Bitcoin has followed a volatile path to growing acceptance since its creation in 2009 with its price fluctuating between $0.30 and $1,135 in its short existence. But bitcoin is now accepted as payment by a growing number of mainstream merchants
Big Arab banks with money to spend are expanding across the Middle East in markets such as Egypt and Iraq, as they take advantage of a retreat from some areas by major international rivals, senior Arab bankers say.
Since 2011, som
Central banks should co-ordinate to avoid unwanted side-effects as they exit from ultra-easy monetary policies that have left the world awash in cheap money, top policymakers were told yesterday.
Opening the second day of an annua
Manufacturing across the world stumbled last month, underlining the fragility of the global economy and building the case for more action from leading central banks.
Gloomy purchasing managers indexes - surveys of factory activity
Brent crude oil rose above $112 a barrel on Thursday, supported by renewed confidence that major central banks would keep taking steps to support the global economy.
Brent crude for April delivery gained 19 cents to $112.06 a barr
The world is awash in easy money, with consequences that are starting to worry some central bankers and business leaders at the Davos World Economic Forum (WEF), though so far inflation fears seem overdone.
With developed world go
An anemic recovery in the US, a technical recession in the UK, a struggling Europe, a suffering Japan and a sluggish performance in emerging markets count among the global markets outlook for 2013, said an expert.
The issues facin
Central bankers who traveled to the wilds of Wyoming to figure out if more policy action was needed to curb stubbornly high unemployment heard powerful arguments on both sides of the debate, and leave with many questions unansw
China, the euro zone and Britain loosened monetary policy in the space of less than an hour on Thursday, signalling a growing level of alarm about the world economy, although suggestions of coordinated action were played down.
Of the three
Gold edged higher on Tuesday, after weak manufacturing data across the globe rekindled hopes for more easing from central banks to support recovery.
Gold thrives on abundant money supply and low interest rates, which increases inflation ou