Crypto News 

IMF Urges Global Cooperation on Crypto: Sees Both Benefits and Risks

“That said, the prevailing opinion is that the global financial regulators and institutions like the IMF will attempt to create a global cryptocurrency at some point in the future” reports financemagnates.com. The International Monetary Fund (IMF) is keen to explore the potential of cryptocurrencies and is urging regulators to cooperate on the matter.In a regular press briefing, the spokesperson for the organisation highlighted that cryptocurrencies might have potential benefits, but the surrounding risks remain. Source: financemagnates.com Share This:

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Financial system safer, but risks lie ahead, bank regulator says

“Underwriting practices are easing “incrementally” and loan portfolios are becoming more concentrated, leading to “heightened risk” if the economy weakens or markets tighten quickly, the Office of the Comptroller of the Currency said Thursday” writes Andrea Riquier for marketwatch.com. Those remarks came from the bank regulator’s semiannual risk perspective for fall 2017.Another risk to the financial system, the OCC said, was that “cyber threats are increasing in speed and sophistication.”. Finally, the regulator noted that compliance risk “remains elevated” in large part because consumer compliance regulations are becoming increasingly complex. Source:…

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Survey Roundup: Climate Change Cracks Top Risks List for First Time

“Cracking the top 10 for the first time: climate change and risks associated with increased weather volatility (10%)” writes Henry Cutter for wsj.com. Cyber Worries: A survey of 1,911 risk experts from 80 countries by insurer Alliance Global Corporate & Specialty found the top business risks for 2018 are business interruption (42%) and cyber incidents (40%). Source: wsj.com Share This:

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World entering ‘critical period of intensified risks’ in 2018: WEF

“Extreme weather events and natural disasters are the likeliest global risks to occur in 2018, according to experts surveyed by the World Economic Forum” writes unknown author for cnbc.com. But this was followed in the table of top 10 risks by three environmental risks: Extreme weather events, natural disasters and a failure of climate-change mitigation and adaptation.As with previous reports, the top-ranking global risk in terms of impact was the use of weapons of mass destruction.Almost 1,000 global experts and decision-makers were surveyed on their views on the most significant…

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Conflict among world powers a growing concern, experts say

“Its Global Risks Report released Wednesday is based on a survey of nearly 1,000 experts and decision-makers from business, academia and other fields about 30 risks over a 10-year horizon” writes Jamey Keaten for seattletimes.com. Margareta Drzeniek-Hanouz, a WEF executive committee member focusing on economic progress, called the results “striking. John Drzik, president of global risk and digital at insurer Marsh & McLennan Companies, pointed to the prospects of “more state-sponsored attacks — to add to the financially motivated attacks that are already out there.” He suggested too few companies…

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Crypto News Stocks 

China’s blockchain fever gets hotter even as regulator queries price surge

“Stock punters also pushed up other blockchain concept stocks such as Xiamen Anne , Brilliance Technology and Shenzhen Zqgame “ writes Midwest Communications Inc for 95kqds.com. Client Service International Inc jumped the maximum 10 percent for the third straight day, although the software maker flagged risks to investors, saying it was still “exploring” blockchain technology.SHANGHAI (Reuters) – China’s blockchain-related companies extended their bullish run on Friday, as punters brushed aside concerns raised by regulators about the rationality of stock price surges this week.Most of these companies had seen their shares…

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Florida judge blocks abortion delay law, rules it unconstitutional

“Florida law subjects no other medical procedure, including those that pose greater health risks than abortion, to a mandatory delay,” Circuit Judge Terry Lewis wrote in his judgment” writes Midwest Communications Inc for 95kqds.com. “The forced delay law was an insult to women and imposed medically unnecessary and harmful burdens, particularly on low-income patients.Asked for a comment on the decision, Florida Governor Rick Scott’s spokeswoman Lauren Schenone said in an email: “We are reviewing the ruling.”. The decision affirms that politicians should not interfere with women’s health-care decisions, the ACLU…

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Markets News Stocks 

‘Fire and Fury’ poses new risks to Trump and, in turn, the U.S. stock market rally

“Stock bulls might want to be on alert if new allegations against President Trump turn out to be true” writes Nigam Arora for marketwatch.com. In ZYX Emerging, one of The Arora Report’s services, we closely follow 15 emerging markets and often find good investments.Demographics in emerging Asia are significantly better than in the United States. • Emerging markets tend to be more volatile than the United States.And, now, Michael Wolff’s new book (released Jan. 5), “Fire and Fury,” makes several allegations against Trump.The MSCI Asia ex-Japan Index surged 47% in…

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News Stocks 

Apple investors sound alarm over iPhone addiction risks for children

“Investors are issuing a warning to tech giant Apple (AAPL) to curb its smartphone marketing strategy amid fears the iPhone is a mental health hazard to children” reports foxbusiness.com. The activist investors are urging Apple to develop software that limits time use of its digital products and to fund research to look into links between anxiety levels and excessive smartphone use.Activist investors Jana Partners LLC and the California State Teachers’ Retirement System (CalSTRS), which own about $2 billion worth of Apple (AAPL) stock combined, expressed their concerns in an open…

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News Regulators 

Fed official says rates are last resort against financial risks

“The Federal Reserve should only as a last resort adjust interest rates to deal with financial instabilities thought to imperil the U.S. economy, and instead rely primarily on regulations and supervision, a top Fed official said on Saturday” reports foxbusiness.com. “While my preference (is) to start with the macroprudential tools that can be implemented more promptly, the limits on these tools suggest that in some circumstances monetary policy might have to be used to address financial stability concerns,” Cleveland Fed President Loretta Mester said in prepared remarks. Addressing the American…

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