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Asia relieved at latest trade truce, China data disappoints

2 hours ago NAMEX Comments Off on Asia relieved at latest trade truce, China data disappoints
SYDNEY (Reuters) – Asian share markets firmed on Monday as signs of progress in the Sino-U.S. trade standoff whetted risk appetite, though investors were wary of the damage already done to the global economy. FILE PHOTO: A woman points to an electronic board showing stock prices as she poses in front of the board after Read More

GLOBAL MARKETS-Asia relieved at latest trade truce, China data disappoints

2 hours ago NAMEX Comments Off on GLOBAL MARKETS-Asia relieved at latest trade truce, China data disappoints
SYDNEY (Reuters) – Asian share markets firmed on Monday as signs of progress in the Sino-U.S. trade standoff whetted risk appetite, though investors were wary of the damage already done to the global economy. FILE PHOTO: A woman points to an electronic board showing stock prices as she poses in front of the board after Read More

Facebook’s digital currency dealt another blow

4 hours ago NAMEX Comments Off on Facebook’s digital currency dealt another blow
Facebook’s Libra cryptocurrency must not go ahead until the company proves it is safe and secure, according to a report by the world biggest economies. In a blow to the social media giant, the report by the G7 group of nations warns cryptocurrencies like Libra pose a risk to the global financial system. The draft Read More

GLOBAL MARKETS-Asia shares cheered by Sino-.U.S. trade progress

5 hours ago NAMEX Comments Off on GLOBAL MARKETS-Asia shares cheered by Sino-.U.S. trade progress
SYDNEY (Reuters) – Asian share markets pushed higher on Monday as signs of progress in the Sino-U.S. trade standoff whetted risk appetites, while pressuring safe-haven bonds and the yen. FILE PHOTO: A woman points to an electronic board showing stock prices as she poses in front of the board after the New Year opening ceremony Read More

UPDATE 1-Hundreds of Algerians protest against proposed energy law

10 hours ago NAMEX Comments Off on UPDATE 1-Hundreds of Algerians protest against proposed energy law
ALGIERS (Reuters) – Hundreds of Algerians protested in front of parliament on Sunday against proposed changes to the energy law that they say the caretaker government has no right to pass. Demonstrators carry national flags and banners during a protest against a proposed new hydrocarbons law in Algiers, Algeria October 13, 2019. REUTERS/Ramzi Boudina The Read More

What to watch in third quarter earnings from U.S. companies

17 hours ago NAMEX Comments Off on What to watch in third quarter earnings from U.S. companies
NEW YORK (Reuters) – U.S. companies are preparing to report third-quarter results following a rocky few months in which they grappled with a U.S.-China trade conflict undermining the business environment and an overall economy that has been showing signs of struggling. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) Read More

‘Our currency’s stable, why not use it?’ Russia looks to ditch US dollar for exchanges in rubles & euro in energy exports

22 hours ago NAMEX Comments Off on ‘Our currency’s stable, why not use it?’ Russia looks to ditch US dollar for exchanges in rubles & euro in energy exports
Russia is planning to abandon the US dollar in favor of euro and rubles for currency settlements in global energy transactions in order to minimize reliance on the American currency. “We have a very good currency, it’s stable. Why not use it for global transactions?” Economy Minister Maxim Oreshkin said in an interview with the Read More

Facebook’s Libra could be a flop after Visa, Mastercard & eBay abandon project ahead of launch

2 days ago NAMEX Comments Off on Facebook’s Libra could be a flop after Visa, Mastercard & eBay abandon project ahead of launch
Facebook’s plan to introduce its own cryptocurrency, Libra, next year has faced another serious setback, after Visa, Mastercard, eBay and Stripe became the latest companies to pull out from the project. In statements following their decision, the companies said that they were still interested in the cryptocurrency as a secure digital payment method, but have Read More

Facebook’s Libra could be a flop after Visa, Mastercard & eBay abandon cryptocurrency ahead of launch

2 days ago NAMEX Comments Off on Facebook’s Libra could be a flop after Visa, Mastercard & eBay abandon cryptocurrency ahead of launch
Facebook’s plan to introduce its own cryptocurrency, Libra, next year has faced another serious setback, after Visa, Mastercard, eBay and Stripe became the latest companies to pull out from the project. In statements following their decision, the companies said that they were still interested in the cryptocurrency as a secure digital payment method, but have Read More

Facebook’s Libra currency abandoned by major financial companies

2 days ago NAMEX Comments Off on Facebook’s Libra currency abandoned by major financial companies
(Reuters) – Facebook Inc’s ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa Inc quit the group behind the project. FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Libra logo in this illustration Read More