Search Results for: economy
ASIC accepts enforceable undertaking from Macquarie Bank to address inadequacies within their wholesale FX businesses
May 19th, 2017
ASIC has today accepted an enforceable undertaking (EU) from Macquarie Bank Limited in relation to the bank’s wholesale foreign exchange (FX) businesses, following an ASIC investigation. ASIC is concerned that the bank failed to ensure that its systems and ...
Asia Stocks Turn Higher as Investors Assess Crises: Markets Wrap
May 19th, 2017
Yen poised for strongest week in a month; gold resumes gains S&P 500 rebounds with dollar amid bullish economic reports Asian shares rose as Japanese equities erased morning losses and investors assessed the risks from political crises in Brazil ...
Dow Falls 370 Points, Bonds Rally on Trump Turmoil
May 18th, 2017
Risk off sentiment grips markets with Washington on edge Volatility comes roaring back, as gold surges on haven demand The Dow Jones Industrial Average tumbled more than 370 points, Treasuries rallied the most since July and volatility spiked higher ...
Bitcoin.com’s Cloud Mining Begins, Now Anyone Can Mine Bitcoin
May 17th, 2017
Bitcoin.com’s Cloud Mining Allows Anyone to Join the Growing Mining Economy Today we are pleased to announce the grand opening of our cloud mining services. Our mining pool pool.bitcoin.com has been growing fast with a hashrate of 141.19 Ph/s ...
Euro sets one-week high ahead of GDP data; dollar inches lower
May 16th, 2017
The euro touched a one-week high on Tuesday ahead of the release of euro zone gross domestic product data, as the dollar struggled to gain traction in the wake of a surprisingly soft U.S. manufacturing report. The euro rose ...
Euro to US Dollar: Forecast for next five days
May 15th, 2017
Euro to US Dollar looks like it is cycling lower after the sharp drop from the 1.1000 highs. We still see a risk of a breakdown to fill the gap left after the jump higher following the first round ...
Digital currency, the Airbnb and Uber killer
May 15th, 2017
Ride-sharing app Uber experienced a setback on Thursday (11 May), as a top EU lawyer of the European Court of Justice (ECJ) stated in an opinion that the company can be regulated as a transport business, instead of an ...
China shares gain on spending program
May 15th, 2017
Hang Seng China Enterprises Index on course for six-day surge Oil climbs as Russia, Saudi Arabia favor extending output deal Chinese equities rose as optimism over infrastructure spending offset concerns over the strength of the global economy, while oil surged ...
How money is created
May 13th, 2017
How money is created Since the Eurosystem launched its accommodative non-standard monetary policy measures, the central bank reserves of commercial banks in the euro area have gone up sharply, more than seven-fold within a period of not quite ten ...
EU raises eurozone growth forecasts
May 12th, 2017
Economic growth in the eurozone this year should be a bit better than previously forecast according to the latest outlook unveiled by EU Economic and Financial Affairs Commissioner Pierre Moscovici. Gross domestic product for the 19-country bloc is expected ...
