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In response to the ongoing supply concerns in the global wheat market, the CME Group and Euronext exchanges have announced plans to launch dual futures contracts. These contracts will focus on tracking the price differential between wheat futures listed on the Chicago Board of Trade (CBOT) and Euronext’s milling wheat futures. Two versions of…
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On Wednesday, May 15, Germany’s 10-year bond yield fell below the key 2.5% threshold, preceding the release of crucial US consumer price index (CPI) data that could potentially determine the direction and magnitude of the Federal Reserve’s interest rate cuts for this year. At the time of writing, Germany’s 10-year yield stood at 2.49%,…
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According to the latest information, FTX, the collapsed crypto exchange, has recovered billions of dollars more than it needs to repay its customers who lost funds during the company’s November 2022 collapse. This surplus has been attributed to the recovery of assets and the crypto market’s resurgence following the collapse. As a result, customers…
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The article discusses the findings of a report by the Network Contagion Research Institute (NCRI) that links a political activist group connected to the Chinese Communist Party (CCP) to the recent spate of anti-Israel protests on college campuses in the US. The report identifies the group, Shut It Down for Palestine (SID4P), as a…
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According to a report by the UK Sustainable Investment and Finance Association (UKSIF), two-thirds of the largest financial services firms operating in Britain are either planning to move or have already moved some investments out of the country and into more supportive markets for their sustainability goals due to the UK’s failure to complete…
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Following Chief Economist Huw Pill’s suggestion that the Bank of England may consider cutting interest rates during the summer, the British pound experienced a slight decrease against the US dollar on Tuesday. However, the pound subsequently recovered and reached its highest level in almost two weeks against the dollar, trading at $1.2610 on Wednesday.…
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The current situation in the French Pacific territory of New Caledonia has prompted French President Emmanuel Macron to gather a group of top ministers for urgent discussions. This meeting, scheduled by the President’s office on Wednesday, will take place at the special defense and security council. In attendance will be Prime Minister Gabriel Attal,…
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Two Chinese semiconductor companies, CXMT and Wuhan Xinxin, are making progress in producing high bandwidth memory (HBM), a type of memory standard widely used in artificial intelligence (AI) chips. This development marks a significant step for China as it aims to reduce its dependence on foreign suppliers amid escalating tensions between China and the…
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According to a report by Goldman Sachs, South Korea is expected to join a major global bond index in September, following a breakthrough in expanding foreign investor access to its government debt in May. This development could result in up to $60 billion worth of inflows, as reported by local media that Euroclear Bank…
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Based on the latest financial reports and news articles provided, several trends and developments can be observed in the Japanese economy and financial sector. Here’s a summary of what we know: 1. Central bank policy changes: The Bank of Japan (BoJ) has recently ended its policy of negative interest rates, leading to increased profits…