The Bank of England’s (BOE) Monetary Policy Committee (MPC) voted 9-0 on Thursday to keep its monetary policy unchanged, leaving the U.K. interest rate at 0.5 percent in a result widely expected by markets. The focus now moves to inflation, which is at a five-and-a-half-year high, putting pressure on the bank to raise interest rates […]
Read moreA German stock exchange operator is reportedly considering the launch of its own bitcoin futures contracts. Deutsche Boerse executives have been “thinking” about the introduction of futures contracts, German business magazine Wirtschaftswoche reported Wednesday. “We are thinking about futures, with which private investors and institutional investors can protect existing investments in bitcoin or set for […]
Read moreCurrency, United States Finance
Putin abandons United Russia party, will run as an independent in 2018 election
Russian President Vladimir Putin has told an annual end-of-year press conference that he will run for president in early 2018 as an independent candidate. At Putin’s annual question and answer session with Russian and foreign media in Moscow on Thursday, the president was asked by a journalist from the Kommersant newspaper who he was running […]
Read moreThere’s money to be made in currencies whose central banks will make an unpredictable move next year, said David Bloom, HSBC’s global head of foreign exchange strategy. His call for 2018? Bet on the Aussie dollar. Speaking to CNBC Thursday, Bloom predicted the Australian dollar will gain around 10 percent on the U.S. dollar over […]
Read moreU.S. plans to reform its tax system should not hurt its trade partners, the incoming euro zone finance chief told CNBC on Wednesday. Mario Centeno, the current finance minister of Portugal who will take over as Eurogroup president on January 13, said that tax policy should be coordinated in a way that prevents disruptions to […]
Read moreBy now, you’ve no doubt heard about the massive bitcoin rally this year. And you may also have read about other cryptocurrencies, such as litecoin and Ethereum, surging too. But there are over 1,300 cryptocurrencies in existence. And while bitcoin dominates the market, several other digital currencies are making waves. CNBC has created a brief […]
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South Africa's Sibanye-Stillwater to buy troubled platinum producer Lonmin
South Africa’s Sibanye-Stillwater has agreed to buy Lonmin, valuing the troubled platinum producer at about 285 million pounds ($382.47 million), the two companies said on Thursday. Under the offer, each Lonmin Shareholder will receive 0.967 new Sibanye-Stillwater shares for each Lonmin share. The deal values each Lonmin Share at 86.3 pence and represents a premium […]
Read moreIBM has teamed up with major companies including Samsung, JPMorgan, and Barclays, to develop quantum computing for commercial use, the U.S. technology giant announced Thursday. Those firms along with nine others are working with IBM to build out quantum computing using the company’s open source software and developer tools. Quantum computing is seen as the […]
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Greece should only get a debt deal after its bailout is finished, new Eurogroup president says
Greece needs to fully complete its current bailout program before the country receives any relief on its huge debt pile, the new Eurogroup president told CNBC. Speaking to CNBC in an exclusive interview, Mario Centeno, the incoming chief of the 19 finance ministers from the euro zone, said there are still “some intermediate steps” before […]
Read moreEuropean stocks are poised to open lower on Thursday morning, as investors reacted to the U.S. Federal Reserve‘s decision to raise interest rates. The FTSE 100 is seen 22 points lower at 7,478; the German DAX is expected to start down by 47 points at 13,082 while the CAC 40 is seen off by 11 […]
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