China manufacturing PMI shrinks in Oct, services growth slows
-- Chinese manufacturing activity unexpectedly shrank in October, while non-manufacturing activity grew at a slower pace as domestic businesses faced continued...
-- Chinese manufacturing activity unexpectedly shrank in October, while non-manufacturing activity grew at a slower pace as domestic businesses faced continued...
The Hong Kong Monetary Authority (HKMA) has released the first phase report of the "Digital Hong Kong Dollar" Pilot Plan. As reported by Odaily, the trial phase of the plan has demonstrated potential unique benefits of the digital Hong Kong dollar in three key areas: programmability, tokenization, and instantaneous settlement. The ability to digitize the Hong Kong dollar could facilitate faster, more cost-effective, and inclusive transactions while also enabling newer economic activities. However, since pilot program trials took place on a small scale within a controlled environment, the HKMA maintains that further study and evaluation are necessary to confirm whether the benefits identified can be applied to bigger, real scenarios. The HKMA has yet to make a decision on the official launch of the digital Hong Kong dollar. The Authority will use the experience and results from the first phase to refine possible implementation strategies. The next phase of the project will involve exploratory studies on new use cases for the digital Hong Kong dollar and deeper analysis of the trial results.
-- Australian retail sales grew much more than expected in September, tracking a strong start to spring shopping and feeding into expectations that inflation will...
Welcome to the Artificial Intelligence Outlook for Forex trading. https://www.youtube.com/watch?v=tgzUS1nRYoc VIDEO TRANSCRIPT Hello everyone, welcome back. My name is Greg Firman, and this is the VantagePoint AI Market Outlook for ...
On October 29th, asset management company VanEck reportedly submitted a revised version of their Bitcoin Spot ETF to the U.S. Securities and Exchange Commission (SEC). This news was shared by Bloomberg ETF analyst James Seyffart via social media, according to a report by BlockBeats. This development comes only a few days after Bitwise, a prominent crypto asset management organization, took a similar path. As reported by BlockBeats on October 26th, Bitwise submitted their own modified version of a Bitcoin Spot ETF to the SEC. Seyffart highlighted that Bitwise's submission was, in essence, a response to comments and concerns raised by the SEC. Should the SEC approve Bitwise's product, it is set to trade under the ticker BITB. It remains to be seen if VanEck's revised submission will receive a similar nod of approval from the US regulatory body. This move of submitting revised Bitcoin spot ETFs represent the continuous efforts from various investment companies to receive a green light for Bitcoin ETFs, which have the potential to open up cryptocurrency to a broader investment audience, and foster growth in the digital assets market.
A Wall Street analyst is like the captain of a ship in the world of finance. They're the ones who dig deep, sift through mountains of data, and use their ...
-- Inflation in Japan’s capital grew more than expected in October, coming just a few days before a Bank of Japan meeting where investors expect more signals on a...
The short squeeze has surprised markets on many occasions. Learn more about what it is, its causes and the effects on traders.
According to Cointelegraph: The United States Securities and Exchange Commission (SEC) has imposed a $2.5 million fine on BlackRock Advisors, LLC, one of the world's largest asset managers. The penalty comes as a result of BlackRock's failure to accurately describe its significant investments in the entertainment industry, according to the SEC. iShares Bitcoin ETF listing on DTCC. Source: DTCC Between 2015 and 2019, BlackRock's Multi-Sector Income Trust (BIT) allegedly made major investments in a print and advertising business called Aviron Group, LLC, through a loan facility. The SEC's accusation centers around BlackRock erroneously classifying Aviron as a "Diversified Financial Services" provider in several of BIT's yearly and semi-annual public reports. Furthermore, the SEC claims that BlackRock misrepresented the interest rate associated with its investment in Aviron. BlackRock identified and rectified these mistakes in 2019. Meanwhile, BlackRock has recently attracted attention in the crypto community due to a proposed spot Bitcoin ETF. The SEC's charges against BlackRock coincided with the listing of its spot Bitcoin ETF by the Depository Trust & Clearing Corporation (DTCC). The sighting of the ETF listing led many to believe that regulatory approval for the product was imminent. Nevertheless, a DTCC spokesperson clarified that the iShares Bitcoin ETF has been listed on the platform since August, with the listing not necessarily indicating regulatory endorsement.
-- Australian consumer inflation edged past expectations in the third quarter as a recent spike in oil prices factored into higher fuel costs, feeding bets that the...