Argentina’s new President, Javier Milei, has wasted no time in implementing a libertarian economic agenda. In a bold move, he has issued over 350 economic deregulations aimed at removing barriers in various industries. One of these deregulations is the acceptance of Bitcoin and other cryptocurrencies as legitimate means of payment for contracts.Chancellor Diana Mondino has […]
A recent report by the Swiss Financial Market Supervisory Authority (FINMA) has revealed that Credit Suisse’s parent bank had lower capitalization than expected, which had negative consequences for the bank during the crisis. The report highlights that the regulations for large banks, particularly the “Too big to fail” requirements, allowed the parent bank to maintain […]
Argentina’s new President, Javier Milei, has implemented a 50% devaluation of the Argentine peso and made cuts to energy and transportation subsidies. This move has caused the peso’s value to drop from 400 to 800 pesos per U.S. dollar, which has raised concerns about the country’s economic situation.In light of these developments, cryptocurrencies, particularly Bitcoin […]
Despite popular predictions of an impending recession, the data continues to tell a different story. The annualized growth of the gross domestic product in the third quarter was a staggering 5.2%, the fastest pace since the fourth quarter of 2021 when substantial government anti-Covid stimuli were still flowing through the economy.And just this morning, even […]
Argentina’s new President, Javier Milei, has announced a 50% devaluation of the Argentine peso and cuts to energy and transportation subsidies. This move is expected to worsen the country’s economic situation initially, according to Economy Minister Luis Caputo. In light of these developments, cryptocurrencies, particularly Bitcoin and stablecoins, could play a crucial role.Milei, who describes […]
The DAX, driven by the prospect of falling interest rates, broke its four-month-old record on Tuesday. The index climbed 0.78% to 16,533.87 points, surpassing the previous high of nearly 16,529 points at the end of July. The year-end rally continues, with the DAX gaining 9.5% in November alone. Since its low point in October, near […]
The DAX, driven by the prospect of falling interest rates, broke its four-month-old record on Tuesday. The index climbed 0.78% to 16,533.87 points, surpassing the previous high of nearly 16,529 points at the end of July. The year-end rally continues, with the DAX gaining 9.5% in November alone. Since its low point in October, near […]
European banks are facing challenges as their stocks continue to trade below their book value, according to a study by Boston Consulting Group (BCG). The analysis reveals that 73% of European banks are being traded below their book value, with some banks experiencing this situation for an extended period of time. Despite solid profits, investors […]
European banks are facing challenges as their stocks continue to trade below their book value, according to a study by Boston Consulting Group (BCG). The analysis reveals that 73% of European banks are being traded below their book value, with some banks experiencing this situation for an extended period of time. Despite solid profits, investors […]
Raiffeisen Bank’s chief economist, Fredy Hasenmaile, has issued a warning about the challenging situation facing the Swiss economy. He predicts that the country’s economic growth will be sluggish in the coming year, citing the persistent strength of the Swiss franc as the main factor. This is particularly impacting the traditional manufacturing industry and exacerbating the […]
