In the run-up to the 2016 U.N. climate summit, a number of countries were considering climate policies.Some were committed to a global emissions cap, others to a cap-and-trade system.But it’s unclear how these proposals would affect the climate in the U.S.A group of activists are taking the reins of a new global climate movement.They call […]
Bitcoin futures rose to a new high Wednesday, rising to $16,500 per bitcoin.The price of one bitcoin has risen more than 500% in the past 12 months.The new highs mark a record for futures trading and represent an extraordinary increase for the digital currency.The CBOE Volatility Index (VIX) has gained more than 17% over the […]
The currency in Indonesia is the Indonesian rupiah, but many expats are using Indonesian bank account to trade their dollars for the local dollar.The Indonesian government has made it a requirement for expats to use Indonesian bank cards to buy and sell dollars in an effort to encourage their trade with locals, and the Indonesian […]
Bank of American and Citigroup have agreed to end operations at 1,200 branches in the capital and to close a further 700 branches, the companies announced on Wednesday. The decision comes after Bank of Americans, the country’s second-largest bank, announced last week that it was closing its remaining branches in parts of London. Citi has more than […]
Foreign exchange markets have struggled for years, as investors have fled the global economic downturn.But, since the end of 2015, the S-share of the index has more than doubled to about 1.3% from around 0.5%.That has helped to drive prices higher, even as the S and P have traded below their long-term averages.The S&s has […]
Canada’s Trade Promotion and Investment Agency (TPA) is getting a lot of attention for its new foreign exchange policy.But it’s really not about that at all.Trade Promotion is about promoting exports and helping the economy grow.That’s the central premise behind Trade Promotion, and it’s one of the key pillars of the Trudeau government’s strategy to […]
Japan’s gross domestic product (GDP) in the third quarter of this year was up by 1.3%, or 0.8%, on the same period last year.That’s a 1.6%.That is, it is faster than the 1.1% growth in the first quarter.The pace of economic growth will be boosted by the government’s plan to reduce subsidies and cut interest […]
The Canadian government announced on Thursday it would begin offering foreign exchange programs for students in 2018, a move that comes as the country grapples with a high unemployment rate and a lack of foreign exchange income.The announcement came as Canada continues to grapple with a rising unemployment rate, which has nearly tripled since the […]
Foreign exchange and investment are surging in New York, and investors are buying homes and apartments, but there’s no sign of a housing bubble.Bloomberg Businessweek reported on Tuesday that foreign exchange and interest rates fell last week and have not been higher since March, making it unlikely that a bubble will emerge anytime soon.The benchmark […]
London is bracing for another round of turmoil as the pound plunges further.The Bank of England will issue another warning about the currency this week as it struggles to keep the pound’s value at around $1.60 an ounce, the lowest level since the financial crisis.The move is seen as another warning from the central bank […]