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The European Union’s market watchdog is ramping up surveillance of hedge funds and other short sellers that may be taking advantage of the market rout caused by the coronavirus outbreak. The prohibitions apply, as follows: FSMA, Belgium · The measure bans transactions which might constitute or increase net short positions on stocks admitted to trading on Belgian trading […]
Asian markets continued to lose ground Thursday morning in Asia as fears of a global recession caused by the COVID-19 pandemic continue to grip markets. Asian markets Japan’s Nikkei 225 could not hold on to a strong start to the morning session. The Japanese benchmark opened up 2.34%, but quickly gave up those gains and was down 0.78% by 10:04 PM ET (02:04 AM GMT). The Bank of Japan is […]
Major Asian stock markets were higher Wednesday after Wall Street rebounded on President Donald Trump’s promise of aid to get the U.S. economy through the coronavirus outbreak. Chuck money at this, forget about debt, forget about deficits, no one’s actually going to be hauling you to task for keeping to some sort of ridiculous prudent […]
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 […]