Showing 1 - 10 of 17
Bitcoin booms and crypto conundrums
Dave Kendall, Published on 21/08/2023
» A plethora of issues divide opinion in 2023, but there are few more polarising subjects than cryptocurrencies.
Crypto market aflutter
Business, Published on 22/05/2023
» Last year was a rough one for cryptocurrencies as Bitcoin, the largest digital asset in the world, lost nearly 65% of its market value.
JPMorgan buys First Republic after regulators seize control
AFP, Published on 01/05/2023
» NEW YORK - US financial authorities seized California's troubled First Republic Bank on Monday and sold it to JPMorgan Chase, hoping to bring to a close a two-month banking crisis that has spooked the financial system.
Crypto spikes as SEC reassures public
Business, Nuntawun Polkuamdee, Published on 12/04/2023
» The price of Bitcoin surpassed US$30,000 on Tuesday, the highest level in 10 months, becoming the asset with the highest return year-to-date as investors become increasingly optimistic that the United States Federal Reserve (Fed) will soon end its aggressive monetary tightening.
China's strong economy drives global oil consumption
Published on 27/03/2023
» Entering 2023, the price of crude oil is stable slightly lower than last year, the Russia-Ukraine war continues into the 2nd year, and China has returned to open the country which tends to increase oil demand. However, what affects the price of oil is not just the fundamental factors of oil production or consumption, but also economic and financial aspects that are linked to fund flows. At present, investors are concerned about the monetary policy of the Federal Reserve (Fed) that if the policy rate is raised higher for longer than expected, it will cause a sell-off of risk assets including oil. From December 2022 until now, the price of ICE Brent crude oil has never moved above $90 per barrel, compared to last year when the price exceeded $100 per barrel from March-August 2022 and even exceeded $128 per barrel for a while.
Crypto-linked bank failures fuel regulation debate
AFP, Published on 17/03/2023
» LONDON: The global cryptocurrency industry has been slammed by setbacks, scandals and high-profile failures in recent months, sparking a regulatory rush to protect consumers from fraud and scams.
SET allays concerns among investors
Business, Published on 17/03/2023
» The Stock Exchange of Thailand (SET) yesterday rushed to ease concerns after a plunge in Credit Suisse shares, reigniting worries about a possible banking crisis.
Mutual and pension funds tamp down concerns
Business, Nuntawun Polkuamdee, Published on 16/03/2023
» The Association of Investment Management Companies (AIMC) and the Government Pension Fund (GPF) yesterday issued a statement announcing they have no direct investment in the assets of the collapsed Silicon Valley Bank (SVB).
Arkhom pledges stability after poll
Business, Wichit Chantanusornsiri, Published on 16/03/2023
» The government is ready to take action, even in a caretaker position before the next administration takes power, should global volatility affect the country's economy or financial system, Finance Minister Arkhom Termpittayapaisith told reporters.
Easing concerns about Silicon Valley collapse
Business, Published on 15/03/2023
» The collapse of three US banks in less than a week has sent shockwaves through the financial industry, with global stocks plunging and public confidence shaken.