Search Results for: oil
China going cashless thanks to fintech boom
December 30th, 2016
Standing in line at a Starbucks in downtown Shenzhen, I suddenly realize that no one in front of me is paying with cash. They aren’t paying by credit card either. In fact, I can’t see a single customer holding a wallet or a ...
Euro zone corporate lending hits highest rate since 2009
December 29th, 2016
Bank lending to euro zone companies grew at the fastest pace since the end of the global financial crisis last month as the European Central Bank tries to stimulate the economy after years of anaemic growth. The figures suggest ...
These currencies got crushed in 2016
December 29th, 2016
A few countries have fared well, but others have seen the value of their currencies fall dramatically. Here’s a list of the currencies that have been rocked hardest in 2016: Egyptian pound: -59% Egypt took the radical decision to ...
The decline in global forex trading
December 29th, 2016
Few surveys chart financial history and the changing structure and activities in financial markets as well as the Bank for International Settlements’ Triennial Central Bank Survey of foreign exchange and over-the-counter derivatives. The 2016 Triennial survey covers the period ...
Job hiring in UAE picks up pace, to rebound in 2017
December 29th, 2016
After a prolonged slump, recruitment activity in the UAE started to pick up in the last quarter of the year, further strengthening expectations of a rebound in the job market in 2017. Recent online job postings show that the ...
Bitcoin Ends 2016 as the Top Currency as It Nears $1,000
December 29th, 2016
Raise your hand if you saw this coming: Bitcoin not only bounced back from its 2015 doldrums, but went on a tear that saw it climb around 120% from the start of the year. As of Wednesday afternoon, the ...
Dollar dips, Nikkei slugged by Toshiba selloff
December 29th, 2016
Asian shares were subdued on Thursday after Wall Street suffered a mild setback after weeks of gains, while a pullback in U.S. yields prompted year-end profit taking in the dollar. Japan’s Nikkei shed 1.3 percent as the yen firmed ...
Solicitors fined and suspended over role in investment scheme
December 28th, 2016
Three solicitors who became embroiled in a investment scheme in which there was a ‘significant risk of conflict’ have been suspended and ordered to pay more than £60,000 in costs. Michael John Davies, Clare Louise Taman and Charles Valentine Fraser-Macnamara ...
The dollar firmed against the yen
December 28th, 2016
Asia stocks followed Wall Street higher on Wednesday, while the dollar firmed against the yen following the release of upbeat U.S. economic data overnight. Crude oil prices held large gains on expectations of supply tightening once oil-producing nations implement ...
Ruble closing year as world’s best-performing currency
December 27th, 2016
The Russian ruble is expected to be one of the strongest currencies in the world this year with the Brazilian real only trading better against the dollar. Rising oil prices and growing interest from foreign investors despite sanctions are ...
