Global Stock Slump Continues; China Gets Hit Hard: Markets Wrap

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The sell-off in global inventories that briefly looked to have ended mid-week has come back, tip-off sells from the U.S. to Asia into declines exceeding 10 percent from their January high-flowns. China, where retail investors dominate, got hit especially hard Friday. Equity brokers have yet to get comfy with a jump up in standard U.S. […]

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For Chinas Wealthy, Singapore Is the New Hong Kong

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When more than 80 of China’s wealth directors amassed lately at the Shangri-La hotel on Singapore’s resort island of Sentosa, the clatter during tea breaks deterred returning to one theme: Hong Kong is starting to be eclipsed by Singapore as the favorite destination for the richness of China’s rich. At stake for banks in both […]

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Chinas Crypto Crackdown Sends Miners Scurrying to Chilly Canada

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China’s three-quarters of the machines plumbing the blockchain — predominated the vistum until the Communist authority halted trading of virtual currency, banned initial coin offerings and shut down mining in recent months. Some of the most influential business in the brand-new crypto economy, whose roughly 1,500 digital currencies were worth about $405 billion on Friday, […]

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America Has a Foreign Tourism Problem

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As more international travelers decide to skip the United States, 10 business associations, includes the U.S. Chamber of Commerce and the National Restaurant Association, have created a passage industry group aimed at reversing the growing unpopularity of the U.S. as a vacation destination. Historically, the U.S. would just like to to sit back and cause […]

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What Could Kill the Bitcoin Boom

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If you bought a Bitcoin in early 2017, when one cost less than $900, you could have a profit of more than 1,200 percentage now. But you almost certainly didn’t do that. Perhaps you dipped in a toe in November or December, as the expenditure smacked headline-grabbing accounts –$ 10,000, then $15,000, then higher. If […]

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Bitcoin Fall Extends to 25% as Fears of Crypto Crackdown Linger

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January’s cryptocurrency selloff get fresh impetus on Tuesday when Bitcoin slumped as much as 25 percentage, as the prospect of regulatory crackdowns appeared to spread. While the largest digital coin was down 25 percentage at $10,338 as of 4: 37 p.m. in New York, it was still at the lowest since early December, according to […]

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China Escalates Crackdown on Cryptocurrency Trading

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China is escalating its clampdown on cryptocurrency trading, targeting online programmes and mobile apps that render exchange-like services, according to parties familiar with the matter. While experts restricted cryptocurrency exchanges last year, they’ve lately noted an uptick in activity on alternative venues. The government plans to brick domestic access to homegrown and offshore scaffolds that […]

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Cryptocurrencies Retreat Amid Concern of South Korean Clampdown

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Bitcoin slumped to its lowest level since Christmas day as South Korea’s justice minister repetition his proposalto ban neighbourhood cryptocurrency exchanges, fueling fear a territory crackdown will erode is asking for digital coins in one of the world’s biggest markets. The minister’s comments to reporters on Thursday were later downplayed by a spokesman for President […]

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Bitcoin Could End Up Using More Power Than Electric Cars

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The global superpower needed to create cryptocurrencies this year could rival the entire electricity consumption of Argentina and be a growing motorist for renewable energy producers from the U.S. to China. Miners of bitcoin and other cryptocurrencies could compel up to 140 terawatt-hours of electricity in 2018, about 0.6 percentage of the global total, Morgan […]

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Chinas Foreign Reserves Extend Rising Streak Amid Capital Curbs

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China’s foreign-exchange earmarks posted an 11 th straight monthly mount, covering a year of convalescence amid tighter asset ensures, a stronger yuan and resilient financial growth. The reserves clambered $20.7 billion to $3.14 trillion in December, according to a People’s Bank of China statement on Sunday, compared with a $3.13 trillion median estimate in a […]

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