Fri12152017

LAST_UPDATEThu, 14 Dec 2017 11pm

Bitcoin Futures Race Higher In Volatile Launch, Dollar Steady

SYDNEY: Futures in bitcoin, which has taken global financial markets by storm, got off to a volatile start at its launch, while the dollar kept gains in Monday’s Asian session on expectations the Federal Reserve will stick to its tightening path.

Read more: Bitcoin Futures Race Higher In Volatile Launch, Dollar Steady

Oil Prices Drop On Increased U.S. Rig Drilling

Pic: Reuters

SINGAPORE: Oil prices fell on Monday, pulled down as the latest rise in the U.S. rig count pointed to a further increase in American production, potentially undermining efforts led by OPEC to tighten markets.

Read more: Oil Prices Drop On Increased U.S. Rig Drilling

Kuwait Oil Minister: Exit Strategy Of Global Cuts To Be Discussed Before June

Pic: ReutersKUWAIT: Kuwait’s oil minister Essam al-Marzouq said on Sunday that OPEC and other oil producers will study before June the possibility of an exit strategy from the global oil supply-cut agreement.

Read more: Kuwait Oil Minister: Exit Strategy Of Global Cuts To Be Discussed Before June

After Bitcoin’s Wild Week, Traders Brace For Futures Launch

Pic: Reuters (Virtual currency Bitcoin tokens are seen in this illustration picture, December 8, 2017. Picture taken December 8.)

NEW YORK - The newest way to bet on bitcoin, the cyptocurrency that has taken Wall Street by storm with its stratospheric price rise and wild daily gyrations, will arrive on Sunday when bitcoin futures start trading.

Read more: After Bitcoin’s Wild Week, Traders Brace For Futures Launch

McDonald's Malaysia Refutes Israel Ties After Boycott Calls

Pic: Reuters

KUALA LUMPUR: The Malaysian franchise of McDonald's Corp said it was "disappointed" with calls on social media to boycott the fast food restaurant chain in apparent retaliation to the United State's recognition of Jerusalem as the capital of Israel.

Read more: McDonald's Malaysia Refutes Israel Ties After Boycott Calls

Bitcoin Drops After Dramatic Gains Ahead Of Futures Launch

LONDON/NEW YORK: Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.

Read more: Bitcoin Drops After Dramatic Gains Ahead Of Futures Launch

Things You Might Not Know About Ballistic Bitcoin

Pic: Reuters

LONDON: Bitcoin rocketed to another record high close of US$16,000 on the Luxembourg-based Bitstamp exchange on Thursday after gaining more than US$4,000 in just 48 hours, stoking concerns that a rapidly swelling bubble could be set to burst.

Read more: Things You Might Not Know About Ballistic Bitcoin

Bitcoin Plummets More Than 12 Percent To Below $15,000

Pic: ReutersTOKYO: Bitcoin tumbled more than 12 percent in volatile Asian trading on Friday, dropping below the $15,000 level after touching a record high above $16,000 earlier in the session.

Read more: Bitcoin Plummets More Than 12 Percent To Below $15,000

Moody’s Affirms Malaysia’s A3 Rating With Stable Outlook

KUALA LUMPUR: Moody’s Investors Service (Moody’s) today affirmed the government’s local and foreign currency issuer and senior unsecured bond ratings at A3 with stable outlook.

Read more: Moody’s Affirms Malaysia’s A3 Rating With Stable Outlook

Malaysia Heading Towards Next Wave Of E-Payment

KUALA LUMPUR: Malaysia is on the brink of the next wave of e-payment transformation, driven by the high penetration of mobile phones.

Read more: Malaysia Heading Towards Next Wave Of E-Payment