Facebook’s Libra Crypto Coin: 5 Things We Know, and 5 We Don’t

Thanks;Joe Weisenthal Published;June 22, 2019, 6:00 AM EDT A visual representation of a digital cryptocurrency coin sits on display in front of a Facebook logo on June 17, 2019 in Paris, France.  Photographer: Chesnot/Getty Images Europe Facebook Inc. unveiled plans for a new cryptocurrency called Libra this week. When it launches in 2020 or later, it will be…

China has a silver bullet in its trade-war arsenal

Thanks;Ivan Martchev Published: May 23, 2019 10:15 am ET Xi Jinping, president of China If China devalues the yuan, the country might think it can win the trade war and fix its massive debt overhang Idioms are defined as fascinating phrases that add color to otherwise more complex discussions — a way to make them more…

The Payment Industry Ecosystem: The trend towards digital payments and key players moving markets

Thanks;Jaime Toplin Published;Dec. 21, 2018, 11:44 AM Payments ecosystem 2019: Key players in payments value chain This is a preview of a research report from Business Insider Intelligence. Current subscribers can read the report here. The digitization of daily life is making phones and connected devices the preferred payment tools for consumers — preferences that are causing digital…

Visa and MasterCard to cap fees for non-EU travellers

Thanks; ANDREW PENTOLWednesday, 2 January 2019 13:50 Published;Wednesday, 2 January 2019 13:50 MasterCard and Visa have offered to cap face-to-face transactions at 0.2% for debit and 0.3% for credit transactions. The European Commission has announced that non-EU MasterCard and Visa debit and credit cards used in European stores will have the same rates of interchange fees…

Critical information for the U.S. trading day

Thanks;Barbara Kollmeyer Published: Oct 18, 2018 9:39 am ET Analyst who predicted the 2008 crash warns of bubble brewing in U.S. household wealth Much has been made about how much wealth is sloshing around in U.S. households and the significance of that fact.  Our call of the day, pulls no punches as it warns that all…

Why Trade Is Evolving, Not Going Away

Thanks;Francisco Aristeguieta CEO, Citigroup Asia Pacific/ *This article originally appeared as part of the 2018 Milken Institute Asia Summit. Published;September 13, 2018 Anyone focused exclusively on the bold headlines and market moves of 2018 can be forgiven for concluding that trade is doing more than just rattling markets. To some, these moves signal the demise…

Taiwan machinery industry benefits from US-China trade war

Thanks;Jakarta, posted: Published;Thu, August 16, 2018 | 12:45 pm A exhibit at the 16th Taipei International Plastics and Rubber Industry show (Taipei Plas) in Nangang Exhibition Center in Taipei, on Wednesday.(JP/Dewanti A. Wardhani) While the United States and China have got embroiled in a trade war, Taiwan has risen to become a beneficiary of the…