Articles about Currency

Microsoft CEO Satya Nadella

Microsoft ups Surface slab prices for Brits. Darn weak pound, eh?

Microsoft has increased hardware prices in the UK for a second time this year, citing the decreased value of the weaker sterling currency when repatriated as dollars. Its top-of-the-line Surface Book will today set users back a whopping £3,049, £400 more than it would have cost if purchased yesterday. Price increases across …
Frustation, image via Shutterstock

Vidahost hikes domain name fees by a third, blames Brexit

Domain name biz Vidahost has hiked up the cost of its pricing by 33 per cent, blaming Brexit-induced exchange rate woes. In an email sent to customers and seen by The Register, the biz said: "Prior to the referendum to leave the EU, we spent time working up rigorous plans for the Brexit scenario. "True to form we focused on …
Kat Hall, 24 Aug 2016
The British Pound - Sterling currency tumbles post Brexit

Sterling's post-Brexit dollar woes are forcing up tech kit prices

Tech vendors don’t want to admit it but CIOs will need to return to their spending plan spreadsheets: hardware is going to get more expensive post-Brexit as sterling slides against the US dollar. The UK currency fell 12 per cent on 24 June when the outcome of the EU referendum emerged, and this week the pound plunged to a 31 …
Paul Kunert, 1 Jul 2016

Guess how much IT spending slumped last year? $216 billion

Some $216bn less was splashed on tech goods and services last year versus 2014 – the equivalent to ten per cent of UK GDP, or, if you prefer, almost three times the size of the output of Oman. This is the preliminary findings from Gartner mages, who told us the drop in spending to $3.52 trillion was the sharpest decline since …
Paul Kunert, 18 Jan 2016
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Insight: Who will rid me of this troublesome currency trend?

Senior folk at Insight Enterprises’ US HQ might be humming the patriotic anthem "God Bless America", for it was only a double-digit sales bounce Stateside that spared executive blushes in the third quarter. Turnover in North America was up 15 per cent year-on-year to $1bn in the three months ended September, but sales in EMEA …
Paul Kunert, 29 Oct 2015

IT security spending to hit $75.4bn in 2015 despite currency issues, says Gartner

Worldwide spending on information security will reach $75.4bn in 2015 – an increase of 4.7 per cent over 2014 – despite a currency-driven price hike causing some customers to delay purchases until next year. Government initiatives, increased legislation and high-profile data breaches are the hot topics shaping the latest …
John Leyden, 23 Sep 2015
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Strong dollar will deal death to US firms' overseas growth

2015 is shaping up to be “pretty awful” for US tech vendors, which have been hit by a one-two of strong international competition and a strong US dollar. That’s according to Forrester, which reckons global tech purchases in local currencies will grow by 3.6 per cent this year – down from the 5.3 per cent growth forecast in …
Gavin Clarke, 7 Sep 2015

FORKING BitcoinXT: Is it really a coup or just more crypto-FUD?

Something for the Weekend, Sir? Bitcoin is about to fork off. Too forking right, some of you may cheer. But a great many Bitcoin “users” – miners, developers, retailers and spenders – are against the idea. If you ask them about it, they’ll tell you they don’t like being forked about. Some of them say they couldn’t be forked. You thought Greece was in turmoil …
Alistair Dabbs, 29 Aug 2015

Avnet TS bemoans slow PC sales and currency for Q4 shrinkage

Avnet Technology Solutions reported a near double-digit decline in revenues to close off Q4, despite selling roughly as many enterprise tech products as it did in the same period a year ago. A financially flattish quarter turned into a declining one, in part when local coinage was converted back into a strong dollar, but …
Paul Kunert, 6 Aug 2015

Bitcoin blasts past $1,000 AGAIN after Zynga accepts cryptocurrency

How better to pay for virtual real estate than with virtual money? The price of Bitcoins has risen beyond the thousand-dollar mark again after games-maker Zynga announced it would trial the e-currency for in-game purchases. At the time of writing, a Bitcoin was worth $1,062.30 on the Mt.Gox online exchange, one of the major …
The Register breaking news

Watchdog: Y'know what Bitcoin really needs? A REGULATOR!

A US financial regulator has said it's figuring out if crypto-currency Bitcoin falls under its remit. Top bods at the Commodity Futures Trading Commission (CFTC) are discussing whether the cyber-cash should actually be covered by its rules, as Bitcoin gains in popularity. "[Bitcoin] is for sure something we need to explore," …

Bitcoins: A GIANT BUBBLE? Maybe, but currency could still be worthwhile

The Bitcoin economy is a bubble and it'll all end in tears. Bitcoin is the greatest thing since sliced bread and will change the world forever. What might surprise some of you is that there's no contradiction between these two statements. Whether the internet currency is in a bubble or not, and whether that bubble bursts and …
Tim Worstall, 15 Apr 2013
The Register breaking news

Bitcoin gets a $100 haircut on rollercoaster trading run

Virtual currency Bitcoin lost $100 in value relative to the US dollar on Wednesday due to panic selling by its devotees. The currency began tumbling from a high of $260 on Wednesday after major Bitcoin exchange MtGox started getting hammered by many micro trading requests per second. This bout of high-frequency Bitcoin trading …
Jack Clark, 11 Apr 2013
The Register breaking news

'Devastating' protocol flaw could paralyze Bitcoin system

Computer scientists say they've identified a fundamental flaw in the Bitcoin electronic currency system that could eventually stunt its development unless developers change the way users are rewarded for their participation. With about 7.5 million Bitcoins in circulation, the highly decentralized system relies on public-key …
Dan Goodin, 15 Nov 2011
For Sale sign detail

Insight blames public sector for sales dip

A strong currency tailwind lifted Insight Enterprises's second quarter sales to growth in Europe as spending cuts in the public sector started to bite. Favourable forex conversions underpinned a 12 per cent rise in sales to $403m (£248m) but excluding the currency impact, sales were flat with a two per cent dip in hardware …
Paul Kunert, 5 Aug 2011
The Register breaking news

Man says he lost $500,000 in virtual currency heist

Leaders of the open-source virtual currency project known as Bitcoin say they have no way to verify one user's claim that hundreds of thousands of dollars worth of digital coins were plucked from his computer earlier this week. Rumors of the heist have been swirling since Monday, when a Bitcoin user named Allinvain claimed 25, …
Dan Goodin, 16 Jun 2011
For Sale sign detail

Small biz stays nervous on recovery

Small businesses in the UK remain focused on cost-cutting rather than expanding sales to secure their futures. Although the coalition government is hoping the private sector will take up the slack left by big public sector cuts the latest survey of small and medium businesses shows a serious lack of confidence. A survey of …
John Oates, 20 Jul 2010
The Register breaking news

Currency moves cost small biz dear

Small business owners in the UK blame currency movements for threatening their ability to export goods - or at least to export goods profitably. A survey of 365 business owners by the Forum of Private Business found 63 per cent said currency movements are a restriction on overseas trade. Just 31 per cent complained about …
John Oates, 16 Jun 2010

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