Business

CBI sales in the currency auction drop drastically

With new regulations aiming at countering money laundering in force, the Central Bank of Iraq (CBI) auctioned $52 million only in foreign currency today, Sunday. Alghadeer News correspondent said that CBI’s sales of foreign currency in today’s auction amounted to $52,070,000, down by 74.76% compared to Wednesday’s $206,422,600. Our correspondent …

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Bitcoin hits $60,000, nears all-time peak

Bitcoin topped $60,000 for the first time in six months on Friday, nearing its all-time high, as hopes grew that U.S. regulators would allow a futures-based exchange-traded fund (ETF), a move likely to open the path to wider investment in digital assets. Cryptocurrency investors have been waiting for approval of …

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Merck COVID-19 pill success slams Moderna shares, shakes up healthcare sector

Positive clinical trial results for Merck & Co’s (MRK.N) experimental antiviral COVID-19 pill reverberated through the healthcare sector on Friday, sending the drugmaker’s stock price soaring while denting high-flying shares of vaccine companies and makers of other coronavirus therapies. Merck shares jumped as much as 12.3% and hit their highest …

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China turns the screws on crypto, Bitcoin stumbles

China intensified a crackdown on cryptocurrency trading on Friday, vowing to root out “illegal” activity and banning crypto mining nationwide, hitting bitcoin and other major coins, and pressuring crypto and blockchain-related stocks. Ten Chinese government agencies, including the central bank as well as banking, securities, and foreign exchange regulators, said …

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