Market Archive

US regulator approves Bitcoin trading

Bitcoin has taken another step toward the financial mainstream, after a US regulator said it would let two traditional exchanges begin trading in Bitcoin-related financial contracts. CME Group and CBOE Global Markets exchanges will offer investors Bitcoin futures from later this month. The move sent the crypto-currency’s price up, continuing its volatile week. Bitcoin hit

US stocks pare losses triggered by Michael Flynn reports

Stocks on Wall Street closed lower on Friday, but pared the steepest losses triggered by reports related to an ongoing investigation of Russian influence in the Trump campaign. Increased confidence that Congress is on track to pass a corporate tax cut helped to stem the declines. The Dow Jones closed at 24,231.59, down 40.76 points

UK warned on cost of ‘hard Brexit’

The leading authority on world trade has told the BBC that there are likely to be costs attached to a “hard Brexit”. Roberto Azevedo, director general of the World Trade Organisation, said that negotiations between the UK and the European Union would be difficult and “extremely unpredictable”. He said achieving a smooth exit and a