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China denies report it could halt US bond purchases

Bejing - China denied on Thursday a report that it may slow or cease its purchases of US Treasury bonds, calling it a possible case of "fake news" after the dollar tumbled following the story.

China denies report it could halt US bond purchases

Bejing - China on Thursday denied a report that it may slow or cease its purchases of US Treasury bonds, which sent the dollar falling.

Bitcoin makes muted stock exchange debut at $15,000

New York - Cryptocurrency Bitcoin made its debut on a major bourse Sunday, opening at $15,000 per unit at the Chicago board options exchange.

Bitcoin futures launch sparks excitement, warnings

New York - Bitcoin will make its debut on a major exchange Sunday, a landmark for the cryptocurrency that has generated enthusiasm among some investors and more than a little anxiety from others.

Bitcoin hits new records, heads for $10,000 as bubble fears grow

Singapore - Bitcoin soared to fresh records Tuesday, putting it on course for $10,000, but the virtual currency's stratospheric rise has fuelled fears of a bubble after a 10-fold increase this year.

Bank of England seen hiking rate for first time in decade

London - The Bank of England, battling Brexit-fuelled inflation rises, is set Thursday to lift its key interest rate for the first time since 2007, according to analysts.

Bank of England set to hike rate on Brexit effects

London - The Bank of England, on guard against soaring Brexit-fuelled inflation, is on the precipice of lifting its key interest rate Thursday for the first time since 2007, according to analysts.

Chinese investors bemoan Beijing's bitcoin crackdown

Bejing - Beijing's decision to shut down bitcoin trading platforms has left investors scrambling to cut their losses and threatens to deprive the crypto-currency of a crucial market."The authorities don't understand anything about bitcoin!

'Thanks Brexit': Pound nears euro parity

London - The Brexit-hit British pound threatens to reach parity with the euro -- and is already worth less than the European single currency for many travellers seeking to exchange cash at airports.

Malaysia probe targets resurgent ex-PM Mahathir: opposition

Kuala Lumpur - Malaysia on Tuesday opened an inquiry into huge losses by the central bank more than two decades ago, a move the opposition says is aimed at derailing ex-premier Mahathir Mohamad's efforts to oust the government.

Strong euro worries Europe's exporters, but little risk to growth

Paris - Some European exporters are beginning to worry about the strengthening euro which has rebounded from near parity with the dollar after Donald Trump's election, though analysts see little immediate risk to growth.

Venezuela devalues currency in crisis dollar sale

Caracas - Crisis-hit Venezuela devalued its currency by 64 percent in a dollar auction that aimed to stabilize its foreign exchange market, officials said Wednesday.

New York fines BNP Paribas $350 mn over fake currency trading

New York - New York state bank regulators fined BNP Paribas $350 million for "illegal, unsafe and unsound" currency trading practices that included use of secret hand signals to dupe customers, officials announced Wednesday.

Zcash, the virtual money making its mark

New York - Zcash, the latest virtual currency, has been a smash success since its launch seven months ago, drawing in new users with promises of unrivaled privacy protection.

Turkey's Erdogan equates lira fall to 'terrorism'

Ankara - President Recep Tayyip Erdogan on Thursday blamed a conspiracy aimed at weakening Turkey for the recent plunge in value of the lira, saying those who worked to pressure the currency were no different from a "terrorist".

US acting as global policeman for financial crimes

Washington - Handing out multibillion-dollar fines right and left to domestic and foreign financial giants, the United States has taken on the role of the unforgiving global cop of the business world.

Free weddings, gravestones in Turks' plan to boost lira

Ankara - Convert your hard currency to Turkish lira and you could enjoy a free wedding package, a meal and a loaf of bread. Or even a gravestone.

Asian markets slip as investors take step back

Hong Kong - Asian stocks turned negative Friday and oil prices retreated along with the dollar as investors took a step back from a recent rally, while caution set in ahead of a crunch referendum in Italy at the weekend.

Mexico braces for powerful winds of 'Hurricane Trump'

Mexico - Mexico's central bank chief warned back in September that a Donald Trump victory in the US election would hit his country like a powerful storm.

Turkish lira hits new historic lows after Kurdish party crackdown

Istanbul - Turkey's embattled lira on Friday plunged to new historic lows in value against the US dollar as markets took fright at a new crackdown against its main pro-Kurdish political party.

Bank Of England relaxes rules as Brexit risks 'crystallise'

London - The Bank of England on Tuesday relaxed commercial banks' capital requirements to boost lending to businesses and households, and warned that financial stability risks "have begun to crystallise" after Brexit.

Asia markets extend gains but Britain EU vote shreds nerves

Hong Kong - Asian markets edged up Tuesday but dealers remained cautious as the optimism over Britain's EU membership that drove a global rally faded, with the knife-edge referendum just days away.

Asian share rally runs out of steam as oil falls again

Hong Kong - Asia's share rally stalled Tuesday, as a boost from Wall Street was overshadowed by renewed weakness in the price of oil.

Pound takes hit in Asia on 'Brexit' fears

Toukyo - The pound dropped in Asian trading Monday, after news the mayor of London will campaign for Britain to leave the EU added to uncertainty over the country's future in the bloc.

Pound takes hit in Asia on 'Brexit' fears

Toukyo - The pound dropped in Asian trading Monday, after news the mayor of London will campaign for Britain to leave the EU added to uncertainty over the country's future in the bloc.

Argentine central bank chief resigns

Buenos Aires - The head of Argentina's central bank resigned Wednesday, four years before the end of his term, under strong pressure from president-elect Mauricio Macri.

ECB set to boost stimulus measures

Frankfurt - The European Central Bank is widely expected to step up efforts to kick start chronically low inflation in the euro area at a meeting Thursday, but analysts warn the measures could fall short of market expectations.

IMF approves China's yuan as elite reserve currency

Washington - The International Monetary Fund welcomed China's yuan into its elite reserve currency basket, recognizing the ascendance of the Asian power in the global economy.

Voting Argentines want big change for their dollars

Buenos Aires - "Change! Cambio, cambiooo!" chants a rhythmic voice on Calle Florida, a busy pedestrian shopping street in central Buenos Aires. "Dollars!"It is the day before a presidential election in Argentina, but this is not a cry for political reform.

ECB to keep gunpowder dry in Malta, despite deflation fears

Valletta - The European Central Bank looks set to keep its key rates steady and refrain from any additional stimulus measures at a meeting in Malta on Thursday, despite concern about chronically weak inflation, analysts said.
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