Bitcoin firms log out after govt warning By CHEN JIA | China Daily | Updated: 2021-05-25 08:53 Share
Cryptocurrency exchange Huobi suspends sales of mining equipment
Turbulence continued in the cryptocurrency sector on Monday following a series of warnings from the Chinese authorities against trading and mining of such instruments.
Cryptocurrency exchange Huobi on Monday suspended bitcoin mining services and sales of mining equipment in the Chinese mainland following government warnings.which may also deter high-risk investments like cryptocurrencies, said experts.
Huobi said it had suspended bitcoin mining machine sales and custody services for users on the Chinese mainland. The company will notify its decision on mining machines that are held by existing clients at a later date, it said. Cryptocurrency trading on Huobi Global will go on as usual, and the platform will continue to ensure the safety of user assets, it said on Mon
UK Trade With EU Slumps as Brexit Takes Its Toll: ONS
The impact of Brexit on trading with Europe has been laid bare by official figures revealing that UK trade in goods with EU countries has plunged by nearly a quarter.
The Office for National Statistics (ONS) said that total trade in goods with EU countries tumbled by 23.1 percent in the first quarter of 2021, compared with the same quarter in 2018 seen as the last stable trading period.
But, in the same period, trading with countries outside the EU edged back by a far less dramatic 0.8 percent in a sign of the toll taken by Brexit disruption and the ending of the transition period.
Broker s call: Brookfield REIT (Buy)
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Updated on
CMP: ₹248.01
The Brookfield India REIT (BREIT) delivered a resilient FY21 performance with over 99 per cent of rental collections and flattish FY21 net operating income (NOI) of ₹650 crore. We reiterate our Buy rating on BREIT with an unchanged March 2022 DCF based target price of ₹296/unit. We expect the REIT to deliver a NOI CAGR of 9.3 per cent over FY21-23. At CMP of Rs 249, we expect BREIT to deliver NDCF distribution yield of 8.7 per cent in FY22 and 9.1 per cent in FY23. We expect over 30 per cent of the distribution to be in the form of tax-free dividend and capital return with balance returns from interest post the conversion of ₹1,001 crore of CCDs in Candor Kolkata (G2+K1 SPV) to equity shares effective April 1, 2021.