Category Archives: News

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

China’s premier says 2017 GDP growth expected around 6.9 percent

  ChinesePremierLi Keqiang said the economy is expected to have grown around 6.9 percent last year, according to the official Xinhua news agency. China’s foreign exchange reserves continued to rise last year, while the country’s corporate leverage ratio declined at

Oil prices rise to hit four-year high of $70 a barrel

The price of oil has hit $70 a barrel for the first time since December 2014. Brent crude climbed after members of Opec, the cartel of 14 oil-producing nations that accounts for 40% of the world’s output, said it would

Three rate hikes by the Fed in 2018 would be problematic for markets

The current bull run in markets would be derailed if the U.S. Federal reserve hikes rates three times this year, investing expert Michael Yoshikami told CNBC on Wednesday. That prediction comes after the latest projections from the Federal Open Market

Asian shares step back from New Year rally as trade concerns resurface

TOKYO (Reuters) – The New Year rally in Asian shares ran out of steam on Thursday as concerns about the U.S. administration’s protectionist stance hit Wall Street while U.S. bonds were dented by speculation China may curtail buying. MSCI’s broadest

Cryptocurrency ripple falls again, have losses from the previous day!

The digital currency dropped 12.8 percent and traded at $2.12 as of 4:56 p.m. ET. Ripple dropped more than 8 percent on Monday as prices of several digital currencies also declined. Coinmarketcap.com, an industry site, showed ripple down more than

Cryptocurrencies Pitfall starting?

Digital currencies fell broadly on Monday, with ripple and bitcoin leading the charge lower. Ripple traded 10 percent lower at $2.46 on the Bitstamp exchange. Coinmarketcap.com showed its price down nearly 25 percent, but it appeared that may be due

It’s war! China blasts Soros over currency comments

“Soros openly declared war on China, asserting that he shorted a large volume of Asian currencies,” said the op-ed article, which ran on the front page of the paper’s overseas edition Tuesday. It was written by a researcher at the

Europe Stocks Fall to 15-Month Low as Oil, Results Stoke Concern

European stocks slid to a 15-month low as falling oil prices and results from companies including Zurich Insurance Group AG and Royal Dutch Shell Plc exacerbated investor concern about global growth. Zurich Insurance slid 11 percent after predicting a second

Could earnings flood revive stocks?

Stocks limp into the busiest day of the earnings season after throwing a tantrum over the Fed’s cautious remarks about a slowing economy. Earnings have been a mixed bag with disappointment in Boeing’s forward guidance Wednesday pounding that stock. But a