Tag: currency

Bitcoin passes $30,000 for the first time

Bitcoin, the leading virtual currency, saw its price pass $30,000 on Saturday for the first time in just its latest record high. The first decentralised cryptocurrency surpassed $30,823.30 at 1313 GMT, according to data compiled by the Bloomberg news agency, having broken $20,000 on December...

Teachers and lion tamers get same wage under Cuban reform

Cuban school teachers, journalists, lion tamers and doctors-in-training will earn the same salary under reforms spelled out Thursday and taking effect in the new year. The changes will quintuple the minimum salary to the equivalent of $87 a month and prices in the state-run economy...

Bitcoin’s rollercoaster ride

Virtual currency bitcoin -- which broke the $20,000 barrier in trading for the first time Wednesday -- morphed from an academic paper to one of the world's most closely-watched crypto currencies. Here is a look at its tumultuous rise, fall and rise again. - Mysterious beginnings...

LGE: Expect more credit rating downgrades if PN govt continues to bury its head in the sand

expect-more-credit-rating-downgrades-if-perikatan-govt-continues-to-bury-its-head-in-the-sand,-says-ex-finance-minister
KUALA LUMPUR, Dec. 7 -- DAP's Lim Guan Eng has warned the government to expect more sovereign credit rating downgrades for Malaysia in the future if it does not accept that the country is in the midst of an economic and political crisis. The recent...

BSF officer crawls 150 feet into tunnel used by Jaish terrorists, finds Pak imprint

bsf-officer-crawls-150-feet-into-tunnel-used-by-jaish-terrorists,-finds-pak-imprint
India, Nov. 24 -- The director general of the Border Security Force (BSF), Rakesh Asthana, on Monday ordered intensified patrolling of the international border with Pakistan in the Samba and Rajouri sectors of Jammu & Kashmir with the objective of unearthing more cross-border tunnels...

JB businesses hoping for a better tomorrow once Singaporeans can cross over again

jb-businesses-hoping-for-a-better-tomorrow-once-singaporeans-can-cross-over-again
JOHOR BARU, Nov. 24 -- It is no exaggeration to say most of the businesses here relied on customers from across the Causeway. Since the Malaysia-Singapore border closed in March this year, businesses in what is popularly known as the JB city centre have suffered. Before...

Fiscal deficit reduction; is there a magic number? – Jason Loh

tengku-zafrul-says-prefers-corporate-sector-but-has-to-fulfill-finance-minister-duties,-not-interested-in-politics
Kuala Lampur, Oct. 31 -- Covid-19 has reignited that never-ending debate on the effectiveness of fiscal policy versus monetary policy in times of economic crises and doldrums. By extension, one of the burning issues arising from this is the level of the fiscal deficit...

US destroyer sails through Taiwan Strait, provoking China

us-destroyer-sails-through-taiwan-strait,-provoking-china
A US warship sailed through the Taiwan Strait in what the American military described as a “routine” passage Wednesday, but enraging China, which claims sovereignty over the island and surrounding seas. Ties between Beijing and Washington have deteriorated in recent months, over issues including trade...

Hong Kong plunges into recession as protests, trade war take toll

by Jerome TAYLOR Hong Kong on Thursday confirmed it had plunged into its first recession since the global financial crisis as months of seething pro-democracy protests and the US-China trade war exact a heavy toll on the financial hub. The semi-autonomous Chinese city has been upended...

US designates China a ‘currency manipulator’ as trade war rages

by Douglas Gillison with Kelly Wang in Shanghai The United States on Monday formally accused China of manipulating its currency, marking the second major escalation in the two countries' spiraling trade war in just 24 hours. Washington's sudden move came the day China allowed the yuan...
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