Tag Archives: Money

The international conference to recover the stolen funds will be launched in the Iraqi capital, Baghdad, on the 15th and 16th of September. The conference is held under the auspices of Prime Minister Mustafa Al-Kadhimi. The Arab League President Ahmed Abul Gheit, Arab justice ministers, heads of judicial councils and …

The dollar fell from a one-week high on Wednesday, as political squabbling over a stimulus package for the U.S. economy halted its recent rebound. The greenback, however, rose to a three-week peak against the yen, climbing for a fourth straight session. The dollar/yen pair typically moves in tandem with U.S. …

The dollar paused on Wednesday after two straight days of losses, as money markets tempered hopes of a rapid global economic recovery from the coronavirus pandemic. The U.S. currency was broadly flat against a basket of currencies, after earlier gains of 0.3%, as risk sentiment soured in trading in Europe. …

While the coronavirus pandemic may become the last nail in the coffin of the US dollar’s status as the primary reserve currency, the seeds of its inevitable decline were sown long ago, a former Morgan Stanley economist believes. The greenback is set to decline due to a shortfall in domestic …

The world’s largest cryptocurrency rallied above $10,000 once again amid optimism digital assets will continue to benefit in the wake of unprecedented global fiscal and monetary stimulus. Bitcoin rose about 5% on Tuesday to trade around $10,168 as of 10:05 a.m. in New York. The rally catapulted the coin to …

The Iranian Parliament on Monday voted for the details of a government monetary reform bill which will change the country’s currency name and drop four zeros from banknotes. Under the new law, which will come into effect after the final approval of the Guardian Council, the national currency unit will …

The world’s billionaires have doubled in the past decade and are richer than 60 percent of the global population, the charity Oxfam said Monday. It said poor women and girls were at the bottom of the scale, putting in “12.5 billion hours of unpaid care work each and every day,” …

Bitcoin tested 15-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin. The biggest cryptocurrency hit $11,247.62 on the Bitstamp exchange late on Sunday, its highest since March …

Boeing shares slumped almost 13 percent on after the second fatal crash of one of its 737 Max 8 planes. The sell-off wiped around $30bn (£23bn) wiped off Boeing’s valuation leaving the world’s largest plane manufacturer on track to record its biggest single-day trading fall in two decades as concerns …

Three of the rarest known US paper bills in existence, dating back to the 19th century, are expected to fetch up to $8 million when they are auctioned in Baltimore next week. The remarkable set includes two $1,000 bills — one from 1869 and another from 1891 — and a …

Swiss banking giant UBS has been fined €3.7bn (£3.2bn; $4.2bn) in a French tax fraud case. A court in Paris found that the bank had illegally helped French clients hide billions of euros from French tax authorities between 2004 and 2012. UBS said it had consistently contested any criminal wrongdoing …

The World Trade Organization launched an investigation into U.S. President Donald Trump’s tariffs on $250 billion of Chinese goods, ratcheting up tensions as the two nations are set to begin a new round of trade talks, according to an official with knowledge of the probe. The Geneva-based arbiter of trade …