But how much tax you owe will depend on how and when you acquired the digital currency — which, in fact, isn't treated
as a currency at all.
Simply go through the usual booking process, and choose KrisFlyer miles
as your currency at the payment stage.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals
as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign
currency exchange rates; 9) the success and timely execution of key milestones such
as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or
at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such
as U.S. export control laws and U.S. and foreign anti-bribery laws such
as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such
as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers,
as well
as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco
as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Such statements are based on management's current views and assumptions that could ultimately prove inaccurate and are subject to risk factors such
as (but not limited to) changes in raw materials prices,
currency fluctuations, the pace
at which cost - reduction projects are implemented and changes in general economic and financial conditions.
Still, one thing seems clear: The glitch would never have happened if the banks hadn't insisted on classifying Coinbase purchases
as cash advances — despite the fact that the U.S. government does not currently consider cryptocurrencies
currency at all.
Dixon, a partner
at Andreessen Horowitz, says people have been treating Bitcoin
as a
currency or investment opportunity, but that's backward.
The common
currency was 0.6 percent lower against the U.S. dollar
at 12:30 p.m. London time Monday
as traders worried over an independence vote in Spain.
As long as the reforms keep coming, and China's economy keeps humming along at its current pace, could the RMB soon crack the world's top currencie
As long
as the reforms keep coming, and China's economy keeps humming along at its current pace, could the RMB soon crack the world's top currencie
as the reforms keep coming, and China's economy keeps humming along
at its current pace, could the RMB soon crack the world's top
currencies?
At the start of April, regulators in Japan introduced new rules that treated bitcoin less like an outlaw
currency and more
as a part of the banking system.
Which global investment giant disses Bitcoin
as not a
currency at all?
For an entertaining yet educational eyeful of just how bizarre the Bitcoin story is, from its mysterious beginnings to its rise
as a kind of, almost, on the brink of mainstream
currency around the globe today, take a look
at the revealing infographic below from WhoIsHostingThis.com.
Other than a stint
as a
currency analyst
at a London investment bank, McKinsey was all he knew.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign
currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended
at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and
currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to
as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or
at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Wall Street stock futures are higher and the dollar
at a five - month low,
as the Federal Reserve's partial retreat from its rate - hike intentions boosts confidence for the world economic outlook and leads to the unwinding of some of the «safe haven» flows into the U.S.
currency over recent months.
Our first two categories enjoy maximum popularity
at peaks of fear: Terror over economic collapse drives individuals to
currency - based assets, most particularly U.S. obligations, and fear of
currency collapse fosters movement to sterile assets such
as gold.
Brazil's
currency, the real (pronounced «Hey - I»), fell
as much
as 30 % against the U.S. dollar in 2015, trading
at around four reals to one U.S. dollar for most of the year.
For simplicity's sake, and so the company doesn't have to deal with
currency hedging, they decided to sell the scanner through the website
at a single retail price of US$ 579, even though,
as Cox observes, they're over-pricing in some markets and underpricing in others.
After remaining just a few dollars shy of the mark
at other digital
currency exchanges such
as Coinbase, which is headquartered in San Francisco, Bitcoin officially crossed the milestone on all trading venues just
as U.S. stock markets closed Friday.
IT»S easy to get excited about what's happening in the fast - moving world of
currency values but it's wrong to describe what's happening
as a «war», because it's not; what's going on is simply economics
at work, and it's telling a story of changes in the wealth of nations.
According to Robert Crea and Elizabeth Crouse, who are experts on digital
currency at the law firm K&L Gates, the IRS is likely to treat an air drop
as ordinary income.
Morehead, who began his career
at Goldman Sachs
as a mortgage - backed security trader, characterized bitcoin and other digital
currencies as «digital gold.»
Santelli began his career in 1979
as a trader and order - filler
at the Chicago Mercantile Exchange in a variety of markets, including gold, lumber, CDs, T - bills, foreign
currencies and livestock.
With rates
at near zero in the United States, and negative in Japan and Europe, the differential is a powerful lure for carry trades, in which investors borrow
at ultra-low rates in
currencies such
as yen or sterling and buy high - yielding assets such
as the kiwi.
Additionally, any imposition of trade barriers or labeling China a
currency manipulator may lead to a trade war or,
at the least, be a drag on economic growth,
as noted by Jan Hatzius, chief economist
at Goldman Sachs.
This development comes
at a time when the Chinese are pushing to have the IMF officially label the yuan
as a «reserve
currency.»
But whether Bitcoin can actually replace gold (let alone traditional government - backed
currency) has been a matter of fervent debate — quite literally,
as evidenced by an event last week entitled «Gold Versus Bitcoin,» held
at a New York comedy club, in which well - known gold proponent (Jim Rickards debated James Altucher, a self - help author now peddling Bitcoin investment advice under the moniker «crypto - genius.»
Derek Halpenny, a
currency strategist
at Bank of Tokyo - Mitsubishi UFJ, described the
currency move
as «unprecedented.»
After all, the euro's days
as a contender for global reserve
currency are now on hold
at best.
Designing these applications to be attractive to women is also just good business, says Meltem Demirors, who recently left her post
as a vice president
at Digital
Currency Group, a cryptocurrency - and blockchain - focused investment firm that she helped launch in 2015.
Being
at war is worse for a
currency than not being
at war, whether you're fighting the world's financial authorities for legal validity, or engaged in a guerrilla skirmish
as either aggressor or victim.
At around the same time, the first deputy governor of Russia's central bank proposed a virtual
currency that would be issued on behalf of all EAEU nations
as well
as the BRICS countries: Brazil, Russia, China, India, and South Africa.
The net position — contracts to buy a foreign
currency at a future date minus contracts to sell the same
currency — is often watched by market analysts, who interpret its movements
as a proxy for speculators» changing views of the short - term direction of exchange rates.
In doing so, Judge Weinstein effectively affirmed the CFTC's 2015 finding that bitcoin and other virtual
currencies are «properly defined»
as commodities, a pivotal interpretation that could set a standard for cryptocurrency prosecution
at large.
At a working group convened by the FSA earlier this month, one attendee reportedly recommended that it be «seriously discussed
as to whether any registered cryptocurrency exchange should be allowed to use such
currencies.»
The banking giant anticipates its virtual
currency, which will be sent and received via a mobile app, to function
as a vehicle for near - instantaneous P2P money transfers and payments
at affiliated stores, according to Japanese outlet Mainichi Newspaper.
At a news conference, the commissioner of the SEC, Emilio Aquino, indicated that the commission is inclined to consider «so - called virtual
currencies offerings
as possible securities, in which case we will apply the Securities Regulation Code.»
As for the British example
at the end of the 19th Century, in those days
currency was part of reserve accumulation, but much if not most reserves were in the form of gold or silver, and while Britain had the most important reserve
currency, the difference between central bank holdings of sterling and central bank holdings of other gold - based
currencies, like the franc, were pretty small relative to total trade.
«Following Russia's recent acceptance of the renminbi
as payments for oil, we expect more record high oil imports ahead to China,» Gordon Kwan, the Hong Kong - based head of regional oil and gas research
at Nomura Holdings Inc., said in an e-mail, referring to the Chinese
currency.
That was on full display the weekend of March 17,
as Bitcoin shed about a fifth of its value (dropping below $ 950
at one point, before bouncing back to about $ 1,050 on Monday)
as an increasingly bitter split in the developer community behind Bitcoin threatened to split it into two competing
currencies.
«Most people are buying Bitcoin, not because of a belief in its future
as a global
currency, but because they expect it to rise in value,» a note from economists
at Capital Economics said on Wednesday.
While Monero shares similarities with bitcoin, like mining and a blockchain
as core mechanics, it has some big differences that help its users maintain their anonymity online,
at least according to the
currency's advocates.
The dollar index against the world's major
currencies is
at a four month high with the interest rate gap set to widen between the dollar and euro - zone
as the US Federal Reserve plans several more rate hikes this year.
As always if you have crypto -
currency related tips or news you can email me
at cryptojunky
at zoho dot com.
The single
currency fell
as low
as $ 1.17625 on Thursday, its lowest since December 2005 and dangerously close to the $ 1.1747 level
at...
As Venezuela's national
currency loses value
at a catastrophic rate, thousands have begun turning to the world of cryptocurrency to salvage what little value remains from their increasingly worthless bolivars.
It's up 31 % in constant
currency for fiscal year 2012 coming in,
as Mark said,
at $ 3.7 billion, and that's on top of a 30 % growth number last year, over $ 1.5 billion of incremental revenue over the past 2 years.
The central bank's governor, who is expected to retire soon, said that the PBoC is taking a look
at digital
currencies as it searches for less costly, more convenient modes of payment.
The 2016 BIS Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets Activity was undertaken in two parts: the turnover portion measured activity in FX and OTC single -
currency interest rate derivatives markets in the month of April, while the outstandings portion — not yet available — measured the amount of OTC derivatives outstanding
as at the end of June.
Known online
as «pirateat40,» Shavers allegedly gained control of
as much
as 7 percent of the bitcoin market by promising investors up to 7 percent weekly interest, or 3,641 percent annualized, based on his ability to trade the
currency, and a promise that money could be withdrawn
at any time.
Silbert first became interested in the digital
currency while working
as the CEO
at SecondMarket, a secondary market for company shares.