Chip Boom Loses Steam on Slowing PC Sales, Crypto Rout

Chip Boom Loses Steam on Slowing PC Sales, Crypto Rout.

Russia is poised to default on its debt – so what does that mean?

Russia is poised to default on its foreign debt for the first time since the 1917 Bolshevik Revolution, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine. The country faces a Sunday night deadline to meet a 30-day grace period on interest payments originally due May 27. … Read more

Why BlackRock is bullish on blockchain, but not bitcoin

BlackRock has no plans to launch a bitcoin product, but is bullish on the blockchain technology that underpins cryptocurrencies, according to one of its most senior executives. “In terms of the underlying technology of blockchain, it is incredibly innovative and incredibly disruptive,” Salim Ramji, global head of iShares and index investments at BlackRock told Financial … Read more

SocGen accuses Clifford Chance of negligence in £ 384m gold bullion dispute

Societe Generale has accused Clifford Chance of negligence over its work for the bank in a dispute over £ 384m-worth of gold bullion. SocGen engaged the Magic Circle law firm in 2008 to pursue Turkish jewelery maker Goldas. The bank claimed Goldas had failed to pay for 15,725 metric tonnes of gold bullion. The bank … Read more

The Lords of Money Pose Massive Threats to Markets

Think the Fed’s job is hard? At least the US Federal Reserve can concentrate on fighting inflation. In Japan and Europe, the central banks are battling the markets, not merely price rises. That’s leading to some very strange, even contradictory, policies. The troubles of the three central banks mean investors should prepare for the sort … Read more

Bitcoin’s nosedive through the $ 20,000 mark is a Minsky Moment for crypto: ‘Psychologically for a lot of people, this is galling’

Is bitcoin BTCUSD, + 4.97% facing a breaking point? That’s what some investors, acolytes and otherwise, might be contemplating, as the cryptocurrency’s descent accelerates over the weekend. The world’s No. 1 digital asset was last trading at $ 18,654, down more than 70% from its peak of around $ 65,000, with the broader crypto market … Read more