Angela Merkel, the German chancellor, has defended her lobbying for Wirecard in China in 2019, saying there was “no reason to assume” at the time there were serious irregularities at the fraudulent payment company. Merkel was speaking to a Bundestag inquiry investigating how Germany’s politicians and financial regulators failed to detect one of the worst
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UK companies reported surging demand and strong hiring in April, lifting a key business activity measure to its highest level in more than seven years and fuelling better than expected retail sales, driving “serious recovery momentum”, according to economists. Retail sales in Great Britain rose 5.4 per cent in March compared with the previous month,
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Bionano Genomics revealed the publication of a new Saphyr-based method, which is designed for studying DNA replication in human genomes. Shares of the genome analysis company jumped 3.5% in Friday’s pre-market session. Bionano Genomics’ (BNGO) new study is likely to lead to a new level of cancer research and drug discovery with reduced side effects,
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Take a look at some of the biggest movers in the premarket: Kimberly-Clark (KMB) – The consumer products company’s stock dropped 6.4% in premarket action after it reported weaker-than-expected profit and sales for its latest quarter and gave a full-year forecast that came in below Wall Street consensus. Kimberly-Clark said it faced a number of
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BY JOHN RUBINO  On today’s Wall Street Journal home page, two articles appear side-by-side. One is about how a heretofore obscure, nearly-valueless cryptocurrency called dogecoin, originally created as a joke, has soared to the point of being consequential for large sections of the investing public. And it’s not unique: Dogecoin isn’t alone. It is clearly part
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Nigerians are thought to be accumulating foreign currencies which they believe will protect their wealth from the naira’s volatility as well as the surging inflation. Further, as a research paper in a journal published by the Central Bank of Nigeria (CBN) found, Nigerians’ use of dollars exceeds IMF’s 30% threshold. Exchange Rate Volatility and Currency
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Municipals were little changed in secondary activity but the primary was alive with new issues repricing to lower yields, New Jersey snagged 1.69% on a 2% coupon in 10-years and Refinitiv Lipper once again reported billion-dollar-plus inflows. “New-issue proxies are reinforcing secondary bid sides in recent weeks that have favored a down-in-credit consumption along the
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The bankers are looking over their shoulders and witnessing massive gold & silver shortages that can’t be covered… by Harvey Organ of Harvey Organ Blog APRIL 22//ANOTHER TYPICAL RAID: GOLD DOWN $11.30 TO $1781.60//SILVER DOWN 34 CENTS//GOLD TONNAGE STANDING AT THE COMEX RISES TO 93.6 TONNES//SILVER OZ STANDING ADVANCES TO 14.920 MILLION OZ// MAY SILVER
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Banking in Costa Rica is not generally associated with offshore tax havens because national authorities cooperate with international agencies to prevent any illicit financial schemes or other financial crimes. In 2006, Costa Rica became the 21st country sign the Inter-American Convention Against Terrorism, which was created to stop the financing of terrorist-related activities including money laundering and drug
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Some of Bitcoin’s most prominent backers have sought to make the case for Bitcoin’s environmental efficiency, with a collaborative paper from researchers at financial services firm Square and investment manager Ark Invest asserting that Bitcoin mining can drive increased efficiency in renewable energy production. The paper, authored by “The Bitcoin Clean Energy Initiative,” or BCEI,
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The bitcoin vs. gold debate between gold financier Frank Giustra and the pro-bitcoin Microstrategy CEO Michael Saylor took place this week. In what viewers call an “epic” debate and a “historic” event, Saylor packed his arguments full of facts to convince Giustra to sell his gold and invest in bitcoin. Giustra, however, attacked how Saylor
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By Richard Eisenberg, Next Avenue After living with the Covid-19 pandemic for a year, are Americans feeling less confident about their ability to live comfortably throughout retirement? The new Employee Benefit Research Institute (EBRI) 2021 Retirement Confidence Survey has the answer: No (by and large). In fact, the nonpartisan group’s survey found, retirees and workers overall are more
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Chicago took the next big leap in its long push to open a casino with the launch Thursday of a request for proposals process that seeks parties interested in developing and operating a resort-like venue. The prospect of $200 million in new annual revenue from a casino was a cornerstone of Mayor Lori Lightfoot’s pre-COVID-19
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