LATEST NEWS : European Stocks Drop for a Sixth Day on German Sentiment

Evidence that Europe’s economic woes are hurting companies’ earnings potential and weakening investor confidence sent the region’s shares lower for a sixth day, their longest slump in almost three years. continue reading at bloomberg.com

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LATEST NEWS : Europe Stocks Rise Amid ECB Stimulus Bets After CPI Data

European stocks rose, heading for the longest quarterly winning streak since 2006, as investors speculated that the European Central Bank will boost stimulus after a report showed euro-area inflation slowed this month. continue reading at bloomberg.com

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China to allow direct yuan, New Zealand dollar trades

China has allowed direct domestic trading of the yuan against the New Zealand dollar to encourage such trading as it internationalizes the Chinese currency. The move, announced on Tuesday by the central bank during a visit by New Zealand Prime Minister John Key to Beijing, comes after China doubled the yuan’s trading band over the […]

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$2.7 million-worth of Bitcoin stolen as successor to dark web market place Silk Road is hacked

Silk Road 2.0 has been reportedly hacked by attackers who made off with nearly $2.7million in bitcoin – the online marketplace’s entire holdings. The trading site is a reincarnation of Silk Road, the online black market that was dramatically shut down last year following a high-profile FBI sting. But today the site’s administrator, Defcon, revealed […]

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China's Impact On Gold To Strengthen

Chinese investors are scooping up as much gold as possible. With a reputation for being extremely smart investors, they’re buying in as the price of gold drops. In his latest interview with the Korelin Economics Report, Bron Suchecki suggests that China’s influence on gold will only get stronger as the market there is liberalised. Despite the […]

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Will the Next Financial Crisis Cost More than $14 Trillion?

“The psychological hangover from the 2007-2009 financial crisis seems to still be with us. Indeed, in the second edition of Conquer the Crash (p. 91), Robert Prechter noted: “The psychological aspect of deflation and depression cannot be overstated.” But the worst of the financial crisis was five years ago. Is it odd to even mention […]

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Swaps Probe Finds Banks Rigged Rate at Expense of Retirees

“U.S. investigators uncovered evidence that banks reaped millions of dollars in trading profits at the expense of companies and pension funds by manipulating a benchmark for interest-rate derivatives. Recorded telephone calls and e-mails reviewed by the Commodity Futures Trading Commission show that traders at Wall Street banks instructed ICAP Plc brokers in Jersey City, New […]

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