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UAE central bank extends some stimulus measures until mid-2022

3 Min Read DUBAI (Reuters) -The United Arab Emirates central bank said on Tuesday it has extended until mid-2022 some stimulus measures introduced last year to mitigate the impact of the coronavirus crisis on the economy. FILE PHOTO: A general view of Business Bay area, after a curfew was imposed to prevent the spread of the coronavirus disease (COVID-19), in Dubai, United Arab Emirates, March 28, 2020. REUTERS/Satish Kumar/File Photo The Targeted Economic Support Scheme (TESS) helps banks provide temporary relief to companies and individuals affected by the COVID-19 pandemic and facilitates additional lending capacity through the relief of existing capital and liquidity buffers.

Canada s Purpose Investments secures approval to launch world s first Ether ETF

By Reuters Staff 1 Min Read TORONTO, April 16 (Reuters) - Canadian asset manager Purpose Investments Inc said on Friday that it has been cleared by Canadian securities regulators to launch the first direct custody Ether exchange traded fund in the world. The Purpose ETF is designed to provide investors with exposure to the cryptocurrency by investing directly in physically settled Ether tokens, Purpose Investments said. In February, the company launched the world’s first Bitcoin ETF. (Reporting by Fergal Smith; Editing by Leslie Adler)

Gold and silver Q2 outlook: Will rising inflation support precious metals?

Gold and silver Q2 outlook: Will rising inflation support precious metals? City Index April 15, 2021 2:46 PM Historically, increased fears over inflation have largely (but not always) been favourable to gold - read on for our take on how it could play out this cycle! Share: This piece from StoneX was posted with permission by the author Rhona O’Connell, Head of Market Analysis for EMEA and Asia at StoneX Group. Please visit the StoneX Market Intelligence portal and consider subscribing for more of Rhona and team’s research. Gold posted a decline in the first quarter of this year, the first quarterly fall since Q1 2018. The key influences were as follows: the continued focus on, and increasing confidence in, the vaccination programme in a number of countries, most notably the United States, increasing concentration on bond yields, t

LBMA Acknowledges Buying Frenzy In Silver Market And Silver Shortage Fears

LBMA Acknowledges Buying Frenzy In Silver Market And Silver Shortage Fears
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