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| Dollar falls on US-China trade dispute but broader currency markets calm The dollar had fallen versus the yen, which tends to benefit in times of economic uncertainty, for three straight days but that decline halted on Tuesday as currency investors pulled back from the Japanese currency. Asian currencies like the Korean won, Taiwanese dollar, as well as the Australian dollar, ...
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| JBS results: currency fluctuations affect net revenue Brazilian meatpacker JBS is continuing to underperform as it reported a 4.2% year-on-year reduction in net revenue as a result of currency fluctuations and sales of assets as part of its divestment plan. Gross profit for the business was down 7.5% from R$6,851.7m in Q3 to R$6,340.5m in Q4 and ...
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| Entrepreneur Guy Galboiz gives insight on cryptocurrencies This is a virtual or digital currency that uses cryptography for security purposes. Due to this security feature, it is difficult to counterfeit cryptocurrencies. But, the most defining feature and probably the most endearing allure of cryptocurrency is in their organic nature. This means that no central authority ...
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| Seoul Prepares Local Population for Digital Currencies by Launching S-Coin Various countries around the world are contemplating issuing their own virtual currency. Most of these plans are put on ice, for the time being. Seoul, the capital city of South Korea, is taking a different approach. According to mayor Park Won-soon, the creation of the S-Coin is imminent.
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| Seoul Plans to Create Its Own Cryptocurrency, and Provide Support for Local Blockchain Projects This announcement is part of a larger initiative to invite cryptocurrency and blockchain projects to thrive in the city. South Korea recently announced that it will be implementing new taxation framework for digital currencies by June. In November 2017, the Seoul Metropolitan Government collaborated with ...
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