Finance

FTX founder to testify before U.S. Congress on Tuesday

FTX founder to testify before U.S. Congress on Tuesday

The founder of the ill-fated cryptocurrency platform FTX, Sam Bank man-Fried, pledged on Friday to testify by videoconference before a committee of the House of Representatives of the United States next Tuesday. In a message from Twitter (NYSE:TWTR) in which he responded to an interpellation by Democratic Congresswoman Maxine Waters, Bankman-Fried said that he still …

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More than five years in prison for fraud for Hong Kong tycoon Jimmy Lai

More than five years in prison for fraud for Hong Kong tycoon Jimmy Lai

A Hong Kong court today sentenced tycoon Jimmy Lai to five years and nine months in prison for fraud to a government company for allowing a consulting company to operate without permission in the offices of the opposition newspaper he founded, Apple (NASDAQ:AAPL) Daily, the former British colony’s press reported today. The territory’s court also …

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War in Ukraine and CAP condition fertilizer and phytosanitary market

War in Ukraine and CAP condition fertilizer and phytosanitary market

The war in Ukraine and the new Common Agricultural Policy (CAP) that comes into force in 2023 are conditioning the market for fertilizers and plant protection products, important inputs for agriculture in Spain and the European Union (EU). The price of natural gas, the main raw material for nitrogen fertilizers, has risen up to ten …

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Bargain hunting boosts Seoul Stock Exchange by 0.76%

Bargain hunting boosts Seoul Stock Exchange by 0.76%

The Kospi, the benchmark index of the Seoul Stock Exchange, gained 0.76% on Friday thanks to the purchase of undervalued assets at a time of uncertainty around the decision to be taken by the US Federal Reserve on monetary matters next week. The South Korean benchmark advanced 17.96 points to 2,389.04 integers, while the technology …

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Japan’s indices close higher; the Nikkei 225 advances 1.18%

Japan's indices close higher; the Nikkei 225 advances 1.18%

The Japan Stock Exchange closed higher on Friday; Sector gains Transport, ship building and Rail and bus pushed indexes higher. At the close of Tokyo, theNikkei 225advanced 1.18%. The best value of the session in theNikkei 225wasAdvantest Corp. (TYO:6857), up 5.78%, 540.00 points, to 9.00 at the close. It is followed byTokyo Electric Power Co., …

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Australia fines Uber $14 million for giving false information

Australia fines Uber $14 million for giving false information

An Australian court fined the ride-hailing company Uber (NYSE:UBER) with 21 million local dollars (14 million dollars or 13.4 million euros) for misleading conduct and giving false information to its customers between 2017 and 2021, according to the ruling published on Wednesday. “I will impose a total pecuniary fine of 21 million (Australian) dollars,” said …

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Storm in 2023? 10 tips to get the most out of your investment

Storm in 2023? 10 tips to get the most out of your investment

Volatile European markets this Wednesday -Ibex 35, CAC 40, DAX…- after a session of falls yesterday on Wall Street before different pessimistic forecasts for 2023. The effects of tighter monetary policy, high inflation and slowing growth will last until 2023, experts say. However, once real interest rates peak, the business cycle will change, creating opportunities …

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AmRest sells its KFC restaurant business in Russia for 100 million euros

AmRest sells its KFC restaurant business in Russia for 100 million euros

Madrid-based restaurant group AmRest said on Tuesday it had agreed to sell its KFC restaurant business in Russia for at least 100 million euros ($104.48 million) to Russian restaurant and entertainment company Almira. AmRest follows hundreds of Western companies that have withdrawn, sold or shut down their operations in Russia following the invasion of Ukraine …

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European futures undecided after declines in Asia and Wall Street

European futures undecided after declines in Asia and Wall Street

European markets could open the session in the green although with some doubts, judging by the movement of futures at this time. The future of the Daxand thefuture of the Cac 40They quote flats, although the future of the Ibex 35It earns 0.3% right now. Wall Street closed yesterday in the red and Asian indices …

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The Spanish Stock Exchange will open tomorrow, Day of the Immaculate

The Spanish Stock Exchange will open tomorrow, Day of the Immaculate

The four Spanish stock exchanges (Madrid, Barcelona, Bilbao and Valencia) will open tomorrow, December 8, despite the celebration of the Day of the Immaculate, according to the calendar approved for 2022 by the Stock Exchange Society. According to this calendar, the Spanish stock market and debt markets will only close three holidays this year, two …

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N. Roubini: The “inevitable collapse” is coming, the mother of crises

N. Roubini: The "inevitable collapse" is coming, the mother of crises

Nouriel Roubini, renowned economist and currently professor emeritus of economics at New York University’s Stern School of Business, is famous for his pessimistic predictions about the state of the world economy and financial markets. But this time he has gone even further, publishing an opinion piece in Project Syndacate entitledThe inevitable crash, that is, the …

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India raises interest rates to 6.25% to fight inflation

India raises interest rates to 6.25% to fight inflation

The Reserve Bank of India (RBI, issuer) announced on Wednesday a new increase in interest rates of 0.35 points, to 6.25%, to control inflation, said the governor of this monetary institution, Shaktikanta Das, in a televised speech. The RBI also lowered the gross domestic product (GDP) growth forecast again, to 6.8% in the current fiscal …

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France will regularize without papers in sectors in tension but case by case

France will regularize without papers in sectors in tension but case by case

The French Government is working on a law on immigration which, among other things, aims to regularise the undocumented who are already working in labour-intensive sectors, but this will not be done globally and massively, but on a case-by-case basis, taking into account integration criteria. This is the message of the members of Emmanuel Macron’s …

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The sanctioned Russian bank VTB suffers its biggest cyberattack from the “outside”

The sanctioned Russian bank VTB suffers its biggest cyberattack from the "outside"

The second largest bank in Russia, VTB, controlled by the State and sanctioned by the West, denounced today the largest cyberattack against its technological infrastructure in its history, a hack that comes from “outside”, as it said in a statement. “Currently, VTB’s technological infrastructure is under an unprecedented cyberattack from the outside. It became the …

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Seoul falls for the third consecutive day and leaves 1.08%

Seoul falls for the third consecutive day and leaves 1.08%

The main indicator of the Seoul Stock Exchange, theKospi, fell 1.08% on Tuesday, marking the third consecutive decline in the selective in another session marked by renewed fears that the Fed will raise rates above 0.5% again this month. The South Korean benchmark left 26.16 points to stand at 2,393.16 integers, while the technology indexKosdaqIt …

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The resurgence of fear of the Fed prolongs the bearish path in the Ibex-35

The resurgence of fear of the Fed prolongs the bearish path in the Ibex-35

Spain’s main stock index opened with a further dovish cut on Tuesday, as the market packs the latest signals on future moves by major central banks, with a special focus on a possible tightening of the Federal Reserve. The latest macroeconomic data showed stronger-than-expected strength in the United States, which could pave the way for …

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Metacade Presale (MCADE) will change the metaverse industry in 2023

Metacade Presale (MCADE) will change the metaverse industry in 2023

The latest crypto market cycle introduced the world to the idea of the metaverse and many outstanding metaverse projects. However, the crypto world is constantly evolving and older projects such asAxie Infinity, Enjin Coin orSunny spotThey are not as innovative as at launch. In the Web3 environment, it is important to look for projects that …

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Tokyo Stock Exchange rises 0.24% buoyed by yen weakness

Tokyo Stock Exchange rises 0.24% buoyed by yen weakness

The main index of the Tokyo Stock Exchange, the Nikkei, rose 0.24% on Tuesday, encouraged by the weakness of the yen against the dollar and despite concerns about a possible rate hike by the US Federal Reserve (Fed). The Nikkei, which groups the 225 most representative titles of the market, advanced 65.47 points, to 27,885.87 …

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European futures in red: Doubts at the beginning of the week

European futures in red: Doubts at the beginning of the week

European markets could open the session in negative, judging by the movement of futures at this time. Thefuture of the Daxfalls by 0.2%, thefuture of the Cac 40is left 0.1% and thefuture of the Ibex 35It loses 0.1% at the moment. This Monday we will be attentive to a PMI batterycompoundandservicesin several Eurozone countries. In …

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Japan’s indices close higher; Nikkei 225 up 0.15%

Japan's indices close higher; Nikkei 225 up 0.15%Japan's indices close higher; Nikkei 225 up 0.15%

The Japan Stock Exchange closed higher on Monday; Sector gains feeding, Gas and water and Finance and investment pushed indexes higher. At the close of Tokyo, the Nikkei 225added 0.15%. The best value of the session in the Nikkei 225wasEisai Co., Ltd. (TYO:4523), up 5.18%, 495.00 points, to 10.00 at the close. It is followed …

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Trader allegedly saw over 5,000x gains after Ankr protocol hack

Trader allegedly saw over 5,000x gains after Ankr protocol hack

When the BNB Chain-based protocol Ankr was exploited and a hacker dumped Ankr Reward Bearing Staked BNB (aBNBc) tokens, a trader took advantage of the price discrepancies and turned $2,879 into $15.5 million. As previously reported by Cointelegraph, security firm Beosin suggested that the multimillion-dollar exploit may have come from vulnerabilities in the smart contract code and …

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J&J Unit Says It Has No Intention of Bidding for Horizon Therapeutics

J&J Unit Says It Has No Intention of Bidding for Horizon Therapeutics

Janssen Global Services, a unit of Johnson & Johnson (NYSE:JNJ), said Saturday that it has no intention of bidding for biotech company Horizon Therapeutics Plc. Last month, Horizon Therapeutics — which has a market capitalization of about $18 billion — said it was in talks withAmgen Inc.AMGN), Sanofi (EPA:SASY) and Janssen Global Services, all three …

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Amgen says experimental anti-obesity drug has promising duration

Amgen says experimental anti-obesity drug has promising duration

Amgen Inc’s experimental anti-obesity drug (NASDAQ:AMGN). It demonstrated promising durability trends in an initial trial, paving the way for a larger mid-phase study early next year, company officials said ahead of a data presentation on Saturday. The small phase I trial found that patients maintained weight loss for 70 days after receiving the highest tested …

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Amazon to resume advertising on Twitter: Platfomer reporter

Amazon to resume advertising on Twitter: Platfomer reporter

Amazon.com Inc (NASDAQ:AMZN) is planning to resume its advertising on Twitter (NYSE:TWTR) for about $100 million a year, pending some security tweaks on the social media company’s ad platform, according to a tweet from a Platformer reporter on Saturday. Twitter CEO Elon Musk also said that Apple Inc (NASDAQ:AAPL). has resumed advertising on the platform, …

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Trip.com ADR lower profits but in line with its revenues in Q3

Trip.com ADR lower profits but in line with its revenues in Q3

Trip.com ADR presented itsproceedscorresponding to the third quarter of the year, figures that are not enough due to analysts’ forecasts. Revenues, meanwhile, were in line with expectations. The company reported earnings per share of ¥1.19 and turnover of ¥6.52B. Analysts surveyed by Investing.com expected EPS of ¥1.26 and revenue of ¥6.52B So far this year, …

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EU and US will continue to discuss US anti-inflation law in trade forum

EU and US will continue to discuss US anti-inflation law in trade forum

The European Union (EU) and the United States will continue to address European concerns about the damage the U.S. Inflation Reduction Act may cause to their green energy and automotive industry tomorrow at a new edition of the Trade and Technology Council (CTT) in Maryland, USA. The third ministerial meeting of this forum, set up …

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Credit Suisse chairman says outflows have basically stopped

Credit Suisse chairman says outflows have basically stopped

Credit Suisse Chairman Axel Lehmann said in a TV interview with Bloomberg on Friday the embattled bank’s outflows have basically stopped and that it is seeing partial inflows. Credit Suisse has reported sharp outflows as wealthy clients move assets elsewhere, while the bank battles to recover from a string of scandals by focusing more on …

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Airbus delivered estimated 563 jets Jan-Nov, sources say

Airbus delivered estimated 563 jets Jan-Nov, sources say

Airbus delivered 66 jets in November, leaving itself a near-record challenge of 137 in December to meet its 2022 goal, although it has not excluded the possibility that the target will be trimmed, industry sources said. The world’s largest planemaker has delivered an estimated 563 planes this year, the sources said, up from 497 between …

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European stock futures edge lower; looming U.S. payrolls prompt caution

European stock futures edge lower; looming U.S. payrolls prompt caution

European stock markets are expected to largely open with small losses Friday, as investors cautiously await the release of the key monthly U.S. jobs data which could influence Federal Reserve monetary policy. At 02:00 ET (07:00 GMT), the DAX futures contract in Germany traded flat, CAC 40 futures in France dropped 0.3% and the FTSE …

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Asia stocks sink as Fed uncertainty outweighs China reopening report

Asia stocks sink as Fed uncertainty outweighs China reopening report

Most Asian stock markets retreated in cautious trade on Friday ahead of key U.S. payrolls data that is expected to factor into monetary policy, although a report that China plans to further scale back its strict anti-COVID measures helped limit losses.  Uncertainty over the path of U.S. inflation also weighed on Asian stocks on Friday, …

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Analysts upgrade China’s 2023 earnings projections on reopening hopes

Analysts upgrade China's 2023 earnings projections on reopening hopes

Analysts have upgraded forecasts for Chinese corporate earnings in 2023, on expectations that its economy will benefit from stimulus measures and the easing of COVID-19 restrictions. Analysts raised forward 12-month earnings of companies on the MSCI China index by 2% in November, data from IBES estimates showed. They had earlier cut the forward 12-month earnings …

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Twitter suspends Kanye’s account again on violating rules

Twitter suspends Kanye's account again on violating rules

Twitter Inc on Friday suspended Kanye West’s account again, just two months after the rapper’s account was reinstated, as his tweets violated the social media platform’s rules. Twitter-owner Elon Musk, who calls himself a free speech absolutist, had welcomed the return of the rapper, now known as Ye, to the platform in October. In his …

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Musk delivers first Tesla truck, but no update on output, pricing

Musk delivers first Tesla truck, but no update on output, pricing

Tesla Inc Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (NASDAQ:PEP) without offering updated forecasts for the truck’s pricing, production plans or how much cargo it could haul. Musk, who appeared onstage at an event at Tesla (NASDAQ:TSLA)’s Nevada plant, said the battery-powered, long-haul truck would reduce highway emissions, …

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Blackstone’s $69 billion REIT curbs redemptions in blow to property empire

Blackstone's $69 billion REIT curbs redemptions in blow to property empire

Blackstone Inc limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge in redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth. The curbs came because redemptions hit pre-set limits, rather than Blackstone (NYSE:BX) setting the limits on the day. …

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Asian stocks surge on slowing rate hike bets, China reopening hopes

Asian stocks surge on slowing rate hike bets, China reopening hopes

Most Asian stock markets rose sharply on Thursday after Federal Reserve Chair Jerome Powell said the central bank is set to slow its pace of interest rate hikes, while the relaxing of some anti-COVID measures in China also drove up hopes for a full reopening. Chinese stocks were among the best performers on the day, …

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European stock futures surge higher as Powell points to smaller Fed rate hikes

European stock futures surge higher as Powell points to smaller Fed rate hikes

European stock markets are expected to open higher Thursday, with risk appetite soaring after Fed Chair Jerome Powell signaled the U.S. central bank would reduce the size of its interest rate increases later this month. At 02:00 ET (07:00 GMT), the DAX futures contract in Germany traded 1.1% higher, CAC 40 futures in France climbed 0.9% and the FTSE 100 …

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Germans spending less as soaring power, food costs gnaw finances

Germans spending less as soaring power, food costs gnaw finances

For 25 years, Theo Jost served the German Christmas dish of goose in his restaurant near the Black Forest. The birds were fresh, reared by farmers in northern Germany. But this year he took the dish off the menu because rising costs all along the supply chain would have doubled its price compared to last …

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Investors with $30 trln to push companies on human rights, social issues

Investors with $30 trln to push companies on human rights, social issues

More than 220 investors managing $30 trillion have signed up to a plan to push companies over social issues and human rights, with an initial focus on firms in the mining, metals and renewables sectors. Dubbed ‘Advance’, the coalition is the largest such stewardship initiative, said the organiser, the U.N.-backed Principles for Responsible Investment (PRI), …

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Meta executive says holiday sales were earlier and bigger this year

Meta executive says holiday sales were earlier and bigger this year

The head of Meta Platforms’ business group said on Wednesday that the holiday shopping season started earlier than usual this year and produced a Black Friday sales weekend that appeared to be the biggest on record. Consumers anxious about supply shortages were stocking up early on desired gifts, while businesses with excess inventory sought to …

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U.S. Chamber of Commerce warns against draft EU plan to exclude non-EU cloud vendors

Exclusive-U.S. Chamber of Commerce warns against draft EU plan to exclude non-EU cloud vendors

The U.S. Chamber of Commerce and 12 other groups on Thursday warned the European Union against adopting rules that could exclude Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL) unit Google, Microsoft (NASDAQ:MSFT) and other non-EU cloud services providers from the European market. The Chamber, the National Foreign Trade Council, the Japan Association of New Economy, techUK, the Latin …

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The Best Metaverse Coins to Invest Before 2023

The Best Metaverse Coins to Invest Before 2023

The latest cryptocurrency market crash and the more recent rise of new GameFi spaces offer a unique investment opportunity for 2023 and beyond. GameFi and play-to-earn are becoming the future of online gaming and both are going to grow at a huge rate. Therefore, finding the best metaverse coins to invest in is becoming the …

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Retail group H&M to cut 1,500 jobs in savings plan

Retail group H&M to cut 1,500 jobs in savings plan

The world’s second-largest fashion retailer, H&M (ST:HMb) announced on Wednesday that it will cut about 1,500 jobs to cut costs in the face of declining demand as consumers face rising inflation. The Swedish company, which employs about 155,000 people, launched a plan to save SEK 2 billion a year. H&M said in a statement that …

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British energy regulator proposes to control electricity prices

British energy regulator proposes to control electricity prices

Britain’s energy watchdog has proposed price controls for electricity distribution companies over the next five years, a mechanism the regulator says will deliver cheaper, cleaner energy at no extra cost to consumers. The controls, which will apply from April 1, 2023 to 2028, require six companies operating electricity distribution networks to focus their investments on …

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Stock market crash alerts grow in 2023; watch out for Morgan Stanley

Stock market crash alerts grow in 2023; watch out for Morgan Stanley

The prospects for recession in developed countries continue to give experts wings for their pessimistic predictions for next year, also in financial markets. As we explained yesterday, Deutsche Bank (ETR:DBKGn) predicts recession in the United States next year and estimates that markets may fall by as much as 25%. In fact, according to Alba Puerro, trader and …

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Banks and oil: GS sees Brent at $110 in 2023, JPM more pessimistic

Banks and oil: GS sees Brent at $110 in 2023, JPM more pessimistic

The recent behavior of theBrentand WTI, which have returned to January lows after the anti-Covid protests in China, has led the different investment houses to review their positions in this regard for next year. According to JP Morgan (NYSE):.JPM), in 2023 the market ofgold”will remain tight”, with an average of 90 dollars per barrel, and …

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Acciona Energía to build $1.3 billion wind farm in Australia

Acciona Energía to build $1.3 billion wind farm in Australia

Spain’s Acciona Energía announced plans on Monday to build a 2 billion Australian dollar ($1.34 billion) wind farm in Australia, nearly doubling its investment and generation capacity at a site in the northeastern state of Queensland. The Herries Range 1,000-megawatt (MW) wind farm will be built at the MacIntyre wind farm, where the renewables and …

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Sony creates sensors to move real-time movements to the metaverse

Sony creates sensors to move real-time movements to the metaverse

The Japanese technology multinational Sony (TYO:6758) announced Tuesday the launch next year of a kit of small motion sensors to translate real-time human movements to an avatar in the metaverse. The devices, which will be marketed in Japan at the end of January 2023, are called “mocopi” and consists of six circular devices of just …

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The electromobility hub obtains bank guarantees for 48 million

The electromobility hub obtains bank guarantees for 48 million

The electromobility hub that will assume the reindustrialization of Nissan (TYO:7201) has obtained bank guarantees for the PERTE of the electric vehicle worth about 48 million euros, below the 80 initially planned, although it assures that they are sufficient to start the tractor projects of the plan. This is the amount he has been able …

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Japan’s indices close lower; Nikkei 225 down 0.48%

Japan's indices close lower; Nikkei 225 down 0.48%

At the close of Tokyo, the Nikkei 225fell 0.48%. The best value of the session in the Nikkei 225wasPacific Metals Co., Ltd. (TYO:5541), up 4.83%, 94.00 points to 2.00 at the close. It is followed by Takashimaya Co., Ltd. (TYO:8233), which advanced 3.66%, 63.00 points, to close at 1.00, andIsetan Mitsukoshi Holdings Ltd. (TYO:3099), which rose 3.32%, 42.00 …

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Cryptoverse: Messi takes on Ronaldo in the ‘world’ of fan tokens

Cryptoverse: Messi takes on Ronaldo in the 'world' of fan tokens

The market for football fan tokens, a volatile cocktail of cryptocurrencies and sport, is heating up in the Qatari desert. Interest in this niche of cryptocurrencies, normally linked to sports teams such as Barcelona or Brazil, has skyrocketed with the soccer World Cup that began on November 20. The average daily trading volume of these …

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Rates and recession: European stock markets face a difficult start to 2023

Rates and recession: European stock markets face a difficult start to 2023

Tightening financial conditions and the prospect of an economic recession are set to be a toxic breeding ground for European stocks heading into 2023, with a key regional benchmark slipping towards October lows, according to a Reuters poll. The survey of fund managers and strategists, surveyed over the past two weeks, predicts that the equity …

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Attentive to central bankers: 5 keys this Tuesday in the stock market

Attentive to central bankers: 5 keys this Tuesday in the stock market

Before the central bank meetings in mid-December, these days we are very aware of the statements of central bankers. Today De Guindos and Schanel, from the ECB, speak. ThepetroleumUp. Cryptocurrencies move with rises this morning. Here are the five factors that investors should consider today when making their decisions: 1. Central Bankers: De Guindos and …

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Will we have a Christmas rally this year? This is what the experts say

Will we have a Christmas rally this year? This is what the experts say Bag 7 minutes ago (29.11.2022 09:26)

European markets on the rise on Tuesday -Ibex 35 CAC 40, DAX…- after some good macroeconomic data that we are knowing, and pending the statements of central bankers about the possible monetary policy strategies for the December meetings. On the other hand, the pools of experts on whether we will attend this year (or not) a Christmas …

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2023 Might Be a Big Year for Bitcoin? Here’s Why

Bitcoin

Bitcoin has remained the leader in the cryptocurrency sector for many years. While several digital currencies have emerged over the years, none has beaten Bitcoin. However, anybody keen on monitoring Bitcoin price movements knows its price hasn’t stabilized yet. And that’s also the case for other cryptocurrencies. But Bitcoin has performed relatively better due to …

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Argentina places debt in the local market for 1,268 million dollars

Argentina places debt in the local market for 1,268 million dollars

Argentina placed on Monday in the domestic market bills and Treasury bonds in Argentine currency for a total effective value of 219,050 million pesos (about 1,268 million dollars), official sources reported. According to the Argentine Ministry of Economy in a statement, in Monday’s operation, Treasury Liquidity bills maturing on December 16 and a nominal annual …

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How to Trade Bitcoin with a Limited Capital

Bitcoin

You have probably heard stories of people that have made good money trading Bitcoin. Maybe this has prompted you to consider starting a venture into this industry. But limited finances may prevent you from trading Bitcoin. Therefore, you might wonder whether you can buy and sell this cryptocurrency with fixed capital. Nevertheless, platforms like crypto trader have …

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China’s COVID protests weigh on European stocks

China's COVID protests weigh on European stocks

European stock markets fell from three-month highs on Monday, led by declines in energy, mining and retail stocks, as widespread protests in China over the country’s restrictive COVID-19 measures have triggered a sell-off in global markets. The pan-European indexSTOXX 600It fell 0.5 percent by 0802 GMT after Asian stocks fell sharply. On Monday, China recorded …

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Stock market red: China shakes markets; Eye on oil

Stock market red: China shakes markets; Eye on oil

European markets are trading lower on Monday -Ibex 35, Cac 40, DAX…-, pending protests in major Chinese cities against the harsh restrictions that China is carrying out in its zero COVID policy, which increase investor concern about the implications of growth for the world’s second largest economy. The main Asian stock exchanges -Nikkei, Shanghai Composite and Hang Seng- They also …

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The Ibex 35 extends the fall after opening pending inflation

The Ibex 35 extends the fall after opening pending inflation

The Spanish stock market has extended the fall after the opening of the session and already leaves 0.78%, in a week that begins pending the inflation data in the euro area that will be known next Wednesday. Minutes after the opening, the Spanish selective,IBEX 35It has gone from losing 0.41% to 0.78%, after leaving 64.60 …

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China weighs EUR/USD at the start of a high-risk week

China weighs EUR/USD at the start of a high-risk week

The week starts in negative territory for the pairEUR/USD, which last night opened lower, extending its fall to record lows of 1.0340, due to the generalized aversion to risk assets. China’s population has clashed with police in several cities, including Beijing and Shanghai, over the weekend as widespread discontent with the Zero-Covid policy peaked following …

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British retailers post rebound in October – CBI

British retailers post rebound in October - CBI

British retail sales rebounded this month, according to an industry survey released on Thursday that contrasts with other, gloomier indicators of the consumer economy. The Confederation of British Industry’s (CBI) monthly retail sales balance rose to +18 in October from -20 in September. “Retail sales volumes recovered to grow at a steady pace this month, …

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Gold falls and the dollar rises, as investors await economic data

Gold falls and the dollar rises, as investors await economic data

The price of gold It fell on Thursday and the dollar rose, as investors awaited economic data amid expectations that the Federal Reserve will slow its pace of interest rate hikes after November. At 0952 GMT, spot gold was down 0.1 percent at $1,662.79 an ounce, while U.S. gold futures were also down 0.1 percent at $1,666.70. …

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Dogecoin soars 20%: Is Elon Musk behind it?

Dogecoin soars 20%: Is Elon Musk behind it?

 Dogecoin is the only one that leads among the top 50 cryptocurrencies, with a gain of more than 20%. No other cryptocurrency achieved a weekly gain above 30%. It all started late on Tuesday when the entire market reacted positively to the fall in house prices in the United States. It was thought to be a …

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BoE chief economist criticizes Truss government for lack of cooperation

BoE chief economist criticizes Truss government for lack of cooperation

Bank of England chief economist Huw Pill on Tuesday launched a thinly veiled criticism of the lack of cooperation between outgoing British Prime Minister Liz Truss’s government and Britain’s other economic institutions. Speaking at a conference of the Office for National Statistics (ONS), Pill praised the cooperation between the Bank of England (BoE) and official …

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China’s steel production boosts expectations of more construction

China's steel production boosts expectations of more construction

Production of steel China’s gross rose 3.67% in September compared with the previous month, as steel mills increased production in anticipation of increased construction activity. The world’s top steel producer produced 86.95 million tonnes of the metal last month, according to data from the National Bureau of Statistics on Monday, up from 83.87 million tonnes in August. …

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China’s GDP grows more than expected in the third quarter, but risks loom

China's GDP grows more than expected in the third quarter, but risks loom

BEIJING – China’s economy rebounded at a faster-than-expected pace in the third quarter, but tight COVID-19 controls, a prolonged slump in the property sector and risks of a global recession call into question Beijing’s efforts to foster a strong recovery over the next year. Helped by state measures to revive activity, gross domestic product (GDP) …

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IDC expects employee shortfall to limit the return on technology spend

IDC expects employee shortfall to limit the return on technology spend

Madrid – The shortage of highly qualified personnel will limit the return on investments in technology of companies in the next two years, according to predictions on the information technology sector in the world for 2023 and 2024, published by the consulting firm IDC. Among these estimates, the consulting services provider contemplates that companies will …

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European stocks fall on fears of inflation and slowdown

European stocks fall on fears of inflation and slowdown

The European index STOXX 600 fell on Friday on concerns that the world’s major central banks will maintain their aggressive stance on inflation, while the dismal results of a number of companies, including Adidas increased concerns about the recession. The STOXX 600 fell 0.6% after closing higher on Thursday after the resignation of Liz Truss as British …

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IBM loses 1,071 million in nine months compared to 2021 profit

IBM

IBM announced on Wednesday that it has lost 1,071 million dollars between January and September compared to the benefit of 3,410 million registered in that period of 2021 after recently noting a multimillion-dollar payment related to the pension plans of its staff. The U.S. technology company announced in September that it had agreed to pay $5.9 …

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China maintains its benchmark interest rate at 3.65%

China maintains its benchmark interest rate at 3.65%

The People’s Bank of China (PBOC, central) announced today that it will maintain its reference interest rate at 3.65% after the reduction of five basis points carried out in August. In the monthly update released on its website, the institution indicated that the reference rate for credits (LPR) will remain at its current level until …

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