6
May
Posted by Emvertex

The dollar was slightly stronger against major rivals sterling and the euro after a U.S. economic report. U.S. industrial production fell 0.1 percent in March after economists had expected a 0.1 percent gain. Meanwhile, the national association of home builders' (NAHB) sentiment index for April rose 1 point to 63 on Tuesday, in line with expectations, according to the Econoday survey. Currency analysts said the synchronized rise in global stock indexes was a sign of increased appetite for risky assets,…

Continue reading
15
Apr
Posted by Emvertex

As us trade talks with China draw to a close, the us has turned its trade focus to Europe, proposing tariffs on $11bn of eu imports in response to longstanding eu subsidies for aircraft maker Airbus. The European Union hit back, saying the us figure was "overblown" and was prepared to retaliate, raising transatlantic trade tensions again. The United States trade representative (USTR) on Thursday proposed tariffs on $11 billion worth of European Union imports, including commercial aircraft, cheese and…

Continue reading
2
Apr
Posted by Emvertex

According to recent data released by the international monetary fund (IMF), the proportion of RMB assets held by central Banks in foreign exchange reserves rose to 1.89% in the fourth quarter of 2018, surpassing Australian and Canadian dollars and the highest level since the IMF reported RMB reserve assets in October 2016. According to the latest quarterly data on the composition of official foreign exchange reserve currencies released by the IMF, as of the fourth quarter of last year, RMB…

Continue reading
1
Apr
Posted by Emvertex

Metropolises that have seen property prices tumble as a result of the global economic slowdown are attracting attention.If the downward trend continues, it could reduce the willingness of homeowners to spend.Then there is the fear of financial chaos. The median price of a Manhattan apartment in central New York fell 5.8% to $999,000 in the fourth quarter from a year earlier, the first time it has fallen below the $1 million mark since the third quarter of 2015 (July to…

Continue reading
18
Mar
Posted by Emvertex

Deutsche bank and commerzbank, Germany's two largest private Banks, announced today that they are in merger talks. The historic merger, despite government support, leaves open the question of whether it will create internationally competitive big Banks. Germany's financial industry was deeply hit by the global financial crisis in 2008. Deutsche Bank, the largest Bank, suffered a series of losses in recent years and broke out in the money laundering scandal. After tens of thousands of job cuts at Commerzbank, which…

Continue reading
11
Mar
Posted by Emvertex

Radical tax proposal by the New Economics Foundation backed by shadow chancellor The tax-free personal allowance, which rises to £12,500 in April, should be scrapped and replaced with a flat payment of £48 a week for every worker, according to radical proposals welcomed by shadow chancellor John McDonnell. The proposal, from the New Economics Foundation thinktank, is for a £48.08 “weekly national allowance,” amounting to £2,500.16 a year from the state, paid to every worker over the age of 18…

Continue reading
25
Feb
Posted by Emvertex

The dollar was little changed as the minutes of the fed's January meeting maintained a "dovish" tone, indicating flexibility on whether to raise interest rates and considering a possible end to its tightening soon.Despite recent optimism about the outcome of the u.s.-china trade talks, franklin said there is still some safe-haven demand for the dollar as the March 1 deadline approaches, but the fed will continue to favor a dovish tone and limit dollar moves. U.S. President Donald trump signaled…

Continue reading
15
Feb
Posted by Emvertex

Philip Lane, the governor of the Central Bank of Ireland, has received support from the finance ministers of the eurozone to become the new chief economist of the European Central Bank. Lane was the only candidate that was proposed for the job and his position will be confirmed by the leaders of the European Union at a meeting that is scheduled to be held next month. Lane is 49 years old. He will be taking the place of Peter Praet,…

Continue reading
13
Feb
Posted by Emvertex

ASMX, the blockchain based solution to trade private debt, is taking Peer to Peer (P2P) lending platforms to the next level by connecting lending and borrowing communities around the world. Embracing new technology to connect people Recently admitted on to the Gibraltar Blockchain Exchange, ASMX is well underway with developing the innovative blockchain technology with the ability to be seamlessly integrated into existing lending platforms. ASMX aims to enhance a multi-million trading and online lending ecosystem. Currently, regulations specific to…

Continue reading
19
Dec
Posted by Emvertex

Both personal and payday loans aim at helping you paying for purchases or expenses that you cannot afford otherwise. Both of them allow you to fulfill your need for extra cash. So, when you are in urgent need of money for any purpose, you can look for either of these loan options. Now, the question is, which one is better? We’ll discuss this question in this article. Let’s start with personal loans- Personal loan comes under the category of unsecured…

Continue reading