Fintech: Deposit Solutions shows potential of open banking
Caroline Plumb, founder and chief executive of Fluidly, a cash-flow modelling provider for small and medium-sized enterprises (SMEs), sounded a little disappointed at the Innovate Finance Global Summit in London. “People were talking about this big-bang moment when the world...
Dollar Surges as 10 Year Yield is Having Another Take on 3%
Dollar jumps again today as 10 year yield is having another attempt at 3% handle today. The greenback is trading above yesterday’s high against all major currencies except Sterling. And for now, Yen is actually not the weakest one. Instead,...
Africa needs to know what it wants from China, expert says. Here are two key issues
China has poured tens of billions of dollars into Africa’s development, but the continent’s countries need a better strategy in order to properly reap the benefits, according to an expert. “China knows what it wants from Africa,” Ibrahima Diong, Senegal-born...
The 10-year Treasury yield has hit the 3% level — here’s what that means
The 10-year U.S. Treasury yield has broken through the “psychologically important” level of 3 percent, leaving analysts contemplating what it could mean the future of asset markets and, more importantly, the global economy. The yield on the benchmark bond —...
Intermarket Movements to Drive Forex Trading with Light Calendar Today
Dollar traded mixed overnight as while 10 year yield breached 3% handle, there was no follow through selling in bonds that kept it above that level. On the other hand, the situation was complicated by the selloff in stocks due...
Bitcoin jumps 7% amid massive market sell-off
Bitcoin rose to its highest level in more than a month as the broader U.S. financial markets sold off Tuesday. The digital currency was trading near $9,436 as of 4:21 p.m. ET, and has jumped nearly 20 percent in the...
After-hours buzz: TXN, WYNN, EW & more
Check out the companies making headlines after the bell: Shares of Texas Instruments gained more than 4 percent after hours. The semiconductor company announced earnings per share and revenues that beat Wall Street estimates. Guidance for the upcoming quarter was...
Treasury Secretary Mnuchin to visit China in ‘a few days,’ Trump says
U.S. Treasury Secretary Steven Mnuchin is headed to China in “a few days” to negotiate on trade, President Donald Trump said Tuesday. A trip to the Asian country was “under consideration,” Mnuchin said Saturday during a press conference. “China welcomes...
The only way to buy property in Shanghai these days is to win the lottery
These days in Shanghai it seems getting a chance to buy property is as close as it gets to winning the lottery. Developers of high-priced Shanghai residential projects have been overwhelmed by deep-pocketed prospective buyers as local government price controls...
Ukraine’s parliament blocks bank reform
Vitaly Vavryschuk, head of financial stability at the National Bank of Ukraine Ukraine’s parliament has dealt a blow to banking sector reform efforts by striking down a draft law designed to tackle corruption and weak governance at the country’s state-owned lenders. The...
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