened against its G-10 peers and European equity futures rose as attention turned to central bank policy after markets were rattled by reports of Donald Trump Jr.’s contact with a Russian lawyer. U.S. equity futures were ...
Mt Gox CEO On Trial In Japan As Bitcoin Gains Traction
July 11th, 2017
A Tokyo court began hearings Tuesday into charges that the head of the failed Japan-based bitcoin exchange Mt. Gox accessed its computer system and inflated his account by $1 million. French-born Mark Karpeles was whisked into the Tokyo District ...
Why free trade and open markets in financial services matter; Andrew Bailey, FCA Chief Executive
July 11th, 2017
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has released a speech by Andrew Bailey, Chief Executive of the FCA, at Reuters Newsmaker event. According the release: Note: this ...
Cosco Shipping to acquire Orient Overseas for $6.3bn
July 10th, 2017
Cosco Shipping Holdings Ltd agreed to buy Orient Overseas International Ltd for $6.3bn in cash, creating the world’s third-largest container-shipping company as the industry shrinks after years of losses and overcapacity. Cosco, China’s biggest container carrier, will pay shareholders ...
Italy formally takes control of Monte dei Paschi
July 5th, 2017
The Italian government took control of Banca Monte dei Paschi di Siena on Tuesday, injecting EUR5.4 billion ($6.1 billion) into the troubled lender as part of a broad plan to bring one of Europe’s weakest banks back to health. ...
HSBC Predict Pound to Euro Exchange Rate at 1:1
July 4th, 2017
HSBC Predict Pound to Euro Exchange Rate at 1:1, say Bank of England Rate Rise Would Actually be Bad for Sterling Markets have got it all wrong – a Bank of England interest rate rise will not in fact ...
Asian stocks held two-years highs on Monday
July 3rd, 2017
Asian stocks start new month on firm footing, bonds under pressure Asian stocks held two-years highs on Monday, starting the new month on a solid footing after two quarters of gains while expectations of credit tightening by the world’s ...
Global Law Firm Baker McKenzie Announces 80 Partnership Promotions
June 29th, 2017
Leading global law firm Baker McKenzie is pleased to announce the election of 80 new partners. This latest investment in the Firm’s expertise grows the total number of partners worldwide to nearly 1,600. Over 400 of these are women ...
Crude oil rose to its highest since June 19
June 29th, 2017
Crude oil rose for a sixth straight session on Thursday to its highest since June 19 on a decline in U.S. output, but ongoing worries about global oversupply continued to drag. U.S. West Texas Intermediate (WTI) crude CLc1 had ...
