Philippine senator and boxing star Emmanuel “Manny” Pacquiao was voted out as leader of the country’s ruling party on Saturday, weeks after challenging President Rodrigo Duterte over his position on China and record on fighting corruption. Pacquiao, 42, who is seen as a possible contender to succeed Duterte in next year’s presidential election, had long… Continue reading Philippines’ Pacquiao ousted as president of ruling party after row.
The auction will not end by this week. Two Chinese state investors plan to sell a combined 98.78% of their stakes in Dajia Insurance Group, the revamped entity of embattled Anbang Insurance Group, for 33.6 billion yuan ($5.19 billion), according to an auction filing on Friday. China Insurance Security Fund Co Ltd, the state rescue… Continue reading China puts controlling stake of revamped Anbang on the block for $5.2 billion
By Al Brooks – Since June 18, there have been many overlapping and sideways bars, prominent tails and many reversals. That looks more like a bear leg in what will become a trading range than a bear trend that will continue much lower. – The EUR/USD Forex market has been in a bear channel since June 25. There… Continue reading EUR/USD Trading Range In A Bear Tend
By Carl O’Donnell and Jeff Mason The Delta variant of COVID-19 is now the dominant strain worldwide, accompanied by a surge of deaths around the United States almost entirely among unvaccinated people, U.S. officials said Friday. U.S. cases of COVID-19 are up 70% over the previous week and deaths are up 26%, with outbreaks occurring… Continue reading Delta COVID variant now dominant strain worldwide; U.S. deaths surge – officials
KEY POINTS PayPal users can now buy $100,000 of bitcoin and other digital assets per week, up from a previous limit of $20,000. PayPal is also scrapping its annual purchase limit of $50,000. PayPal first started letting users buy cryptocurrency in October 2020 and was seen as a key step in mainstream adoption of the… Continue reading PayPal increases weekly cryptocurrency purchase limit fivefold to $100,000