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23 Jan 2018   
NZCity NewsLinks
HSBC to pay $101.5m to settle currency rigging probe
Financial giant HSBC agrees to pay $101.1m, confirming it misused client information for its own profit. 
© 2018 BBCWorld Fri 10:14pm 

HSBC to pay $136 million in currency rigging settlement
HSBC has agreed to pay just over US$100 million ($136.9m) in penalties to settle a US Department of Justice probe into currency rigging.The payment comprises of US$38.4m in restitution and a US$63.1m fine, with the latter reflecting... 
© 2018 NZ Herald Fri 2:04pm 

NZ dollar steadies against US after sharp fall
The New Zealand dollar steadied after falling more than half a US cent in the local session after traders were reluctant to take the currency through key technical levels.The local currency dropped to 72.60 US cents as at 5pm from... 
© 2018 NZ Herald Thu 6:04pm 

NZ dollar steadies after sharp fall, US bear run may not be over
The New Zealand dollar steadied after falling more than half a US cent in the local session after traders were reluctant to take the currency through key technical levels 
© 2018 Thu 5:34pm 

Bitcoin below $10,000; value halved since mid-December
NEW YORK (AP) — Bitcoin fell below $10,000 Wednesday, extending a sell-off that has erased about half the digital currency's value in one month. Other digital currencies fell sharply as well.Bitcoin has slumped about 30 percent... 
© 2018 NZ Herald Thu 9:24am 

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New eurogroup chief urges speed in strengthening euro
BERLIN (AP) — The eurozone finance ministers' new leader says Europe needs to use a "unique window of opportunity" in the coming months to strengthen the continent's common currency.Portuguese Finance Minister Mario Centeno traveled... 
© 2018 NZ Herald Thu 5:24am 

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Bitcoin: South Korea sways cryptocurrency prices - but how?
The Asian nation has been a big adopter of virtual currency, so developments there have a global impact. 
© 2018 BBCWorld Wed 9:04pm 

NZ dollar dips as policymakers grumble over global currency volatility, US reopens
The New Zealand dollar edged lower as Japanese and European policymakers raised concerns over excessive volatility in currency markets and as US investors returned from a long weekend 
© 2018 Wed 8:44am 

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Once were billionaires: Winklevoss twins each lose $607m as bitcoin plunges
Cameron and Tyler Winklevoss, the twin brothers who became the world's first bitcoin billionaires have had their fortune slashed after the digital currency plunged this week.The pair, who invested A$14 million ($15.3m) in bitcoin... 
© 2018 NZ Herald Fri 5:24pm 

China says cross-border cash flows hit turning point in '17
HONG KONG (AP) — China's cross-border capital flows hit a turning point in 2017 as foreign currency reserve levels stabilized after two years of declines, the country's foreign exchange regulator said Thursday.The supply and demand... 
© 2018 NZ Herald Thu 6:44pm 

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Has the bitcoin bubble finally burst?
As bitcoin on Wednesday dipped below US$10,000 ($13,754) for the first time since late November, extending a plunge that has wiped roughly half the value off the digital currency in the past month, there was only one question on... 
© 2018 NZ Herald Thu 5:24pm 

Bitcoin selloff deepens, digital currency now down 50 per cent from recent peak
Bitcoin's selloff, sparked by fears of a regulatory crackdown, deepened with the price of a single coin dropping below US$10,000 (NZ$13,669) for the first time since November. Its total loss has spiralled to 50 per cent since its mid-December peak. The mini-crash in Bitcoin is the latest bout of massive volatility for the upstart cryptocurrency that made big news last year when its price skyrocketed nearly 1400 per cent, creating a speculative frenzy for people around the world trying to get rich quick. A day after falling 25 per cent, bitcoin plunged another 9 per cent on Wednesday to around US$9635 per coin, or 50 per cent lower than its mid-December peak of around US$19,500. 
© 2018 Thu 8:54am 

Bitcoin dips below $10,000
The crypto-currency has nearly halved in value since its peak in December. 
© 2018 BBCWorld Thu 1:34am 

Bitcoin prices dive as South Korea says cryptocurrency ban still an option
Prices of bitcoin and other digital currencies have skidded after South Korea's top financial policymaker said on Tuesday that a crackdown on trading of cryptocurrencies was still possible. Finance Minister Kim Dong-yeon said in an interview with local radio station TBS that banning trading in digital currencies was "a live option". He said the decision was subject to a thorough government review. "There are no disagreements over regulating speculation", such as using real-name accounts and levying taxes on crypto currency trading, Kim said. Shutting down digital currency exchanges is "a live option but government ministries need to very seriously review it", he said. 
© 2018 Wed 9:14am 

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