currency

China Limiting Overseas Investments

China Limiting Overseas Investments

China is looking to curb domestic companies’ investments abroad in property, sports, entertainment, and other fields after many series of high profile, multi-billion dollar acquisitions by Chinese firms. Regulators are aiming to stop foreign a..

Dollar Rises with US Job Openings at Record High

Dollar Rises with US Job Openings at Record High

The dollar rose to a one-week high on Tuesday after the Labor Department reported that U.S. job openings have a reached a record high in June.The Labor Department said on Tuesday that job openings, a measure of labor demand, increased 461,000 to a s..

Bitcoin Cash Skyrockets After Split

Bitcoin Cash Skyrockets After Split

After the split of the cryptocurrency on Tuesday, Bitcoin Cash, the new digital currency, surged from around $214 to over nearly $750, rallying almost 200 percent, according to CNBC.The new crypto emerged from a split from Bitcoin after users demand..

Ethereum and South Korean Investments

Ethereum and South Korean Investments

South Koreans have developed an affinity towards cryptocurrencies. They do not mind the mind churning 24-hour long roller coaster which invariably accompanies this kind of investments. The situation is such that even banks and government financial c..

Thomson Reuters beats Q2 estimates

Thomson Reuters beats Q2 estimates

Thomson Reuters (NYSE: TRI) reported its second quarter earnings Tuesday morning and reported higher earnings than estimated due to demands for market data.The company reported second-quarter net earnings of $206 million, or 27 cents per share, comp..

Bitcoin Rebounds After Miners Support Solution for Scaling Problem

Bitcoin Rebounds After Miners Support Solution for Scaling Problem

Bitcoin prices jumped on Tuesday after Bitcoin miners start to work on a solution to bitcoin’s scaling problem.The long-running scaling issue is that the transactions for bitcoin is increasing rapidly and the bitcoin network is unable to proce..

Digital Currency Ethereum Plunges 20%

Digital Currency Ethereum Plunges 20%

A 20% fall on Sunday gave rise to concerns about the future of digital currency Ethereum. There have already been many speculations circulating about the future of rival Bitcoin and this sudden dip only served to add more conjectures into the mix. &..