Business

JP Morgan Chase to create digital coins using blockchain for payments

By The Frontier Post | February 15, 2019

NEW YORK (Reuters): JPMorgan Chase & Co said on Thursday it plans to launch its own digital coins, called “JPM Coin”, that customers will be able to use for instant transfer of payments over a blockchain network. The largest US bank by assets said customers, on depositing money at the bank, will be issued the […]

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US retail sales post largest drop since 2009; jobless claims rise

By The Frontier Post | February 15, 2019

WASHINGTON (Reuters): US retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board, suggesting a sharp slowdown in economic activity at the end of 2018. The economy’s outlook was further dimmed by other data on Thursday showing an unexpected increase in the number of Americans filing […]

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China’s foreign trade reaches $395.98b

By The Frontier Post | February 15, 2019

Monitoring Desk BEIJING: China’s goods trade rose 8.7 percent year on year in January to 2.73 trillion yuan (395.98 billion US dollars), customs data showed Thursday. Exports rose 13.9 percent year on year to 1.5 trillion yuan last month, while imports grew 2.9 percent to 1.23 trillion yuan, the General Administration of Customs said. Exports […]

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