News

Aug 26
Asian shares sank on Monday as trade war deepens

Asian shares fall on Monday as the latest salvos in the Sino-U.S. trade war shook confidence in the world economy and sent investors steaming to the safe harbor of sovereign bonds and gold, while slugging emerging market currencies. Asian Shares On Friday, U.S. President Donald Trump announced an additional duty on some $550 billion of […]

Aug 26
Xendpay Partners with Ripple to Expand Global Money Transfer Services

Xendpay announce that joins RippleNet, that will allow the former to provide money transfer services beyond the United States dollar. Xendpay will use Ripple’s pre-existing network of banks and other financial partners to facilitate money transfers via other forms of currency especially Ripple’s XRP. “Most of our customers are migrants who are sending money back […]

Aug 22
Asia shares were flat on Thursday; uncertainty clarity on Fed

Asian shares went flat on Thursday as uncertainty over the outlook for both U.S. interest rates and the chance of global fiscal stimulus sucked the life out of markets. Asian Shares MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.2% in very light volumes. Japan’s Nikkei gained 0.1%, as did Shanghai blue chips. E-Mini […]

Aug 21
Asian shares fell on Wednesday; eyes on Fed minutes

Asian shares slipped on Wednesday as fresh worries about a global recession led investors to dump risky assets, with US President Donald Trump showing no signs of backing down in his trade war with China. Trump said on Tuesday he had to confront China over trade even if it caused short-term harm to the US […]

Aug 21
MFSA restricts sale of CFDs for retail clients

As part of its ongoing efforts to enhance consumer protection, the MFSA has updated the Conduct of Business Rulebook to implement important changes essentially restricting the marketing, distribution or sale of Contracts for Differences (CFDs) to retail investors. This update follows an extensive consultation process which the Authority held with industry earlier this year. During the last […]

Aug 20
Asian Stocks rose on Tuesday

Asian stocks were higher on Tuesday as investors digested signs of progress on trade negotiations and speculation of government stimulus to shore up economic growth. Asian Stocks MSCI’s broadest index of Asia-Pacific shares outside Japan was traded at 0.31%. Japan’s Nikkei rose 0.45%. The S&P 500 gaining 1.21%. Currencies The Japanese yen was up 0.1% […]