Web Search Data Indicates Soaring Interest for Facebook Libra in China

Reuters Facebook is setting up a new engineering team in Singapore to focus on its lucrative advertising business in China, where businesses buy more than $5 billion in ad space every year.  The move comes .....»»

Gold futures settled higher on Black Friday after renewed concerns about U.S.-China trade progress sparked interest in haven assets, while upbeat U.S. economic data handed the yellow metal its worst month since September......»»

U.S. stocks traded lower Thursday after renewed worries about a U.S. - China trade deal, more evidence of a slowdown in manufacturing, and mixed corporate earnings, despite an interest rate cut by the Federal Reserve Wednesday......»»

Asian markets were mixed in early trading Thursday, following disappointing economic data from China and another interest-rate cut by the U.S. Federal Reserve, which suggested no more would come for a while......»»

Panic Behind The Scenes: China's Capital Outflows Are Soaring For months, pundits have been looking at China's official data - be it the PBOC's reserve data or SAFE's monthly flow report - for indication that .....»»

Getty Facebook's Libra might be the best chance the US has to beat China to become th.....»»

The S&P 500 and Dow industrials closed slightly higher on Friday as investors digested a mixed U.S. jobs report and bet on a Federal Reserve interest rate cut this month, while China's stimulus plan helped ease some concerns around global growth......»»

U.S. stocks were set to open higher on Friday as China rolled out a stimulus plan to shore up its flagging economy and weak jobs data cemented expectations of an interest rate cut by the Federal Reserve later this month......»»

Wall Street has remained mostly bullish on Facebook despite scrutiny of its data practices, allegations of political bias and evident government mistrust of Libra......»»

EU antitrust regulators want to know whether Facebook's proposed Libra cryptocurrency and its use of consumer data pose possible anti-competitive constraints, people familiar with the matter said on Wednesday......»»

Congresswoman Maxine Waters and other U.S. lawmakers will discuss Facebook's crypto project with the Swiss data privacy chief this week......»»

Data protection chiefs from across the globe have united to express concerns over the privacy risks posed by Facebook's cryptocurrency project......»»

Facebook hasn't responded to a request by Switzerland’s data privacy regulator for more details on Libra, despite the project being based in Geneva......»»

As talks to resume U.S.-China trade negotiations stall, South Korea cuts its interest rate while Japan and Australia post disappointing economic data......»»

Lawmakers voiced concerns at a Senate hearing on July 16 about Libra, Facebook’s cryptocurrency, stating worries that the company will mishandle user data......»»

China should revamp its plan for a national digital currency in the face of Facebook's Libra cryptocurrency, says the central bank's former head......»»

China's central bank could hasten development of its own digital cash to counter the threat posed by Facebook's Libra cryptocurrency, an official says......»»

Bitcoin jumped to an 18-month high on Wednesday, a surge analysts said was caused by nervous traders looking for safety in alternative investments and expectations that Facebook's Libra could turn cryptocurrencies mainstream. David Pollard reports......»»

Bitcoin jumped to an 18-month high on Wednesday, a surge analysts said was caused by nervous traders looking for safety in alternative investments and expectations that Facebook's Libra could turn cryptocurrencies mainstream. David Pollard reports......»»

Move could affect competition and data privacy, warns Bank for International Settlements.....»»