Currencies / Foreign Exchange Markets

Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows

Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows

Published 15/07/2019

LONDON (Reuters) - Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting [more…]

Reassuring Chinese data nudges shares higher

Reassuring Chinese data nudges shares higher

Published 15/07/2019

LONDON (Reuters) - Surprisingly upbeat economic soundings from China lifted the global markets mood on Monday, pushing world shares toward an 18-month high and steering [more…]

Zimbabwe inflation almost doubles, stirring memories of economic chaos

Zimbabwe inflation almost doubles, stirring memories of economic chaos

Published 15/07/2019

JOHANNESBURG (Reuters) - Zimbabwe’s annual inflation almost doubled to a new 10-year high of 175.66% in June, data showed on Monday, stirring memories of years [more…]

U.S. proposes barring big tech companies from offering financial…

U.S. proposes barring big tech companies from offering financial…

Published 14/07/2019

(Reuters) - A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the [more…]

U.S. equity funds add $1.7 billion ahead of Fed chair testimony: BAML

U.S. equity funds add $1.7 billion ahead of Fed chair testimony: BAML

Published 12/07/2019

LONDON (Reuters) - Investors pumped money into bonds and equities in the week to Wednesday with U.S. stock funds adding $1.7 billion, Bank of America [more…]

Euro zone growth, inflation outlook cut as risks from U.S. trade grow

Euro zone growth, inflation outlook cut as risks from U.S. trade grow

Published 10/07/2019

BRUSSELS (Reuters) - The European Commission lowered its estimates on Wednesday for euro zone growth and inflation, saying uncertainty over U.S. trade policy posed a [more…]

Euro zone welcomes Croatia’s bid to join euro at the earliest in 2023

Euro zone welcomes Croatia’s bid to join euro at the earliest in 2023

Published 08/07/2019

BRUSSELS (Reuters) - Croatia has submitted a formal bid to join the European Exchange Rate Mechanism (ERM-2), an early stage on the path to membership [more…]

Asian shares stumble as bets off on sharp U.S. rate cuts

Asian shares stumble as bets off on sharp U.S. rate cuts

Published 08/07/2019

SYDNEY (Reuters) - Asian shares were a sea of red on Monday after strong U.S. job gains tempered expectations the Federal Reserve will deliver a [more…]

Fugitive U.S. tech guru: Cryptocurrency is next Cuban revolution

Fugitive U.S. tech guru: Cryptocurrency is next Cuban revolution

Published 05/07/2019

HAVANA (Reuters) - On the run from U.S. tax authorities, tech guru John McAfee puffs a cigar aboard his towering white yacht in a Havana [more…]

Stocks cheer trade reprieve, bonds reconsider rate cuts

Stocks cheer trade reprieve, bonds reconsider rate cuts

Published 01/07/2019

LONDON/SYDNEY (Reuters) - Stocks rallied and bonds retreated on Monday as the United States and China agreed to restart trade talks, leading investors to pare [more…]