Jemima Kelly

OTC crypto market flourishes, powered by Skype

Apr 02 2018

NEW YORK/LONDON Trading firms are negotiating buying, selling and lending digital currencies like bitcoin and ether over Skype, catering to big investors looking to avoid rocking already volatile online exchanges.

Sterling recovers after hitting three-month low versus euro on EU Brexit snub

Mar 07 2018

LONDON Sterling touched a three-month low against the euro on Wednesday before rebounding, as the release of the European Union's draft guidelines for a future trade deal with Britain underlined the gap between the two sides as they negotiate a Brexit deal.

Sterling slips to seven-week low on worries over Brexit transition

Mar 02 2018

LONDON Sterling slipped to a seven-week low against the dollar on Thursday, as investors sold the pound on worries a Brexit transition deal might not be reached this month.

Sterling steadies near seven-week low as traders eye Brexit speech

Mar 02 2018

LONDON Sterling steadied close to a seven-week low against the dollar on Friday, as traders eyed a speech from Prime Minister Theresa May on her plans for a trade deal with the European Union.

UK fund raises $110 million to invest in start-ups and share profits with founders

Feb 27 2018

LONDON Britain's Kindred Capital has raised 80 million pounds ($110 million), making it one of Europe's biggest "seed" funds that invest in start-up companies at their very earliest stages.

Goldman-backed startup Circle buys major crypto exchange Poloniex

Feb 26 2018

LONDON/NEW YORK Goldman Sachs-backed cryptocurrency startup Circle has acquired digital token exchange Poloniex, Circle said on Monday, as it aims to cement its position as one of the leading players in the booming market.

Sterling steady as soft data is offset by BoE hike expectations

Feb 23 2018

LONDON Sterling edged up against the dollar and euro on Friday but finished the week in much the same place as it had started, with weaker-than-expected economic data being offset by hawkish comments from Bank of England policymakers.

Unemployment-hit sterling recovers a little on upbeat BoE

Feb 21 2018

LONDON Sterling edged up modestly from a one-week low against the dollar on Wednesday, after the Bank of England's chief economist said interest rates might need to rise faster than markets expect to keep inflation in check.

Sterling edges lower ahead of crucial wage data

Feb 19 2018

LONDON Sterling edged lower against the dollar and euro on Monday, holding off 10-day highs hit last week, as traders awaited key wages data due later this week for clues to the pace of monetary tightening from the Bank of England.

Number of crypto hedge funds surges amid bitcoin volatility

Feb 15 2018

LONDON Hedge funds focused on trading cryptocurrencies have struggled to eke out returns this year amid a sharp sell-off in the highly volatile market, in spite of a flood of new funds setting up to deploy investor cash.

World News

Exclusive: Biden to bar U.S. banks from issuing Russian sovereign debt

President Joe Biden will issue an executive order on Thursday authorizing the U.S. government to sanction any sector of the Russian economy and will use it to restrict Russia's ability to issue sovereign debt to punish Moscow for interfering in the 2020 U.S. election, senior Biden administration officials said.