Thu, March 28, 2024

Amanda Hansen

Amanda Hansen is our senior reporter writing on Economy News. Ms. Hansen is a Georgetown graduate specializing in economic and political sciences. Her Ph.D. concentrates on the market impact on the global economy.

Oil falling in Asia while demand in India continues low

Oil falling in Asia while demand in India continues low

Oil was falling Thursday morning in Asia, with demand from India continuing to fall. Brent oil futures dropped 0.69% to $71.72 by 12:16 AM ET (4:16 AM GMT) and WTI futures were below 0.69% to $69.48. India, the third-largest oil customer, posted its weakest fuel demand level in May after August 2020. Economic activity continued …

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Sth. Korean broker employees won’t trade on their platforms

The Financial Services Commission of Korea will impose a fine of 100 million won exchange employees who trade on its work platform. However, there is no law prohibiting exchange executives and employees from trading cryptocurrencies on their platforms. Officials from the South Korean Financial Intelligence Unit met with the heads of major South Korean cryptocurrency …

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Stocks and central banks

Economists expect inflation to hit historical levels 

Economists expect inflation to hit historical levels for May.  According to the US Bureau of Statistics, the core consumer price index has increased 3.5% on a year-over-year basis. Thism in fact is the fastest annual pace in 28 years.  Economists expect both core and headline CPI to increase by 0.5% in May. In addition, CPI …

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Biden withdraws orders to ban TikTok in the US

Biden withdraws orders to ban TikTok in the US

The White House reported this Wednesday that President Joe Biden revoked the executive orders of his predecessor Donald Trump that sought to ban the Chinese-owned mobile application TikTok. The former president pushed the boundaries of what US national security laws were designed to accomplish. He shamelessly used his powers under a 1977 law, the IEEPA. …

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U.S. Inflation Impacting Fed's Policy

Dollar Hovered Near a Five-Month Low Against Main Peers

The U.S. dollar was close to its lowest point in five months versus major peers on Thursday, as investors looked to U.S. inflation data as well as a European Central Bank (ECB) meeting later in the day. Investors would like to learn more about currency markets. They adopted a wait-and-see attitude all week, sucking volatility …

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US-China competition rises on Covid vaccine diplomacy

US-China competition rises on Covid vaccine diplomacy

As we all know, China has been a major coronavirus vaccine supplier to much of the developing world. According to some experts, this effort could bolster China’s global influence and strengthen its ties with other countries. However, a health governance and policy expert say that the U.S. is now catching up. Remarkably, the White House …

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Bitcoin marketplace Paxful and Russia

El Salvador-the first country to adopt BTC as legal tender

Earlier on Wednesday, the President of El Salvador passed the Congress by an absolute majority in El Salvador’s bill to make Bitcoin (BTC) legal tender. The purpose of the law is to supervise Bitcoin as an available legal tender. Therefore, it will enable citizens to have free power, be unrestricted in any transaction. Also, they …

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After The China's Commerce With Russia Is Slowing But Still Growing Ukraine Crisis, China Reaches Out To Its Asia

China’s producer prices rose 9%, the fastest rise since 2008

China’s producer price index increased 9% in May from a year ago as commodity prices boosted. This is according to the National Bureau of Statistics. Remarkably, it’s the fastest rise in production prices since September 2008, when the index surged 9.13%. While the gains exceeded expectations of an 8.5% increase, the rise does come off …

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A global internet collapse leaves web pages without service

A global internet collapse leaves web pages without service

Internet failure has affected some of the main pages in the world. It generated a huge global alert on Tuesday. Besides, it has revealed once again the vulnerability of digital connections at a time when companies and users depend more than ever on them. A content delivery network, CDN, which provides its services to multiple …

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Gemini Earn lets the users move their assets in Dogecoin

Social Media campaign on Twitter starts to push Dogecoin

The price of Dogecoin has been in a narrow range on weekends and Mondays. It has been fluctuating between US$0.36 and US$0.37 most of the time. Cryptocurrency investors have high hopes for Elon Musk. They hope that social media activities will trigger a buying frenzy. Still, it seems that they have adopted Bitcoin to turn …

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