A group of Bitcoin advocates in Switzerland have launched a campaign to convince the Swiss National Bank (SNB) to add Bitcoin to its balance sheet. The nonprofit organization 2B4CH aims to hold a national referendum to amend Switzerland’s constitution to require the central bank to hold Bitcoin. BREAKING: 🇨🇭Bitcoiners to launch a petition for Swiss…
Image Source/DigitalVision via Getty Images Main Thesis/Background The purpose of this article is to discuss the border market backdrop with a specific focus on gold and how it may continue to do well deeper into Q2. This is an asset class I have held for a long time – but it has often been a…
Lemon_tm Gold staged a blinding comeback last week, surging to fresh all-time highs above $2,200 an ounce. The rally, which has added around 10% to gold’s value since mid-February, caught many market watchers off-guard. But for those of us who’ve stuck with the yellow metal through its ups and downs, the price action is the…
Kirill Stytsenko/iStock via Getty Images There has been a dramatic adjustment to US rates. The two-year yield was near 4.40% before the US employment report on March 8 and it reached near 4.73% before the weekend. The 25 bp surge is the largest weekly increase since last May. For the first time in four months,…
kasezo/iStock via Getty Images Gold has had quite a run as of late. The second leg of a bull run in gold, a run that began in early 2019 when the metal was trading at just over $1,200 per oz, seems to have gotten underway recently when bullion prices decisively broke through the $2,000 handle….
MR.Cole_Photographer/Moment via Getty Images The week ahead features the first estimate of US Q4 GDP, which will be revised for the next couple of years, and policy meetings by the Bank of Japan, the European Central Bank, the Bank of Canada, and Norges Bank, Norway’s central bank. Although the market anticipates the beginning of an…
utah778 Introduction In uncertain times, the Central Securities Corporation (NYSE:CET) (the “Company“) provides, among other things, an investment portfolio (the “Portfolio“) that has stood the test of time, management continuity, a reasonable expense ratio, a discount to net asset value, and a rational, no frills approach to investment management. Morningstar rates the Company 5-Stars Overall…
Nuthawut Somsuk Transcript Marc P. Seidner, CIO Non-traditional Strategies: Hello, and thank you for joining. I’m Marc Seidner, chief investment officer of Non-traditional Strategies at PIMCO. It is my pleasure to be joined by Dr. Ben Bernanke. Both a colleague and a friend. He’s former chair of the US Federal Reserve and deftly steered the…
littleclie By Sandra Rhouma As European inflation rates converge with targets, markets expect rate cuts. But central banks are set on a decisive victory over inflation. Across continental Europe and the UK, inflation rates are trending down, with euro area inflation cooling the fastest among developed market countries (Display). Current and historical analyses do not…
This registration will let Ripple offer its certain digital assets services to clients within Ireland. Ripple has officially revealed that the Central Bank of Ireland (CBI) added its Irish entity Ripple Markets Ireland Limited (Ripple Markets) to the list of registered VASPs (Virtual Asset Service Providers). Now, after gaining this registration in Ireland, Ripple be…
MsLightBox/E+ via Getty Images Central Puerto (NYSE:CEPU) is one of the most important Argentinian electricity generators, with 16% of the country’s total capacity. I wrote articles about the company in April 2021 and January 2023. CEPU was my second article on the platform. Since the first article, the stock has returned 350%, quite a ride….
Central Garden & Pet Company (NASDAQ:CENT) Q4 2023 Earnings Conference Call November 20, 2023 4:30 PM ET Company Participants Friederike Edelmann – VP, IR Beth Springer – Interim CEO and Lead Director Niko Lahanas – CFO J.D. Walker – President, Garden Consumer Products John Hanson – President, Pet Consumer Products Conference Call Participants Brad Thomas…
Central Puerto S.A. (NYSE:CEPU) Q3 2023 Earnings Call Transcript November 13, 2023 9:00 AM ET Company Participants Pablo Calderone – Corporate Finance and Investor Relations Manager Fernando Bonnet – Chief Executive Officer Conference Call Participants Rodrigo Nistor – Latin Securities Operator Good morning, ladies and gentlemen. Welcome to Central Puerto’s Third Quarter 2023 Earnings Webcast….
Drazen_ Mainland Chinese developers have come under the global spotlight lately as many get crushed under huge piles of debt accrued during China’s real estate boom of the last three decades. Their peers in Hong Kong, an adjacent but separate market, are also facing pressures from high interest rates, though most are faring better than…
The NBG will now commence the pilot stage and test the Ripple CBDC platform in a live environment to evaluate select use cases. The National Bank of Georgia (NBG) has chosen blockchain and crypto solutions provider Ripple as a technology partner in its Central Bank Digital Currency (CBDC) pilot project. The Digital Lari (GEL) project…
zhengzaishuru By Bob Iaccino At a glance The extension of oil production cuts by Saudi Arabia and Russia through December helped push Brent and WTI crude markets higher. U.S. crude oil production hit a record 13.2 million barrels per day in early October, passing levels not seen since pre-pandemic. Regardless of your view on an…
This strategic investment, totaling around $65 million, translates to approximately 0.01 percentage point in each bank. The impact on the market was immediate and substantial, with shares of these major banks soaring between 2.43% and 4.73% in the early hours of Thursday. China’s sovereign wealth fund, Central Huijin Investment Ltd, has taken a significant step…
The emergence of Central Bank Digital Currencies (CBDCs) has ignited widespread interest, sparking enthusiasm among central bankers, generating curiosity within financial media, and fueling spirited debates in the Bitcoin community. Among cryptocurrency enthusiasts, opinions on CBDCs vary widely, ranging from viewing them as powerful tools for government surveillance and control to seeing them as desperate…
ipopba US This week will deliver a make-or-break moment for Fed rate hike expectations. The main event will be the September inflation report. Expectations are for both headline and core inflation to post 0.3% month-over-month gains in September, while headline year-over-year inflation will drop a tick to 3.6% and core’s annual reading will ease from…
honglouwawa By Carsten Brzeski, Global Head of Macro and James Smith, Developed Markets Economist Central bank rates are reaching their peak globally, and we’re already starting to see rate cuts in certain regions. Here’s what our team expects from policymakers across the world over the next few months. Macrobond, ING Federal Reserve Our call: No…
ipopba “Restrictive for longer” is now the mantra as monetary policymakers seek to bring inflation reliably to target. Executive Summary U.S. Federal Reserve policy has helped bring down U.S. price inflation, but before inflation is firmly on the path to the 2% target, we may see higher unemployment than the Fed is projecting. At the…
BIS continues to warn that crypto data can be “manipulated or distorted”. The Bank for International Settlements (BIS) has unveiled a new platform it calls “Project Atlas”. According to the Wednesday announcement, the decentralized finance data platform will play an important role in the future regulation of crypto market participants. In a joint report with…
Central Banks around the world are grappling with the difficult task of managing excessive inflation while maintaining economic development. In recent times, Central Banks in the European Union (EU) are facing a triple dilemma that demands delicate balancing acts and strategic decisions following persistent high inflation that is threatening to cripple the economy. The Triple…
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metamorworks The week ahead is dominated by central bank meetings. Six of the G10 central banks meets. The post-Covid monetary tightening cycle is ending. The start was not synchronized, and neither will be end. It is tempting to think that those that began the tightening cycle early will be among the first to finish. Among…
mars58 Before yesterday’s ECB meeting, there was a bit of uncertainty about whether the ECB would hike or not, with markets pricing in a 65% implied probability of a 25-bps hike. In the end, it went ahead with the rate hike, lifting the main refinancing rate to 4.50% from 4.25% previously. But the euro nonetheless…
SWIFT has been actively involved in various CBDC-related projects, including a wholesale CBDC initiative in collaboration with the New York Federal Reserve Bank, utilizing a regulated liability network. SWIFT, a prominent bank messaging platform connecting over 11,500 financial institutions worldwide, announced that three banks have joined the beta phase of its central bank digital currency…
The MAS has also banned them from managing, acting as a director, or even being a substantial shareholder of any capital market services business operating in Singapore. In the latest development, the central bank of Singapore has issued nine years of prohibitions to the founders of Three Arrows Capital Kyle Davies and Su Zhu over…
honglouwawa “Chickens coming home to roost” is an idiom that’s been on my mind lately – the idea that your actions will ultimately come back to you. I look at it in parenting terms; how children are raised will be reflected in who they become. For example, my mom helped care for my children when…
According to BIS research, 93% of central banks across the world are investigating the feasibility of issuing CBDCs. The Hong Kong Monetary Authority (HKMA) and the Bank of Israel (BOI) have partnered to address the privacy concerns associated with central bank digital currencies (CBDCs). This is according to a joint report titled “Project Sela –…
As Australia deliberates the potential implementation of CBDC, the central bank’s report emphasizes that while introducing a digital dollar could enhance efficiency and resilience in certain segments of the country’s payment ecosystem. As the global financial landscape continues its rapid evolution, the Reserve Bank of Australia (RBA) has concluded its pilot program for a central…
Market observers had also anticipated an adjustment in the five-year loan prime rate, influencing the country’s mortgage landscape. Amidst mounting economic concerns, the People’s Bank of China (PBOC) recently implemented changes to its lending rates, signaling its response to a complex landscape of financial issues. On August 21, the PBOC made a measured reduction of…
The DREX CBDC will utilize distributed ledger technology (DLT) for settling wholesale interbank transactions, and retail access will rely on tokenized bank deposits. The Central bank of Brazil continues to push further with its progress o the central bank digital currency (CBDC). Previously popular as Digital Real, the CBDC gets a new official brand name…
Crypto.com’s entrance to the Dutch market comes a few weeks after Binance exited the country due to regulatory hurdles. Leading digital asset service provider Crypto.com has successfully registered its business offerings with the Dutch central bank to offer crypto services in the Netherlands. In an announcement on June 28, the company said it obtained approval…
As the global economy continues to recover from the COVID-19 pandemic, the Eurozone is facing increasing chances of inflationary pressures. In a bid to address the persistent challenge of inflation, the European Central Bank (ECB) recently took a significant step by announcing a 25 basis points rate hike, raising its main rate to 3.75%. The…