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The World's Biggest Crypto Firm Is Melting Down

‘Every battle is a do-or-die situation,’ Binance co-founder Yi He writes.

United-arab-emirates , China , Russia , Russian , Patricia-kowsmann , Caitlin-ostroff , Brian-shroder , Angus-berwick , Anthony-georgiades , Noah-perlman , Changpeng-zhao , Justice-department

Asia Business Report

do stay tuned, we will have further developments on that story later in the day. later today, we will find out whether the worlds biggest company is set to see another record when it reports its results for the first three months of this year. last year it made a bumper $161 in profits. the global energy crisis helped fuel the gains and an agreement with russia over production helped push aramco's earnings up, but what now given the return to some level of stability in the energy market? our middle east business correspondent sameer hashmi gave us his take. the first quarter earnings, which for the period of january the first quarter earnings, which for the period ofjanuary to the first quarter earnings, which for the period of january to march 2023. a record yearfor the for the period of january to march 2023. a record year for the company. $161 billion for the year, will this was primarily due to higher prices

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Review 2022

and australia are - the world champions. vying for attention on the other side of the world, the women's rugby union world cup in new zealand, wales and scotland met in their opening game wales coming out on top. england made it through to the pool stage two, a big win over fiji was followed by a much tougher test. narrowly overcoming france before cutting loose once more against south africa. the knockouts followed with wins over australia and then candidus, setting up a final with hosts new zealand. a red card for the red roses, and a tough task became almost impossible. agonising defeat, the black ferns world champions. but as the end of 2022 approached, the worlds biggest sporting event had not yet started.

Australia , World-champions , Women-s-rugby-union-world-cup , Attention , The-other-side-of-world , North-west-england , Scotland-s , Wales , Test , New-zealand , Game-wales , Big-win-over-fiji

Review 2022

the knockouts followed with wins over australia and then candidus, setting up a final with hosts new zealand. a red card for the red roses, and a tough task became almost impossible. agonising defeat, the black ferns world champions. but as the end of 2022 approached, the worlds biggest sporting event had not yet started. a winter men's world football world cup, qatar the host, controversial barely covers it. the backdrop was anger over human rights and armbands will talking points but while those conversations continued the games eventually began. we are ready. there will be the usual mix of enduring all england followers. the reaction from iranian supporters was telling. it is in from bellingham, what a moment for england. another young lion roars at the world cup.

Final , Wins , Hosts , New-zealand , Australia , Red-card , Task , Knockouts , Candidus , Red-roses , Defeat , World-champions

BBC News

really helps to trap the heat, and that causes an amplification of the already heated climate that we are more than one celsius higher than we should be, and what this is causing is ourfurnace, if should be, and what this is causing is our furnace, if you will, over western europe.— is our furnace, if you will, over western europe. despite all this, efforts to tackle _ western europe. despite all this, efforts to tackle climate - western europe. despite all this, efforts to tackle climate change l efforts to tackle climate change took a back—seat this week. while the leader of the world's biggest karman and bitter historic —— carbon emitter historically, met the worlds biggest oil producer, back home, his position seemed to collapse in congress on friday, placing his net zero ambitions in peril.— zero ambitions in peril. there are still things _ zero ambitions in peril. there are still things which _ zero ambitions in peril. there are still things which the _ still things which the administration can do on which it says— administration can do on which it says it _ administration can do on which it says it is — administration can do on which it says it is going to do, cutting emissions _ says it is going to do, cutting emissions from vehicles and other moves, _ emissions from vehicles and other moves, but — emissions from vehicles and other moves, but it is undeniably a difficult — moves, but it is undeniably a difficult time for climate policy in the us _

Heat , Climate , Amplification , One , Climate-change , Western-europe , Efforts , Leader , Furnace , This , World , Ourfurnace

Famous World S Biggest Cat 2022

Famous World S Biggest Cat 2022
footage.presseportal.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from footage.presseportal.de Daily Mail and Mail on Sunday newspapers.

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Newsday-20211024-23:17:00

too. probably _ you... i love you. i love you too. probably not _ you... i love you. i love you too. probably not in - you... i love you. i love you too. probably not in the - you... i love you. i love you l too. probably not in the same wa . too. probably not in the same way- over _ too. probably not in the same way. over the _ too. probably not in the same way. over the years _ too. probably not in the same way. over the years there - too. probably not in the same. way. over the years there were a few other small roles and he was reunited with his friends cast—mate matt leblanc in the bbc sitcom episode. cast-mate matt leblanc in the bbc sitcom episode.— bbc sitcom episode. seriously is that the _ bbc sitcom episode. seriously is that the best _ bbc sitcom episode. seriously is that the best you _ bbc sitcom episode. seriously is that the best you got? - bbc sitcom episode. seriously is that the best you got? but i is that the best you got? but his legacy — is that the best you got? but his legacy will _ is that the best you got? but his legacy will always be friends. too ill to appear in person hejoined the friends. too ill to appear in person he joined the shows reunion special remotely. it was the most memorable ten years of my life, honestly. i could not have imagined a better experience. all these guys were fantastic, it was just a joy to work with them. i felt very, very special. the worlds biggest _ felt very, very special. the worlds biggest tv - felt very, very special. the worlds biggest tv show with never have been quite what was without james michael tyler's dumper. the actorjames michael tyler who died at the age of 59. if you want to get in touch with me on anything using a new

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China's Yield Appeal Catapults Yuan to the Global FX Big League

(Bloomberg) -- The Chinese renminbi’s accelerating transformation from a sleepy backwater of the foreign-exchange market into a currency fit to rival global peers has traders setting aside concerns about how much further it can go without reform and buying into its ascent.In London -- the world’s center of foreign exchange -- there’s more yuan changing hands than ever before. Options on the Chinese currency exceed those referencing the Japanese yen, and buying or selling the yuan is now as cheap as trading the British pound. Against this backdrop, there are signs the renminbi is playing an increasingly larger role in influencing broad dollar moves, according to Wells Fargo & Co.There have been many false dawns in China’s quest for the yuan to challenge other major currencies. But underpinning the explosion this time lies a torrent of capital flowing into China’s markets, fueled by a frantic search for returns with over $14 trillion of debt globally paying less than 0%.That appetite for some of the highest-yielding government bonds in the Group-of-20 countries has elevated interest in China to fever pitch and is generating demand for liquidity from investors looking to finance and hedge their investments. It’s also spurring volatility and attracting speculators who overlooked the market for years.“It’s certainly a top currency in terms of the flow that we’re seeing,” said Kevin Kimmel, New York-based global head of electronic FX at Citadel Securities, one of the world’s biggest market makers. “Trading activity in the yuan has increased significantly.”The shift comes as China continues to relinquish control -- albeit slowly -- of its tightly-managed currency, a linchpin of Beijing’s long-term plan to encourage its greater global use. China is considering easing restrictions on citizens investing in securities outside its mainland, a move that would facilitate two-way capital flows.The so-called internationalization of the yuan is part and parcel of the government’s goal to wean itself off a reliance on the U.S. dollar, and what some see as a geopolitical challenge to the greenback’s supremacy. Reducing China’s reliance on the dollar has become more pertinent in recent years due to economic tensions with the U.S., a trend that will likely continue under the Biden administration.For now, international investors are encouraged to use the offshore version of the currency, known by its CNH designation in markets.While the offshore yuan is theoretically freely tradeable -- meaning its price can fluctuate along with demand, economic data and geopolitical developments -- it usually sticks fairly close to the onshore unit, abbreviated as CNY. And since that’s permitted to stray just 2% above and below a daily rate set by the central bank, China holds sway over the currency far beyond its borders -- a quirk that may ultimately slow adoption.Growth SpurtStill, despite the limits, average yuan turnover in London jumped to a record $84.5 billion per day in October, according to a central-bank survey of the world’s biggest FX trading hub. In North America, daily volumes more than doubled compared to the same reporting period last year, to $7.8 billion per day. Exchange giant CME Group Inc.’s EBS says spot volumes on its platforms in London and New York are up 90% and 131%, respectively, from 2015 to 2020.Along with this growth in the spot market, there is also buoyant demand from investors for instruments to hedge and trade their currency risk. Daily option volumes on the yuan in London rose to a record $11.7 billion in October, while an average of almost $12 billion of forward contracts changed hands each day, the most since 2019, according to Bank of England data.“It’s been the intention to allow the currency to float more freely in the market,” said James Hassett, Singapore-based co-head of global emerging markets and G-10 linear FX at Barclays Plc. “That’s giving people more confidence to trade it.”At the heart of this metamorphosis are foreign funds, which have steadily poured cash into China over the past year, adding to their bond holdings at the fastest pace on record in January. Many are chasing higher returns -- China’s 10-year bonds yield 3.3%, compared with around 1.3% for equivalent U.S. Treasuries and less than 0% for German bunds. Others are adding to their holdings to build exposure to the nation’s assets, which were only recently included into some of the world’s biggest benchmark indexes.Amid this shifting landscape, market gauges show the offshore yuan’s projected price swings over a one-month horizon are now as wide as for the euro and the yen. While that’s partly a function of fluctuations for those major currencies dropping in the face of unprecedented central-bank action, yuan volatility is drawing in hedge funds and other fast-money investors looking to make a profit.The extra liquidity has helped drive down the cost of transacting in the yuan to about $20 for every million dollars traded, according to Citadel Securities’ Kimmel. That’s similar to the pound and compares to about $10 for the euro-U.S. dollar cross, the world’s most liquid pair. It’s well below the spread on emerging-market currencies, which “typically exceed” $100 per million, he said.The question is whether all this interest in the yuan can last, particularly if yields climb in developed markets like the U.S., ultimately diminishing the relative appeal of China. As Treasury yields rose and the spread between five-year and 30-year yields widened to the most since 2014 on Monday, China’s currency weakened 0.1% versus the greenback. Still, some of the world’s biggest banks are betting demand will remain, with the likes of Deutsche Bank AG and Citigroup Global Markets Inc. boosting their China-dedicated personnel in hubs including London, New York and Singapore.The moves echo HSBC Holdings Plc’s call last year for the yuan to be included in the top tier of foreign exchange. The classic Group-of-10 FX label -- which includes smaller Scandinavian currencies in addition to behemoths like the dollar, euro and yen -- is “outdated and misguided,” strategist Paul Mackel said.Despite its still-small share of global trading -- 4.3% as of 2019, according to the latest data from the Bank for International Settlements -- the yuan commands an outsized role in the foreign-exchange market because its daily moves serve as a key indicator of global investor sentiment. Wells Fargo strategists including Erik Nelson argue that the Chinese currency may even be exerting influence on the broad dollar index.‘Paradigm Shift’The offshore yuan may be “pulling more weight in the battle for global currency supremacy,” the strategists wrote in a note to clients this month. “If we continue to see signs that USD/CNH is having more influence on broad dollar moves, this could be a significant paradigm shift in FX markets,” they wrote.Yet Beijing’s ambitions to make the yuan a truly global currency still face some very real challenges.The currency’s share in central bank reserves is just about 2%, compared to almost 21% for the common currency and just over 60% for the U.S. dollar. That’s a woefully low percentage given the size of its China’s economic output. At less than 3%, the renminbi’s share in global payments is just a fraction of its bigger rivals, despite increased use.But it’s the age-old issue of restrictions on the movement of capital across Chinese borders that remains one of the biggest headwinds the currency faces, according to Bipan Rai, head of foreign-exchange strategy at Canadian Imperial Bank of Commerce in Toronto.“China has made a lot progress on this front, but it’s still not quite at the level of free capital flow that you tend to see in other developed markets,” Rai said. “

Yahoo , China , Foreign-exchange , Chinese-renminbi , Worlds-biggest , Kevin-kimmel , London , யாகூ , சீனா , வெளிநாட்டு-பரிமாற்றம் , உலகங்கள்-மிகப்பெரியது

Renewed concerns over China lockdowns mute oil rally

China reported its highest number of daily coronavirus cases in more than 10 months on Friday.

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