How Asia can protect its crazy riches

By Satyajit Das With support for globalization and free trade declining in much of the world, Asia has a historic chance to break out of its traditional role as a capital exporter to the West and to instead redirect flows to improve its own economies and financial industries. According to some estimates, the region’s pool … Read more How Asia can protect its crazy riches

View: India needs to correct some structural flaws to revive growth

Growth is stalled for want of investment and because the mechanism for mediating savings to investment is broken. Merely cutting lending rates or creating liquidity will not do. Reviving growth calls for spending political capital, to fix structural problems. Tell the farmer and everyone else they have to pay for the power they consume, that … Read more View: India needs to correct some structural flaws to revive growth

Will the rapid rise in algo trading leave traditional traders behind?

By DK AggarwalFinancial trading floors are experiencing a huge transition from innovative technologies. It has given traders more powers to do fast execution of trades with discipline in a rapidly changing market scenario by reducing human errors, as computer-programmed software remains unaffected by human psychology. In today’s era, where more and more traditional traders follow … Read more Will the rapid rise in algo trading leave traditional traders behind?

Making sense of chaos? Algos scour social media for clues to crypto moves

LONDON: After months of relative calm in cryptocurrency markets, bitcoin exploded back into life in April with its sharpest price jump in over a year – but few people could convincingly explain why. The 20% leap focused investors’ attention on one of the enduring mysteries of cryptocurrencies: what moves the price of an emerging asset … Read more Making sense of chaos? Algos scour social media for clues to crypto moves

Indian-Origin CEO Of US-Based Hedge Fund Firm Charged For Securities Fraud

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The Indian-origin CEO and a trader in his firm carry a minimum of 25 years in prison. (Representational) New York:  An Indian-origin founder of a Manhattan-based hedge fund firm and a former trader of the enterprise have been found guilty of securities fraud for their participation in a scheme to inflate the net asset value … Read more Indian-Origin CEO Of US-Based Hedge Fund Firm Charged For Securities Fraud

Opec agrees to extend oil output cuts into 2020 as demand falters

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By Salma El Wardany, Fred Pals and Julian Lee Opec will extend production cuts into 2020 as the world’s leading oil exporters fret about a weakening outlook for global demand growth and the relentless rise in output from America’s shale fields. Ministers from the group meeting in Vienna agreed to prolong their supply curbs by … Read more Opec agrees to extend oil output cuts into 2020 as demand falters

Weekends are the Wild West for bitcoin, but nobody knows why

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By Vildana Hajric Thinking of jumping into Bitcoin? If this week’s boom and bust trading didn’t scare you away, you might want to do so on a Saturday or Sunday. Bitcoin, which trades 24/7, tends to spike on weekends. In fact, surges in weekend activity since the beginning of May account for about 40% of … Read more Weekends are the Wild West for bitcoin, but nobody knows why

Bitcoin back above $10,000 level isn’t just about Mark Zuckerberg

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By Lionel Laurent Apparently, Mark Zuckerberg has helped Bitcoin to surge past $10,000 again, a price it first surpassed in 2017 as part of an epic speculative bubble that popped not long after. Last week, the Facebook Inc. co-founder unveiled his social network’s cryptocurrency, Libra, a corporate version of Bitcoin that embraces regulation and is … Read more Bitcoin back above $10,000 level isn’t just about Mark Zuckerberg

Excess supply, fall in demand to keep crude oil prices in check

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Oil prices were highly volatile last week and ended with a negative bias as demand variable outweighed the rising political tensions in the Middle East. Data from China showed that factory output slowed to its weakest pace on record last month, adding to pressure on the country to unleash further fiscal and monetary stimulus as … Read more Excess supply, fall in demand to keep crude oil prices in check

Now unfolding, the opportunity for India from US-China trade tension

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Escalating trade tensions between the US and China can turn into a blessing in disguise for the Indian economy. Industry watchers and economists hope the ongoing tussle may slow down the world’s two biggest economies and channel some overseas investment to India. The ongoing tariff war may also benefit select industries and cap the upside … Read more Now unfolding, the opportunity for India from US-China trade tension

Gold: Data prints from US suggest it is time to go bottom fishing in gold

By Pritam Kumar Patnaik Gold has just had an eventful week: a slew of data released last week kept gold prices volatile. US GDP data was in focus, which came in towards the end of the week. Post GDP data release, gold prices corrected sharply only to recover and close marginally higher. US GDP grew … Read more Gold: Data prints from US suggest it is time to go bottom fishing in gold

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