China moves to shut down cryptocurrency exchanges

BEIJING – Chinese regulators are taking steps to shut down the country’s cryptocurrency exchanges and ban trading of digital cryptocurrency to rein in financial risks. All Beijing-based cryptocurrency exchanges had to halt new user registration by midnight on Sept 15 and publicly notify users when they formally close, according to …

Read More »

Barbarians at the monetary gate

Central banks must act now to rein in the very real threats that private cryptocurrencies pose One factor could further destabilize an already tenuous system based on leverage and liquidity: digital currencies. Policymakers have far less control in this realm than they do elsewhere. The concept of private cryptocurrencies was …

Read More »

Why China declared bitcoin a spent force

By putting restrictions on the trading of the online crypto-currencies generically known as bitcoin, China appears to have moved ahead of the curve. In the first week of this month, the People’s Bank of China, the country’s central bank, and other financial authorities banned organizations and individuals from raising funds …

Read More »

Argentina increases 2024 dollar bond issuance

BUENOS AIRES, Aug 4 (Reuters) – Argentina increased its dollar-denominated Bonar 2024 sovereign bond issuance by $4 billion on Friday, the second time it has increased the bond in a little over a month. President Mauricio Macri’s government will sell $2.7 billion of the bond to Nomura Securities Internacional Inc., …

Read More »

Croatian utility sells 2nd tranche of local bond

ZAGREB, June 29 (Reuters) – Croatian utility Zagrebacki Holding on Thursday sold a second tranche of its seven-year bond worth 500 million kuna ($76.92 million) at a yield of 3.5 percent to maturity, the arrangers said. The bond altogether amounts to 2.3 billion kuna. The first tranche, worth 1.8 billion …

Read More »

Rising bond yields dent Europe’s “bond proxy” stocks

* Safe-haven stocks losing their appeal amid recovery * Consumer staples index down 7 percent since June * Bond yields make banks, real estate more appealing By Abhinav Ramnarayan and Kit Rees LONDON, Aug 2 (Reuters) – The prospect of higher interest rates and stronger global growth is tempting investors …

Read More »

Russia’s MICEX-RTS stockmarket picks IPO banks-IFR

MOSCOW, Feb 21 (Reuters) – Russia’s newly merged MICEX-RTS stock exchange has selected banks to handle its up to $1 billion share float, giving top roles to the country’s two largest banks, Sberbank and VTB, IFR reported on Tuesday. The pair will work together on an initial public share offering …

Read More »
error: Content is protected !!