Tag Archives: back

Priority is to get economy back on track

PETALING JAYA: Suggestions are pouring in from stakeholders to the newly-formed Economic Action Council (EAC) on what can be done to get the country’s economic, financial affairs and welfare of the people on track. In welcoming the formation of the council, business communities and the public hope that their plight would be taken into consideration and addressed. In order to improve ... Read More »

Turkish lira pulls back from record low, markets rattled

FILE PHOTO: Turkish Lira banknotes are seen in this October 10, 2017 picture illustration. REUTERS/Murad Sezer/File Photo ISTANBUL (Reuters) – Turkey’s lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity and cut reserve requirements for Turkish banks, but its meltdown continued to rattle global markets. The currency ... Read More »

Markets Update: Digital Currency Market Bulls Push Back After Decline

Cryptocurrency prices are making some headway today after suffering from a bearish onslaught last week. Since our last markets update the digital asset economy has gained $26 billion over the last five days. The price of bitcoin cash (BCH) touched a high of $1,160 earlier today but now hovers around $1,140 per BCH. Bitcoin core (BTC) values reached $7,790 per ... Read More »

Chanda Kochhar, family’s links to Videocon group date back to at least 2001

Chanda Kochhar and six members of the Kochhar family held shares in a little-known firm called Credential Finance Ltd, along with Videocon group, at least as far back as 2001, regulatory filings show. Three of the Kochhars were also directors on the company’s board in 1995, when it was founded, though it’s not clear if Videocon held a stake in ... Read More »

Bitcoin soars to $19,000 then falls back to $16,000; banks raise risk concerns

Even by bitcoin standards, Thursday was a wild ride. With a few hours, the volatile digital currency surged above $19,000, dropped back below $16,000, and then see-sawed before settling in just above $17,000 late Thursday in the U.S. The wild swings happened just days before trading in bitcoin futures begins on a major U.S. exchange. Major banks took notice, with ... Read More »

Injuries Force Baker Back Into Loan Market

Injuries and the availability of players over the next month have led to Neil Baker, manager of Evo-Stik League South club Leek Town, dipping into the loan market once again for cover. The club have signed highly-rated midfielder Mike Calveley from SkyBet League Two side Port Vale. Calveley signed a one-year professional contract in May, following an impressive year with ... Read More »

Stocks could see more new highs before a significant pull back

Bryan R. Smith | AFP | Getty Images The Wall Street Bull sculpture is seen in the Financial District on December 8, 2016 in New York. Stocks have the wind at their back, with catalysts in place for more new highs. The three major indices all closed at records Tuesday. The S&P 500edged to a high of 2496, a short hop ... Read More »

Australia economy back in the groove as full-time work rebounds

Australia’s labor market strengthened for a fourth month in June led by a remarkable comeback in full-time jobs — an upbeat outcome that could bring nearer the day when the country’s central bank starts considering a rate hike. The data will offer much-needed relief to the Reserve Bank of Australia (RBA) which has been fretting over a “mixed” jobs performance while ... Read More »

The head of the Federal Reserve believes opioid abuse could be holding back the US economy

Carlos Barria | Reuters Federal Reserve Chair Janet Yellen testifies before a Senate Banking Committee hearing on the ‘Semiannual Monetary Policy Report to the Congress’ on Capitol Hill in Washington, July 13, 2017. Federal Reserve Chair Janet Yellen just weighed in on the opioid crisis in the U.S. In her testimony before the Senate Banking Committee on Thursday, Yellen said rampant opioid abuse ... Read More »

Back to black: The vinyl business in India is far from dead

The vinyl business in India is far from dead. There are those who love vinyl enough to trudge to dusty vintage shops and dig through crates packed with old records to find that out-of-print album. The modern vinyl record came into the world post World War II, largely replacing the earlier 78 rpm shellac. And it almost immediately spawned crate-diggers ... Read More »