Market swings pose a risk

By: Miguel A. Rodriguez

11:36, 29 March 2022

UAE crypto push sees Bybit, announce Dubai offices
  • Bank of England Governor Andrew Bailey said swings in commodity markets after Russia's invasion of Ukraine posed a risk to financial stability and the challenges facing the world economy are bigger than after the global financial crisis
  • Crypto exchange #Bybit said it will open its global headquarters in Dubai, and #crypto platform said it would establish a regional hub there, the latest moves in the UAE's drive to become a centre for the virtual asset sector
  • Taiwan Semiconductor Manufacturing Co. and #Samsung Electronics Co. urged the U.S. to allow foreign companies to participate in a $52 billion federal program aimed at boosting chip production on American soil
  • #XAUUSD dove 1.2% in the last session
  • #GBPUSD dropped 0.6%
  • #AUDUSD fell 0.3%

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