Finance

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Saudi Stock Exchange Joins FTSE Global Equity Index Series

WASHINGTON (STL.News) On Wednesday March 28, 2018, The Saudi Stock Exchange (Tadawul) was pleased to highlight the announcement by FTSE Russel noting that Tadawul will be classified as a “Secondary Emerging” market in the FTSE Global Equity Index Series, moving up from its previous status as “Unclassified”. This decision followed a series of market enhancements … Continue reading Saudi Stock Exchange Joins FTSE Global Equity Index Series

Cryptocurrency Mining Ventures Skyrocketing as Bitcoin Value Edges up This Week

(STL.News) The interest for digital currencies appears to be rising again of late and in turn, cryptocurrency mining operations are starting to pick up steam as the currency once again attempts to assert itself as a mainstay in the global economy. Although cryptocurrency mining has been in existence for 10 years, the momentum is currently … Continue reading Cryptocurrency Mining Ventures Skyrocketing as Bitcoin Value Edges up This Week

Investors Cautioned about Cryptocurrencies

HARRISBURG, Pa./ Jan. 29, 2018 (STL.NEWS) — With cryptocurrencies like Bitcoin continuing to attract headlines and market interest, Secretary of Banking and Securities Robin L. Wiessmann reminds consumers that investments involving cryptocurrencies should not be confused with developments of the underlying technology, known as the blockchain. The blockchain is a fully distributed, publicly accessible database, or … Continue reading Investors Cautioned about Cryptocurrencies

US Treasury official urges regulation of crypto currencies

TOKYO/January 26, 2018(AP)(STL.News)— A senior U.S. Treasury official has urged banks and financial regulators to do more to tighten oversight of trading in bitcoin and other cryptocurrencies. Sigal Mandelker, the Treasury undersecretary for terrorism and financial intelligence, said Friday that more needs to be done to prevent money laundering and other criminal activities using such … Continue reading US Treasury official urges regulation of crypto currencies

Global shares mixed on renewed jitters over trade friction

TOKYO/January 24, 2018(AP)(STL.News)— Global shares are trading mixed, with European benchmarks lower and Asian shares mostly higher. Japan’s Nikkei 225 slipped 0.8 percent as the dollar weakened against the yen, hurting exporters. Dow futures and S&P 500 futures are higher. KEEPING SCORE: France’s CAC 40 fell 0.2 percent to 5,526.21, while Germany’s DAX was flat … Continue reading Global shares mixed on renewed jitters over trade friction

Stocks edge higher in early trading, led by energy companies

NEW YORK/January 22, 2018(AP)(STL.News)— U.S. stock indexes are edging higher Monday, led by energy companies. High-dividend stocks are also higher as bond yields decline, but industrial companies are falling. Yields had climbed to their highest level in more than three years last week. French pharmaceutical company Sanofi and biotech drugmaker Celgene both announced large acquisitions. … Continue reading Stocks edge higher in early trading, led by energy companies