Zero yen: Japanese cryptocurrency exchange briefly trips up trade

Zero yen: Japanese cryptocurrency exchange briefly trips up trade

TOKYO (Reuters) – A Japanese cryptocurrency exchange undergoing checks by regulators has said a system failure let investors briefly trade a digital currency for zero yen, highlighting security concerns about such assets after last month’s cyber heist at Coincheck Inc. Zaif, an exchange run by Osaka-based Tech Bureau Corp, said on Tuesday a problem in […]

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Abbas, Haley exchange strong criticism over Middle East at UN Security Council

Abbas, Haley exchange strong criticism over Middle East at UN Security Council

With President Trump’s Middle East peace envoys looking on, Palestinian Authority President Mahmoud Abbas on Tuesday accused the Trump administration of abdicating its commitment to a peace settlement and an independent Palestinian state. Abbas, the leader on whom three U.S. presidents have hung hopes for successful negotiations, all but wrote off Washington as a potential […]

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S&P 500 Vs. Euro Stoxx 600 And Exchange Rates

S&P 500 Vs. Euro Stoxx 600 And Exchange Rates

Today is an important day for equities. After a sharp sell-off earlier this month, stocks staged a recovery last week. The recovery has stalled near retracement objectives, which could be a potential turning point in the market. The Dow Jones Stoxx 600 peaked on January 23 and dropped about 9% through February 9. Through yesterday, […]

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(Image: Hawaii News Now)

Business Report: How currency exchange rates affect visitors

(Image: Hawaii News Now) In this Illustrated Economics, Howard dives into how currency exchange rates affect our visitors. International visitors to Hawaii typically convert their money to U.S. dollars. But currency exchange rates change all the time. The Japanese yen has lately been very strong. Today it takes 107 yen to buy a dollar. Yesterday it […]

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Euro US Dollar (EUR/USD) Exchange Rate Tumbles ahead of US FOMC Minutes

Euro US Dollar (EUR/USD) Exchange Rate Tumbles ahead of US FOMC Minutes

Hawkish US Fed Hopes Limit the Euro US Dollar (EUR/USD) Exchange Rate The Euro US Dollar (EUR/USD) exchange rate collapsed on Tuesday, tumbling as markets optimistically prepared for this week’s run of US Federal Reserve Policymaker speeches and tomorrow’s highly anticipated US Federal Open Market Committee (FOMC) meeting minutes. It would appear that the strong […]

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Euro to Pound Exchange Rate Slides as Eurozone Economic Confidence Drops Off

Euro to Pound Exchange Rate Slides as Eurozone Economic Confidence Drops Off

Sliding Eurozone Confidence Levels Trigger EUR/GBP Exchange Rate Losses The Euro to Pound exchange rate has dropped by -0.5% today, following the release of disappointing economic confidence readings for February. The ZEW economic sentiment scores for Germany and the Eurozone have fallen in February, although not to the levels predicted by economists. This has also […]

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Exchange rate challenge hits Italian grape exporter in UK market

Exchange rate challenge hits Italian grape exporter in UK market

Fresh Fruit PortalAn Italian table grape exporter specialising in premium varieties has urged UK retailers to share more of the cost burden of a weakened pound, claiming shippers will not be able to sustain the associated losses much longer.  “Last year we kept the market, even reducing our profit. We more or less accepted the […]

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