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Asian stocks hovered near four-month lows on Monday amid concerns about U.S.-China tensions while the euro was confined to a narrow range after the weekend’s European Parliament elections. Asian Stocks Wall Street’s major indexes edged higher on Friday in a rebound from the previous session’s losses after comments from U.S. President Donald Trump on trade […]
Facebook is planning to set up a digital payments system by the first quarter of 2020, which will be available in many countries according to BBC. The social media giant wants to start testing its crypto-currency, which has been referred to internally as GlobalCoin, by the end of this year. Facebook is expected to outline […]
Gold prices touched a more than one-week high on Monday as fears of a protracted U.S.-China trade war, while poor economic data from the United States bolstered bets of a U.S. Federal Reserve rate cut. Gold Prices Spot gold edged 0.1% higher to $1,286.21 per ounce as of 0714 GMT. Earlier in the session, the […]
Asian stocks stumbled to a four-month low on Friday and crude oil plunged on worries the U.S.-China trade spat was developing into a more entrenched strategic dispute between the world’s two largest economies, pushing investors to safe-haven assets. Asian stocks MSCI’s broadest index of Asia-Pacific shares outside Japan edged down 0.2 percent. Chinese shares recovered […]
The BrokerTec Quote platform will provide RFQ functionality to European repo market participants to make better-informed trading decisions and enhancements to execution capabilities, according to the firm. The platform will be launch in Q2 2019 and will be made available for European sovereign debt, UK gilts along with supranational and agencies throughout the EU27 bloc. […]
Oil prices recouped more than 1% on Friday but were on track for their biggest weekly loss this year after swelling inventories and jitters over an economic slowdown led to big falls earlier in the week. Brent crude futures were at $68.65 per barrel at 0534 GMT, up 89 cents, or 1.3%, from their last […]