Search Results for: currency market
G-20 Wants Governments Doing More, and Central Banks Less
February 29th, 2016
Fiscal pledges lack specifics, risking market disappointment Concern voiced over currency wars after BOJ rate surprise Finance chiefs from the world’s top economies committed their governments to doing more to boost global growth amid mounting concerns over the potency ...
China shares tumble; Nikkei gives up gains to close down 1%
February 29th, 2016
Markets in China, Japan, and Hong Kong tumbled Monday, with renewed concerns over China’s economic fundamentals and the deluge of economic data due this week dragging stocks. Vishnu Varathan, senior economist at Mizuho Bank, wrote in a morning note ...
Brexit could wipe 20% off sterling: HSBC
February 25th, 2016
Separating from the European Union could trigger a 20 percent drop in sterling and shave 1.5 percentage points off the British economy, HSBC has warned. The doom-laden report released Wednesday outlined the worst-case scenario if voters were to approve a ...
Last Wave on Libor: CFTC Likely to Charge Multiple Banks for Rate Rigging
February 16th, 2016
Citigroup, HSBC are among firms targeted by regulators, according to people close to the probe American banks have so far escaped the billions of dollars in fines that have been levied by U.S. and British regulators leading a global ...
Dollar on track for steep weekly losses
February 12th, 2016
The dollar nursed losses on Friday that have put it on course for steep weekly drops against major currencies, with many investors favouring the perceived safe-haven appeal of the yen amid sinking global markets. Japanese markets were closed for a ...
Why We Won’t Have a “Lehman Moment” in the 2016 Crash
February 5th, 2016
What the central banks cannot do is create productive places to invest the credit they’ve generated in such excess, or force qualified borrowers to swallow more unproductive debt. One way to lose a war is to focus on preparing ...
Why Bitcoin Isn’t Dead
January 28th, 2016
Milo Yiannopoulos, the technology editor for Breitbart.com, a global news site for independent and conservative-leaning thinkers, admits he first believed the recent media coverage that bitcoin was dead due to Mike Hearn’s declaration that such was the case. But ...
FTSE 100 claws back its early losses
January 26th, 2016
London shares clawed back early losses on Tuesday as oil prices rose back above $30 a barrel. At midday, the FTSE 100 index was down 29.5 points, or 0.50%, at 5,847.5, having earlier been down as much as 100 points. Brent ...
Deutsche Bank to Face British Lawsuit Over High-Speed Trading
January 19th, 2016
Deutsche Bank, already troubled by lawsuits and official investigations, faces another challenge. A group of lawyers said on Monday that they planned to sue the company in British court, accusing the bank of using high-speed trading software to profit in foreign ...
Falling oil prices: How are countries being affected?
January 19th, 2016
Oil prices have fallen to their lowest level since 2003, sinking below $28 a barrel before recovering slightly on Monday. Analysts say the drop has been driven by oversupply, coupled with a fall in demand because of a slowdown ...
