April 28, 2024
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Crypto

ED chargesheets 299 entities, 10 Chinese-origin individuals in cryptocurrency mining app case

  • March 6, 2024

The Enforcement Directorate has filed a chargesheet under anti-money laundering laws against 299 entities, including 10 individuals of Chinese origin. This action follows an investigation into allegations of defrauding investors through schemes involving mining cryptocurrencies like Bitcoins, stated the ED. The ED stated that a special court in Dimapur, Nagaland, has acknowledged the prosecution complaint filed

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Property

Beijing’s “White List” Answer To Its Property Crisis Is Insufficient

  • March 5, 2024

Chinese workers stand in front of the Eiffel tower replica at Tiandu Cheng, a Parisian-themed … [+] resident development. (Photo by Jackson Lowen/Construction Photography/Avalon/Getty Images) Getty Images Not many days ago, rumors surfaced about Beijing’s grand plans to take over huge swatches of China’s residential property market. If Beijing were to go this route, it

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Investment

Majority of WTO members reject China-backed investment facilitation plan

  • February 26, 2024

New Delhi: A majority of World Trade Organization (WTO) members rejected the China-backed group’s proposal on investment facilitation for development, saying it could only be done by consensus, some non-government advocacy groups have said. This vindicates the stand of India and South Africa against any such move that is not on the table at WTO

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Investors

Investors are turning wary of crowded India trade after run-up

  • February 20, 2024

The stellar rally in Indian equities that’s made them an investor favorite has run into headwinds that go beyond elevated valuations. Earnings misses, the attractiveness of rival markets amid expectations of a dovish policy shift by the Federal Reserve and a nascent recovery in Chinese equities are casting doubts over India extending a rally that

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Loans

China’s central bank leaves key policy rate unchanged under shadow of the Federal Reserve

  • February 19, 2024

A man walks past the People’s Bank of China (PBOC) building on Dec. 25, 2023 in Beijing, China. China’s central bank left a key policy rate unchanged as expected on Sunday when rolling over maturing medium-term loans, with uncertainties around the timing of an easing by the Federal Reserve limiting Beijing’s room to maneuver on monetary

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Property

H&M billionaire Stefan Persson’s sprawling property in the English countryside: Ramsbury Estates rears cattle, has 100 cottages, and includes a pub, brewery and distillery – with tours on offer

  • February 17, 2024

Persson is currently the richest person in Sweden and the 116th richest in the world, with a net worth of US$16 billion, per the Bloomberg Billionaires Index. His father, Erling Persson, founded a women’s clothing store called Hennes in 1947, which later became Hennes & Mauritz (H&M). Stefan joined the company as head of UK

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Finance

South Korea prepares $57 billion corporate financial support program

  • February 15, 2024

Commercial and residential buildings are illuminated at dawn in Seoul, South Korea, on Saturday, Oct. 21, 2023. South Korea has prepared a financial support program of 75.9 trillion won ($56.97 billion) for companies increasing investment in key sectors as well as small businesses struggling with the impact of high interest rates. Bloomberg | Bloomberg | Getty

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Crypto

Crypto Is Suddenly Braced For A Huge China Earthquake After Bitcoin, Ethereum, XRP And Solana Price Surge

  • January 30, 2024

BitcoinBTC and cryptocurrencies—including major coins ethereum, XRPXRP and solana—have rocketed higher in recent months (with one Wall Street legend warning the U.S. dollar is “finished”). The bitcoin price has topped $43,000 per bitcoin, adding billions to the combined ethereum, XRP, solana and crypto market, and could have now turned a corner, according to a surprise

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Finance

India set to be world’s third largest economy in 2027: finance ministry

  • January 30, 2024

A pedestrian speaks on a mobile phone as he watches a digital screen relaying the budget speech by Indian Finance Minister Nirmala Sitharaman on the facade of the Bombay Stock Exchange (BSE) in Mumbai on February 1, 2021. PUNIT PARANJPE | AFP via Getty Images In a report released Monday, the finance ministry said the

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Property

China Announces Fresh Bailouts For Ailing Property Sector

  • January 26, 2024

China will offer more bailout loans for its struggling real-estate sector with the first funds expected to become available in the coming days, its housing ministry said Friday, in the latest move to help kickstart stuttering growth. Troubles in the property industry have been one of the main headwinds facing the world’s second-largest economy, with

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