Although gold has consolidated above $1,100 an ounce Tuesday, its recent plunge is still a fresh memory which hardly promises a surge in the short-term. Analysts, however, do not consider the recent decline to linger...
The metals sector rebounded Tuesday with gold consolidating above $1,100 an ounce as investors saw a cheaper gold as a buying opportunity...
In recent days, oil prices have undergone something like a perfect storm with the Greek crisis, Iran nuclear deal, strong dollar as well as Saudi production - all weighing on this commodity. However, several banks are not in a hurry to change their upbeat outlook. Let us have a look...
On Tuesday sterling was higher against the U.S. dollar after robust U.K. data. The gains were capped, however, as the greenback is buoyed by the Fed rate hike expectations. Meanwhile, Greek developments point to the country's recovery which supports the euro...
West Texas Intermediate oil fell below $50 a barrel and gold traded near a five-year low after a selloff that has pushed commodities to the lowest level in 13 years. The greenback was sharply higher against the euro, while Spanish and Italian bonds climbed...
On Tuesday the Australian dollar dropped in Asia after the Reserve Bank of Australia suggested the currency should weaken further...
Greece Repays ECB on Day of Debt Deadline as Banks Reopen Doors The European Central Bank and the International Monetary Fund both confirmed receipt of money owed, and a Greek Finance Ministry official said earlier that the country ordered payments to both those institutions and its central bank...
On Monday Treasury yields edged higher paring last week's losses as falling commodity prices and recent U.S. economic data pushed investors to turn to bonds...
Stock market in the U.S. was boosted by robust earnings reports and optimism about Greek developments. Better than expected quarterly results from Halliburton and Morgan Stanley which came out before the open bell Monday also backed the market...
BitSpark has been selected to join the Accenture’s FinTech Innovation Lab Asia Pacific 2015 The program, created by world renowned technology and consulting company Accenture, is aimed at inviting the best financial technology startups to be incubated by world’s leading financial institutions...
On Monday the rout in commodities deepened with prices approaching the lowest close since 2002 as the prospect of higher U.S. interest rates sent gold to a multi-year trough...
On Monday Cable was almost unchanged with the pound slightly lower against a stronger greenback. Expectations for soon rate hikes in the U.S. and the U.K. buoy the both currencies...
Monday marked a ninth straight session of gaining for European stocks which were driven by the Greek relief, as the cash-strapped country is now expected to repay loans to creditors...
Gold dropped 2.4% Monday as upbeat economic data spurred fresh expectations that the Fed was on track to raise short-term interest rates later in the year...
Greek banks reopened Monday after a three-week shutdown. However, investors remained cautious over the finalizing of the bailout, which sent EUR/USD to two-month lows. Meanwhile, gold has hit a five-year low with investors weighing the possibility of higher interest rates in the U.S...
France's president Francois Hollande departs following all-night Greek bailout talks in Brussels on July 13, France’s Hollande Proposes Creation of Euro-Zone Government French President Francois Hollande said that the 19 countries using the euro need their own government complete with a budget an...
Greek banks to reopen Monday but cash restrictions remain As talks begin on third massive bailout for ailing eurozone member, fears of devastating bank runs remain ATHENS, Greece (AP) — Greek banks are reopening Monday after a forced 3-week closure but restrictions on cash withdrawals will remain...
Zinger (startup initially servicing the Canadian-Filipino remittance corridor) announced partnership with Coins.ph to provide instant remittance to the Philippines. The sent Bitcoin can be cashed out at a range of Philippines locations. Lorne Lantz, CEO of Zinger, said he came onboard with Coins...
After The Iran Deal To Sweeten Oil prices dropped further in Asia on Tuesday, amid signs the deal soon between Iran and Western powers that would enable Iran crude oil flows back to the global market is already saturated. A strong u.s...
