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...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...In the next 24 hours or so, those rewards fall from 6.25 bitcoins to 3.125 bitcoins, or from $408,000 to about $204,000 by current prices....
...against the dollar, the Korean won dropped 0.8 per cent to 1,395, a 17-month low that forced a verbal intervention by the authorities, and the Malaysian ringgit was trading close to a 26-year low, down 0.3...
...All major Asian currencies registered losses against the dollar as currency traders take into account fewer expected Federal Reserve interest rate cuts this year....
...The city’s benchmark Hang Seng index rose 1.3 per cent while the Hang Seng Tech index increased 1.7 per cent and the Hang Seng China Enterprises index of large cap stocks added 1.8 per cent....
...Last year Marathon earned 7.7 per cent of its full-year net income from transaction fees, up from 1.3 per cent in 2022. It’s almost inevitable that ratio will rise substantially in the coming years....
...This week’s increase in US consumer price inflation — which hit a higher than expected 3.5 per cent for March — has prompted traders to increase bets that the Fed might deliver as few as one rate cut this...
...The spread — or gap — between 30-year Japanese and US borrowing costs rose to 3.13 percentage points, its highest level since 2003....
...latest of bitcoin’s quadrennial “halving” event and my inbox is awash with predictions about where bitcoin will go once the incentives for miners to verify new blocks of transactions are cut in half, to 3.125...
...In Kenya, which recently averted a looming currency crisis, the central bank’s reserves have recovered to more than $7bn, or 3.7 months of import cover....
...of inflows has been chasing a scarce asset that will only get more scarce after this month’s quadrennial “halving” event in the bitcoin system, when the rewards for miners for verifying a block halve to 3.125...
...Japan’s Topix fell 2.8 per cent and South Korea’s Kospi dropped 3 per cent, leading losses in Asia. Hong Kong and mainland Chinese markets also sold off....
...The Korean won rose as much as 1.1 per cent against the dollar t0 Won1,371.72 and the yen gained up to 0.3 per cent to hit ¥153.96....
...Summarise in 2-3 sentences why La Rioja plans to issue “bocades” Under what conditions would the “bocades” solve La Rioja’s problems?...
...South Korea’s currency declined 0.8 per cent to trade at Won1,330.50 per dollar, the yen slid 0.3 per cent to ¥146.15, while the Australian dollar fell 0.7 per cent to US$0.66....
...But could a company trading at a revenue multiple of 1,400 suddenly trade at a multiple of, say, 3,000? Sure! Why not?...
...It means that the number of coins a miner gets as a reward for completing each calculation will fall from 6.25 to 3.125....
...The data comes in the wake of higher than expected consumer price inflation numbers for February, which showed that headline inflation increased to 3.2 per cent last month, up from 3.1 per cent in January...
...Traders had already slashed their bets on rate cuts by the Fed last week after official data showed a 3.5 per cent increase in consumer prices for the year to March, up from 3.2 per cent in February and...
...Miners will have to work twice as hard for the same money as the number of bitcoin rewards drops from 6.25 to 3.125 — or put another way, all else being equal, production costs will double to about $50,000...
...The country is cracking down on currency speculation as the naira falls. The exchange decided to delist the naira from its site....
...These are: supply and demand dynamics in the lead-up to the “halving” expected in April, when the number of new bitcoins mined every 10 minutes halves to 3.125; the prospect of lower interest rates; and...
...The dollar strengthened against Asian currencies on Monday, driven by expectations for US inflation data this week and figures over the weekend showing worsening deflation in China....
...The S&P purchasing manager’s index, a measure of activity in the private sector, rose to 53.3 in February, up from 52.9 in January and the highest since May 2023....
...The US central bank suggested on Wednesday it would cut rates down to between 3 and 3.25 per cent by the end of 2026....
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