The dollar was restrained versus its peers on Thursday, limited by concerns over global growth, the US government shutdown, and a yet-unresolved US-China trade war. “Trade tensions are the most dominant factor for investor sentiment right now and will drive market flows,” said Nick Twidale, who is the chief operating officer at Rakuten Securities. Twidale …
Dollar Struggling over Trade War, Gov’t Shutdown Read More »
US President Donald Trump said in a late night Tweet on Wednesday that he would delay the State of the Union Address until the government shutdown was over as a response to House Speaker Nancy Pelosi’s move to obstruct his plans for the speech. Earlier in the day, Democratic leaders in the House of Representatives …
India Institute for Development and Research in Banking Technology (DRBT) has published a blueprint on blockchain implementation in the banking sector, according to an Indian local newspaper. IDRBT was established by the Reserve Bank of India (RBI) in 1996 with the mission to conduct research and experiments in the banking sector. The organization is reportedly …
IDRBT Issues Strategy for Blockchain Adoption in India Read More »
As much as $16 million worth of Ethereum (ETH) and ERC20 tokens were stolen in the recent hack of New Zealand exchange Cryptopia, according to an analysis from blockchain infrastructure firm Elementus. Elementus’ research and analysis were published under a week after Cryptopia first publicly announced its detection of the breach. As reported, the exchange …
$16 Million Stolen from Cryptopia in Recent Hack Read More »
The Bank of Japan (BOJ) has slashed its inflation forecasts on Wednesday and warned of rising risks to the economy from faltering global demand, further pushing back policymakers’ years-long efforts to foster durable growth. As widely expected, the BOJ retained its ultra-easy monetary settings at its policy review, leaving Japan some way off from exiting …
BOJ Slashes Inflation View, Retains Monetary Stimulus Read More »
The safe-haven yen fell versus its peers on Wednesday as worries over slowing global growth and US trade tensions dampened investors’ appetite for riskier assets. The yen weakened by 0.3 percent versus the greenback to 109.73. Against the Aussie dollar, it slipped 0.5 percent. As widely anticipated, the Bank of Japan kept monetary policy unchanged …
Yen Slumps on Global Growth Risks and Trade Tensions Read More »
The dollar stayed close to its two-week highs against its peers on Tuesday as a slowdown in China’s economy to 28-year lows fueled fresh worries regarding global growth and prompted investors to move into safe-haven currencies. Overnight, the International Monetary Fund (IMF) slashed its 2019 and 2020 global growth forecasts, citing a bigger than expected …
Dollar Nears Two-Week High on IMF Cut over Global Growth Read More »
The International Monetary Fund slashed its global growth forecasts on and a survey showed increasing negativity among business chiefs as trade tensions and uncertainty loomed over the world’s biggest annual gathering. The bleak IMF forecasts, published on the eve of the World Economic Forum in Davos, Switzerland, emphasized the challenges that are faced by policymakers …
Bitcoin (BTC) problems are only solvable by departing from proof-of-work (PoW) system, according to research published by the Bank for International Settlement (BIS) on January 21. According to the paper, when the future Bitcoin’s block rewards fall to zero – given that only a limited number of new Bitcoin will ever be created – transaction …
Oil prices were steady on Monday in Asia after official data showed Chinese economic slowdown was in line with expectations and not as sharp as some analysts had feared. China’s economy expanded 6.4 percent during the fourth quarter of 2018 from a year earlier, as expected, official data from the National Bureau of Statistics showed …
Oil Prices Firm after Massive Increase Last Friday Read More »
Asian stocks held to their nerve on Monday as data showed the Chinese economy slowed at the end of last year, emphasizing the urgent need for more stimulus as Beijing wrestles with the United States over trade. Investors are also waiting to hear British Prime Minister Theresa May’s ‘Plan B’ for Brexit which is set …
Asian Stocks Steady even on Sluggish China Growth Read More »
China is set to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising US tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown. Increasing signs of weakness in China, which has fueled nearly a third of …
China Economy Expected to Slow Down Weak Domestic Demand Read More »
The dollar held firm near a two-week high against a basket of six other currencies on Monday, with investor risk appetite help up in spite of the most recent data showing China’s 2018 economic growth slowing to a near three-decade low. The dollar index, which tracks the dollar’s strength against a group of six other …
Dollar Hovers Near 2-Week Highs, China GDP Disappoints Read More »
Litecoin founder Charlie Lee has triggered community debate with a tweet alleging that “some self-proclaimed Bitcoin Maximalists are actually Bitcoin Extremist.” Read more here!
KodakONE, who is the developer of a blockchain-based image platform licensed by photographic industry giant Kodak, has reportedly generated over $1 million in licensing claims for image rights during a limited beta test of its platform. Read more here!
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
