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EU markets agency warns new crypto coins could prove worthless

11 months, 3 days ago
FRANKFURT: Europe‚Äôs top markets regulator has warned investors about the pitfalls of buying newly issued crypto coins, an experimental and unregulated form of online crowd funding particularly used by start-up businesses. The European…

Oil soars on OPEC hopes, dollar renews its surge

1 year, 10 months ago
LONDON: Oil jumped more than 6 per cent and the dollar, US bond yields and stocks all pushed higher on Wednesday as signals from OPEC suggested the group was closing in on a deal to cut production. Combined with fresh concern about…

World Bank arm for poorest enters capital markets

2 years, 23 days ago
WASHINGTON: The arm of the World Bank serving the poorest countries has received its first-ever public credit ratings, allowing it to borrow on international capital markets, the global lender announced Thursday.

Nintendo shares plunge on Pokemon Go warning

2 years, 2 months ago
TOKYO, JAPAN: Shares in Nintendo plunged Monday after it warned that the Pokemon Go mania sweeping the world would not translate into bumper profits, taking the wind out of a dizzying rally that saw the firm's value more than double.

Global markets lose $2.1 trillion in Brexit rout

2 years, 3 months ago
LONDON: Britain's shock vote to pull out of the European Union wiped $2.1 trillion from global equity markets Friday as traders panicked in the face of a new threat to the global economy.