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  • Dec 04, 2024

Will Microsoft buy Bitcoin?

On Tuesday, 10 December 2024, Microsoft’s shareholders will vote on a proposal to assess the potential benefits of investing in Bitcoin.

  • Dec 04, 2024

Business leaders fear recession, labour shortages, World Economic Forum says

Business leaders globally are worried about the risk of recession, labour shortages and rising inflation, despite some signs of improvement in economic conditions, a World Economic Forum survey said on Thursday. Extreme weather events are an increasing concern, following a year of record temperatures, severe flooding and wildfires, including in major economies such as Brazil, Germany, Indonesia and the United States, according to the survey of more than 11,000 business leaders from G20 countries. The WEF Executive Opinion Survey shows "a significant level of anxiety among business leaders in G20 countries", said Carolina Klint, chief commercial officer, Europe at Marsh McLennan, a WEF partner, along with Zurich Insurance.

  • Dec 04, 2024

Korea Crisis Has Silver Lining for Markets as Backstops Kick In

(Bloomberg) -- South Korea’s brief lurch to martial law this week spooked markets, but rapid action by officials to restore democratic norms and reassure investors has limited the damage – at least for now.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsKorea’s five-year credit default swap, the cost of insuring against sovereign default, declined on Thursday and remains well below its highs for t

  • Dec 04, 2024

Asian stocks see heavy outflows for second straight month in November

Asian stocks were under selling pressure from foreign investors for a second consecutive month in November amid worries over potential U.S. tariff hikes on regional exports under the incoming Donald Trump administration next year. Foreigners net withdrew $15.88 billion out of equity markets in Taiwan, South Korea, India, Thailand, Indonesia, Vietnam and the Philippines, following a net $15.38 billion worth of sales in the prior month, LSEG data showed. It was their largest monthly net selling since June 2022.

  • Dec 04, 2024

Morning Bid: Bitcoin's clean break

The cryptocurrency's break above the $100,000 milestone has felt inevitable since Donald Trump's election as the next U.S. president on a crypto-friendly platform. While it is just a number, it highlights how cryptos have carved out a place in modern financial markets. Some commentators joked that perhaps a sales pitch from children and grandchildren around the Thanksgiving table was enough to get it past $100,000 - after investors in recent weeks repeatedly flinched near that threshold - although the real action came from big investors and big flows into new bitcoin ETFs.

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