Germany to add China’s yuan to currency reserves

Germany’s central bank has said it will include China’s yuan in its reserves, giving another boost to Beijing’s drive to internationalise the currency and helping send the unit to two year highs. The Bundesbank said its board had decided in July to invest in the renminbi, as it is also known, to take account of its… Please follow and like us:

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Asia markets extend rally as Hong Kong eyes record

Asian traders continued their blistering start to the year on Monday with most markets rising and Hong Kong within spitting distance of its record high, while the euro extended its gains against the dollar. Wall Street once again provided a strong lead on the back of optimism about corporate earnings in light of Donald Trump’s tax… Please follow and like us:

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US Homeland Security Chief Vows to Correct Hawaii’s Missile Alert System

US Homeland Security Chief Vows to Correct Hawaii’s Missile Alert System incoming missile in Hawaii, but said authorities are “all working to make sure it doesn’t happen again.” Officials continued to investigate the circumstances surrounding the Saturday incident in which residents of the western-most U.S. state in the… Please follow and like us:

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Moscow: US by Sanctions Want to Influence Russian Situation before Presidential Election

TEHRAN (FNA)- Russia’s Deputy Foreign Minister Sergei Ryabkov said by drafting personal anti-Russian sanctions, the US is trying to influence the situation in Russia before the presidential election, as he commented on a report, in which the US is drafting a list of persons to undergo the sanctions. “By end of January, as we understand, will… Please follow and like us:

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Another Sign Of Cryptocurrency Regulations?

The noose of regulation seems to be closing around the Medusa’s head-like neck of cryptocurrencies. After months of monitoring by various agencies, the financial services panel of the Senate will meet top market regulators early in February to discuss bitcoin and other cryptocurrencies, as well as the possible risks their trading poses, Reuters reported Wednesday. Citing… Please follow and like us:

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In A “Synchronized” Global Economy, China’s Numbers Are Worrisome

In a January 10 research piece, Capital Economics points to key dots that are not often connected, which is nothing new for the independent research provider. In a global economy, historically geographic regions have exhibited a degree of noncorrelation. For hundreds of years, the economic ripples occurring in China were gently felt in the US. But… Please follow and like us:

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Tighten Monitoring Of Chinese Investments, Experts Tell HASC

WASHINGTON: As China forges ahead trying to grab the head of the technology table by throwing money, policy and people at quantum computing and Autonomous Intelligence, the US should carefully watch what companies China invests in or tries to buy. Those were the conclusions of three of the top China and technology experts in Washington who… Please follow and like us:

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EU – IRAN – EU powers urge Trump to back Iran nuclear deal

Britain, France and Germany made a joint plea to Donald Trump on Thursday to endorse a key nuclear deal with Iran as the US president mulls reimposing sanctions on Tehran. “The deal is working, it is delivering on its main goal, which means keeping the Iranian nuclear programme in check,” said EU foreign policy chief Federica… 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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Trump: ‘Great Thing for the World’ if Korean Talks Make Progress

U.S. President Donald Trump says he hopes the newly arranged talks between North and South Korea will go “beyond the Olympics” and promised the United States will take part “at the appropriate time.” Trump gave an unusual news conference Saturday from the Camp David presidential retreat, where he met with Republican lawmakers. Of the upcoming talks… Please follow and like us:

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Dow hits 25,000 points for 1st time on US hiring data

The Dow shot above 25,000 points for the first time Thursday as strong US private-sector hiring data extended a stocks rally already boosted by the recent US tax reform. US stocks opened 2018 in full-throttle bull market mode, bidding stocks up and continuing the succession of records seen last year, especially following the massive tax cut… Please follow and like us:

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Trump administration targets recreational pot, placing marijuana businesses at risk

WASHINGTON — Attorney General Jeff Sessions is rescinding an Obama-era federal policy that provided legal shelter for marijuana sales in states that have allowed recreational pot, placing thousands of marijuana businesses operating legally under state law at risk of federal raids and seizures. The Justice Department move plunged California’s fledgling recreational pot market into further uncertainty,… Please follow and like us:

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What the heck is a bomb cyclone?

And just how bad is it? It’s a scary-sounding term. DepositPhotos Bomb cyclone: it sounds really cool, it’s actually kind of scary, and it’s headed your way. On Wednesday and Thursday, the intimidatingly-named winter storm is set to hit the East Coast with icy precipitation from Florida up into New England. But a name as apocalyptic… Please follow and like us:

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US Fed members divided over rate hikes in 2018

US central bankers are divided over how fast they will need to raise interest rates next year, given differences over the causes behind the low inflation and wage gains seen to date, a report showed Wednesday. The minutes of the December 12-13 policy meeting, when the Federal Reserve raised the benchmark lending rate for the third… Please follow and like us:

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Global economy faces two challenges

The world economy’s performance in 2017 was significantly better than the previous year. According to the World Bank forecast, global economic growth is likely to reach 3.6 percent in 2017, as the economies of the European Union, the United States and Japan all showed clear signs of improvement in the third quarter with a growth rate… Please follow and like us:

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