currencies

China fuels markets as protests erupt over Covid lockdowns |  CNN Business

China fuels markets as protests erupt over Covid lockdowns | CNN Business

hong kong CNN Business — China’s major stock indexes and its currency opened sharply lower on Monday as widespread protests over the country’s tough Covid-19 restrictions over the weekend rattled investor sentiment. Hong Kong Hang Seng Index (HSI) fell 4.2% in early trading. It has since pared some losses and last traded 2% lower. The …

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Foxconn offers to pay workers to leave world's largest iPhone factory after violent protests |  CNN Business

Foxconn offers to pay workers to leave world’s largest iPhone factory after violent protests | CNN Business

hong kong CNN Business — Foxconn has offered to pay newly hired workers 10,000 yuan ($1,400) to resign and leave the world’s largest iPhone assembly plant, in a bid to quell protests that have seen hundreds of clashes with security forces in central China compound. The Apple supplier made the offer on Wednesday following dramatic …

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"It's the extinction of crypto": Peter Schiff predicted the financial crash of 2008 - now he sees the total destruction of digital currencies very soon.  Here are 3 assets that he rather likes

“It’s the extinction of crypto”: Peter Schiff predicted the financial crash of 2008 – now he sees the total destruction of digital currencies very soon. Here are 3 assets that he rather likes

“It’s the extinction of crypto”: Peter Schiff predicted the financial crash of 2008 – now he sees the total destruction of digital currencies very soon. Here are 3 assets that he rather likes With the massive pullback in cryptocurrency prices and the collapse of crypto exchange FTX, the term “crypto winter” is now in the …

“It’s the extinction of crypto”: Peter Schiff predicted the financial crash of 2008 – now he sees the total destruction of digital currencies very soon. Here are 3 assets that he rather likes Read More »

These currencies have fallen this year - and one is down more than 75% against the dollar

These currencies have fallen this year – and one is down more than 75% against the dollar

Zimbabweans queue to withdraw cash from a bank on June 21, 2008 in Bulawayo, Zimbabwe. Skyrocketing inflation continues to plague the Zimbabwean economy. John Moore | Getty Images News | Getty Images Currency markets have had a tough time in 2022, but in some countries a combination of geopolitical pressures and central bank missteps have …

These currencies have fallen this year – and one is down more than 75% against the dollar Read More »

Singles' Day Sales in China Could Surpass 1 Trillion Yuan Even as Economy Cools |  CNN Business

Singles’ Day Sales in China Could Surpass 1 Trillion Yuan Even as Economy Cools | CNN Business

hong kong CNN Business — Singles Day in China, the largest in the world annual trade event, is known for regularly breaking sales records. This year’s windfall, which ends Friday and is led by internet titans Alibaba (BABA) and JD.com (JD), is likely to be no exception: first time. Singles Day typically eclipses two of …

Singles’ Day Sales in China Could Surpass 1 Trillion Yuan Even as Economy Cools | CNN Business Read More »