Abstract
We analyze persistence in patterns of bilateral financial investment using data on US investors’ holdings of foreign bonds. We document a “history effect” in which the pattern of holdings seven decades ago continues to influence holdings today. 10 to 15% of the cross-country variation in US investors’ foreign bond holdings is explained by holdings 70 years ago, plausibly reflecting fixed costs of market entry and exit. This effect is twice as large for bonds denominated in currencies other than the dollar, suggesting the existence of even higher fixed costs of initiating US foreign investment in currencies other than the dollar. Our findings point to history and path dependence as key sources of financial market segmentation.
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Gut microbes in plant-eating ants help build tougher armor
Gut bacteria in a species of herbivorous ant play a major role in processing nutrients that allow the ants to build tough exoskeletons, an international team of researchers has found.
In the study, “Gut Bacteria Are Essential for Normal Cuticle Development in Herbivorous Turtle Ants,” which published Jan. 29 in Nature Communications, the researchers specifically broke down which components the bacteria contributed so their host could build a thicker armor. Steven Wang/Provided
Florida turtle ant.
When the researchers killed off the gut microbes in plant-eating turtle ants, their exoskeletons were only half as thick as normal turtle ants. The results reveal diverse roles that gut bacteria can play in organisms.
Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF) announces the discovery of further copper and silver mineralisation at the Company s 100% owned Agdz project ( Agdz or the Project ), located 14km southwest of the Bou Skour copper and silver mine in the eastern Anti-Atlas of the Kingdom of Morocco ( Morocco ).
· Further copper and silver discoveries at Agdz project in central Morocco
· New 450m long zone at Makarn North Prospect with grades up to 3.50 % Cu and 308 g/t Ag
· Discovery follows the previously announced predictive mapping project
· Programmes at other prospects continue to generate encouraging results including:
o 3.59 % Cu and 149 g/t Ag from 1.4km long Makarn South Prospect
Altus Strategies Plc: Further Copper and Silver Discoveries at Agdz Project, Morocco finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Further Copper and Silver Discoveries at Agdz Project, Morocco
DIDCOT, UK / ACCESSWIRE / December 10, 2020 / Altus Strategies Plc (AIM:ALS)(TSXV:ALTS)(OTCQX:ALTUF) announces the discovery of further copper and silver mineralisation at the Company s 100% owned Agdz project (
Agdz or the
Project ), located 14km southwest of the Bou Skour copper and silver mine in the eastern Anti-Atlas of the Kingdom of Morocco (
Morocco ).
Further copper and silver discoveries at Agdz project in central Morocco
New 450m long zone at Makarn North Prospect with grades up to 3.50 % Cu and 308 g/t Ag
Discovery follows the previously announced ‘predictive mapping project
Programmes at other prospects continue to generate encouraging results including: