Currencies

30 January 03:58 PM BOE maintains rates at 0.75%, drops limited and gradual tightening

Mubasher: Bank of England (BOE) has kept its interest rates at 0.75% on Thursday, saying that the policy stance is “appropriate”.

Global Markets brief

20 January 05:33 PM Hong Kong’s card payments may top 1bn in 2020 -GlobalData

Mubasher: Total number of card payments in Hong Kong is likely to increase to 1 billion in 2020 from 642.0 million in 2015, GlobalData said.

Global Reports

14 January 05:23 PM Finland, Sweden may top cashless countries by 2022 - GlobalData

Mubasher: GlobalData, announced its expectations for the top countries that will most likely move towards a truly cashless society by 2022.

Global Reports

9 January 05:14 PM US Dollar, Euro included in Buna Payment Platform – AMF

Mubasher: The Arab Monetary Fund (AMF) on Thursday has launched the participant onboarding process in Buna Payment Platform.

Global Markets brief

5 December 2019 07:53 PM Ten wild predictions that could change global economy in 2020

Global Indices

5 December 2019 01:05 PM bitFlyer facilitates crypto purchases in Europe

Mubasher: Cryptocurrency exchange bitFlyer will make it easy for customers in Europe to purchase digital assets through credit and debit cards and other transfer methods.

Global Reports

3 December 2019 00:55 PM Cashfloat launches new loan repayment solution

Cashfloat has released its new Easy Start Technology, designed to make loan repayments more comfortable for customers

Currencies

2 December 2019 01:13 PM Payment acceptance in Africa at crossroads - Network International

Lower costs could help transform payment acceptance profitability

Global Reports

27 November 2019 06:32 PM Ghana’s C.Bank weighs issuing digital currency

Mubasher: Ghana could soon issue a digital currency to boost the expansion of electronic payment systems, including mobile money.

Global Reports

22 November 2019 04:41 PM Bitcoin plunges to 6M trough on China’s crypto crackdown

Mubasher: Bitcoin hit a six-month low after China's central bank waged a fresh crackdown on digital currencies, as it warned against issuing or trading them.

Global Reports

8 November 2019 03:48 PM Euro hits 3-week trough; dollar advances on Sino-US trade hopes

Mubasher: The euro hit a three-week low against the dollar, as the greenback was boosted on news of a US-China agreement on tariff rollback.

Currencies

6 November 2019 03:45 PM China C.Bank sets yuan midpoint guidance at 3M peak

Mubasher: The People's Bank of China set its official yuan's midpoint reference at its highest levels in three months, Reuters reported.

Global Reports

28 October 2019 02:50 PM Bitcoin firms up after China voices support for developing blockchain

Mubasher: Bitcoin on Monday clung close to one-month peak recorded over the weekend.

Currencies

14 October 2019 03:18 PM Sterling drops on fresh Brexit uncertainty

Mubasher: Sterling fell, after the UK and European Union said a lot of work would be required to clinch a Brexit deal, according to Reuters.

Global Reports

16 September 2019 01:59 PM Oil-producer, safe-haven currencies rally on Saudi attacks; dollar declines

Mubasher: Safe-havens and currencies of oil-exporting countries climbed on Monday, after an attack on Saudi Arabia’s oil installations.

Global Markets brief

3 September 2019 02:03 PM Sterling dives beyond $1.20 on Johnson’s election threat

Mubasher: Sterling pound hovered close its weakest level against the US dollar in more than two years on Tuesday amid speculations of snap general election.

Currencies

26 August 2019 03:41 PM Turkey’s lira slips on trade war jitters

Mubasher: The Turkish lira declined by more than 1% against the US dollar on Monday, according to Reuters.

Global Reports

26 August 2019 02:31 PM China’s yuan hits 11-yr low as US-China trade conflict escalates

Mubasher: Chinese yuan (CNY) dropped to an 11-year bottom against the US dollar on Monday, as the trade conflict between the US and China escalated.

Global Markets brief

23 August 2019 04:58 PM Sterling could gain appeal if dropped to $1.17–Report

Mubasher: The sterling pound's sudden spike led some to believe that the UK currency is close to a point where alue-seeking investors are waiting.

Global Markets brief

22 August 2019 07:22 PM UK pound hits 3-week high on Merkel’s Brexit remarks

Mubasher: German Chancellor Angela Merkel suggested that a resolution to the Brexit stalemate could be reached within 30 days.

Global Reports

22 August 2019 02:56 PM Chinese yuan hits new 11-yr low on trade fears

Mubasher: Chinese yuan (CNY) slid to a new 11-year low against the US dollar on Thursday, despite support from key state-run banks.

Global Markets brief

20 August 2019 04:05 PM Turkish lira sinks on C.bank’s monetary stimulus, geopolitical fears

Mubasher: The Turkish lira hit its weakest level against the US dollar in nearly a month on Tuesday.

Global Reports

20 August 2019 00:53 PM World’s biggest crypto exchange to rival Facebook’s Libra

Mubasher: Binance is planning to cooperate with governments and companies to launch new digital currencies, in competition with Facebook's Libra, Bloomberg reported.

Currencies