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CHINA'S currency traders are much less worried about the prospects of a global economic recession than their colleagues trading the S&P 500 or the Brazilian real.
NEW YORK: Alex Manzara’s normal routine involves helping clients prepare for what’s coming next in markets.
LONDON: U.S. Treasury Secretary Steven Mnuchin said he had learnt the hard way to be guarded in his comments on the dollar after roiling financial markets in 2018 by breaking from the usual language about the currency.
Facebook Inc’s Libra cryptocurrency starts 2020 looking no closer to release, with authorities in its base in Switzerland raising fresh questions about its suitability as a global currency.
Financial technology startups will enter the next decade with a little more street cred than the last time around.
LONDON: The 21st century's teen years, bookended by a financial crisis at the start and the fintech revolution at the end, were a decade of disruption. From negative borrowing costs to bitcoin, here are ten trends that have upended traditional economic and investment models in the past decade:
A former trader launched a non-profit that aims to turn cars into rolling wallets able to autonomously make and receive payments in a virtual currency.
SYDNEY: The Australian and New Zealand dollars stayed in tight ranges with global currency markets in a wait-and-see mode ahead of interest rate decisions by major central banks
Facebook Inc.’s idea of a global cryptocurrency may get demoted to something more humble. You can almost hear a collective sigh of relief from Asian central banks.
Facebook faces a rough road ahead with Libra, but defections by high-profile partners are still unlikely to spell the end for the digital currency.