Tag: currency

BUSINESS

Bitcoin Prices Tumble Amid Market Uncertainties

Bitcoin prices have tumbled to their lowest level in months following remarks from the US Federal Reserve. The cryptocurrency dropped in value from $47,000 earlier this week to less than $42,000 per digital coin. This move come minutes after a meeting of the Federal Reserve, which suggested it may raise interest rates. The fall in prices has seen Bitcoin hitting […]

Jamaica

Jamaica Gets Fitch’s Upgrades

One of America’s biggest rating agencies, Fitch Ratings Inc. has affirmed the Government’s Long-Term Foreign-Currency Issuer and Local-Currency Issuer Default Rating at ‘B+’ and revised the outlook from stable to positive. Fitch indicated that the revised outlook reflected Jamaica’s efforts in maintaining the debt-to-GDP on a downward trajectory and large primary surpluses.  In explaining the affirmation of the “B+” ratings, […]

BUSINESS Commerce

U.S. Move Sends Canadian Dollar Stumbling

The United States act of imposing new tariffs on softwood lumber has sent the Canadian dollar tumbling to a 14-month low. The United States said recently it will impose preliminary anti-subsidy duties averaging 20 per cent on imports of Canadian softwood lumber, escalating a long-running trade dispute between the two countries. While the currency fell, shares in Canadian lumber companies […]