Vanguard, the U.S.-based head of forex trading, plans to launch a revolutionary project. It trades about $225 billion each month in currencies. The fund giant will start using new, computer-run algorithms this year. With this algos, it can trade FX with other funds directly, without go-betweens. As these mediators are banks, it means that they …
Vanguard Plans to Sidestep the Banks with New Algorithms Read More »
Africa’s second-most populous country was one of the poorest countries at the beginning of the 21st century. In 2000, it was the third poorest country in the world. Ethiopia’s annual GDP per capita was about $620 in 2011 dollars. Moreover, more than half of the population lived below the global poverty line. It was the …
Android and Apple users alike are still waiting for Samsung to launch the new Galaxy Buds+. The company launched an app for the upcoming product in the Apple App store, and fans can’t wait to compare. The app will allow iOS users to enjoy an “optimized experience on the go,” said a Samsung spokesperson. It …
Samsung Teases New Galaxy Releases | Wibest Broker Read More »
Cryptocurrencies such as Bitcoin, Ethereum, and others became more popular thanks to their decentralized nature. They offer a number of advantages to crypto owners. However, there are some problems as well. One of the main problems relates to crypto ransoms. Recently, hackers compromised five U.S. law firms. Such cases create bad publicity for the crypto-related …
The spread of coronavirus continues to dominate the headlines as it created many questions regarding the future of the global economy. Another factor that affected the stock markets was the decision of the Reserve Bank of Australia. On February 4, the central bank decided to leave the cash rate at 0.75%. The Governor of the …
The Reserve Bank of Australia and Stock Markets in Asia Read More »
The Chinese stock market is officially open. China’s central bank injected 1.2 trillion yuan of liquidity to help the stocks after the big downfall. As a result, the offshore yuan rose slightly over its one-month low of 7.0230 per dollar, trading at 7.0127 yuan per dollar. On the other hand, the Australian dollar fetched $0.6690. …
Asian Stocks Rose Slightly While the Dollar Hit High Read More »
On Monday, mainland Chinese stocks experienced serious problems due to the coronavirus outbreak. It was the first day of trading after an extended Lunar New Year Holiday. Chinese indexes fell by more than 7%. It was the worst day for stock indexes in years. Hopefully, on Tuesday, Chinese stocks started to recover after sustaining huge …
Stocks in China, Japan, and South Korea Recovered on Tuesday Read More »
Oil futures ended sharply lower on Monday. The prices hit their lowest settlement in more than a year. All as a result of fears of declining demand in China, the biggest oil importer in the world. Brent crude scored $54, and WTI crude $49.99 on Monday. The rapid spread of the virus and the precautionary …
Crypto crimes continue to rise as more and more people are using cryptocurrencies for illegal activities. Recently, the hacker group called Maze compromised five U.S. law firms and demanded two 100 Bitcoin ransoms from each firm. The first one to restore access to the data and the second one to delete their copy instead of …
The U.S. dollar is rising again after the short fallout during the last days. The downfall followed the release of the new data about the slowest annual growth during the previous three years. But it seems key U.S. manufacturing survey managed to recover unexpectedly. Meanwhile, the Chinese yuan and Australian dollar remained subdued due to …
U.S. Dollar soared, What caused the sudden turnaround? Read More »
Hong Kong is one of the main major financial hubs in the world. However, violent protests, as well as protracted trade war, affected the local economy. The result was the first recession for the first time in a decade in 2019. Moreover, the coronavirus outbreak is another serious challenge for the economy. On Monday, officials …
Hong Kong’s economy and the Risk of Coronavirus Outbreak Read More »
According to Leslie Miller, YouTube vice president of government affairs and public policy, the platform will remove politically misleading videos. These technically manipulated or edited to mislead YouTube subscribers may pose a “serious risk of egregious harm.” Policies on malicious and slander by deed are new, but only brought up again in hopes of stopping …
YouTube Steps Up Against Misinfo at Pre-Elections Read More »
The people’s Republic of China has the second-largest economy in the world after the U.S. However; the economy continues to slow down due to internal and external factors. In this situation, the coronavirus outbreak may cause serious problems for the economy. Yesterday it was the first day of trading for the Chinese stocks. Two days …
Mainland Chinese Stocks and People’s Bank of China Read More »
China’s economy is tumbling down due to the coronavirus outbreak. Stocks are falling, while investors are moving on to safe-haven assets. Chinese authorities are trying to reduce the panic on the market. They are concerned that if fear isn’t alleviated, China could end up completely isolated. The airlines are already suspending flights, and other governments …
CSRC issued several ways to help companies during epidemy Read More »
Crimes related to cryptocurrencies represents a serious challenge for the law enforcement agencies in Europe and other parts of the world. One example of how people are using Bitcoin and other cryptocurrencies for illegal activities comes from France, Belgium, and Israel. French Gendarmerie Nationale, along with the Belgian Police and Israel Police, joined forces to …
International Investments Scam, 85 Victims and Bitcoin Read More »
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