Fed's Mester anticipated four rate hikes this year

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Source: Dukascopy Bank SA
Loretta Mester, the President of Cleveland Federal Reserve, stated that she anticipates roughly four rate hikes in 2018 amid economic pick-up and low unemployment
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Sat, 06 Jan 2018 06:22:14 GMT

Venezuela to issue $5.9B in oil-backed cryptocurrency

The President of Venezuela Nicolas Maduro stated that the country would issue 100M units of new oil-backed cryptocurrency "Petro" worth $5.9B, despite uncertainties over the investors' demand.

Sat, 06 Jan 2018 05:32:13 GMT

Bristol-Myers expects $3B tax hit in Q4 2017

Bristol-Myers Squibb is expected to record a $3B charge in the December quarter of 2017, as a consequence of the US tax reform passed, the drugmaker stated.

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