This company dominates an industry with a growth tailwind that should continue over the next few years.
Bitcoin, the world's largest cryptocurrency, is created by a process called "proof of work" that requires computers to "mine" the currency by solving complex puzzles. An alternative to the system is called the "proof of stake" network, where participants can buy tokens that allow them to join the network.
U.S. stocks closed mixed on Monday as downbeat Chinese and New York state data kindled recession fears, but the 10-year Treasury note's yield staying firmly under 3% spurred hopes the Federal Reserve will prudently hike interest rate hikes. Chinese retail and factory activity fell sharply in April as COVID-19 lockdowns severely disrupted supply chains while New York's factory output slumped in May for the third time this year amid a collapse in new orders and shipments. The Chinese data cast a long shadow over the world's second-largest economy while the steep drop in New York manufacturing could be an early signal of the impact of the Fed's plans to tighten monetary policy to tackle rapidly rising inflation.
Wheat prices surged to a new record high in European trading on Monday after India decided to ban exports of the commodity as a heatwave hit production.
This post was written in collaboration with foodpanda. While we are financially compensated by them, we nonetheless strive to maintain our editorial integrity and review products with the same objective... The post pandapro: The Most Value-for-Money Subscription Ever? Pay $3.99/month, Get $300/Month Savings on Food, Plus Upsized Perks 23-29 May appeared first on MoneySmart.sg.
The U.S. dollar index was lower on Monday after hitting a 20-year peak last week, with the global economy in focus after weak economic data from China highlighted worries about the prospects for a global slowdown. Creating a risk-off mood on Monday, China's retail and factory activity fell sharply in April as extensive COVID-19 lockdowns confined workers and consumers to their homes. Following the release of China's data, Bipan Rai, North America head of FX Strategy at CIBC Capital Markets, said trading was focused on macro economic data on Monday.
Turned over a new page of partnership with the largest online shopping mall in Hong Kong to jointly protect the new retail experience HONG KONG SAR - Media OutReach - 16 May 2022 - Reckitt and HKTVmall, the largest online shopping mall in Hong Kong that connects online and offline, have turned over a new page of partnership to set up Dettol Disinfection Zone for online purchases pickup in nearly 90% of HKTVmall O2O shops and three HKTVmall supermarkets[1]. It allows consumers to disinfect their
Any agreements by Egypt's government to purchase Indian wheat will not be affected by an export ban announced by New Delhi, Egypt's supply minister said on Sunday. Egypt, the world's largest wheat importer, faces a challenge securing wheat after Russia's invasion of Ukraine further inflated high global prices and disrupted relatively cheap Black Sea supplies that Egypt had increasingly relied on.
Five Grand Awards at the "Ear Up Music Festival" 13 New Voices of Hong Kong that Must Be Heard HONG KONG SAR - Media OutReach - 16 May 2022 - Now in its fifth year, the "Ear Up Incubation" music mentorship programme reached another milestone for the local music industry when 14 Hong Kong based groups were chosen as finalists in the long-awaited Ear Up Music Festival in April 2022. Credit: Ear Up Music Along with local rock band, Kolor and independent singer-song writer, Kendy Suen, the 13 rising
Wheat importers in Asia were scrambling to find new sources of supply on Monday after India banned exports of the grain at the weekend in a bid to keep a lid on soaring domestic prices, trade sources told Reuters. Importers, especially those in Asia, were banking on wheat from India, the world's second-biggest producer, after exports from the Black Sea region plunged following Russia's Feb. 24 invasion of Ukraine. Ukraine's exports are severely hampered because the war has forced it to close its ports, while Russia's exports have been hit by Western sanctions.
Facebook boss Mark Zuckerberg rang the opening bell remotely to cheers 10 years ago as the beloved social network made its stock market debut, culminating an all-night hackathon that included street hockey, costumes and music.The Silicon Valley tech colossus rebranded as Meta has since seen its image tainted by accusations it has become a tech tyrant, putting profit over user privacy and even the good of society.
Although the CPF provides a steady return, there are four REITs with distribution yields that exceed the CPF's interest rate. The post 4 REITs with Dividend Yields Better Than Your CPF appeared first on The Smart Investor.
Creditors of Zilingo Pte Ltd have decided to recall all of their loan, prompting the company’s board to appoint an independent financial adviser for options.
Stocks mostly slipped lower Monday following weak Chinese economic data that added to recession worries amid inflation and rising interest rates.
SINGAPORE - Media OutReach - 16 May 2022 - Capturing socio-cultural trends nestled in childhood experiences, MINT Museum of Toys Singapore will narrate influential stories that defined playtime in its latest exhibition, UNBOX Presents: Toy Figurines. Open to the public from 28 May to 28 November 2022, the exhibition will unveil the various toy figurines that underpinned and sparked generational shifts, from the evolution of gender norms portrayed by Barbie, G.I. Joe and Bratz to the epitome of t
Gold rose slightly on Monday as a retreat in U.S. Treasury yields offset headwinds from a relatively firm dollar, which, along with looming interest rate hikes, earlier pushed bullion to a more than three-and-a-half-month low. Spot gold rose 0.3% to $1,817.12 per ounce by 1:52 p.m. ET (1752 GMT), after earlier hitting its lowest since Jan. 31 at $1,786.60. Gold's slight bounce was attributable to a dip in Treasury yields and a small pullback in the dollar, RJO Futures senior market strategist Bob Haberkorn said, adding that the overall trend for the dollar was "still high as the Fed is being aggressive with its rate hikes".
The Reserve Bank of India will follow its surprise May rate rise with another hike at its meeting next month, according to a majority of analysts polled by Reuters who were exceptionally split on the size of the move. India's retail inflation accelerated to an eight-year high in April, remaining above the central bank's tolerance limit for a fourth month in a row, and is likely to stay elevated. The sudden change in views on surging inflation and how to tame it means the RBI will likely take the repo rate, currently at 4.40%, back to at least its pre-pandemic level next quarter and not in 2023 as previously thought.
India's ban on wheat exports has delivered a fresh blow to world markets already reeling from tight supplies due to output issues in traditional export powerhouses Canada, Europe and Australia and snarled supply lines in the war-torn Black Sea area. Benchmark wheat futures in Chicago jumped by their 6% limit on Monday as markets reacted to the ban announced over the weekend, igniting alarm among trading firms and importers who had been banking on millions of tonnes of Indian wheat being available for shipment over the coming months. WHY DID INDIA BAN EXPORTS?
Holcim will use cash raised from the sale of its Indian business for acquisitions focused on building products and solutions, Chief Executive Jan Jenisch said on Monday, with the cement-maker currently eyeing 10 potential targets. Holcim agreed to sell its Indian business to Adani Group for 6.4 billion Swiss francs ($6.38 billion), its largest divestment in years, as it seeks to lower its carbon profile and raise funds for takeovers.
CHICAGO (Reuters) -Chicago wheat futures hit the daily 70-cent trading limit cap on Monday after India banned exports of the grain, an abrupt policy change that fanned concerns about global supplies strained by Russia's invasion of Ukraine. The wheat rally sent spillover strength to corn futures, as global buyers, who were banking on supplies from the world's second-biggest wheat producer, scrambled to respond, traders said. Chicago Board of Trade's soft red winter wheat deferred months all hit contract highs.
Thousands of money exchangers in Afghanistan ended their strike on Monday, the brokers commission said, a day after they shut their shops to protest a steep hike in licence fees imposed by Taliban authorities.
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