Jump despite posting a drop unanimousul profit. The lender says its current performance momentum is better dhan last year. The lender slashes its fwoenus pool by 15 . And todays u. S. Adp report could show hiring in the u. S. Sector slowed last month. This as Winter Weather continues to have the job growth. Youre watching worldwide exchange, bringing you Business News from around the globe. More cautious sentiment as far as the european markets are concerned this morning, despite ongoing signs of improvement of dialogue as far as the ukrainian russia situation is concerned. Pretty evenly split on the stoxx europe 600 this morning. You did see a contraction as far as the French Services pmi. The concern, at an eightmonth low there. The best data seen in germany since june 2011. Mixed performance in the markets this morning. The ftse 100 just 0. 1 lower. Relatively unchanged for the german and french markets. A little tentative trade on the ftse mib, up 0. 5 . Let me give you a picture a
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China’s much-hyped digital yuan leaves early users underwhelmed Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
A sign for the digital yuan, also referred to as e-CNY, at a shopping mall in Shanghai | REUTERS
Bloomberg May 10, 2021
As China moves closer to rolling out the world’s first major sovereign digital currency, speculation over the global implications has reached a fever pitch.
Historian Niall Ferguson is calling the digital yuan a potentially fatal challenge” to decades of American financial hegemony. Franklin Templeton’s Michael Hasenstab says it could undermine the dollar’s role as the world’s reserve currency. Joe Biden’s White House is studying the potential threat to U.S. interests.
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Real estate lawyer Andrew Petersen replaces Anna Buchly in the top seat New Zealand’s Bell Gully has named Andrew Petersen as its new chair amid a number of senior promotions across the firm. Petersen – who leads the firm’s projects and real estate department – replaces Anna Buchly after almost three years in the role, who steps down to resume her full-time practice as a corporate lawyer covering capital markets, M&A and private equity. Petersen has been at Bell Gully for almost two decades, having joined from Freshfields Bruckhaus Deringer in 2003. As well as Petersen’s appointment, the firm has also made three partner promotions – banking and finance lawyer Jennifer Gunser and experienced litigators Blair Keown and Kirsty Dobbs.