Day: July 23, 2022
Central Bank Economic Letter finds that recurrent property taxes can, over time, help to mitigate downside risks to house prices. Such taxes may also provide a stable source of revenue for government, as they are less likely to be affected by the economic cycle. Revenue from recurrent property taxes, as a proportion of national income, […]
Central Bank seeks to anticipate and support innovation in the financial services industry Firms in novel areas must ensure their businesses will not be used to launder the proceeds of crime or to finance terrorism Central Bank issues a bulletin to virtual asset service providers (VASPs) to assist them in strengthening their applications and frameworks […]
European equities ended the week on a positive note despite higher-than-expected interest rate hike from the European Central Bank and disappointing survey data on activity in German manufacturing and services sectors. The ECB raised interest rates to zero percent on Thursday for the first time in 11 years, ending a negative interest rate policy in […]
Type: Bearish Breakout Key Levels:Resistance: 0.9737 Pivot: 0.96575Support: 0.95793 Preferred Case:On the H4, with price moving within the descending channel and below the ichimoku indicator, we have a bearish bias that price will drop to our pivot at 0.96575 where the swing low support and 61.8% fibonacci retracement are. Once there is downside confirmation of […]
FTX is proposing to buy out all Voyager Digital digital assets and digital asset loans, except loans to Three Arrows Capital, which would remain Voyager Digital’s problem. 2197 Total views 39 Total shares FTX and Alameda Ventures want to offer Voyager Digital customers a chance to start a new FTX account with an opening cash […]
Schlumberger Ltd. shares SLB, +4.28% jumped 2.7% in premarket trade Friday, after the French oil major posted stronger-than-expected earnings for the second quarter amid high oil prices and raised its full-year guidance. The Paris-based company posted net income of $959 million, or 67 cents a share, for the quarter, up from $510 million, or 36 […]
The Central African Republic, one of the nations served by the Bank of Central African States, passed legislation adopting Bitcoin as legal tender in April. 1456 Total views 55 Total shares The Bank of Central African States, or Banque des États de l’Afrique, which serves Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon, and […]
Jefferies analyst Benjie Creelan-Sandford said Friday the confirmation from Banco Santander S.A. SAN, -1.21% that it won’t continue bidding for Citigroup Inc.’s C, -1.29% Banamex unit in Mexico should ease capital concerns. He reiterated a buy rating on the stock and said Santander’s decision may “allow part of the company’s greater-than 15% implied discount to […]
The reduced difficulty allows Bitcoin miners to confirm transactions using lower resources, enabling smaller miners a fighting chance to earn the mining rewards. 1789 Total views 41 Total shares The difficulty in mining a block of Bitcoin (BTC) was reduced further by 5% to 27.693 trillion as network difficulty maintains its three-month-long downward streak ever […]
Shares of internet companies suffered collateral damage Friday from Snap Inc.’s SNAP, -39.08% bombshell earnings report that led to a 30+% plunge in Snap’s stock. Shares of Alphabet Inc. GOOGL, -5.63% GOOG, -5.81% sank 2.9%, Facebook parent Meta Platforms Inc. META, -7.59% dropped 4.4% and Pinterest Inc. PINS, -13.51% shed 7.0%. Twitter Inc.’s stock TWTR, […]
