Risk Aversion Dominates as China Coronavirus Spreads Quickly Globally
Risk aversion dominates the financial markets as global outbreak of China’s Wuhan coronavirus worsens. DOW suffered the third-worst point drop in history overnight. 30-year yield hit new record low while 10-year yield also hit 3-year low. Though, Asian markets turned...
Cheap credit could prove too pricey for Turkey’s fragile economy
Turkey’s president Recep Tayyip Erdogan Most politicians would like banks to hand out more cash to businesses and voters, particularly at times of economic malaise. Fortunately, most have either too much sense or too little clout to force the issue....
USD/JPY And Stocks The Latest Casualties Of The Coronavirus
Earlier today, one of the issues we pondered regarding the coronavirus was that USD/JPY was only down 40 pips from the day’s highs, while stocks were getting hammered and gold was flying. Where was the “flight to safety”? USD/JPY and...
Fast-growing digital bank Revolut triples valuation to $5.5 billion
Nikolay Storonsky, chief executive of Revolut, on stage at the MoneyConf fintech event in Lisbon, Portugal. Seb Daly | Web Summit | Getty Images British financial technology start-up Revolut has raised $500 million in a fresh round of funding that...
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