Friday, 28 January 2022

Tag Archives: trading

European banks brace for storm as coronavirus hits earnings

LONDON: European bank stocks are trading close their steepest-ever discount to US rivals and early signals show that first-quarter earnings may only reinforce the gap. The continent’s lenders, already in a tough spot before the coronavirus outbreak hit, are likely to detail more worrying news for their embattled investors. In ...

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Bank of England trims growth outlook, holds rates as Brexit looms

LONDON: The Bank of England trimmed its growth forecasts as Brexit approaches and froze interest rates – but warned it could alter monetary policy “in either direction” after Britain leaves the European Union. The central bank’s nine-strong Monetary Policy Committee (MPC) voted unanimously at a regular policy meeting to keep ...

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ASOS ups investment as sales grow 27 percent

LONDON: Online fashion retailer ASOS said it would step up its investment in logistics and distribution after reporting a 27 percent rise in first-half sales on Wednesday and forecasting similar growth in the second half. The British company, which targets twenty-something shoppers, reported retail sales of 1.13 billion pounds, and ...

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China Escalates Crackdown on Cryptocurrency Trading

LONDON: China is escalating its clampdown on cryptocurrency trading, targeting online platforms and mobile apps that offer exchange-like services, according to people familiar with the matter. While authorities banned cryptocurrency exchanges last year, they’ve recently noted an uptick in activity on alternative venues. The government plans to block domestic access ...

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South Korea Plans Cryptocurrency Trading Ban

SEOUL: The end is here for bitcoin in South Korea, it seems, Government of the Asian nation has officially decided to ban cryptocurrency trading. Police and tax authorities have reportedly been raiding local exchanges on alleged tax evasion charges. The news dropped the price of bitcoin overnight, as South Korea ...

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Bitcoin just smashed $7,000

LONDON: Just over 24 hours after it passed the $6,500 mark, bitcoin soared past another psychologically significant level this morning, rising above $7,000 (GBP 5294.8). The cryptocurrency hit $7,010 in mid-morning trading, up more almost four per cent, as it continued to climb following the announcement by US exchange operator ...

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London shares hit year’s high at end of 2016 trading

LONDON: London’s benchmark FTSE 100 index reached its highest level to date on the last day of trading for 2016. The move upwards was tiny – 22.5 points or 0.32% – but it left the FTSE at an unprecedented 7,142.83. The last trading day of the calendar year in London ...

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