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Our weekly roundup of news from East Asia curates the industry’s most important developments. Samsung’s new Bitcoin ETF On Jan. 13, Samsung Asset Management, a wholly-owned subsidiary of the namesake South Korean conglomerate, successfully listed the Samsung Bitcoin Futures Active ETF on the Hong Kong Stock Exchange. According to local news outlet Edaily, the ETF
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Municipals were firmer once more on Thursday as triple-A benchmark yields fell further and inflows continued. U.S. Treasuries were weaker and equities ended in the red. The three-year muni-UST ratio was at 56%, the five-year at 59%, the 10-year at 65% and the 30-year at 88%, according to Refinitiv MMD’s 3 p.m. ET read. ICE
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Minnesota-based Fairview Health Services lost its A-level rating from Moody’s Investors Service and could fall further on the credit scale as it copes with worsening operating struggles that began before the COVID-19 pandemic. Moody’s lowered the rating Wednesday to Baa1 from A3 and assigned a negative outlook. Further downgrades raises the risk that Fairview — which
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America had Ryan Gosling in The Big Short, breaking down the 2008 financial crisis from the Wall Street office of Deutsche Bank. Britain has Rory Kinnear singing karaoke Whitesnake in the Duck and Drake, Burnley. The movie is Bank of Dave, an assertively genial comedy based on the true story of Dave Fishwick. He was,
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A new Eden Project for the north of England is among more than 100 schemes to have won government funding from the delayed £2.1bn second phase of the levelling-up fund. The planned eco-attraction in Morecambe, on the Lancashire coast, will receive £50mn for local capital projects, as part of the Conservative party’s “levelling-up” policy, an
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Federal Reserve Bank of St. Louis President James Bullard said U.S. interest rates have to rise further to ensure that inflationary pressures recede. “We’re almost into a zone that we could call restrictive — we’re not quite there yet,” Bullard said Wednesday in an online Wall Street Journal interview. Officials want to ensure inflation will
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