Category Archives: Currencies
Asian shares subdued; euro choppy amid Italian uncertainty
Asian shares were on the backfoot and the safe-haven yen rose on Monday amid fears of a global trade war, while the euro was choppy as investors worried Italy’s national elections could deliver an anti-establishment government. Italian voters delivered a
Bitcoin edges lower, then pares some losses, after news that SEC is probing cryptocurrencies
Bitcoin slipped on Wednesday following news that the U.S. securities and exchange commission is probing the cryptocurrencies market. The Wall street journal reported Wednesday evening ET that, as part of that investigation, the SEC has issued “scores of subpoenas”
Asia shares rebound as fidgety U.S. rate fears shift again
SYDNEY (Wallstreetnews) – Asian shares rebounded on Friday as comments from a Federal Reserve official eased worries about faster rate rises in the United States, while the dollar ticked higher as investors dipped their toes back into riskier assets. Indications
A massive US farming industry fears China trade trouble
One of America’s biggest farming industries fears it could find itself in China’s cross hairs if President Trump keeps ramping up trade tensions between the world’s two largest economies. China is the world’s biggest buyer of US soybeans. It imported
Four triggers could cause a huge cryptocurrency crash
If it’s true that the bigger they are, the harder they fall, then cryptocurrencies have been gearing up for a tremendous decline. But, then again, maybe this is just the start for the great crypto bull
Wall Street ends higher despite government shutdown threat
NEW YORK – Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed. The S&P 500 and the Nasdaq hit record closing highs, while the Dow ended the day higher after trading
HSBC to pay $100 million to settle currency rigging investigation
HSBC holdingson Thursday agreed to pay $101.5 million to settle a U.S. criminal probe into the rigging of currency transactions, which has already led the conviction of one of its former bankers. The payment includes a $63.1 million fine plus
SEC says it’s worried about ‘significant’ issues with cryptocurrency ETF plans
The U.S. Securities and Exchange Commission indicated Thursday it would not be open to approving cryptocurrency exchange-traded funds until concerns related to rules aimed at protecting investors are addressed. “We believe … that there are a number of significant investor
Bitcoin briefly dips below $10,000 on Coinbase, and ethereum crashes too
Bitcoin briefly plunged below $10,000 late Tuesday afternoon on Coinbase, after first topping the psychologically key level in late November. Other major digital currencies also sold off sharply. Digital currency ethereum plunged 30 percent Tuesday, to below $1,000, while ripple
Bitcoin-crazy South Korea may face a ban on cryptocurrency trading
Bitcoin trading could soon be outlawed in one of the virtual currency’s biggest markets. The South Korean government is preparing a bill to ban trading in all cryptocurrencies including bitcoin, Justice Minister Park Sang-ki said Thursday. “There are great concerns
Economic data due on Tuesday include consumer confidence for August and the Case-Shiller home price index for June.