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Monthly archive February, 2018

German, French FinMins & CB Chiefs Seek G20 Action On Cryptocurrencies

German and French finance ministers and central bank governors have sought joint action by the G20 group of advanced and developing countries to tackle the risks posed by cryptocurrencies, reports said Friday. In a letter to the finance minister of Read More →

U.S. Wholesale Inventories Rise More Than Expected In December

A report released by the Commerce Department on Friday showed wholesale inventories in the U.S. increased by more than anticipated in the month of December. The Commerce Department said wholesale inventories rose by 0.4 percent in December.Original Article Read More →

US Government Officially on Shutdown; Market volatility continues

The US senate failed to pass a spending bill by Thursday and consequently the US is once again suffering a government official shut down as the legislative gridlock continues. Some government agencies are expected to run out of money. However Read More →

Survey Shows 20% Cryptocurrency Owners Used Credit Cards

About a fifth of cryptocurrency owners bought the currency using their credit cards, according to a survey conducted by cryptocurrency news service CoinDesk. The survey among 3,000 people revealed that about 20 percent of the respondents were desperate enough to Read More →

Dollar supported as European shares slide

Federal Reserve policymakers are likely to stay the course and raise key short-term interest rates three times this year, market analysts said.

Reuters reported that the latest market sell-off in equities, “wiped out $4 trillion in value from record Read More →

European Economics Preview: Bank Of England Set To Hold Rates

Interest rate announcement and inflation report are due from the Bank of England on Thursday, headlining a busy day for the European economic news. The central bank is widely expected to hold its key bank rate at 0.50 percent and Read More →