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Currencies

Short seller Jim Chanos slams Michael Lewis' defense of FTX and compares the failed crypto exchange to Enron

Mon, 10/02/2023 - 05:47

Composite of Sam Bankman-Fried and Michael Lewis. — Composite of Sam Bankman-Fried and Michael Lewis.
Drew Angerer/David Levenson/Getty Images

Markets, mi-exclusive, Markets, Currencies, Cryptos, sam-bankman-fried, ftx

Warren Buffett lost a bet on a college-football game. He paid up by shipping a decades-old $5 bill using FedEx.

Sun, 10/01/2023 - 06:35

Tech Insider : Crypto

Warren Buffett — Warren Buffett.
Leon Halip/Getty Images

Markets, mi-exclusive, Markets, Currencies, us-dollar, crypto, Bitcoin

Russia is using China's yuan to settle 25% of its trade with the rest of the world, report says

Thu, 09/28/2023 - 07:38

Russian President Vladimir Putin and Chinese President Xi Jinping attend a reception at the Kremlin in Moscow, Russia March 21, 2023. — Vladimir Putin and Xi Jinping attending a reception at the Kremlin in March.
Sputnik/Pavel Byrkin/Kremlin via REUTERS

Markets, mi-exclusive, Markets, De-Dollarization, dedollarization, us-dollar, china-yuan

The Taliban-controlled afghani has thrashed the US dollar this quarter, becoming the world's best-performing currency

Tue, 09/26/2023 - 07:04

Taliban in a van patrol the streets of the city on October 9, 2021 in Kabul, Afghanistan. — Afghanistan's currency has been the world's best performer over the past quarter.
Photo by Marco Di Lauro/Getty Images

Markets, mi-exclusive, Markets, Currencies, us-dollar, Afghanistan, Taliban

The dollar jumps to a fresh high for 2023 as investors bet the Fed's inflation fight is nowhere near over

Tue, 09/26/2023 - 05:21

US dollar — The US dollar has racked up 10 straight weeks of gains, with investors betting the Federal Reserve will have to hold interest rates at a higher level for longer to crush inflation.
SimpleImages

Markets, mi-exclusive, Markets, Currencies, us-dollar, federal-reserve, interest-rates

The de-dollarization drive is spreading wider - Indonesia is the latest nation to join the anti-buck movement

Wed, 09/20/2023 - 11:57

US dollar — SimpleImages

Markets, mi-exclusive, Markets, De-Dollarization, us-dollar, Indonesia, dedollarization

The BRICS' messaging about de-dollarization could get even messier if Zimbabwe joins the group's bank

Tue, 09/19/2023 - 01:19

Tech Insider : Economy

A currency trader mends an worn $2 bill at a market. — The BRICS' messaging about de-dollarization could get even messier if Zimbabwe joins the group's bank.
Tsvangirayi Mukwazhi/Associated Press

Markets, economy, mi-exclusive, Markets, Currencies, BRICS, De-Dollarization

Forget the dollar – China has its hands full propping up the yuan against 23 other currencies, report says

Wed, 09/13/2023 - 08:50

currencies renminbi yuan dollar euro — A man walks past an advertisement promoting China's renminbi (RMB) or yuan ,US dollar and Euro exchange services at money exchange in Hong Kong.
Reuters/Tyrone Siu

Markets, mi-exclusive, Markets, Yuan, China, Currencies, Dollar

A BRICS currency backed by gold 'makes no sense whatsoever,' says one market guru

Wed, 09/13/2023 - 07:08

Gold bullion bars are pictured after being inspected and polished at the ABC Refinery in Sydney on August 5, 2020. — Creating a BRICS currency backed by gold makes no sense, says David Woo.
Photo by David Gray/AFP

Markets, mi-exclusive, Markets, BRICS, Gold, China, us-dollar

China vows to support yuan through crisis, bouncing the embattled currency from a 16-year low

Mon, 09/11/2023 - 05:24

China yuan — China's yuan has tumbled in recent weeks.
Bloomberg Creative/Getty Images

Markets, mi-exclusive, Markets, Currencies, Yuan, China

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