LONDON (Reuters) – Turnover on some of the world’s biggest currency-trading venues has dropped as falling market volatility prompts some global banks to route more volumes onto their internal platforms, the Bank for International Settlements said in a quarterl... More »
WASHINGTON (Reuters) – China is unlikely to face serious consequences from the Trump administration’s decision to label it a currency manipulator given the apparent lack of G7 and IMF support for the move, former and current U.S. and G7 officials said. The U.S... More »
ISTANBUL (Reuters) – The Turkish lira, bonds and shares gained on Monday after the opposition dealt a stinging blow to President Tayyip Erdogan by winning control of Istanbul in a re-run mayoral election on Sunday. Turkish assets have lost value since March am... More »
NEW YORK (Reuters) – U.S. entrepreneur and cryptocurrency investor Michael Terpin won $75.8 million in a civil judgment against a 21-year-old man who Terpin said was part of a scheme that defrauded him of digital currencies, court documents showed on Friday. C... More »
CAIRO (Reuters) – Sudan’s central bank on Sunday strengthened the Sudanese pound to 45 pounds to the dollar from 47.5, state news agency SUNA reported. It said the measure coincided with the sharp rise in the price of the pound against the dollar on the parall... More »
BOSTON (Reuters) – The founder of a Nevada-based company was arrested on Wednesday on federal charges he participated in a $6 million scheme to defraud people who wanted to buy a virtual currency called My Big Coin that he claimed was backed by gold. Randall C... More »
WASHINGTON (Reuters) – U.S. President Donald Trump accused Russia and China on Monday of devaluing their currencies while the United States raises interest rates. “Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest ra... More »
CARACAS (Reuters) – Venezuela’s new “petro” cryptocurrency will attract investments from Turkey, Qatar, the United States and Europe, the country’s cryptocurrency regulator said on Friday. The government of President Nicolas Maduro, which says the petro will h... More »
FILE PHOTO: An Israeli flag flutters outside the Bank of Israel building in Jerusalem August 7, 2013. REUTERS/Ronen Zvulun/File Photo JERUSALEM (Reuters) – The Bank of Israel is examining issuing digital currency as a means of creating a faster payments system... More »
DUBAI (Reuters) – Some Arab states are trying to destabilize Qatar’s riyal but efforts to drive down its value could backfire by hurting other dollar-linked currencies in the region, a Qatari central banker said. Khalid Alkhater, currently in Britain on leave ... More »
FILE PHOTO: Scotland’s former First Minister, Alex Salmond, speaks at the party’s spring conference in Glasgow, Scotland March 29, 2015. REUTERS/Russell Cheyne Scotland could abandon a currency union with the rest of the United Kingdom if it gained independenc... More »
A vendor holds Chinese Yuan notes at a market in Beijing, August 12, 2015. REUTERS/Jason Lee China said on Friday it had no intention of using currency devaluation to its advantage in trade, responding to U.S. President Donald Trump’s description of the Asian ... More »
A logo of yuan is seen at a foreign exchange store in Shanghai, China, December 1, 2015. REUTERS/Aly Song President Donald Trump declared China the “grand champions” of currency manipulation on Thursday, just hours after his new Treasury secretary pledged a mo... More »
IMF official Chris Jarvis at a news conference in Cairo, Egypt August 11, 2016. REUTERS/Mohamed Abd El Ghany The International Monetary Fund (IMF) has welcomed Egypt’s decision to float its pound currency on Thursday, it said in a statement, adding that the de... More »
NEW YORK Algorithms are proving to be poor at timing currency markets, if a group of new exchange-traded funds is any indication. In January, ETF-industry leaders BlackRock Inc’s iShares unit and WisdomTree Investments Inc both launched slates of international... More »
CARACAS Origami-like boats made from Venezuela’s rapidly depreciating bolivar bills sit on the cash register of a small fruit and vegetable store in Caracas. Cashier Marisol Garcia makes the bolivar boats to illustrate roaring inflation and the currency’s tumb... More »
SAO PAULO Swiss lender UBS AG made a whistleblower deal with Brazilian authorities investigating the suspected rigging of Brazil’s currency market and will receive no punishment in the case, a local newspaper reported on Friday. The investigation, which involv... More »
