Search Results for: economy
Oil drops over 2 pct as China slowdown weighs; market loses faith in rebound
January 11th, 2016
Crude oil prices fell over 2 percent on Monday as China’s economic slowdown dented the outlook for demand and traders are placing record bets on even lower prices as they increasingly lose faith in a significant market recovery. Global ...
Venezuelans Escape Currency Collapse with Bitcoin
January 11th, 2016
Cryptocurrency Users Double in One Year “Bitcoin adoption in Venezuela will explode any time now,” one early cryptocurrency adopter in the South American nation confidently predicts. Bitcoin experts argue that the worse an economy is, the more interest there ...
Meet 2016’s Worst Economic Performers Flirting With Disaster
January 11th, 2016
For the world’s worst-performing economies, no good will come from New Year’s resolutions to do better. For many, 2016 will only bring more disappointment, say economists surveyed by Bloomberg. Oil-rich Venezuela will contract by 3.3 percent this year, the ...
Shanghai drops 5%, Shenzhen down 6.5% in renewed sell-off
January 11th, 2016
Chinese markets extended an already rough start to the year Monday, losing further ground and other Asian markets came along for the ride lower. The Shanghai composite was down as much 5.22 percent in late-afternoon trade, while the Shenzhen Composite shed 6.5 percent. ...
Gold in 2016
January 8th, 2016
Advance signs of a global slump in economic activity emerged in 2015. Furthermore, the dollar’s strength, coupled with widening credit spreads confirms a global tendency for dollar-denominated debt to contract. These developments typically precede an economic and financial crisis ...
Asia markets close mixed as China shares turn higher
January 8th, 2016
Asian markets closed mixed Friday after swinging between gains and losses following early volatility in Chinese shares. The Shanghai Composite was up 2.17 percent after trading down as much as 1.89 percent and up as much as 3.32 percent shortly after ...
China’s Forex Reserves Fall by Record $107.9 Billion on Yuan Fears
January 8th, 2016
Foreign-exchange reserves drop to a nearly three-year low, contributing to the largest yearly decline ever China’s hoard of foreign-exchange reserves continued to shrink in December, recording the biggest monthly drop ever and falling overall to its lowest level in ...
Dow Tumbles Nearly 400 Points on China Worries
January 8th, 2016
Dow industrials, S&P 500 are off to their worst-ever starts to the year The Dow Jones Industrial Average fell nearly 400 points Thursday as steep falls in Chinese equities spilled over to global markets. Thursday’s selloff came after the ...
RMB exchange rate remained generally stable against a basket of currencies in 2015
January 7th, 2016
Guest Commentator of CFETS, Jan 5, 2016 On January 4, 2016, the China Foreign Exchange Trade System published the latest readings of a series of RMB exchange rate indices. According to the latest figures, on December 31, 2015, the ...
Nasdaq and Tel-Aviv Stock Exchange Sign Landmark Strategic Agreement
January 7th, 2016
Will Form a New Joint Platform for Private Israeli Growth Companies Tel-Aviv to Expand Business and Boost Trading Technology With Genium INET Nasdaq (Nasdaq:NDAQ) and Tel-Aviv Stock Exchange (TASE) have officially announced a strategic cooperation. The two have agreed to form a jointly-operated venture to support private growth companies in Israel. The venture, which will ...
