By Ritu, Capital Sands The dollar and the Chinese yuan remained steady a day after China and the U.S. signed a phase one trade deal aimed at easing tensions between the two largest economies in the world. The signing of the deal on Wednesday, Jan. 15, in the U.S. helped equities markets and lent some stability to […]

Government plans new law to safeguard foreign investment says report

By Ritu, Capital Sands The government is planning a new law to safeguard foreign investment by speeding up dispute resolution, aiming to attract more capital from overseas to boost stuttering domestic growth, two officials with direct knowledge of the matter told Reuters. In a 40-page initial draft, finance ministry has proposed appointing a mediator and setting up […]

Bitcoin is up 20% so far this year and one expert predicts it could hit $16,000 by year end

By Ritu, Capital Sands Bitcoin has recorded its best start to the year since 2012. Optimism has returned to the market following a crash after the 2017 record high. Bitcoin was trading at around $8,667.33 at 13:34 p.m. SIN/HK up roughly 21% so far this year. Other digital coins including ethereum and XRP have followed suit, posting more than 20% […]