Reserve Asset

Wall Street set to set new records after October rally

U.S. equity futures rose on Monday, setting the stage for new records ahead of a crucial Federal Reserve move later in the week. What is happening Futures contracts on the Dow Jones Industrial Average YM00, + 0.46% increased 163 points, or 0.5%, to 35,867 Futures on the S&P 500 ES00, …

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It is imperative for the G20 to act as a leader in the regulation of crypto-assets – Analysis – Eurasia Review

By Ussal Sahbaz So-called “crypto-assets” have recently been the focus of attention by regulators of G20 economies. This article will argue that the G20 has both the opportunity and the responsibility to coordinate these efforts to ensure that the building blocks of the next generation of decentralized finance (DeFi) and …

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AM Best upgrades the credit rating of 321 Henderson Receivables V LLC Class B Notes

OLDWICK, New Jersey – (COMMERCIAL THREAD) –AM Best Upgraded the Long Term Issue (Long Term IR) credit rating to ‘bbb +’ (good) from ‘bbb’ (good) on the Class B 10.00% Fixed Rate Asset Backed Notes of $ 4,695,000, Series 2008-3, issued by 321 Henderson Receivables V LLC (the issuer), a …

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The dilemma Latin America faces when it comes to using IMF assets (and the cases of Argentina and Mexico)

Once the most devastating effects of the covid-19 pandemic were overcome, governments in Latin America and the Caribbean – one of the regions most affected due to restriction measures amid the health contingency – have pledged to consolidate the recovery of their economies. The decision of the International Monetary Fund …

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Axis Bank shares plunge more than 3%. Should you buy second quarter results? What brokers say

Axis Bank shares plunged more than 3% to ??806 each on BSE in Wednesday’s opening offers. Autonomous net profit of private lender Axis Bank jumped 86% to ??3,133 crore in the second quarter ended September 2021, which Jefferies said was ahead of estimate thanks to the drop in the cost …

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Financial managers end third quarter less optimistic about credit spreads and default rates

Fund managers were slightly less optimistic about the direction of credit spreads and credit default rates for next year, a perspective that applies globally and across most industries, according to third quarter credit outlook forecast from the International Association of Credit Portfolio Managers (IACPM). . Although the survey results indicate …

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How much the US economy has slowed and profits galore this week

GDP – Gross Domestic Product. American dollar texture. getty This week brings us the verdict on US economic growth in the third quarter. It should show a sharp deceleration from robust second quarter growth with supply chain disruptions and the Delta variant weighing on business. The Atlanta Federal Reserve currently …

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Is Bitcoin a Threat to the Dollar?

The world has used the US dollar as a reserve currency for decades. However, some people believe that the growing popularity of Bitcoin threatens this global US dollar supremacy. Some people have even warned that digital currencies like Bitcoin threaten the dominance of the US dollar over the current financial …

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China could move towards looser monetary policy, but needs to be cautious

People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China, September 28, 2018. Jason Lee | Reuters BEIJING – China’s central bank is poised to move cautiously towards easing monetary policy even as the United States is poised to tighten policy. Going …

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Fed report shows wage pressures amid “modest to moderate” economic growth

The Federal Reserve Building stands against a blue sky in Washington, USA, May 1, 2020. REUTERS / Kevin Lamarque / File Photo October 20 (Reuters) – U.S. employers reported significant price and wage increases even as economic growth slowed to a “moderate to moderate” pace in September and early October, …

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