Latest News
Our news section is a meticulously compiled repository of the latest events, updates, and emerging trends spanning the dynamic industries of Liquidity, Forex, Cryptocurrency, and FinTech and serves as an informative platform for those seeking to keep up-to-date with the rapidly evolving landscapes of these sectors. This curated collection acts as a hub, capturing the pulse of these industries and ensuring our readers are always at the forefront of the latest developments.
Capital One Becomes First Big Bank To Ditch Overdraft Fees
Capital One (COF) stated on Wednesday that it will abolish overdraft charges at the beginning of the next year, making it the biggest bank to waive fees that cost Americans — particularly the financially weak — billions of dollars each year.
Banks and Finance
Dollar Falls While Yen and Swiss Franc Gain In Post-Omicron Gyrations
On Wednesday morning, the dollar sank versus the yen and the Swiss franc, despite riskier British and Australian currencies rising from day-ago lows. The fluctuations highlighted the tenuous nature of the earlier-in-the-day tranquillity that appeared to settle over the foreign currency markets.
Forex
China to Close Loophole Used by Tech Firms for Foreign IPOs
China is planning to ban companies from going public on foreign stock markets through variable interest entities, according to people familiar with the matter, closing a loophole long used by the country’s technology industry to raise capital from overseas investors.
Companies Discover
Bitcoin Analysis, The Next Target Is $77K
The news about the spread of the Omicron strain of COVID-19 hit markets around the world on November 26, including the cryptocurrency market. Meanwhile, the previous market crusher, the Delta variant, which now accounts for the biggest percentage of COVID-19 cases, is still widespread and not fully understood.
Crypto
Oil Gains And Stocks Tick Up As OPEC Meet On Omicron
Oil prices rose strongly on Wednesday in London, recovering from the losses the day before as OPEC held a virtual meeting. The group convened at 1 p.m. GMT to shed some light on the possible impact on fuel demand while the globe examines the potential negative consequences caused by the Omicron strain.
Stocks
Eurozone Factory Growth Picked Up in November But Inflationary Pressures Mounted
According to a survey, manufacturing growth in the eurozone accelerated modestly last month, but supply chain bottlenecks deteriorated, limiting production and driving raw material costs up at the quickest rate in over two decades.
Stocks
Cryptocurrencies Brace For Winter, Virtual Adidas And a Bitcoin City
Cryptocurrencies survived one of the largest market shocks since the earliest days of the pandemic last week, with El Salvador a notable dip buyer, while investors decided not to share Adidas' excitement over a foray into the buzzy metaverse.
Crypto