currencies

Foreign Exchange Swaps: Hidden Debt, Lurking Vulnerability

How hidden foreign exchange swaps contribute to financial fragility.
IRS erroneously considered Fortnite V-Bucks and Roblox Robux "virtual currencies" subject to taxation

IRS erroneously considered Fortnite V-Bucks and Roblox Robux "virtual currencies" subject to taxation

The IRS removed language from their Web site that listed Fortnite V-Bucks and Roblox Robux as examples of convertible virtual currencies, like Bitcoin. They were included on a page about virtual
Global oil demand set for first decline in 10 years as coronavirus hits growth - business live

Global oil demand set for first decline in 10 years as coronavirus hits growth - business live

Rolling coverage of the latest economic and financial news, as the International Energy Authority predicts first drop in oil demand in a decadeLatest: IEA slashes oil demand forecastsIntroduction:
Alibaba and JCB hit by coronavirus problems as oil demand slashed - as it happened

Alibaba and JCB hit by coronavirus problems as oil demand slashed - as it happened

Rolling coverage of the latest economic and financial news, as e-commerce giant Alibaba, digger maker JCB and fashion chain Ralph Lauren warn about coronavirus impactLatest: Alibaba says Covid-19 is
European stocks hit record high despite coronavirus outbreak – as it happened

European stocks hit record high despite coronavirus outbreak – as it happened

Rolling coverage of economics, markets and business as Chinese tariff cuts on US goods help to stimulate markets to record highs Chinese tariffs on 1,700 US imports halved amid virus response Royal
Shares and oil prices jump after Chinese report of coronavirus treatment – as it happened

Shares and oil prices jump after Chinese report of coronavirus treatment – as it happened

Rolling coverage of economics, business and markets as UK services grows at fastest since September 2018 Prices jump amid unconfirmed virus treatment reportsWorld Health Organis says no treatment

Coronavirus: Australia Faces Calamity

Identifying likely economic road kill from the coronavirus outbreak.
Pound falls sharply as Boris Johnson prompts hard Brexit fears – as it happened

Pound falls sharply as Boris Johnson prompts hard Brexit fears – as it happened

Sterling hit by tough talk on trade deal while investors count coronavirus cost Sterling falls as prime minister prepares hard line on Brexit trade dealShares in China fall by 7.7% as markets return

Michael Hudson on the History of Debt Cancellation, Austerity in Europe, January 2020

Michael Husdon reviews the key themes of his recent book, ......and Forgive Them Their Debts, and discusses German austerity.
The Brexit 50p: how has one coin caused so much controversy?

The Brexit 50p: how has one coin caused so much controversy?

High-profile figures are pledging to boycott the new coin – Alastair Campbell because the slogan opposes his core beliefs and Philip Pullman because, he says, it is missing an Oxford commaName: The
How has Brexit vote affected UK economy? December verdict

How has Brexit vote affected UK economy? December verdict

Each month we look at key indicators to see what effect the Brexit process has had on growth, prosperity and trade •UK economy faces weakest growth outside recession since second world war •Shadow of
Pound slides to pre-election levels in wake of bid to outlaw Brexit extension

Pound slides to pre-election levels in wake of bid to outlaw Brexit extension

Sterling has lost two cents against both the euro and dollar amid City fears of no dealThe pound has given up the gains made since the general election after Boris Johnson said he would write
Shares jump and pound stages biggest rally in almost three years on Tory victory

Shares jump and pound stages biggest rally in almost three years on Tory victory

Markets welcome greater certainty over Brexit as sterling surges to $1.34The pound staged its biggest rally in almost three years and shares surged after the Conservative party secured a decisive
Pound surges after exit poll predicts huge Tory majority

Pound surges after exit poll predicts huge Tory majority

Sterling jumps two cents against dollar after news Tories were set to win majority of 86 Latest election news – live updatesThe pound has surged after exit polls showed Boris Johnson’s Conservatives
Will the pound go up in value if Labour wins the general election?

Will the pound go up in value if Labour wins the general election?

We examine John McDonnell’s claim that Labour’s spending plans could boost sterlingLatest election news – live updatesClaimJohn McDonnell said the pound would rise if Labour won the election. Continue
Tory poll lead powers pound to 31-month high against euro

Tory poll lead powers pound to 31-month high against euro

Predictions of victory for Conservatives raise City hopes of end to Brexit uncertaintyUK general election – latest newsThe pound has risen to its highest level against the euro in more than two and a
Sterling soars against dollar as traders bet on Johnson election win

Sterling soars against dollar as traders bet on Johnson election win

Pound hits highest level since May as opinion polls give Tories 11% lead over LabourThe pound raced to a seven-month high against the dollar on Wednesday as City traders bet that Boris Johnson was on
How has Brexit vote affected UK economy? November verdict

How has Brexit vote affected UK economy? November verdict

Each month we look at key indicators to see what effect the Brexit process has had on growth, prosperity and tradeAre economic doldrums likely to continue? Experts debate the dataBrexit uncertainty
How has Brexit vote affected UK economy? November verdict

How has Brexit vote affected UK economy? November verdict

Each month we look at key indicators to see what effect the Brexit process has had on growth, prosperity and tradeAre economic doldrums likely to continue? Experts debate the dataBrexit uncertainty
UK companies endure sharpest downturn since Brexit vote – as it happened

UK companies endure sharpest downturn since Brexit vote – as it happened

Rolling news coverage of markets, economics and business as purchasing managers indices show economy in decline British economy: Services and composite PMIs lowest since Brexit vote Tesla unveils