Experts, innovators, and executives across multiple sectors convened to explore the digital
currency economy in - depth.
Not exact matches
The strong dollar was felt widely across commodity markets and the emerging
economies that are now borrowing record amounts of debt
in the U.S.
currency — $ 3.7 trillion according to the latest figures this week from the Bank for International Settlements.
As Camilla Sutton,
currency strategist with Scotiabank, has pointed out though, it's still important for Canada to keep a watchful eye on the Fed's next steps due to our reliance on both the American
economy, and global growth
in general.
U.S. Treasury Secretary Jack Lew met new Chinese President Xi Jinping on Tuesday at a critical time
in relations between the world's two largest
economies, with cyber hacking, market access and the Chinese
currency high on the agenda for talks
The crackdown on Seoul - based operators of some of the world's busiest virtual
currency exchanges comes as the government attempts to calm frenzied demand for cryptocurrency trading
in Asia's fourth largest
economy.
The Financial Stability Board, a global watchdog that runs financial regulation for G - 20
economies, took a cautious tone
in responding to calls from some countries to crack down on digital
currencies.
The euro, which
in the aftermath of January's meeting rose to a new three - year high, started the year surging against other
currencies, including the U.S. dollar, as the region's
economy improved and political risks dissipated.
And despite
currency movements, not tomention a weak global
economy, Canadian employers added 79,100 jobs across all sectors
in November (when the unemployment rate dropped to 8.5 %).
Kuroda himself takes credit for convincing his counterparts
in the Group of Seven advanced nations that Japan's
currency intervention was for the good of the Japanese and global
economies.
However, some economists believe that given the economic growth
in the region — which the ECB foresees at 2.3 percent of gross domestic product (GDP)
in 2018 — consumers will be able to sustain the appreciation
in the
currency and the ECB won't be forced to stimulate the
economy.
«The bank does not intervene [with the dollar], except
in exceptional circumstances, such as if there were signs of a serious near - term market breakdown or if extreme
currency movements seriously threatened [the
economy],» he said.
MARKETS: The dollar held near a four - month high against a basket of major
currencies, buoyed by the outlook for a strong U.S.
economy and rising yields amid signs of slowdown elsewhere, especially
in Europe.
The findings correlate with an uneven year for business
in 2015, due to stock market volatility
in the third quarter, which ended a long bull run
in the wake of weakening global
economies and a devaluing of China's
currency.
Italy is the eurozone's third largest
economy, and its debt - to - GDP ratio of 133 % is the second largest
in the
currency union, after Greece.
A larger export market would be welcome to Belarus, whose
economy has been battered this year by a slump
in the
currency of Russia, a key trading partner and source of remittances from migrant workers.
«I've heard stories of companies hedging their bets with some of the eurozone
economies,» Langrish says, explaining that some have set up accounts to pay their employees
in euros should their home country exit the eurozone and reintroduce its old
currency.
Trust is the
currency of the collaborative
economy, and brands have to actively invest
in order to get results.
In recent days, there had been talk of of the world's biggest economies making an accord to quiet the volatility in currency market
In recent days, there had been talk of of the world's biggest
economies making an accord to quiet the volatility
in currency market
in currency markets.
In fact, currency markets now are helping the central bank in that regard, since a stronger currency essentially has the same effect on the economy as higher interest rates because it will reduce exports and corporate profit
In fact,
currency markets now are helping the central bank
in that regard, since a stronger currency essentially has the same effect on the economy as higher interest rates because it will reduce exports and corporate profit
in that regard, since a stronger
currency essentially has the same effect on the
economy as higher interest rates because it will reduce exports and corporate profits.
As the
economy continues its rocky recovery, policy - makers are quick to point out that core inflation, the key measure upon which the Bank of Canada depends to set monetary policy and stave off destabilizing devaluations of
currency, remains
in check.
With inflation believed to be
in triple digits, vast lines outside supermarkets owing to shortages of basic goods and an 80 % collapse of the
currency on the black market, it was the
economy that turned Venezuelans away from the government.
The slowing of China's growth and manufacturing sector during the past year has hit investor sentiment towards the world's second - largest
economy, causing volatility
in its capital flows, putting pressure on its yuan
currency and forcing the central bank to intervene
in currency markets.
«It's super important for people
in various
economies to be able to transact
in local
currencies» as well, says the SparkChain co-founder.
«The most significant drag is primarily felt by emerging market
economies, who tend to be more sensitive to shifts
in global risk sentiment, which can also have large adverse effects on capital flows and
currency valuations,» the note said.
«We want to first negotiate, get our sovereignty back
in terms of
currency, budget, territory to control our borders and (our)
economy to have an economic patriotism.
A tightening monetary policy is usually seen as positive for a
currency as it's a sign of health
in that region's
economy and reduces that amount of that
currency in circulation.
While Zimbabwe once had its own
currency, it began using a mix of
currencies from stable
economies including the U.S. dollar
in 2009 after hyperinflation made its own note nearly worthless.
Also pressuring the U.S.
currency was data showing the U.S.
economy in March created the fewest jobs
in six months, which might prompt the Federal Reserve to go more slowly on plans to raise interest rates.
The global
economy is ending the year
in a fragile state with factory activity shrinking
in China, euro zone business growth remaining weak, and emerging market giant Russia
in a spiraling
currency crisis.
In the last two months, the economic news coming out of China was both depressing and worrying: a spectacular stock market crash, a sudden
currency devaluation, and anemic economic activities suggesting that the
economy will miss the official target of 7 % annual growth for 2015.
The Russian
economy still depends
in large measure on sales of oil and gas, which account for about two - thirds of exports and Indonesia became the latest Asian casualty when its
currency caved to fresh 16 - year lows.
The euro has been one of the best performing major
currencies this year, with its strength stemming partly from growing confidence about the outlook for the euro zone
economy and partly from weakness
in other major
currencies such as the yen and British pound.
An inconclusive election result
in Italy that raises the specter of policy deadlock
in the euro zone's third largest
economy, appears to have stopped a stellar euro rally and could mark a turnaround
in the
currency's recent good fortunes, analysts said.
Michael Pettis, a professor of finance and economics at Peking University, is an expert
in the Chinese
economy, and he has argued for years that China's trade surplus with the United States and the rest of the world is driven by much stronger forces that the value of the Chinese
currency or differences
in tariff policy.
The
economy of both the 19 - nation single
currency area and the 28 - nation European Union (EU) grew by 0.4 percent
in the first quarter of 2018.
Today we discuss
in detail the concept of debt deflation; housing, student loan and automobile debt; the oil market; the stock market; negative interest rates;
currencies; and the shrinking real
economy.
Renewed confidence
in the European
economy and persistent weakness
in the dollar have driven the euro up 16 percent against the U.S.
currency from the first quarter last year to the end of March 2018.
In economics jargon: deflation is harmful when a
currency is used as an an
economy's unit of account.
At Deutsche Bank AG,
currency strategist Alan Ruskin said the manufacturing figures should «play against fears of a more precipitous global slowdown,» although he noted the readings
in many
economies were below where they were three months ago.
In other words, a stronger U.S.
economy and
currency may reduce oil prices and vice versa.
This means that as long as the PBoC intervenes
in the
currency, it can not provide debt relief to struggling borrowers, and to the
economy overall, by lowering interest rates without setting off potentially destabilizing capital outflows as the interest rate differential narrows.
«You're definitely seeing the impact of the
currency headwinds
in the first quarter results, and also the European
economies have slowed relative to last year,» said Will Hamlyn, investment analyst at Manulife Asset Management.
Risks associated with investing
in Industrials include the possibility of a worsening
in the global
economy, acquisition integration risk, operational issues, failure to introduce to market new and innovative products, further weakening
in the oil market, potential price wars due to any excesses industry capacity, and a sustained rise
in the dollar relative to other
currencies.
Thus, many emerging markets» growth rates
in the next decade may be lower than
in the last — as may the outsize returns that investors realised from these
economies» financial assets (
currencies, equities, bonds, and commodities).
That also means something for Bitcoin, Ven, Linden, virtual
currency economies, and maybe even
in store credit providers.
Beijing is trying to boost domestic liquidity
in the hopes that this will generate stronger domestic demand, but expanding liquidity fuels capital outflows, and these put downward pressure on the
currency, while increasing PBoC concerns about the monetary impact of money leaving the
economy which, as an article
in last week's FT argues, might be worse than we think.
Many lenders had provided funds denominated
in foreign
currency, and higher local
currency interest rates were irrelevant, except to the extent they added to concerns about the local
economy.
The Canadian dollar is off to its best annual start since it became a floating
currency in 1970 amid a pullback
in the U.S.
currency and signs the
economy is picking up speed.
SuperNet, NEM (New
Economy Movement) and many other crypto -
currencies are being added to the platform
in the near future.
The bank's chief
currency strategist Richard Grace made the forecast changes to reflect a slightly quicker - than - expected slowing
in the global
economy over the first quarter.