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UPDATE 3-China raises banks' FX requirements to rein in yuan ... * FX reserve requirement ratios raised for financial institutions. * Yuan pulls back after hitting three-year high vs dollar. * Set for strongest monthly gain since August. * Former forex official joins chorus cautioning on yuan gains (Recasts with FX reserve ...
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Japanese companies to develop chipmaking technology with TSMC -Nikkei Japan's government will pay half of the 37 billion yen ($337 million) cost of a research facility, The Nikkei said, without disclosing its sources. TSMC in February said it will spend about $178 million ...
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SVB-led $100M investment makes Chipper Cash Africa's 'most valuable startup' Fintech in Africa is a goldmine. Investors are betting big on startups offering a plethora of services from payments and lending to neobanks, remittances and cross-border transfers, and rightfully so. Each of these services solves unique sets of challenges.
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MSC World Europa Set to Debut in Middle East with New Features She will set sail in December 2022 and will spend her inaugural season in the Gulf. Her season will commence with a special four-night sailing from Doha in Qatar to her new homeport of Dubai, United Arab Emirates.
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Why an Inflation-Driven Selloff Might Be a Good Thing The average trailing price/earnings multiple on the S&P 500 can hit 30 times during periods when the consumer-price index rises between 0% and 2% year over year, according to Rosenberg Research data, making stocks a more attractive investment.
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First Drive: Mercedes-Benz S-Class Powertrains: 3.0-litre turbo petrol inline six with 270kW/500Nm, 8.2L/100km, 9-speed automatic transmission, AWD. Body style: 4-door sedan. On sale: ...
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US Postal worker saves Alaskan couple's wedding By KTUU. Wasilla, Alaska — Crystle Lewis and her fiancé mailed out their wedding invitations earlier this month and began to wonder why they weren't receiving any RSVP's. It turns out that their envelopes needed extra postage because of a wax seal, but ...
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The best Memorial Day mattress sales for all types of sleepers Why we recommend it: The Nectar Memory Foam Mattress is our number one mattress pick and offers tremendous value for the money. In our review, we found that it's very comfortable (thanks to its five layers of memory foam) and it offers excellent pressure ...
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American Airlines extends suspension of alcohol services following Southwest flight attendant assault American Airlines has joined Southwest Airlines in suspending alcohol services on flights, the airline said Saturday. The decision follows a recent assault of a Southwest flight attendant that resulted in a serious injury. "Flight attendants are on the front lines ...
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CII elects Tata Steel CEO and MD TV Narendran as its new president He takes over from Uday Kotak, Managing Director, and Chief Executive Officer, Kotak Mahindra Bank. Narendran "has assumed office as the President of CII for 2021-22," it said. In a statement, it said that Narendran has been engaged with CII for many years at ...
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Memorial Day weekend brings big travel uptick as millions take to the skies for first maskless holiday of pandemic About 6 million people were expected to go through airports this weekend, CBS News reported. Airports, including Los Angeles International, are breaking their 2021 records for daily passenger travel. More than 37 million Americans ...
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Chinese yuan will become a top reserve currency sooner than expected, says Ray Dalio Dalio, founder of the world's largest hedge fund Bridgewater Associates, said more global trade and financial transactions could be denominated in the yuan in the coming years. That's going to help China's currency become more widely used internationally, he ...
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Noront suitor Wyloo Metals looks to spend $25 million to study viability of Ontario battery metals plant Last week, Wyloo Metals, a subsidiary of Perth-based investment holding company Tattarang, said it was prepared to buy Toronto based Noront for $133-million in cash, or roughly a 31 per cent premium to its market value.
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Better petchem prospects, low-cost Jio smartphone launch push RIL stock Shares of Reliance Industries (RIL) are up more than 9 per cent over two days to Rs 2,160.45 on the BSE, and have traded higher for four straight sessions. The stock has seen its sharpest intraday gain of 5 per cent in nearly two months, in each of the past ...
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Best Memorial Day patio furniture sales in 2021 When it comes to patio furniture there is so much choice out there that it can be hard to know what the best options are, both in terms of quality and price. That's why we're making ...
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Telok Blangah 4-room BTO flats see overwhelming demand; over 28 first-time applicants for each unit SINGAPORE - Home seekers made a rush for the four-room Build-To-Order (BTO) flats in Telok Blangah, contributing to one of the highest application rates in recent years. This comes even as these flats are the most expensive units in the Housing Board's ...
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RBI asks banks for customer due diligence for transactions in virtual currencies Avinash Shekhar, Co-CEO at ZebPay said, "This is positive news for the entire crypto industry — businesses, stakeholders, and investors. Investing in crypto has always been 100% legal in India and the new RBI circular clearly confirms the right to do business ...
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More than 4600 sign up for Windsor mayor's US vaccine 'wait list' Thousands of Windsorites have joined a waiting list set up by Mayor Drew Dilkens in the event Canadians get the green light from Ottawa to access COVID-19 vaccines from the U.S. supply. Dilkens launched the website on Friday, and the mayor's chief of staff ...
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Vietnam asks Samsung, other firms to find vaccines for workers The health ministry has sent 200,000 vaccine doses each for Bac Ninh and Bac Giang workers to be administered within a week, according to the ministry's website. More than 1 million people in Vietnam, or about ...
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Former Myntra CEO Ananth Narayanan's new venture raises $50 million Thrasio has catapulted its valuation to around $4 billion after its last fund raise in February. "In Mensa, we see the birth of 'Thrasio of India'," said Niren Shah, MD and head of Norwest Venture Partners India.
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11 percent of energy consumption from renewable sources in 2020 This share was still 8.8 percent in 2019. The increase was largely due to rising solar and wind power capacity. Consumption of biomass was up as well, particularly co-firing at coal-fired power plants. This is evident from new figures released by Statistics ...
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Iron Bridge Costs Up But Fortescue Is Forgiven This story features FORTESCUE METALS GROUP LTD. For more info SHARE ANALYSIS: FMG. Stellar iron ore prices are supplying plenty of cash flow for Fortescue Metals so a modest lift in project costs has not induced panic. -Increase in costs reported ...
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Letter: Even judges are now rising to the climate challenge You report that a Dutch court has ordered Shell to reduce its CO2 emissions by 45 per cent by 2030 ("Big Oil pressed to engage with climate risk in day of change", Report, May 27). This is striking in two respects. First, it is the first case ...
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'No one in the industry picked it up' – the simple amendment that gave plants 'meat' status How are non-meat products able to be sold as beef, chicken or pork under Australia's strict food labelling standards? It all draws back to 2013 when an amendment was made to Australia's Food Standards Code, a change lobbied for by food processing giant ...
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Qatar Air is in mystery spat with Airbus: CEO Qatar Airways chief executive officer Akbar al-Baker lashed out at Airbus SE for the second time this month, warning that his airline might stop taking deliveries from the planemaker this year over an unspecified "serious" issue. "We have an issue with Airbus ...
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Fitness freaks pedal a shift in cycle market In the five fiscals through 2019, bicycle sales volumes logged a modest compound annual growth rate of around 5%. In FY20, it contracted a massive 22% as government purchases — standard bicycles for various welfare schemes — plunged and a large ...
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Dubai Coin Price Prediction: How Much Can The Price Of Dubai Coin Rise In The Future? The coin has become quite popular since its recent inception, rising up more than 1000 per cent in 24 hours just after being introduced into the market. Dubai Coin has been built upon a public blockchain and is currently available on very few exchanges.
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One of World's Top Ports Expects Delays on China Covid Outbreak Yantian Port in the export and industrial hub of Shenzhen in southern China had temporarily stopped accepting containers for export until Sunday May 30, according to a notice posted Friday on Wechat. The container yard of the port ...
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2 killed in shooting behind Branson restaurant BRANSON, MO (KCTV) -- UPDATE: On Monday, the Branson Police Department stated that the second person injured in this double shooting has also died. The victims have been identified as 38-year-old Krystle L. Buhl from Forsyth, Missouri and ...
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This is the ultimate 21st-century Porsche 911 restomod Everrati Automotive Limited pulled apart a 1991 964-generation Porsche 911 for its latest flagship project, removing its bodywork, powertrain, suspension and interior components, before water-blasting the chassis to its bare zinc coating.
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