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...Economists had forecast 207,000 new claims....
...The Indonesian central bank intervened in foreign exchange markets last week to support the rupiah after the currency crossed the 16,000 mark against the dollar....
...207,000....
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...Bitcoin has surged to record highs this year after US regulators approved spot bitcoin ETFs in January following a decade of rejections....
...Western pharma groups are seeking to diversify production for the US market away from Chinese contract manufacturers, in response to draft US legislation that would prevent some Chinese companies from receiving...
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...This led us to a rather strange juxtaposition this month, when in just one week, three notable things happened....
...Bitcoin was worth about $16,000 at the time of FTX’s collapse and is trading at about $70,000....
...The price has surged since US regulators in January approved spot bitcoin exchange traded funds issued by Wall Street stalwarts including Fidelity and BlackRock, the world’s largest asset manager....
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...MTN has been in conflict over governance with US-listed IHS Towers, Africa’s biggest independent tower operator, which leases almost all of its 16,000 towers in Nigeria to the company....
...His model has Reddit with 131mn users and $2.3bn in revenue in 2027, implying growth of 16 and 30 per cent a year, respectively, over the next four years....
...Why then does it have a 20 per cent weighting in Taiwan or 16 per cent in South Korea, both with outputs per capita equal to Japan’s? Not that I’m complaining....
...Also, the amount of Canadian dollar-denominated claims (US$19.6bn) is only slightly more than the claims on Canadian counterparties (US$16.5bn)....
...Speculation is rife that the US Securities and Exchange Commission will soon approve exchange traded funds that invest in bitcoin directly....
...The biggest fight between banks and regulators in the US in years is over the final implementation of minimum international capital standards crafted by the Basel Committee on Banking Supervision in Switzerland...
...There is also some limited trade denominated in local currencies to avoid Ukraine-related US trade and financial sanctions....
...From an exhibit attached to an S-1 it filed last year: PishPosh Baby LLC (“Borrowed’) promises to pay Moishe Hartstein (“Noteholder”) in lawful money of the United States of America, the amount of $1,000,000.00...
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...The benchmark is just 16 per cent above its 1999 dotcom-era high, while the S&P has more than trebled in value in the same period....
...“The BoI did a pretty good job defending levels beyond 4.00 per US dollar and the disclosure of central bank FX [currency] intervention firepower managed to suppress speculative short shekel flows,” said...
...Average open interest at CME has hit 24,100 contracts this month, equivalent to about $4.6bn, up from 16,500 contracts for 2023....
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