Category: Trade

A Chinese Ministry of Commerce spokesman said that trade teams from his country and the U.S. remain in close contact as Sunday’s deadline for higher tariffs approaches. Officials from China are expecting a delay to the measure to give more time to reach an interim deal, according to people familiar with the discussions. There may be some news on that...

Chile is one of the most prosperous and politically stable countries in Latin America, according to its president, Sebastián Piñera. In an interview with the Financial Times in October, Piñera affirmed: “Chile looks like an oasis because we have a stable democracy, the economy is growing, we are creating jobs, we are improving salaries and we are keeping macroeconomic balance.”...

The federal parliament of Germany has passed a bill that will allow banks to become custodians and merchants of cryptocurrency in 2020, German business newspaper Handelsblatt reported Wednesday. The move represents a bombshell milestone in adoption and could, in theory, make crypto as liquid as cash in the world’s fourth-largest economy. The new Bundestag bill mandates the deletion of a clause in the European...

Bitcoin hasn’t been doing too hot over recent months. Since peaking in June, the cryptocurrency has collapsed by some 50 percent, plunging from $14,000, the year-to-date high, to $7,400 as of the time of writing this article. This brutal drawdown unsurprisingly sullied the spirits of countless cryptocurrency investors, who thought in June that it was inevitable Bitcoin was to surpass...

ProgressPresident Donald Trump said yesterday that talks on a phase one trade deal with China were near completion, saying he is holding up the agreement to ensure the U.S. does better out of it. His comments follow developments this week showing progress in the talks, with Chinese officials saying consensus had been reached on properly resolving relevant issues. The impact...

Bitcoin is – simply put, a digital currency. The reason why we (and many others) think it is such a remarkable innovation is that this digital money is not controlled by any central authority. The Bitcoin network is completely decentralized, the currency itself is produced by a community, to which anyone can freely join. Bitcoin can be transferred almost freely...

Sweden’s central bank is looking into launching its own digital currency, it has revealed. If the e-krona is indeed launched, it would make the Riksbank the first major central bank in the world to have a digital currency. “The less those of us living in Sweden use bank notes and coins, the clearer it becomes that the Riksbank needs to...

For the first time in history, 1 Bitcoin is now worth more than an ounce of gold. As predicted, a bitcoin now, at least briefly, was worth more than an ounce of gold, reaching $ 1239.9 on the Bitstamp bitcoin exchange, while an ounce of gold cost $ 1238.67. The last time that a single bitcoin could have been worth...

Stay on top of the main 5 market news this Wednesday 01.03.2017 1. Indications of higher interest rates in March propels the dollar to a 7-week high.The dollar index, which measures the currency’s strength against a weighted basket of six major currencies, was up 0.4% to 101.72 in the morning trading session in New York. Earlier, it reached 101.79, the...

Expectation of market volatility ahead of President Trump’s speech on Tuesday, February 28. In a speech that will be watched by millions of viewers in the United States and around the world, the president must speak of his presidency and address pressing issues such as his health plans, the tax system, the military and his goals for his administration. President...