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Markets 08 Feb 2018 | 9:45 AM Premium

2018: Will it be dog eat dog or the dog’s dinner?

ANNUAL forecasting of global and economic trends is a sought after topic from metaphysics professionals at the start of every year. Many methods can be utilised for forecasting - some professionals use the BaZi chart of the year, others look at the Flying Stars.

Cryptocurrency 08 Feb 2018 | 6:14 AM

Cryptocurrencies are like ponzi schemes, world bank chief says

WASHINGTON: The head of the World Bank compared cryptocurrencies to “Ponzi schemes,” the latest financial voice to raise questions about the legitimacy of digital currencies such as Bitcoin.

World 08 Feb 2018 | 4:08 AM

Factbox - Key points agreed in German coalition pact

BERLIN (Reuters) - German Chancellor Angela Merkel's conservatives and the centre-left Social Democrats (SPD) reached agreement on Wednesday on the policy platform for a coalition government, but the SPD's roughly 464,000 members still have a chance to veto the deal.

Cryptocurrency 08 Feb 2018 | 12:00 AM

Get ready for most cryptocurrencies to hit zero, warns Goldman

HONG KONG: The tumble in cryptocurrencies that erased nearly US$500bil of market value over the past month could get a lot worse, according to Goldman Sachs Group Inc’s global head of investment research.

Corporate News 07 Feb 2018 | 12:59 PM

Sex businesses find willing partners in cryptos

Freedom from complications has some adult companies cheering the swell of digital currencies, including Bitcoin and Ethereum, and the rise of digital-payment tokens, which could help them skirt skeptical intermediaries and allow customers to make direct payments.

Cryptocurrency 07 Feb 2018 | 12:00 AM

Vault for crytpocurrencies

TORONTO: VersaBank Inc, a tiny Canadian lender led by a tech-savvy CEO with a penchant for planes and classic motorcycles, is building a virtual safety deposit box for cryptocurrencies and other digital assets.

Cryptocurrency 07 Feb 2018 | 12:00 AM

Bitcoin slumps below US$7,000

HONG KONG: Bitcoin continued its 2018 swoon as worries over tightening regulatory oversight of cryptocurrencies combined with a broader flight from riskier assets to send it to the lowest since November.

Cryptocurrency 06 Feb 2018 | 4:22 AM

Bitcon slump continues, hits low of US$6,190

KUALA LUMPUR: Bitcon extended its decline on Tuesday, slumping to a low of US$6,190 as governments sought to further restrict cryptocurrencies.

Cryptocurrency 06 Feb 2018 | 12:00 AM

Bitcoin’s big wipeout erased US$46bil of value last month

HONG KONG: Bitcoin is proving that cryptocurrencies can erase wealth as fast as they create it.

Business 06 Feb 2018 | 12:00 AM

US asset managers shake up equity research as banks cut back

NEW YORK: As new rules spur Wall Street banks to further shrink their research budgets, US asset management firms are shoring up in-house research, and reinventing the stockpicking business in the process.