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
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
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 […]
$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 […]
The Global QE Exit Crisis
“As the Fed attempts to exit from so-called quantitative easing (QE) – its unprecedented policy of massive purchases of long-term assets – many high-flying emerging economies suddenly find themselves in a vise. Currency and stock markets in India and Indonesia are plunging, with collateral damage evident in Brazil, South Africa, and Turkey. CommentsThe Fed insists […]