TransCanada says it has secured enough customers to proceed with Keystone XL pipeline

SALT LAKE CITY — The Canadian pipeline company that set out a decade ago to build the $8-billion Keystone XL oil pipeline across the Great Plains said Thursday it had secured enough shipping orders to proceed with construction. A statement released by TransCanada stopped short of making a commitment to construct the 1,189-mile pipeline from Hardisty,… Please follow and like us:

Read More

Why Warren Buffett’s Bleak Prediction Of Cryptocurrencies Is Wrong

Billionaire investor Warren Buffett has joined a long line of influential voices from the traditional financial world pouring cold water on increasing enthusiasm for the new — and booming — asset class of cryptocurrencies. “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” the chairman and… Please follow and like us:

Read More

South Korea’s Bitcoin Crackdown Maybe Toned Down

The price of bitcoin, the world’s most popular cryptocurrency at present, took a beating Thursday after reports said South Korean Justice Minister Park Sang-ki was planning a ban on cryptocurrency exchanges in the country, which is a global hub for such trading platforms. But on Friday, the country’s finance minister reportedly made statements toning down the… Please follow and like us:

Read More

Japan signals openness to Belt and Road

Japanese Prime Minister Shinzo Abe has said his government will “properly respond to” individual cooperation programs related to the China-proposed Belt and Road Initiative. Abe made the remarks on Wednesday when meeting with Toshihiro Nikai, secretary-general of the ruling Liberal Democratic Party, and Yoshihisa Inoue of junior coalition partner Komeito to talk through Japan’s strategy on… Please follow and like us:

Read More

The Bank Of England Is Planning A Bitcoin-Style Virtual Currency – But Could It Really Replace Cash?

Governments are extremely worried about cryptocurrencies such as bitcoin. These virtual currencies mean you can make payments without involving the banks that most economies and government financial models are built on. People can transfer large amounts of money without the authorities knowing, potentially making it easier to evade tax or launder money. So several countries’ central… Please follow and like us:

Read More

Top 10 Financial Terms of 2017: Investopedia

Investopedia, an online provider of financial content, has announced its list of the top financial terms of 2017. The list reflects investor interest, key trends and news events during the year as measured by search volume and percentage gains. “Investors clearly have disruptive technology on the mind this year,” Investopedia’s chief executive, David Siegel, said in… Please follow and like us:

Read More

Switzerland rages against EU’s stock exchange ruling

The Swiss government lashed out Thursday at an EU decision to give Switzerland’s stock exchange only temporary access to the bloc’s single market, labelling it discriminatory and “unacceptable”. The European Commission announced on Thursday that it would recognise for just one year the so-called equivalence of Swiss trading venues, which is essential to allow European banks… Please follow and like us:

Read More

4 credit card traps to avoid in 2018

With the new year just around the corner, it’s a good time to reflect on your life and accomplishments over the past 12 months. It’s also a good time to think about your finances! With credit card debt at staggering levels nationwide, it’s high time to get serious about spending. Of course, credit cards can be… Please follow and like us:

Read More

Asset management firms see windfall from B&R Initiative

China’s Belt and Road Initiative will create new opportunities for the asset management industry in the Asia-Pacific region in the next few years, a new industry report said. Asset management practitioners should take advantage of the huge opportunities for infrastructure construction in the countries and regions that are related to the initiative, said Ba Shusong, chief… Please follow and like us:

Read More

The Bitcoin Bubble – How We Know It Will Burst

In the last year, the price of Bitcoin has increased from less than US$800 to more than US$12,000. This huge spike in value has many asking if it is a bubble or if the high price today is here to stay. Finance defines a bubble as a situation where the price of an asset diverges systematically… Please follow and like us:

Read More

Understanding the economics of tax reform

LOS ANGELES, December 9, 2017: Tax cuts are just one part of tax reform. Albeit a major part. Undoubtedly there will be winners and losers whenever a major overhaul in the arena of public policy occurs. Those who benefited under the existing regulatory structure will most likely oppose changes. Unless the replacement structure also benefits them… Please follow and like us:

Read More

Bull market is here for the longer term

Stock prices may be hitting new records, but this is no time to sell. In recent decades, the U.S. economy and corporate sectors have undergone wrenching changes – Big Tech and energy, not the Big Three and finance, now drive progress – but America has emerged stronger and on the cusp of a new prosperity. For… Please follow and like us:

Read More

It Could Take Goldman Sachs Years To Trade Bitcoin

Goldman Sachs Group Inc. started trending on Twitter on Monday when a spokesperson told the Wall Street Journal it is exploring cryptocurrency options for both trading services and the bank’s strategic investment division. There are already at least 70 hedge funds investing in cryptocurrencies like bitcoin, plus several new hedge funds in the pipeline. “In response… Please follow and like us:

Read More

IMF misreads the dynamics of debt

LI MIN/CHINA DAILY The International Monetary Fund recently said China’s average GDP growth in the next two years is expected to be 6.4 percent- higher than the earlier forecast of 6 percent. But a higher GDP growth is expected because of “the government’s reluctance to rein in ‘dangerous’ levels of debt”, the IMF said while also… Please follow and like us:

Read More