LONDON (AP) — Europe has moved to lead the world in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for tighter scrutiny. European Union negotiators hammered out the final details for a provisional agreement late Thursday on a sweeping package of crypto regulations for the bloc’s 27 nations, known as Markets in Crypto Assets, or MiCA. “In the Wild West of the crypto-world, MiCA will be a global sta
— Read on ca.finance.yahoo.com/news/european-union-inks-deal-crypto-094436213.html
Category: Blog
The market’s worst first half in 50 years has all come down to one thing
A multitude of factors conspired to generate the stock market’s worst first-half since 1970, but they all emanated from one word: inflation.
— Read on www.cnbc.com/2022/06/30/the-markets-worst-first-half-in-50-years-has-all-come-down-to-one-thing.html
Stock futures are flat as S&P 500 tracks for worst first half of the year since 1970
U.S. stock index futures were flat overnight trading Wednesday.
— Read on www.cnbc.com/2022/06/29/stock-market-futures-open-to-close-news.html
China’s central bank, BIS set up renminbi liquidity arrangement | Reuters
China’s central bank said on Saturday it had signed an agreement with the Bank for International Settlements to establish a Renminbi Liquidity Arrangement (RMBLA) that will provide support to participating central banks in times of market fluctuations.
— Read on www.reuters.com/markets/currencies/chinas-central-bank-bis-set-up-renminbi-liquidity-arrangement-2022-06-25/
Four ways to store value as inflation erodes your cash – BNN Bloomberg
Four ways to store value as inflation erodes your cash – BNN Bloomberg
— Read on www.bnnbloomberg.ca/four-ways-to-store-value-as-inflation-erodes-your-cash-1.1783361
Inflation surges to 7.7% in Canada, fastest pace since 1983 – BNN Bloomberg
Inflation surges to 7.7% in Canada, fastest pace since 1983 – BNN Bloomberg
— Read on www.bnnbloomberg.ca/inflation-surges-to-7-7-in-canada-fastest-pace-since-1983-1.1782242
World’s bubbliest housing markets are flashing warning signs – BNN Bloomberg
World’s bubbliest housing markets are flashing warning signs – BNN Bloomberg
— Read on www.bnnbloomberg.ca/world-s-bubbliest-housing-markets-are-flashing-warning-signs-1.1782289
Stagflation Threat Needs Central Bank Action, BIS Warns
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergHyundai Quietly Climbs the EV Sales Charts and Elon Musk NoticesGermany Pushes for G-7 Reversal on Fossil Fuels in Climate BlowProtest Latest: More Justice Homes Targeted in Day Two of CrowdsJustice Kavanaugh Says States May Not Bar Travel to Obtain an AbortionFear Has Gone Missing in Wall Street’s Slow-Motion Bear MarketThe world economy risks entering a new era
— Read on ca.finance.yahoo.com/news/stagflation-threat-needs-central-bank-090000767.html
Banking body BIS urges decisive wave of global rate hikes to stem inflation
The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised “quickly and decisively” to prevent the surge in inflation turning into something even more problematic. The Swiss-based BIS has held its annual meeting in recent days, where top central bankers met to discuss their current difficulties and one of the most turbulent starts to a year ever for global financial markets. Surging energy and food prices mean inflation in many places is now its hottest in decades.
— Read on ca.finance.yahoo.com/news/banking-body-bis-urges-decisive-090343778.html
Visualizing the Three Different Types of Inflation
What are the different types of inflation? Which economic forces impact each type? In this graphic, we chart each over modern history.
— Read on advisor.visualcapitalist.com/three-different-types-of-inflation/