Category: Gold & Commodities

Asian Markets Lower After Wall Street Record, China Trade Growth

November 8, 2021
Asia & PacificasianAustraliaBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyChinese RegimeCompanieseconomic policiesEconomieseconomyEuropeGold & CommoditiesgrowthHK BusinessHong KongIndiainflationInternationalInvestmentMarket WatchMarketsMiddle EasttradeUKUSUS NewsWall StreetWorld
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BEIJING—Global stock markets and Wall Street futures declined Monday after stronger U.S. hiring and a double-digit rise in Chinese exports. London and Frankfurt opened lower. Tokyo, Hong Kong, and Sydney declined while Shanghai advanced. U.S. employers hired more people than expected in October, according to government data released on Friday. China’s October exports rose 27.1…

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Kroger Looking Into Fake Press Release Touting Acceptance of Bitcoin Cash

November 6, 2021
bitcoinBusiness & EconomycashCompaniesEconomieseconomyfakeGold & CommoditiesKrogerPressreleaseUSUS News
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Kroger Co. is looking into the publication of a fake press release, claiming the acceptance of bitcoin cash at its stores, the grocer said on Friday, after becoming the second major retailer in recent weeks to get entangled in a crypto hoax. The release, which said the grocer would accept the cryptocurrency this holiday season,…

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ECB Can’t Yield Digital Money Space to Private Sector: Panetta

November 5, 2021
Business & EconomyCompaniesdigitalECBeconomic policiesEconomiesEuropeFabio PanettaGold & CommoditiesmoneyprivateStablecoinsWorld
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FRANKFURT—The European Central Bank needs to issue a digital euro as yielding the space entirely to private sector initiatives like stablecoins could endanger financial stability and weaken the role of the central bank, ECB executive board member Fabio Panetta said. The ECB has been working on designing a digital currency, a direct claim on the…

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New York Mayor-Elect Adams Says He Will Take His First 3 Paychecks in Bitcoin

November 5, 2021
bitcoinBusiness & EconomyCompanieseconomyEric AdamsGold & CommoditiesLocal NewsmayorNew YorkNY NewsNY PoliticsPaychecksRegional-Local NewsUSUS News
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New York Mayor-elect Eric Adams said on Thursday he would take his first three paychecks in bitcoin and signaled his intention to make his city the “center of the cryptocurrency industry” after he takes office in January. “In New York we always go big, so I’m going to take my first THREE paychecks in bitcoin…

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Oil Rises After OPEC+ Rebuffs US Call to Boost Output

November 5, 2021
Asia & PacificBoostBusiness & EconomyBusinesses in COVID-19Companieseconomic policiesEconomieseconomyEuropeGold & CommoditiesInternationalLocal NewsMarketsMiddle EastNew YorkNY NewsOilOPECoutputRegional-Local NewsTexasUKUSUS NewsWorld
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LONDON—Oil prices rose above $81 a barrel on Friday after OPEC+ producers rebuffed a U.S. call to raise supply to cool the market, sticking to plans for a gradual increase in output after cuts made in the face of the coronavirus crisis. Brent crude rose 52 cents, or 0.65 percent, to $81.06 a barrel by…

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Global Share Rally Pauses as China Property Weighs, US Data Loom

November 5, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompanieseconomic policiesEconomieseconomyEuropeglobalGold & CommoditiesHK BusinessHong KongInternationalInvestmentMarketsMiddle EastpropertyshareUKUSUS NewsWorld
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HONG KONG/LONDON—A share rally that has lifted stocks to record levels in recent days lost momentum on Friday, weighed down by renewed uncertainty over China’s property sector and as markets paused for breath ahead of U.S. jobs data due later in the day. The U.S. dollar gained against sterling, which took a beating after the…

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