Month: May 2019

The liquidators of failed New Zealand crypto exchange Cryptopia have released their first report on the firm’s financial situation, revealing that it owes over US$2.738 million to creditors. The appointed liquidator Grant Thornton New Zealand published its report Friday, saying that 69 unsecured creditors are owed at least $1.37 million and secured creditors over $912,000, with an expected
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The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.74% from 3.75% the week before. The Bond Buyer’s 20-bond GO Index of 20-year general obligation yields fell five basis points to 3.51% from 3.56% the week before. It is at its
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Most of the week’s largest deals came into a stronger market on Wednesday, as the U.S. municipal fixed income market was hitting on all cylinders. Modest domestic economic growth, reasonable inflation, lackluster new-issue supply and sound fundamentals continue to drive investors into the tax-exempt bond market, according to Rob Amodeo, portfolio manager, at Western Asset.
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Defense Department’s Patrick Shanahan, before he was tapped by President Donald Trump to serve as the department’s Acting Secretary Department of Defense The Pentagon presented a report to Congress on rare earth minerals in an effort to reduce reliance on China, according to a Reuters report. “The department continues to work closely with the president,
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IKEA’s new Manhattan Planning Studio Andria Cheng When home-furnishings giant IKEA in April opened its first smaller U.S. city-center format, dubbed Planning Studio, in Manhattan’s Upper East Side, the Swedish chain said that’s one telling example of how it’s reaching customers in “new ways that are more accessible and more personalized.” Accessible it is for Karima Rustin,
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Over the last month, the iPath S&P Crude Oil Total Return Index ETN (OIL) has fallen by over 10% in a consistent and strong collapse of price. For investors following the market, the headlines have pointed out that trade talks, coupled with unusually low demand, have resulted in a burgeoning oversupply situation which is hampering
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The digital wallet industry has grown exponentially in recent years, reaching $100 billion USD in 2017. Analysts expect growth to continue, reaching a whopping $250 billion by 2024, propelled by attractive discounts and enticing cashback offers. One company that has created an impressive mobile wallet that offers a ton of great features is LiteLink Technologies Inc.
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