Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170 billion. But as Kate King reports, mainstream institutional investors are steering clear, taking the view that it is too lightly regulated, too volatile and too illiquid to risk investing other people’s money in. Continue reading
Anglo American will sell more assets, suspend dividends until the end of 2016 and whittle down its business divisions to three from six. As Hayley Platt it’s the mining company’s response to severe commodity price falls. Continue reading
China’s central bank cuts interest rates and simultaneously relaxes reserve requirements for the second time in two months.
(Reuters Business Report) – They traded everything, from corn and soybeans to crude oil futures, shouting orders and making trades. But for Chicago futures traders, as of Tuesday morning, the floor of the CME will be quiet. Open outcry ended at the closing bell on Monday, capping a 167 year run in the city where it was born.
(Reuters Business Report) – By now, you’ve probably heard that China’s stock market is swinging wildly.
Sparking panic as one of the world’s biggest economies experiments with a free market.
But what exactly is behind all of the uncertainty?