[ad_1] Mercedes-Benz reported lower third-quarter net profit and revenue after demand softened and foreign-exchange rates hurt its bottom line. The German luxury-car maker said Thursday its net profit in the…
Tag: Money/Currency Markets
Jury Convicts Hedge-Fund Manager Accused of Rigging Foreign-Exchange Market
[ad_1] A London hedge-fund manager accused of manipulating the foreign-exchange market was convicted Wednesday of fraud in a trial that opened a window into a complex corner of the global…
Fed Rate Moves Squeeze a Key U.S. Ally
[ad_1] Oct. 23, 2023 12:02 am ET South Korea’s alliance with the U.S. has strengthened during the Biden presidency. But the country’s economy has fallen victim to the rapid rise…
Trader’s Case Tests DOJ’s Policing of Global Currency Market
[ad_1] A London hedge fund’s big bet on the outcome of a South African party’s leadership vote earned it more than $20 million. Six years later, the trader who placed…
Why the U.S. Government Has $5 Billion in Bitcoin
[ad_1] The U.S. government is one of the world’s biggest holders of bitcoin, but unlike other crypto whales, it doesn’t care if the digital currency goes up or down in…
Is Bitcoin an Inflation Hedge? Here Are the Arguments on Both Sides
[ad_1] Two experts make their cases on whether bitcoin is protected from inflationary pressures, or is more of a speculative investment. [ad_2] Source link
The World’s Dollar Addiction Is Hard to Kick
[ad_1] Though the share of global foreign-exchange reserves in U.S. dollars remains near a 25-year low, there is little sign of rapid de-dollarization. [ad_2] Source link
Ether ETF Debut Leaves Small Investors Underwhelmed
[ad_1] Most of the futures-based funds ended their first trading day in the red. [ad_2] Source link
Dollar’s Resurgence Is a Headache for the Rest of the World
[ad_1] The currency bounced back in the third quarter, threatening global central bankers’ tricky task of bringing down inflation while protecting fragile economic growth. [ad_2] Source link