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The head of the Bank for International Settlements is forecasting a gloomy future for cryptocurrencies. "While perhaps intended as an alternative payment system with no government involvement, it has become a combination of a bubble, a Ponzi scheme and an environmental disaster," says Augustin Carstens, General Manager of the BIS. He was speaking at Goethe University House of Finance in Frankfurt. more...
Japan's leading index declined more-than-expected at the end of the year, preliminary figures from the Cabinet Office showed Wednesday. more...
The manufacturing sector in Australia continued to expand in January, and at a faster rate, the latest survey from the Australian Industry Group showed on Thursday with a Performance of Manufacturing Index score of 58.7. more...
While MNI Indicators released a report on Wednesday showing a slowdown in growth in Chicago-area business activity in the month of January, the pace of growth slowed by less than anticipated. MNI Indicators said its Chicago business barometer dropped to 65.7 in January. more...
Ibovespa, the benchmark stock index in Brazil, closed down 0.25% at 84,482.46 points on Tuesday, on another day of profit-taking tracking the negative external market climate amid a fall in the price of commodities. In the political arena, investors monitor the expectations for the discussion of the pension reform in Brazil. more...
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