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As Record Rally Makes Them A Target, Major Bitcoin Exchanges Hit By Cyber Attacks

The many challenges for the young digital currency world was highlighted by multiple cyberattacks on major bitcoin exchanges this week.   While worries that the largely unregulated cryptocurrency industry will be unable to manage the hype are being added to by record-breaking levels of...

There's One Big Problem For The Global Economy Even As It Is Rebounding

There’s a dark cloud building - one that in time could rain down volatility in global markets, behind the world’s best period of synchronous growth this decade among developed and emerging economies.   A deepening imbalance in the lack of new safe-haven assets as the world’s output expands...

Critics Attack as Financial Reforms Unveiled By U.S. Treasury

Many items on Wall Street's wish list could be granted if the sweeping plan by the U.S. Treasury Department, unveiled on Monday to upend the country's financial regulatory framework, is successful.   Treasury Secretary Steven Mnuchin said in an interview that more than 100 changes, most of...

After Apple Shares Downgraded, Big Tech Stocks Likely To Be Under Pressure Again

Global shares and big technology shares were likely to come under pressure again on Monday after Apple shares were downgraded following a drop in big technology stocks Friday caused the Nasdaq composite to post its worst week of the year.   Saying the best case scenario is priced into the...

Qatar Impact On Oil 'Insignificant', Says Saudi Energy Minister Khalid A. Al-Falih

Saudi Arabia's Minister of Energy, Industry and Mineral Resources, Khalid A. Al-Falih, said in a TV interview that the Saudi-led effort to isolate Qatar won't impact the price of oil much.   "Within the energy markets, there is no change," Al-Falih said on the sidelines of meetings in...

Lobby Group Says $100 Billion Fintech Race In Asia Hobbling Due To Hong Kong, Singapore Rivalry

A financial lobby group has warned that the rivalry among the region's financial centers that has created regulatory complexity and uncertainty, is undermining Asia's competitiveness in fintech.   The Asia Securities Industry and Financial Markets Association (ASIFMA) said in a report on...

Foray Into Energy Market With Mega Battery Planned By Renault

In the hope of giving electric car batteries a second life in a project that could eventually compete with utility companies, Renault-Nissan is drawing up plans to build a 100 megawatt power storage plant in Europe, reports Reuters.   While encouraging the development of energy...

Anxious Markets Soothed By European Bank Bailout

Within financial markets that are dominated by caution ahead of a trio of major events on Thursday, the smoothly executed rescue of Spain's struggling Banco Popular prodded European banking stocks higher on Wednesday.   Made barely a ripple in Europe's stock and debt markets, and the first...

Worries Middle East Rift Will Undermine Output Cuts Results In Slide In Oil Prices

Hit by concerns that a political rift between Qatar and several Arab states would undermine an OPEC-led push to tighten the market, there was a fall for the third continuous day in the global oil prices.   Traders said that benchmark crude prices were also dragged down by persistent gains in...

Rising Pork Demand In China – Including Feet, Elbows And All, Sees Canada Beating U.S. In Pork Sales To The Country

Even as farmers and meat packers in both nations battle for lucrative shares of the biggest global market, Canada has overtaken the United States as the top North American supplier of pork to China.   After a sharp rise last year, in the first quarter of 2017, Canada's pork sales to China...

As U.S.Climate Withdrawal Compounds Glut Concerns, Oil Slides

Based on worries that U.S. President Donald Trump's decision to abandon a climate pact could spark more crude drilling in the United States, worsening a global glut, global brent crude tumbled below $50 on Friday, heading for a second straight week of losses.   Down $1.49 from the previous...

New Oil Order Heralded By Saudi-Russia Detente

Volumes about the new relationship between the energy superpowers were expressed by a meeting between the two men who run Russia and Saudi Arabia's oil empires.   Going beyond the numerous times they had simply encountered each other at oil events around the world, it was the first time that...
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