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Forex markets

Turkey’s central bank hikes interest rate to 30%

by Ron Morgan
Turkey’s central bank hikes interest rate to 30%

Turkey’s Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. Sopa Images | Lightrocket | Getty Images Turkey’s central bank hiked …

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10 China-focused ETFs that are positive with upside potential

by Walter Watson
10 China-focused ETFs that are positive with upside potential

Chinese stock markets have failed to perform in 2023. Take, for instance, the Shenzhen Component , Shanghai Composite , or the more accessible Hang Seng Index . All three major …

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India oil minister Hardeep Singh Puri

by Ron Morgan
India oil minister Hardeep Singh Puri

Oil trades have sometimes been settled in the Chinese yuan, Russian ruble or Indian rupee, but the idea of “de-dollarization” — or moving away from the U.S. dollar to settle …

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China’s PBOC intervenes after yuan hits 16-year high against greenback

by Walter Watson
China’s PBOC intervenes after yuan hits 16-year high against greenback

Photo taken on Aug 17, 2023 shows US dollars and Chinese yuan in Fuyang city, East China’s Anhui province. Nurphoto | Nurphoto | Getty Images The People’s Bank of China …

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Singapore among world’s first to agree stablecoin crypto regulation

by Edgar Davis
Singapore among world’s first to agree stablecoin crypto regulation

Stablecoin Tether and Circle’s USDC dominate the market. Justin Tallis | Afp | Getty Images Singapore’s financial regulator on Tuesday said it had finalized rules for a type of digital …

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Argentina devalues its currency, jacks up interest rates

by Walter Watson
Argentina devalues its currency, jacks up interest rates

Argentine far-right libertarian economist and presidential candidate Javier Milei celebrates the results of the primary elections with his sister Karina Milei at his headquarters in Buenos Aires on August 13, …

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PayPal’s stablecoin is first dollar-backed digital currency from a major U.S. financial institution

by Walter Watson
PayPal’s stablecoin is first dollar-backed digital currency from a major U.S. financial institution

The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images PayPal on Monday launched a U.S. dollar-backed stablecoin to help facilitate payments …

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