Something Funny for My Jackolantern to Say
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CEL soars 17%; reclaims spot in top 100 crypto by market cap
Celsius Network's cryptocurrency CEL is up 32.1% over the past 14 days leading to Monday in Asia, even as speculation around the lender filing for bankruptcy heats up. See related article: Celsius community adopts GameStop tactics to squeeze out short sellers Fast facts CEL token gained 17% over the past 24 hours, peaking at US$0.94, […]
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Analysis-China casts giant shadow over emerging nations' chase for debt relief
From a $360 million project to expand Zambia's international airport in Lusaka to a $1.4 billion city port in Sri Lanka's capital of Colombo, China is the missing piece in the puzzle of a number of debt talks under way in developing markets. Many economies buckling under economic strain are seeking debt relief. Now, the pressure is rising on China to take a more active role in helping strained economies overhaul their debt burdens.
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401(k) vs. Pension Plan: What's the Difference?
A 401(k) and a pension are both employer-sponsored retirement plans. Each can be used by savvy investors to save for their retirement and can capitalize on contributions or benefits from their employer. The most significant difference between the two is that a 401(k) is a defined-contribution plan, and a pension is a defined-benefit plan.
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Scholz Signals Lufthansa-Like Bailout for Gas Giant Uniper
(Bloomberg) -- German Chancellor Olaf Scholz said his government is continuing talks on aid for gas giant Uniper SE, and signaled that bailout tools developed during the pandemic to rescue big companies like Lufthansa are on the table again.Most Read from BloombergBezos Slams Biden Over Call for Lowering of Gas PricesLong, Moderate and Painful: What Next US Recession May Look LikeUS Court Ruling May Take 70,000 Truckers Off Road, Spur JamsJPMorgan Sees 'Stratospheric' $380 Oil on Worst-Case Russ
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Stocks up in holiday mood on resurgent oil
World stocks rose in holiday-thinned trade on Monday, helped by a bounce in oil as concerns over tight supply outweighed recession fears. European stocks rallied 0.8% and Britain's FTSE rose over 1%, boosted by gains in oil and gas companies. Oil dropped $1 a barrel earlier on Monday on worries about the global economic outlook, but roared back on data showing lower output from the Organization of the Petroleum Exporting Countries (OPEC), and on unrest in Libya and sanctions on Russia.
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No guarantees Swiss will always have enough gas, minister says
Swiss businesses would be first to have energy rationed in the event of supply shortages, Energy Minister Simonetta Sommaruga told the SonntagsZeitung, warning that the government cannot guarantee there will always be enough gas to go around. Landlocked Switzerland gets its gas via trading hubs in neighbouring countries in the European Union, so disruptions there would also affect Switzerland. Switzerland has relatively low demand for gas, which covers around 15% of total energy consumption.
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Has Indonesia shaken its 'fragile' status among emerging markets?
A decade ago Indonesia earned the unwelcome label of being among the so-called "Fragile Five" emerging markets, economies highly vulnerable to capital outflows and a currency slump whenever global interest rates rise. But fast forward to a new round of monetary tightening led by the U.S. Federal Reserve, Southeast Asia's biggest economy and its capital markets have shown remarkable resilience, throwing a spotlight on whether the situation has fundamentally changed. Indonesia's central bank is among the world's least hawkish, having given no hint of when it might lift rates, while inflation has only just nudged above the 2%-4% target range and the rupiah is one of emerging Asia's best performing currencies.
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Alibaba forms new data intelligence services subsidiary to deepen e-commerce giant's pivot into enterprise market
Alibaba Group Holding has created a new subsidiary called Lingyang Intelligent Service Co to help companies in their digital transformation, a move that deepens the Chinese e-commerce giant's pivot to the enterprise market. The new business unit, which pulls together existing digital capabilities within the Hangzhou-based firm, represents "an important step for Alibaba after thoughtful consideration", company chairman and chief executive Daniel Zhang Yong said in a statement on June 29. The new
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China to Start Swap Connect With Hong Kong in Six Months
(Bloomberg) -- China will allow international investors to access its interest-rate derivatives market through Hong Kong, bolstering the city's status as a financial gateway to Asia's largest economy while giving foreign funds a new tool to hedge their holdings of Chinese bonds.Most Read from BloombergBezos Slams Biden Over Call for Lowering of Gas PricesLong, Moderate and Painful: What Next US Recession May Look LikeUS Court Ruling May Take 70,000 Truckers Off Road, Spur JamsJPMorgan Sees 'Stra
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Nervous staff and no bankers: Western firms struggle to exit Russia
For foreign companies still working out what to do with their stranded Russian assets, President Vladimir Putin's seizure of a major oil and gas project is a powerful warning: Move fast or else. Finnish coffee boss Rolf Ladau was one of the early movers. When Western governments started slapping sanctions on Russia following its invasion of Ukraine in late February, the CEO of Paulig realised the coffee roasting business there was no longer viable.
Source: https://finance.yahoo.com/news/50-pumpkin-quotes-puns-too-191000204.html
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