Brexit threatens cross-border financial markets, MEP warns traders
An influential member of the European Parliament has warned that, with a year to the day until the UK leaves the European Union, there remains a danger that Brexit could reverse the global cooperation that has been achieved during the...
Pakistan: A quiet sort of military might
Across the army, navy and air force, conservative estimates put the value of the military’s business empire at more than $25 billion; on any normal day, it’s difficult to conduct commercial activity in Pakistan and not make the brass hats...
G20 ministers wrestle with cryptocurrency oversight
Regulators and policymakers around the world still haven’t come close to getting their heads around cryptocurrencies, but they are trying. The G20 meeting of finance ministers and central bank governors, which met in Buenos Aires in March, acknowledged their growing...
International banks unlikely to debt finance Argentina’s new PPPs
International banks’ appetite for debt financing Argentina’s upcoming programme of infrastructure projects via a new public-private partnership (PPP) structure is likely to be extremely limited. The first Argentine PPP projects will be awarded by the end of April, with an...
Dollar Rebound Lacks Conviction, Except Versus Aussie and Possibly Yen
Dollar jumps broadly overnight but it’s rally is starting to lose steam again in Asian session. Instead, while Yen remains the weakest one for the week, it’s starting to regain some strength. So far, the Japanese is not benefiting from...
There’s only one survivor of this year’s cryptocurrency slaughter: VeChain
All of the top 20 cryptocurrencies by market cap are down for the year. Except for one, VeChain. That digital currency has gained more than 28 percent since January 1, which one analyst says is thanks to big-name partnerships and...
Wall Street analyst makes an evidence-based case for holding (or ‘HODLing’) bitcoin for long term
Looking through the lens of stock investing, a Wall Street analyst says bitcoin is an attractive buy while it remains under pressure here. “The mood in crypto is terrible right now,” Thomas Lee, head of research at Fundstrat Global Advisor...
‘Buy the dip’ looks dead, as final hour of trading now typically sees selling
Buying on the dip seems out of style in the U.S. stock market, as traders are typically dumping stocks right before the close, according to data from Bespoke Investment Group. “The YTD [year-to-date] pattern has been a very big spike...
Tesla’s junk bond tanks below 87 cents on the dollar after downgrade
Tesla’s bond price plunged Wednesday to its lowest level since the note was issued last year, sending its yield above 7 percent. The price drop came a day after Moody’s Investors Services cut Tesla’s credit rating and changed its outlook...
Risk On Again as Stocks Futures Rebound on Facebook, Yen and Swiss Franc Dive
The pattern of risk on/risk off continues today. After opening lower, European indices pare back much losses with FTSE now back in black at the time of writing. US futures also point to slightly higher open. Tech stocks, who were...
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