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Official news: Due to the restructuring of the palm oil fund, Indonesia has temporarily frozen financial support for palm tree replanting projects.
On January 16, it was reported that Upbit, the largest cryptocurrency trading platform in South Korea, received a notice of business suspension from the financial regulator for violating the customer confirmation system (KYC) and failing to fulfill its anti-money laundering obligations. According to the news from the financial industry on the 16th, the Financial Intelligence Analysis Unit (FIU) of the Financial Commission issued a pre-notice to Upbit on the 9th of this month on the content of sa...
On January 16, WTI crude oil futures touched $80 a barrel for the first time since August last year and set a new high since July last year, as new sanctions against Russia by Western countries began to affect crude oil supplies and US inventories tightened. Buyers of Russian oil are increasingly turning to other suppliers, with some countries, including India, saying they will bar sanctioned tankers from entering the country after the United States imposed its toughest sanctions to date. Freigh...
Oil prices in the United States and Burkina Faso both rose to 2% in early trading, as the impact of last week's U.S. energy sanctions on Russia continued.
As UK government bond yields soared again, the pound fell nearly 1% against the dollar GBP/USD during the day to 1.2245, continuing to brush a new low since November 2023.
Bank of America predicted that the Trump administration's aggressive tariffs could force the Fed into wait-and-see mode because of concerns about inflation. Aditya Bhave, the bank's US economist, said in a note to clients on Wednesday that "there are increasing signs of an upward trend in inflation" and that, given the timing of the change of administration, the Fed may have completed its last rate cut of the cycle. "What...
Gold Ten Futures, January 8, according to foreign media reports, the Indonesian government said in a new regulation on Wednesday that in order to ensure the supply of domestic edible oil and biodiesel industries, Indonesia will restrict the export of waste edible oil (UCO) and palm oil residue. Indonesia is the world's largest producer and exporter of palm oil, and the move is aimed at helping to achieve a new requirement starting this year that 40% of the palm oil fuel is mixed with diesel, kno...
Gold futures slid as investors adjusted their positions ahead of the release of U.S. employment data. Friday's U.S. non-farm payrolls report is expected to shed further light on the direction of the Federal Reserve's easing of monetary policy, particularly the size and scope of future interest rate cuts. In the report, BMI analysts pointed out that gold is the outstanding performer among commodities in 2024. With gold prices gaining support from Fed rate cuts and high geopolitical tensions, it i...
Binance said that due to potential security issues with the TROY-BEP20 token contract, the deposit business of TROY (BSC) has been suspended on January 2, 2025 to protect users. Other services related to the aforementioned tokens, such as deposits and withdrawals through the Ethereum network (ETH), will not be affected.
According to Yonhap News Agency, due to the continued standoff, South Korean government officials said that at 1:30 pm local time today (January 3), that is, 12:30 noon Beijing time, the execution of arrest warrants stopped. At present, the Public Investigation Office and the police have left the presidential residence to execute the arrest warrants. (Kim Ten)
The yen weakened against most other G10 and Asian currencies in morning trading on the prospect of a slow rate hike by the Bank of Japan in 2025. Market participants have pushed back expectations for the next rate hike by the Bank of Japan until March, Lloyd Chan, an analyst at MUFG, said in a research note. The senior FX analyst said they had expected the Bank of Japan to raise rates in December 2024 or January 2025. Meanwhile, the long-term US national...
The Bank of Korea said it expects inflation to rise next month due to the weak won, which is expected to remain below 2 percent in February. (Kim Ten)
Musk is challenging MAGA, and the Trump alliance has fallen into infighting over immigration! The Syrian Liberation Organization of Sham will announce its dissolution, the Yemeni capital has been hit by air strikes, and the Houthis claim that the United States and Britain have done it... What major events have happened in the world since last Friday?
The South Korean government has declared a national mourning period for the plane crash until January 4.
Glassnode said in a post on the X platform that as of December 5, bitcoin miners have accumulated $71.49 billion for protecting cyber security and processing transactions. The block reward income is $67.31 billion, and the transaction fee income is $4.18 billion.
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