Search Results for: dollar
The world’s second-largest cryptocurrency Ether plunges more than bitcoin
September 7th, 2018
Ether was the star cryptocurrency last year, way outperforming its predecessor bitcoin. But 2018 has been a different story. The world’s second-largest digital asset is down 76 percent this year and can’t seem to catch a break. Investor patience ...
Dutch bank ING fined 775 million euros in money laundering case
September 7th, 2018
Dutch bank ING has paid 775 million euros ($897 million) to settle a huge money laundering case in the Netherlands, prosecutors said Tuesday. The country’s financial prosecution service said in a statement that ING for years failed to adequately ...
Gold And Silver Are Acting Like It’s 2008. They May Be Right
September 6th, 2018
2008 has special significance for gold bugs, both because of the money they lost in August of year and the money they made in the half-decade that followed. Today’s world is beginning to feel eerily similar. Let’s start with ...
Sterling falls as Brexit headlines sap demand
September 4th, 2018
Sterling fell on Monday as the latest Brexit headlines sapped investor sentiment, after the British currency gained to its highest in nearly a month last week. Prime Minister Theresa May’s Brexit strategy means disaster for Britain, former foreign secretary ...
More Emerging Market Chaos – How Long Before It Spreads To The Developed World?
August 31st, 2018
Emerging market chaos is now front page news. Let’s start with Argentina, where the peso has resumed its plunge: In response: “Argentina Central Bank hikes interest rate to 60 percent (AP) — Argentina’s Central Bank has increased its ...
BNP Paribas ordered to pay $90 Million penalty; The reason?
August 31st, 2018
The Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against BNP Paribas Securities Corp. (BNP Paribas or the Bank) for attempted manipulation of the ISDAFIX benchmark and requiring BNP Paribas to pay a $90 million ...
Former FIFA official jailed in bribery scandal
August 30th, 2018
The Former FIFA official jailed for nine years after he was convicted last year of racketeering and other charges related to a corruption scandal. Juan Angel Napout, from Paraguay, the former head of South America’s footballing body, was sentenced ...
Global economy is facing a ‘perfect storm’, warns BIS chief
August 29th, 2018
The problem with the current US policy of using tariffs to pursue trade and economic strategies is that they are such a crude tool to use within such a complex, sophisticated and global ecosystem. The Bank of International Settlements’ ...
Is Tunisia the next emerging market to implode?
August 28th, 2018
Seems like every few days a new developing country discovers that it can’t pay back the dollars and/or euros it borrowed back when “external foreign currency debt” seemed like a good thing. Next up: Tunisia, apparently. From today’s ...
Enormous refund ordered to USA retail investors for being misled
August 28th, 2018
The Securities and Exchange Commission (SEC) announced charges against four Transamerica entities for misconduct involving faulty investment models and ordered the entities to refund $97 million to misled retail investors. According to the SEC’s order, investors put billions of ...
