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Zuckerberg faces grilling on Facebook’s ambitious digital currency plans

6 hours ago NAMEX Comments Off on Zuckerberg faces grilling on Facebook’s ambitious digital currency plans
WASHINGTON (Reuters) – Facebook Inc (FB.O) chief executive Mark Zuckerberg will be grilled by lawmakers over the company’s plan to launch a digital currency and efforts to prevent foreign election interference when he appears before a Congressional panel on Wednesday. FILE PHOTO: Facebook Chairman and CEO Mark Zuckerberg addresses the audience on “the challenges of Read More

Zuckerberg to tell Congress Facebook is ‘not the ideal messenger’ for Libra currency

23 hours ago NAMEX Comments Off on Zuckerberg to tell Congress Facebook is ‘not the ideal messenger’ for Libra currency
FILE PHOTO: A small toy figure is seen on representations of the virtual currency on a displayed European Union flag and the Facebook Libra logo in this illustration picture, October 20, 2019. REUTERS/Dado Ruvic/Illustration WASHINGTON (Reuters) – Facebook Chief Executive Mark Zuckerberg plans to acknowledge before Congress that Facebook is not the “ideal messenger” for Read More

Are we ‘sleepwalking’ into next financial crisis? RT’s Boom Bust explores fiat v crypto battle

1 day ago NAMEX Comments Off on Are we ‘sleepwalking’ into next financial crisis? RT’s Boom Bust explores fiat v crypto battle
Bitcoin proponents have been lately voicing alarms after the US Federal Reserve printed more money in a single month than bitcoin’s entire market cap of nearly $149 billion. Since mid-September, the Fed has injected $210 billion into the economy, insisting the move is not a return to quantitative easing. Meanwhile, the former Bank of England Read More

Indian PM Modi is winning his biggest war, and it’s not against Pakistan

1 day ago NAMEX Comments Off on Indian PM Modi is winning his biggest war, and it’s not against Pakistan
Indian Prime Minister Narendra Modi has engaged in his country’s most significant war – the war against extreme poverty. Based on personal experience, he has transformed India on several parameters beyond belief. Modi, who could well win a popular five-year mandate for the third time in 2024, would by then be within touching distance of Read More

Morning News Call – India, October 22

2 days ago NAMEX Comments Off on Morning News Call – India, October 22
To access a PDF version of this newsletter, please click here here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 10:15 am: NITI Aayog CEO Amitabh Kant at FICCI event in New Delhi. 5:45 pm: Axis Bank earnings simulcast in Mumbai. LIVECHAT - ECB PREVIEW TS Read More

GRAPHIC-A quiet exit for Draghi? Five questions for the ECB

2 days ago NAMEX Comments Off on GRAPHIC-A quiet exit for Draghi? Five questions for the ECB
LONDON, Oct 21 (Reuters) – Mario Draghi’s last meeting as European Central Bank chief this Thursday may prove a lively gathering given a deep rift among policymakers over renewed asset purchases that threatens the effectiveness of policy. After unleashing a wave of stimulus measures in September — including an interest-rate cut and a decision to Read More

Japan’s extended exports slump could push BOJ to ease next week

3 days ago NAMEX Comments Off on Japan’s extended exports slump could push BOJ to ease next week
TOKYO (Reuters) – Japan’s exports contracted for a 10th straight month in September, adding to speculation the central bank could ease monetary policy as soon as next week to support an economy hit by a slowdown in global demand. FILE PHOTO: A man in a bicycle drives past containers at an industrial port in Tokyo, Read More

Japan’s September exports slip for 10th month, builds pressure on BOJ to ease next week

3 days ago NAMEX Comments Off on Japan’s September exports slip for 10th month, builds pressure on BOJ to ease next week
TOKYO (Reuters) – Japan’s exports contracted for a 10th straight month in September, raising speculation the central bank could ease monetary policy as soon as next week to counter heightening overseas risks and a slowdown in demand. FILE PHOTO: A man in a bicycle drives past containers at an industrial port in Tokyo, Japan, May Read More

India set to eclipse US with global economic growth share by 2024

3 days ago NAMEX Comments Off on India set to eclipse US with global economic growth share by 2024
India is expected to become a much bigger driver of global growth than the world’s current largest economy, the US, in just five years, according to Bloomberg calculations based on International Monetary Fund (IMF) data. The global economic watchdog warned about the risks of the slowdown that the world is currently facing as it downgraded Read More

China’s central banker says yuan level ‘appropriate’, trade tensions risk to global economy

4 days ago NAMEX Comments Off on China’s central banker says yuan level ‘appropriate’, trade tensions risk to global economy
WASHINGTON (Reuters) – China’s top central banker said on Saturday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China’s yuan at an appropriate level. People’s Bank of China Governor Yi Gang, Federal Reserve Chairman Jerome Powell and Nigeria’s Finance Minister Read More