Following closer regulatory scrutiny on cryptocurrencies and announcement by Google about banning virtual currency ads, there was a sharp fall in the prices of major cryptocurrencies on Thursday.   According to Coinmarketcap.com, which tracks prices based on different exchanges, the market...

As the cloud of uncertainty around the launch of the largest ever IPO ever of Saudi Aramco and the recent crackdown on corruption in Saudi Arabia clears, investors are committing millions of dollars in the kingdom.    According to EPFR Global, a financial market data provider, beginning...

Goldman Sachs Asset Management considers shares of developing countries the best option for investment after the February fall in the value of assets, writes Bloomberg. Unlike previous cases of market correction, when developing countries watched a large outflow of capital, customers invested more...

Experts at Allianz Global Investors are of the opinion that it is just a matter of when the Bitcoin bubble will burst and it is no more a question of if it will burst as many have been trying to project.   The investment wing of the biggest insurer of Europe said that even as significant...

The UK regulator (FCA) granted Coinbase a license to work with electronic money. This allows the company to provide payment services and issue digital alternatives to cash, which can then be used to make card, Internet or phone payments. One of the largest crypto-currency exchanges in terms of...

The head of the International Monetary Fund, Christine Lagarde, believes that regulators should use the blockchain to combat "danger that comes with promises" associated with crypto-currencies. Lagarde argues that crypto-currencies can cause financial instability, and can also be used to finance...

The EU find that there is no immediate clarity on the exact nature of the exemptions that the U.S. intends to provide to some of its allies from the import tariff on steel and aluminum that it impost last week. the Eu said that talks between representative of the two sides would continue this week...

According to the head of Europe’s rescue fund, IF Greece follows that path to reforms, the debt-ridden nation would probably not need any precautionary credit line following the expiry of its bailout in August this year.   The head of the European Stability Mechanism (ESM), Klaus Regling...

China, Canada and Hong Kong are among the countries most at risk of banking crisis, Bloomberg reports with reference to the Bank for International Settlements. Canada, whose economy grew at the highest rate since 2011, is at risk due to the high level of credit card debt of households and debt in...