ICTA and Central Bank thinking in bitcoin
The Information and Communication Technology Agency (ICTA) and the Central Bank are together looking at the possibility of introducing cryptocurrencies such as bitcoin to the country’s financial system, a top state ICT official revealed. Managing Director ICTA Muhunthan Canagey, addressing…
Can China Cope With the Stampede From Its Currency?
This article first appeared on the Council on Foreign Relations site. Last summer, U.S. lawmakers were condemning China for pushing down its currency, arguing that it was still “terribly undervalued.” But those days may be long gone. Chinese and foreigners…
George Soros: EU Is Set To Disintegrate, And The Only Way Russia Can Survive Is Ensuring That Happens Quickly
Well one thing you can give George Soros credit for – when it comes to politics you want to be on his side and not against him. Soros has a knack for really angering countries which goes back many decades….
What’s behind the global stock market selloff?
What’s behind the global stock market selloff? Global stock market are on their shakiest footing in years. Investors are fleeing stocks and running to safe-havens like bonds and gold, driven by concerns about economic growth the effectiveness of central banks’…
Banks resort to negative interest amid market collapse
NEW YORK – After a mid-day decline on Thursday that topped 350 points, the Dow rebounded in late afternoon trading to close down 254.56 points at 15,660.18, off 1.60 percent. The news of the day came from Federal Reserve Chairman…
Deutsche Bank Stock: Is This Company the Next Lehman Brothers?
Deutsche Bank Stock: Is This Company the Next Lehman Brothers? This Is a Big Problem for Deutsche Bank Stock Deutsche Bank AG (USA) (NYSE:DB) was trading more than seven percent higher on February 10. Deutsche Bank stock found some oxygen…
Here Come the Money Helicopters!
Here Come the Money Helicopters! For the last eight years, we have seen nothing but absurd and unproductive central bank policies. But hang onto your hat: There are plenty more where those came from! The post Here Come the Money…
Top Broker Says China Crisis ‘Could Exceed 400 Percent’ Of 2008 Crash
Renowned hedge fund manager Kyle Bass told his investors the Chinese banking system is a “ticking time bomb.” His hedge fund, Hayman Capital Management LP, is betting billions on the Chinese yuan and Hong Kong dollar nosediving soon, according to…
The Internet Of Things: Why Success Lies In Services
The Internet Of Things: Why Success Lies In Services The Internet of Things is a fast-growing phenomenon in which formerly dumb devices get chips and sensors to become smart gadgets, connected to a network as part of various cyber-physical systems….
The Executive Pay Cap That Backfired
This story was co-published with the Washington Post. Wealth, jobs and pay inequality are big political issues this presidential primary season, and they’re bound to become bigger once the parties pick their nominees. In the plethora of plans candidates tout…