Feb 25, 2015

Islamic State using bitcoin, officials suspect

Islamic State is likely using the bitcoin virtual online currency as a tool to secretly raise funds and settle transactions, a diplomatic source said Tuesday, quoting officials in the U.S.-led coalition against the group. Members of the coalition worry that the use of bitcoin, ...

China calls shots in currency war

Feb 20, 2015

China calls shots in currency war

As fears of a global currency war grow, all eyes in Asia are on whether China will devalue its currency to avert a sharper economic slowdown. The urgency with which Asian central banks are cutting interest rates is an indication of not just the ...

Feb 14, 2015

Japan, South Korea will let 14-year currency swap pact expire

The government plans to terminate a 14-year-old currency swap arrangement with South Korea amid ties soured by territorial and historical clashes, informed sources said Saturday. Under the accord, originally agreed in 2001, each side can obtain dollars by providing its own currency to the ...

Tsipras halts privatization, throwing down gauntlet to Greece's creditors

Jan 29, 2015

Tsipras halts privatization, throwing down gauntlet to Greece's creditors

Left-wing Greek Prime Minister Alexis Tsipras launched an open challenge to international creditors on Wednesday by halting privatization plans agreed under the country’s bailout deal, prompting a third day of heavy losses on financial markets. A swift series of announcements signaled the newly installed ...

Got a spare billion? Bankers keen to help

Jan 26, 2015

Got a spare billion? Bankers keen to help

The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers. Traditionally focused on companies and institutions, investment banks are hiring staff and reorganizing teams to cater to wealthy clans, from Chinese multimillionaires to old ...

What happened to the Swiss franc?

| Jan 17, 2015

What happened to the Swiss franc?

One of the world’s safest investments — the Swiss franc — has swung wildly this week after the central bank in Switzerland announced it would scrap its policy of limiting the rise of the currency. It may seem like an arcane move, but it’s ...

Jan 16, 2015

Casualties from Swiss shock spread from New York to New Zealand

Casualties mounted from the Swiss currency shock as a U.S. online brokerage said client debts threatened to push it out of compliance with capital rules and a New Zealand-based dealer went out of business. FXCM Inc., a New York-based company that offers foreign exchange ...

Jan 13, 2015

Japan posts fifth straight current account surplus in November

Japan posted a current account surplus for the fifth consecutive month in November as a weaker yen helped boost repatriated returns on foreign investment, official data showed on Tuesday. The surplus was ¥433.0 billion for the month, reversing a deficit of ¥596.9 billion a ...