China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings last week.
(Reuters) - Wall Street opened sharply higher on Monday on relief that Irma weakened to a tropical storm and North Korea did not conduct a nuclear test over the weekend as feared.
While the President Muhammadu Buhari-led federal government rolled out the drums and clinked glasses in celebration of the Nigerian economy's exit from recession last week, many, especially economic experts were unanimous in their view that apart from stability in the oil producing delta region, the Central Bank of Nigeria (CBN) deserve commendation for the key role in played in the struggle for the recovery of the economy from the strangulating hands of recession.
The European Union has invested more than €5 million (around $6 million) in startups that are working on various projects involving blockchain.
This week's Inflation data will give a crucial indication of the BoE's likely stance Thursday and could yield a major repricing of the Pound's value against the Euro we are told.
BEIJING (Reuters) - China’s central bank on Monday scrapped two measures that were put in place to support the yuan when it was under significant selling pressure, suggesting Beijing is anxious to quash one way bets on the yuan as outflows ease and exporters face strain.
Next trading day's important events
- 11:30 (GMT 3) UK - Consumer Price Index (YoY) (Aug)
- USDJPY: 108.78
- EURUSD: 1.1984
- S&P 500: 2482.96
- NASDAQ: 6436.78