Latest Market News
Binance and its local subsidiary have set up a $50 million fund to reinvigorate growth in blockchain startups in India following a Supreme Court decision to allow banks to service crypto firms. Binance and India based bitcoin exchange WazirX – which Binance acquired in November – announced Tuesday their new Blockchain for India fund would […]
Most Asian shares fell on Tuesday a day after Wall Street’s historic market rout, with fleeting initial gains evaporating as the coronavirus remained a major risk to economic growth. Asian Shares MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gave up early gains to trade 0.43% lower. Japan’s Nikkei stock index .N225 slid 2.79%. South […]
Stocks in Asia Pacific tumbled on Monday as the U.S. Federal Reserve slashed its benchmark interest rate to zero and launched a massive quantitative easing program in an emergency move on Sunday. Stocks The S&P/ASX 200 in Australia led losses among the region’s major markets as it dropped 9.7% to close at 5,002. Mainland Chinese stocks dropped on the day […]
U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China’s factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus. Brent crude was down $2.89, or 8.5%, to $30.96 a barrel by 1012 GMT. The front-month […]
Stocks opened sharply higher Friday, but remained on track for a brutal week of losses that saw major indexes tumble into a bear market on uncertainty over the economic impact of the COVID-19 pandemic. Indications lawmakers and the Trump administration were moving close to an aid package were credited with lifting sentiment. The Dow Jones […]
Shares have tumbled after US President Donald Trump restricted travel to the US from mainland Europe in a bid to slow the spread of the coronavirus. Shares US S&P500 futures slumped more than 3 percent, a day after the S&P 500 lost 4.89 percent, putting the index in a bear market, defined as a 20 percent fall […]