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Monthly archive June, 2018

Philippine Central Bank Hikes Key Rates

The Philippine central bank on Wednesday raised its benchmark interest rate for the second straight month as inflation remains above the target. The Monetary Board of the Bangko Sentral ng Pilipinas, led by Governor Nestor Espenilla, raised the key interest Read More →

Goldman Sachs CEO Blankfein: Bitcoin ‘Is Not For Me’, But May Succeed

Lloyd Blankfein, chief executive officer of the investment banking giant Goldman Sachs, said he is not into cryptocurrencies and was at a loss to explain why they should be successful as an asset class. In an interview at the Economic Read More →

Asian equities mixed ahead of Opec & partners meeting; GBP in support while USD close to flat for the week

The losing streak continues for US major indices as ongoing trade wars weigh onto broader investor sentiment. With the US threatening to apply tariffs on $200 billion worth of Chinese goods, this week performances have been pressured lower.

The Read More →

Cryptocurrency Daily Roundup – Jun. 20

Cryptocurrencies are deep in red Wednesday morning after market sentiment was hurt by the news that the South Korean crypto exchange Bithumb announced that over $30 million worth of coins were stolen in a hacking incident. Overall cryptocurrency market cap Read More →

New Zealand GDP Gains 0.5% On Quarter, +2.7% On Year In Q1

New Zealand's gross domestic product expanded 0.5 percent on quarter in the first three months of 2018, Statistics New Zealand said on Thursday.Original Article Read More →

U.S. Existing Home Sales Unexpectedly Drop 0.4% In May

Existing home sales in the U.S. unexpectedly decreased in the month of May, according to a report released by the National Association of Realtors on Wednesday. NAR said existing home sales fell by 0.4 percent to an annual rate of Read More →