Currencies

1 September 04:28 PM Eurozone inflation turns negative for first time in four years

Eurozone inflation has fallen into negative territory in August for the first time in four years.

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”.

Currencies

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.

Currencies

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 Markets brief

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

Currencies

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.

Currencies

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

Global Reports

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.

Currencies

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.

Global Markets brief

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.

Currencies

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.

Global Markets brief

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 Markets brief

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.

Currencies

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.

Global Markets brief

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.

Currencies

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 Reports

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 Markets brief

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.

Currencies

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 Markets brief

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