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Worldwide business news with international business, banking, interest rate, stock market, currencies and fund
[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 …
[ECB] ECB consults on a new euro unsecured overnight interest rate 01/12/2017
The European Central Bank (ECB) is today calling on market participants and all other interested parties to provide comments on the high level features of a new unsecured overnight interest rate.
[Bloomberg] Bitcoin’s Wild Ride: A Rally, a Rout and Outages on the Exchanges 30/11/2017
Bitcoin plunged as much as 20 percent hours after a rally past $11,000 generated a surge in traffic at online exchanges that led to intermittent outages.
[RBA]Statement by Philip Lowe, Governor: Monetary Policy Decision 20/11/2017
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.