News
Facebook will not launch the cryptoccurency Libra until it has fully addressed regulatory concerns. The remarks are prepared testimony he plans to give tomorrow, in front of the US Senate Banking Committee. Because the Libra Association is headquartered in Switzerland, Marcus says he expects the currency to be regulated by Switzerland’s financial regulator. The association is currently in “preliminary […]
Gold prices were little changed on Monday in Asia after data showed China’s second-quarter growth data slowed to a 27-year low but matched expectations. Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange were little changed at $1,413.35 by 12:43 AM ET (04:43 GMT). Gold prices jumped from $1,200 […]
Asian shares advanced on Monday as investors breathed a sigh of relief after encouraging Chinese data suggested the world’s second-biggest economy may be starting to stabilize thanks to ramped-up stimulus from Beijing. Asian Shares Trading was expected to be light as Japan was shut for a public holiday. MSCI’s broadest index of Asia-Pacific shares outside […]
Asian shares veered between small losses and gains on Friday as investors awaited key China trade and lending data, and as worries over Sino-U.S. trade tensions countered optimism rooted in expectations of a Federal Reserve rate cut this month. “Markets have enjoyed a bit of a calm spot in the U.S.-China trade war saga since […]
Bitmarket , Polish cryptocurrency exchange has just shut down without warning. According to a brief message Bitmarket said to have been Poland’s second largest crypto exchange staded: “We regret to inform you that due to the loss of liquidity, [from] 08/07/2019, Bitmarket.pl/net was forced to cease its operations. We will inform you about further steps.” Although […]
Asian stocks gained and the dollar drooped on Thursday after Federal Reserve Chair Jerome Powell reinforced prospects of a U.S. interest rate cut later this month. Asian Stocks In an appearance before his congressional overseers on Wednesday, Powell confirmed that the U.S. economy is still under threat from disappointing factory activity, tame inflation and a […]