It made the news for a few days and then was buried. The Billionaire Club pays next to nothing...
Tag Archive for: jun 15 2021
BLACKROCK APPROVED TO SELL MUTUAL FUNDS IN CHINA
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, jun 15 2021, 0Chinese regulators have approved Blackrock’s application to sell mutual funds in the country through its Blackrock Fund Management Co.,...
UPDATE: EL SALVADOR RECOGNIZES BITCOIN AS CASH
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, jun 15 2021, 3El Salvador’s legislature has rubber-stamped president Nayib Bukele’s proposal that the country recognize Bitcoin as legal tender. We reported...
Through 2020, shipping companies were selling their older boats for scrap as global demand for non-essential goods crashed. Now,...
“DEFI” SOFTWARE CUTS OUT CRYPTO MIDDLEMEN
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, jun 15 2021, 0Decentralized finance, or “defi,” software is streamlining cryptocurrency transactions by allowing buyers, sellers, and traders to deal directly with...
Chinese law enforcement agencies swept through 23 cities, provinces, and regions last week, busting 170 criminal groups and arresting...
INFLATION HITS CHINA’S FACTORIES IN MAY HARDER THAN EXPECTED
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, jun 15 2021, 0Last month, China’s producer price index (PPI) jumped 9 percent from a year earlier, marking its fastest pace since...
REGULATORS URGE TIGHTEST RULES FOR CRYPTO
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, jun 15 2021, 2Cryptocurrencies should be subject to the most stringent bank capital rules of any asset, a committee of the world’s...
RUSSIA RAISES INTEREST RATE TO TAMP DOWN INFLATION
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, jun 15 2021, 2Russia’s central bank has raised its benchmark interest rate from 5.0 percent to 5.5 in an attempt to cool...
The world’s economy will grow 5.6 percent this year, the World Bank has forecast, up 1.5 percentage points from...
ECB WILL ACCELERATE STIMULUS SPENDING
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, jun 15 2021, 1Although the European Central Bank (ECB) has increased its forecast for both economic growth and inflation in the Eurozone...
Since 2011, capital investments in energy and mining have fallen by 40 percent, according to Schroders, a British asset...
Prices around the world are climbing, putting a brake on the global economic recovery and raising fears that everything...
COVID OUTBREAK AT CHINESE PORT THREATENS GLOBAL TRADE
Support, , TRENDS ON THE GLOBAL ECONOMIC FRONT, jun 15 2021, 4A recent outbreak of COVID-19 cases (100) in southern China threatens global trade because major ports have closed down...
Washington Prime Group, which owns more than 100 retail malls across the U.S., filed for Chapter 11 bankruptcy on...
LORDSTOWN MOTORS SAYS IT MAY NOT SURVIVE; CEO, CFO QUIT
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, jun 15 2021, 2Ohio-based Lordstown Motors, founded in 2018 intending to be the maker of America’s first all-electric commercial pickup truck, lacks...
A division of Blackstone Group, the world’s largest asset manager, is paying $6.7 billion to buy QTS Realty Trust,...
REGULATOR CALLS FOR FEW RULES ON CRYPTOCURRENCIES
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, jun 15 2021, 2Burdening cryptocurrency markets with rules will discourage investors, warned Hester Peirce, one of two Republicans among the five commissioners...
STATE STREET LAUNCHES DIGITAL CURRENCY UNIT
Support, , TRENDS ON THE U.S. ECONOMIC FRONT, jun 15 2021, 2Boston-based bank and asset manager State Street, with $40 trillion in assets in custody or under management, is creating...