Latest Market News
Robinhood, the US-based commission free stock trading platform has withdrawn its application with the Office of the Comptroller of the Currency (OCG) for bank charter, seven months after submitting the application in April. A successful application would have allowed to fintech to move further into the banking space independently. The withdrawal was reportedly voluntary and […]
Blockchain startup LifeLabs announced that it is developing a digital currency dubbed BVI~LIFE in partnership with the British Virgin Islands (BVI). The coin will be a stablecoin pegged 1:1 to the U.S. dollar — which the BVI have used since 1959 — and its use is expected to reduce transactional fees, increase transaction speed and […]
Asian shares fell on Tuesday after U.S. President Donald Trump stunned markets by imposing tariffs on imports from Brazil and Argentina, rekindling fears over global trade tensions, while weak U.S. factory data added to the investor gloom. Asian Shares Pan-region Euro Stoxx 50 futures were up 0.41% in early trades, while German DAX futures added 0.45% and FTSE futures gained 0.26%. […]
Asian shares gained in early trading Monday following an unexpected jump in China’s manufacturing activity in November. Asian Shares Japan’s Nikkei NIK, rose 1.1%. Hong Kong’s Hang Seng gained 0.5%. The Shanghai Composite SHCOMP edged up 0.3% Australia’s S&P/ASX 200 XJO, was up 0.6%. Currencies The euro climbed 0.1% to $1.1017. The Japanese yen was little changed at […]
At least four Morgan Stanley traders have reportedly been fired or placed on leave over allegations that millions in losses were hidden through securities mismarking. (Mismarking occurs when the value assigned to securities doesn’t reflect what they’re actually worth.) Morgan Stanley discovered faulty pricing had been used for emerging market options contracts that cost the bank up […]
Asian shares were lower on Friday as investors continued to watch for developments on U.S.-China trade following a recent escalation in tensions over Hong Kong. Asian Shares Hong Kong’s Hang Seng index led losses among major markets regionally as it fell 2.03% to close at 26,346.49, with shares of life insurer AIA dropping 2.24%. The Shanghai composite down 0.61% […]