Bitcoin Exchanges Struggle To Work With Wary Banks

Cryptocurrency exchanges around the world are under an unprecedented amount of pressure. Meanwhile, Quartz reported Indian banks are delaying routine processes for local exchange platforms such as Koinex for several weeks. “A tussle between our payment service partner and their bank has caused an indefinite delay in the settlement of a large portion of deposits to… Please follow and like us:

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Meat is not the ‘new tobacco,’ and shouldn’t be taxed

By Sylvain Charlebois, Professor in Food Distribution and Policy, Dalhousie University. Is meat the new tobacco? Some are suggesting it is, and urging a “sin tax” on beef, pork and other meats. (Shutterstock) The idea of having to pay a sin tax for environmentally detrimental foods is gaining more support. For some, eating meat is a… Please follow and like us:

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World markets ring in 2018 on mixed note

Global stock markets greeted 2018 on Tuesday in mixed fashion, despite a raft of bright manufacturing surveys, with many investors away for extended holidays. Asian stocks mostly kicked off the year with gains, fuelled by strong data, improving corporate profits and hopes that US President Donald Trump’s tax cuts will fire US and world growth. Sentiment… Please follow and like us:

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The 1 Percent Now Have Half the World’s Wealth

The richest 1 percent of the world’s population owns more than half of household wealth with their share skyrocketing since the global financial crisis, a new report says. The annual Global Wealth Report, published Tuesday by Credit Suisse, points out that while the top 1 percent and 10 percent of the world’s richest saw their share… Please follow and like us:

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Gold demand hits lowest level since 2009: industry

Global demand for gold dropped nine percent in the third quarter, hit by weak buying in key market India, industry body the World Gold Council said Thursday. World demand in the three months to the end of September fell to 915 tonnes compared with one year earlier to stand at the lowest level since the third… Please follow and like us:

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India to invest $17bn on Japanese bullet trains

India will invest $17bn to build its first high-speed train system, having reached a deal with Japan to help finance the project. The network, which will run 508km between Mumbai and Ahmedabad, was announced on Thursday by Prime Minister Narendra Modi. “This is the new India, and the flight of its dreams is endless,” he said.… Please follow and like us:

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China warns against India ‘military buildup’ on border

China says India has been building up troops along its side of the border and demands an “immediate withdrawal” amid an increasingly tense stand-off in a remote frontier region high in the Himalayas. The stand-off on a plateau, which lies at the China-India-Bhutan junction, is one of the worst border disputes between the nuclear-armed rivals in… Please follow and like us:

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Why is India sensitive to China’s road building?

The “eyeball-to-eyeball standoff” between Chinese and Indian troops high in the Himalayas is the longest yet. Usually border incursions are sorted out within days, but this one has been going on for more than a month with no sign of it ending. Whereas the vast majority of frictions at the Line of Actual Control occur in… Please follow and like us:

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China demands India pulls back troops in border dispute

China has demanded that India pull back its troops from a contested region high in the Himalayas, warning New Delhi not “to push your luck” amid a festering border dispute. According to Indian officials, about 300 soldiers from either side face each other about 150 metres apart on the Doklam plateau, an area also claimed by… Please follow and like us:

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With Eye on China, India, U.S. and Japan Conduct Naval Drills

In a signal of deepening military cooperation between India, the United States and Japan, the three countries have deployed some of their largest warships and submarines in the Indian Ocean for an annual naval exercise that is conducted with an eye on China. The naval drills have expanded in the last two years amid growing concerns… Please follow and like us:

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Trade, terrorism top initial meeting between Trump and Modi

Washington (dpa) – US President Donald Trump welcomed Indian Prime Minister Narendra Modi to the White House on Monday, saying he looks forward to working with Modi and India in a “reciprocal” relationship. The meeting was the first face-to-face talks between the current leaders of the world’s largest democracies. “After our meetings today I will say… Please follow and like us:

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Lowe’s lays off over 120 tech workers, will send jobs to India

CHARLOTTE, N.C. — Amid efforts to improve its profitability, Lowe’s has laid off more than 120 corporate tech workers, primarily at its headquarters outside Charlotte. The home-improvement retailer informed affected employees Wednesday morning through early afternoon, according to people familiar with the matter. Many of the affected information technology job functions are being sent to Bangalore,… Please follow and like us:

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Will the Global Economy Recover?

Quora Questions are part of a partnership between Newsweek and Quora, through which we’ll be posting relevant and interesting answers from Quora contributors throughout the week. Read more about the partnership here. Answer from David McDonald, founder of The Global Millennial—an online publication for politics, economics and finance: The global economy obviously took a hit in… Please follow and like us:

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Gold increased 1.89 USD/t oz. or 0.15%

Chart | Calendar | TRADE NOW | GOLD Gold increased 1.89 USD/t oz. or 0.15% Gold| Data | Chart | Calendar | Forecast | News BUZ INVESTORS Gold increased 1.89 USD/t oz. or 0.15% to 1,261.44 on Tuesday May 23 from 1,260.06 in the previous trading session. Historically, Gold reached an all time high of 1898.25… Please follow and like us:

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Inflation Props Up Gold; Ontario’s Massive Debt Load

Here at the outset, I want to share with you an interesting observation we made this week of gold’s seasonal trading pattern. As you can see in the chart below, based on data provided by Moore Research Center, the five-year pattern, represented by the orange line, is diverging from the longer-term trends. Note that the index… Please follow and like us:

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