The Dow plunges over 550 points, likely due to worry regarding rising interest rates and a conversation on a conference call from bellwether Caterpillar that claimed this year may end with slow growth. The Dow Jones industrial average was 584...
China the world’s second-largest oil importer, imports roughly 8m barrels per day, is planning to launch a yuan-denominated oil contract which could spell the end of dollar dominance globally.
All of the discussions surrounding North Korea as of late brings about the question is it propaganda or is the crisis unfolding before our eyes.
https://api.spreaker.com/download/episode/7894393/smartphones_to_replace_cards_at_bank_machines.mp3 America is on it's way to becoming a cashless society. Here's another use for the smartphone as it invades daily life: in place of your debit card at your bank cash machine. The "cardless" automatic teller machine (ATM) is gaining...
Americas justice system abolished debtors prison in the 1800’s, but their recent actions lead us to question the legality of the establishment. Americans are clueless to the fact that all across this country the private sector is now arresting...
https://api.spreaker.com/download/episode/7831761/financial_institutions_on_high_alert_for_major_cyber_attack.mp3 A major financial institution is likely to be hit by significant cyber criminal activity in 2016, according to the latest ThreatMetrix Cybercrime Report. Analysis of more than 15 billion transactions in the past 12 months by the ThreatMetrix Digital Identity...
GET ACCESS GO EXCLUSIVE The I.M.F. decision will help pave the way for broader use of the renminbi in trade and finance, securing China’s standing as a global economic power. But it also introduces new uncertainty into China’s economy and...
The International Monetary Fund has decided that on November 30th, 2015 they will attempt again to include the Yuan into the elite currency basket. The decision is not final, yet. However Christine Lagarde, the mouthpiece, stated that she supports...
Carnage... This leave China's CSI-300 broad stock index futures up just 7% year-to-date... *CHINA CSI 500 STOCK-INDEX FUTURES FALL BY MAXIMUM 10% LIMIT *CHINA CSI 500 STOCK-INDEX FUTURES FALL BY LIMIT FOR 2ND DAY *SHANGHAI COMPOSITE INDEX EXTENDS DROP TO 7.5% *SHANGHAI COMPOSITE...
As it becomes public knowledge that the IMF has followed the BIS with a warning to brace for a global "liqudity shock", it has become apparent that banks are already taking quick action. It was a liquidity shock in...
FRANKFURT, Germany (AP) — Greece wants a break from the terms of its eurozone bailout loans, saying they're suffocating its economy. Germany, the biggest backer of two bailouts worth 240 billion euros (currently $271 billion), says Athens must pay what...