Tag Archives: falls

Bitcoin falls as China declares all crypto transactions illegal

Cryptocurrency electronic cash bitcoin banner advertisement seen in Hong Kong. (SOPA Images/Sipa USA) Bitcoin tumbled on Friday afternoon as the People’s Bank of China said all cryptocurrency-related transactions are illegal. The central bank vowed to crack down on illegal activities of cryptocurrency trading and banned overseas exchanges from providing services to mainland investors. It also said it will stop all companies from facilitating cryptocurrency trading and will strengthen monitoring… Source link

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US STOCKS-Wall Street falls on worries over slowing economic recovery

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Drugmakers Amgen, Merck weigh on Dow after rating cuts * Boeing drops after Ryanair ends jet order talks * Tinder parent Match Group jumps on joining S&P 500 * Indexes down: Dow 0.72%, S&P 0.42%, Nasdaq 0.02% (Updates to open) By Shashank Nayar Sept 7 (Reuters) – The Dow Jones and S&P 500 fell on Tuesday, as worries over the slowing pace of economic recovery overshadowed hopes that the… Source link

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FTSE falls as Johnson unveils tax rises

UK prime minister Boris Johnson plans to raise national insurance rates by an expected 1.25 percentage points. Photo: Toby Melville/Pool/Reuters Markets made moves lower on Tuesday in London as an announcement by prime minister Boris Johnson that the UK will implement a tax rise of more than £12bn a year reverberated. The tax rise will finance a new tranche of spending on health and social care and has been met with a wave of opposition from Conservative MPs. It is the largest tax increase in… Source link

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