More than $18 billion worth of cryptocurrency has been transferred to a new kind of platform that pays investors for locking up their tokens. Analysts worry that this intricate plan puts consumers and the cryptocurrency market at danger. As cryptocurrency… Read More ›
560 million Ticketmaster customers’ personal information is allegedly in the possession of a bunch of hackers. The gang claiming responsibility, ShinyHunters, claims that partial credit card details, phone numbers, addresses, and names of Ticketmaster users worldwide are among the stolen… Read More ›
Over the course of the last month, Japanese officials intervened in the foreign exchange market to strengthen the yen, spending 9.79 trillion yen ($62.23 billion). While these actions prevented the currency from falling further, they are unlikely to stop longer-term… Read More ›
Building on the protections put in place after taxpayers were forced to bail out bankers during the global financial crisis more than ten years ago, the European Union said on Thursday that it has granted final clearance to implement the… Read More ›
Chinese businessmen are hoping that a round of discussions would lessen the shock to the largest electric car sector in the world following the European Commission’s anticipated action to boost tariffs on Chinese automobiles. For Chinese electric vehicle manufacturers, the preliminary… Read More ›
All 82 economists surveyed by Reuters seem to be in agreement that the European Central Bank would lower interest rates on June 6. Most of them also projected two more rate cuts in September and December. However, financial markets are… Read More ›
Tuesday’s decline in gold prices was caused by investors taking gains following a recent surge and pressure from the less likely possibility of rate reduction by the Federal Reserve. The market was also waiting for important U.S. inflation data that… Read More ›
According to Bank of Japan statistics released on Tuesday, Japanese corporate services prices increased in April at their quickest rate since early 2015. This was due in part to rising labour costs in the services sector, which is encouraging for… Read More ›
It seems almost certain that there will be an interest rate drop next week after two influential European Central Bank members on Monday threw their support behind the idea. Olli Rehn, the director of Finland’s central bank and a member… Read More ›
Speaking on Asia’s stock and deal-making landscape, JPMorgan’s Filippo Gori stated at the bank’s Global China Summit on Thursday that India and Japan are two bright spots in Asia’s “supremely interesting” markets. “You have the burning country of Japan. India,… Read More ›
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