by SmartTipsConsultants | Jun 20, 2018 | Economic News
The European Central Bank (ECB) has lost its independence after gaining additional powers following the 2011 sovereign debt crisis, a former member of its Governing Council has told CNBC. Panicos Demetriades, formerly head of the Cypriot Central Bank, served as an ECB...
by SmartTipsConsultants | Jun 19, 2018 | Economic News
“Our view is that all fiat currency will be crypto,” Jeremy Allaire, who co-founded Circle in 2013, told CNBC. Circle recently said it wants to introduce a new cryptocurrency pegged to the U.S. dollar, called “USD Coin.” Allaire said that the...
by SmartTipsConsultants | Jun 18, 2018 | Economic News
President Trump announced fresh tariffs on $50 billion in Chinese goods on Friday. The move prompted swift retribution from Beijing. The tense situation is slowing shipments at ports and airfreight terminals and boosting raw materials prices. Only a few months ago,...
by SmartTipsConsultants | Jun 17, 2018 | Economic News
It’s been a big week for central banks, with both the Federal Reserve and European Central Bank each tinkering with monetary policy. This represents a change in the winds for global markets, according to Wells Fargo’s Michael Schumacher. “For many,...
by SmartTipsConsultants | Jun 13, 2018 | Economic News
ZTE was banned by the U.S. in April for breaking a 2017 agreement reached after it was caught illegally trading with Iran and North Korea. The ban will not be lifted until ZTE pays a fine and places $400 million more in an escrow account in a U.S.-approved bank. Hong...
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