Search Results for: emerging markets
Bitcoin turns 10 — how it went from an abstract idea to a $100 billion market in a decade
November 1st, 2018
Ten years ago, as Lehman Brothers was declaring bankruptcy and the global economy was lurching into recession, the idea for an alternative currency was being quietly built online. Bitcoin went from an anti-establishment fad on the internet to a ...
Dollar holds near 10-week high; Euro lost 1.8 percent this month
October 29th, 2018
The dollar edged higher against a basket of its key rivals on Monday, not far off a 10-week high hit after data showed U.S. economic growth slowed less than expected and as global risk sentiment remained fragile. The U.S. ...
Oil prices fall one percent amid global stock market slump
October 25th, 2018
Oil prices fell by around one percent on Thursday, coming under pressure from sharp selloffs in global stock markets, with U.S. stocks posting the biggest daily decline since 2011 to wipe out the year’s gains. Front-month Brent crude oil ...
U.S. and Australian financial regulators sign FinTech Cooperation Arrangement
October 8th, 2018
The U.S. Commodity Futures Trading Commission (CFTC) and the Australian Securities and Investments Commission (ASIC) signed an arrangement to cooperate and support innovation through each other’s financial technology (FinTech) initiatives – CFTC’s LabCFTC and ASIC’s Innovation Hub. “The signing ...
Euro to Dollar fell 0.2 percent, Asian stocks trade mixed; Key events coming up this week
October 2nd, 2018
Asian stocks were mixed Tuesday after a muted U.S. trading session, with Japanese shares extending gains as the yen remained under pressure. The dollar pushed higher as emerging-market currencies slid, led by Indonesia’s rupiah. The Nikkei 225 Stock Average ...
France introduces new ICO framework to become Europe’s ICO hub
September 20th, 2018
The French authorities have accepted the legal ICO framework drafted in early 2018. The framework is an important part of a push to turn the country into an ICO hub. Recently, Belgian think tank Bruegel released a report calling ...
Early Traders Review: The Euro and Yen up against the Dollar; Asian Stocks fell
September 17th, 2018
Asian stocks fell with emerging-market currencies after the latest U.S. move to place a further tranche of tariffs on Chinese goods and amid signs some central banks are struggling to stabilize their currencies. The dollar maintained gains. Shares in ...
Oil prices dips on concerns of slowing economic growth
August 20th, 2018
Oil prices dipped on Monday as concerns over slowing economic growth weighed on markets. International Brent crude oil futures were at $71.78 per barrel at 0019 GMT, down 5 cents from their last close. U.S. West Texas Intermediate (WTI) ...
Currency Woes
August 17th, 2018
This week’s collapse of the Turkish lira has dominated the headlines, and it is widely reported that this and other emerging market currencies are in trouble because of the withdrawal of dollar liquidity. There are huge quantities of ...
Financial regulators consult on creation of a Global Financial Innovation Network
August 8th, 2018
The Financial Conduct Authority (FCA) has, in collaboration with 11 financial regulators and related organisations, announced the creation of the Global Financial Innovation Network (GFIN), building on the FCA’s proposal earlier this year to create a ‘global sandbox’. The ...
