Latest Market News
The European Banking Authority (EBA) published today the results of its assessment of the applicability and suitability of EU law to crypto-assets. Typically, crypto-asset activities do not constitute regulated services within the scope of EU banking, payments and electronic money law, and risks exist for consumers that are not addressed at the EU level. Crypto-asset […]
Asian shares climbed to a 3-1/2-week high on Wednesday, supported by growing optimism that the United States and China can strike a trade deal to avoid an all-out confrontation that would severely disrupt the global economy. The United States and China agreed to extend trade talks in Beijing for an unscheduled third day on Wednesday, amid […]
Oil prices rose on Wednesday, extending gains from the previous session on hopes that US and China can come to an agreement that can resolve a trade dispute that has triggered a global economic slowdown. U.S. West Texas Intermediate (WTI) crude oil futures were at $50.29 per barrel as at 0131, up 51 cents, or 1 percent from […]
Bakkt, a digital asset platform created by the Intercontinental Exchange, has completed its first funding round, securing an investment from Li Ka-shing, a renowned Hong Kong billionaire and one of the wealthiest men on the planet. Li Ka-Shing Leads Investment Round For Bakkt Bakkt, a cryptocurrency platform backed by the Intercontinental Exchange (ICE) had completed […]
Gold prices slid on Tuesday in Asia, as the U.S dollar rebounded after falling for a fourth straight session. Gold futures for February delivery fell 0.5% to 1.283.502 by 12:50 AM ET (05:50 GMT) on the Comex exchange. Fed Chairman Jerome Powell on Friday said the central bank would be more sensitive to downside risks […]
Stocks in Asia traded mixed on Tuesday afternoon as investors waited for developments from the second day of U.S.-China trade talks. Stocks Japan’s Nikkei 225 rose more than 1 percent. Topix index gained 0.65 percent. In South Korea, the Kospi was around 0.10 percent lower. Shanghai composite declined by 0.2 percent. In Hong Kong, the Hang Seng index rose 0.27 percent. The ASX […]