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Money

A sceptic’s guide to crypto: the ‘smart’ money

Financial Times | Aug 23, 2022 at 6:00 AM

…Financial Times. Yes. You know who you are Jemima Kelly and your bitcoin hating brethren.” That’s on Reddit. And here’s one from Twitter…

Andreessen Horowitz bets on crypto to break up Big Tech power

Financial Times | Aug 23, 2022 at 6:00 AM

…the collapse of the TerraUSD stablecoin. Market instability drove the price of Bitcoin to pre-pandemic levels and contributed to the collapse of a number…

Indian mining tycoon’s tale of woe in South America’s ‘Switzerland’

Financial Times | Aug 23, 2022 at 6:00 AM

…According to figures from its central bank , the total stock of foreign direct investment has declined from a peak of $33.4bn in 2014 to $29.6bn in 2020….

Investors struggle to trade eurozone debt without ECB safety net

Financial Times | Aug 23, 2022 at 6:00 AM

…For now, central banks have ended bond-buying, or quantitative easing, but have not yet started to sell what they have on their books….

Revlon’s furious stock rally complicates cosmetics maker’s bankruptcy

Financial Times | Aug 23, 2022 at 6:00 AM

…The company still did not know who constituted its creditors after an infamous incident in 2020, when Citigroup accidentally repaid $900mn to Revlon lenders out of the bank’s own funds….

The student who rode Bed Bath & Beyond to the moon

Financial Times | Aug 23, 2022 at 6:00 AM

…Eric Platt Yeah so we’ve been speaking to traders really at every bank on Wall Street….

IMF Sees Significant Increase in Correlations Between Bitcoin and Asian Equity Markets

Bitcoin.com | Aug 23, 2022 at 5:30 AM

Officials at the International Monetary Fund (IMF) say that the correlation between the performance of the Asian equity markets and crypto assets such as bitcoin and ethereum has increased significantly.

HSBC AM debuts RMB money market fund

Funds Global Asia | Aug 23, 2022 at 2:00 AM

HSBC Asset Management has launched an RMB-denominated money market fund designed to capitalise on the rising internationalisation of the Chinese currency.

Bangladesh flood victims struggle to rebuild lives 23.08.2022

Deutsche Welle | Aug 23, 2022 at 2:00 AM

The resilience of people in northeastern Bangladesh against Himalayan flooding has been severely challenged this year.

Bank Indonesia raises interest rates for first time in three years

Central Banking | Aug 23, 2022 at 2:00 AM

Governor says decision is “pre-emptive” after inflation reaches a seven-year high

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