Worldwide business news with international business, banking, interest rate, stock market, currencies and fund
[BoC] Bank of Canada increases overnight rate target to 1 1/4 per cent 18/01/2018
The Bank of Canada today increased its target for the overnight rate to 1 1/4 per cent.
[Reuters] Stocks resume ascent on earnings hopes, euro gets lift from ECB 12/01/2018
TOKYO (Reuters) - Asian stocks resumed their ascent on Friday, supported by U.S. earnings optimism and a rise in oil prices while the euro edged higher as the European Central Bank signaled an end to its massive stimulus.
[Reuters] Americans should worry about Kim's mental fitness, not Trump's: White ... 04/01/2018
The White House on Wednesday defended Donald Trump’s tweet about the size of his nuclear button, saying Americans should be concerned about the North Korean leader’s mental fitness, not their president‘s.
[Bloomberg] China's Growth May Surprise Again This Year 04/01/2018
From the strength of global trade to the resilience of domestic consumption, reasons to think China’s economy won’t slow as much as expected this year are gathering.
[Reuters] U.S. oil prices hit highest since mid-2015 on surprise output drop 29/12/2017
SINGAPORE (Reuters) - U.S. oil prices hit their highest levels since mid-2015 on the final trading day of the year as an unexpected fall in American production and a fall in commercial crude inventories stoked buying.
[Bloomberg] Trump's Tax Overhaul May ‘Punish’ Foreign Banks With U.S. Units 29/12/2017
A provision in the new tax law, intended to prevent American companies from shifting profits abroad to benefit from a lower overseas rate, might also hit the largest foreign banks with significant U.S. operations.
[WSJ] Bitcoin Plunges 25% in 24 Hours in a Cryptocurrency Market Rout——Digital c... 26/12/2017
The price of bitcoin tumbled sharply Friday, wiping away one-fourth of its market value in 24 hours, as a wave of selling hit the broader cryptocurrency market just before the Christmas holiday weekend.
[ECB] Monetary policy decisions 22/12/2017
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit …
[FED] Federal Reserve issues FOMC statement 13/12/2017
Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate.
[Reuters] Bitcoin futures race higher in volatile launch, dollar steady 12/12/2017
SYDNEY (Reuters) - Futures in bitcoin, which has taken global financial markets by storm, got off to a volatile start at its launch, while the dollar kept gains in Monday’s Asian …