Category: Global
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Shekel gains continue, bucking global trend against dollar
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The shekel rises today against the US dollar and the euro. In the afternoon of interbank trading, the shekel fell 0.21% against the dollar to 3.731 shekels/dollar, and was down 0.49% against the euro at 3.926 shekels/euro. Yesterday, the Bank of Israel set the shekel-to-representative dollar rate 0.107% lower than…
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Bitcoin Could Capture 10% Of $20 Trillion Global Money Supply Growth In 2025, Analyst Predicts
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While the cryptocurrency market is eagerly anticipating Bitcoin (BTC) to surpass the $100,000 price level, the leading cryptocurrency may have more room to grow in 2025 as the global M2 money supply expands. Rising global liquidity: a catalyst for Bitcoin? In detail analysis On Coates noted that after reaching its…
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Bitcoin Could Capture 10% Of $20 Trillion Global Money Supply Growth In 2025, Analyst Predicts
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While the cryptocurrency market is eagerly anticipating Bitcoin (BTC) to surpass the $100,000 price level, the leading cryptocurrency may have more room to grow in 2025 as the global M2 money supply expands. Rising global liquidity: a catalyst for Bitcoin? In detail analysis On Coates noted that after reaching its…
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Is Bitcoin Poised for a $150K Rally? Insights from a $20T Global Money Supply Projection
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Latest vision Experts have revealed that Bitcoin is poised to benefit from a massive liquidity infusion expected for 2025, which could attract $2 trillion in new investments into Bitcoin. This expectation stems from expectations that the US Federal Reserve will significantly increase the global money supply, which could boost Bitcoin’s…
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Is Bitcoin Poised for a $150K Rally? Insights from a $20T Global Money Supply Projection
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Latest vision Experts have revealed that Bitcoin is poised to benefit from a massive liquidity infusion expected for 2025, which could attract $2 trillion in new investments into Bitcoin. This expectation stems from expectations that the US Federal Reserve will significantly increase the global money supply, which could boost Bitcoin’s…
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Global banks invest $20m in Israeli fintech co Capitolis
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Israeli fintech company Capitolis Today it announced a $20 million strategic investment from four leading global banks. The new round is led by Citi and includes State Street, both existing investors in Capitolis, as well as new investors Morgan Stanley and UBS. Each bank will invest $5 million and will…
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Toyota’s global output declines for ninth straight month in October
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TOKYO (Reuters) – Toyota Motor Corp’s global production fell for the ninth straight month in October, dragged down by large production declines in the United States and China, but the decline was slight compared to previous months. The world’s largest automaker also recorded its first rise in five months in…
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Thailand, the ‘Detroit of Southeast Asia’, is at the forefront of China’s battle for the global auto market
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Narong Yuengtaporn, a retired civil servant in Bangkok, bought an electric car made by GAC Aion earlier this year. He is part of a growing number of Thai drivers who are buying electric cars sold by Chinese car companies but made in Thailand, a country that has become one of…
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Charting the Global Economy: Prospects Dim for European Economy
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Breadcrumb links BMN Business Business activity in the euro zone unexpectedly contracted this month, raising concerns about the outlook for the European economy and suggesting that the European Central Bank will need to be more aggressive with interest rate cuts. Article writer: Bloomberg News Vince Juhl and Molly Smith Posted…
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Mulberry cuts 85 jobs as sales fall 19% amid global luxury downturn
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Luxury fashion brand Mulberry has announced a significant restructuring plan after announcing a 19% drop in group revenues to £56.1 million for the six months to September 28. Newly appointed CEO Andrea Baldo revealed 85 jobs – nearly a quarter of the company’s 350-person workforce – were being cut as…
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Mulberry cuts 85 jobs as sales fall 19% amid global luxury downturn
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Luxury fashion brand Mulberry has announced a significant restructuring plan after announcing a 19% drop in group revenues to £56.1 million for the six months to September 28. Newly appointed CEO Andrea Baldo revealed 85 jobs – nearly a quarter of the company’s 350-person workforce – were being cut as…
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Israeli co Canada Global buys Miami real estate for $116m
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Income-producing Israeli real estate company Canada Global (TASE: CNGL), controlled by Israel Canada (TASE: ISCN) controlling shareholders Assaf Toshmir and Barak Rosen (60%), informed the Tel Aviv Stock Exchange (TASE) this morning that it has purchased an office complex in Miami for $116. Million dollars. Investors in Canada Global include…
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Week Ahead in FX (Nov. 11 – 15): U.S. Inflation And Global Jobs Data To Take Center Stage
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Get ready for another action-packed trading week, Forex friends! Important data this week includes US inflation reports, the labor market from the UK and Australia, and China data that could shake market sentiment. But before all that, make sure you are aware of the global market movements and key currency…
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Charting the Global Economy: Trump Win Reverberates Around the World
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Breadcrumb links BMN Business Donald Trump’s decisive victory in the US presidential elections has already made world leaders prepare for how his next administration will shape the global economy. Article writer: Bloomberg News Molly Smith Published on November 9, 2024 • 4 minutes read You can save this article by…
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Global Market Weekly Recap: November 4 – 8, 2024
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Trump’s presidential victory sparked a broad market rally, with investors piling into assets in hopes of business-friendly policies and fiscal stimulus under the new administration. Bitcoin made some of the biggest waves while US stock indices also reached record highs. However, the excitement cooled slightly towards the end of the…
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Global Market Weekly Recap: November 4 – 8, 2024
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Trump’s presidential victory sparked a broad market rally, with investors piling into assets in hopes of business-friendly policies and fiscal stimulus under the new administration. Bitcoin made some of the biggest waves while US stock indices also reached record highs. However, the excitement cooled slightly towards the end of the…
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Shekel gains against dollar, bucking global trend
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As soon as it became clear yesterday that Donald Trump had won the US presidential election, the US dollar began to rise in the foreign exchange market, which is always the quickest of financial markets to respond. The DXY index, which measures the strength of the US dollar, rose 1.5%…
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Trump unlikely to significantly alter ongoing global energy shift
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Donald Trump has firmly returned to the presidency of the United States, with the possibility of obtaining a majority in the Senate or House of Representatives. This would enable him to reverse any aspect of Biden’s inflation-reduction law that might be unpopular with the fossil fuel lobbyists who supported his…
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Global Dollar Network Debuts With Backing From Robinhood, Galaxy Digital, Others
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Some leading cryptocurrency companies have officially formed an alliance aimed at encouraging digital asset users around the world to adopt stablecoins. Robinhood, Kraken, Galaxy Digital, Anchorage Digital, Bullish, Nuvei, and Paxos join the launch New stablecoin Known as USDG, or Global Dollar Network, which helps integrate stablecoins into everyday financial…