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Central banks don’t need their own digital currencies

Whether central banks should issue their own digital currencies may sound like an arcane debate. But allowing them to do so could have a profound impact on a nation’s economic and financial landscape — and not for the better. Various proposals are works in progress, but share one basic feature: Central banks would issue electronic deposits. These deposits would be ...

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US stocks slide amid trade tensions, Treasuries gain

Bloomberg US equity-index futures extended a retreat alongside European stocks on Tuesday as investor optimism over looming trade talks was knocked by news the White House is moving towards possible restrictions on capital flows into China. Treasuries and gold advanced. Contracts for the three major US gauges had gained earlier, but they reversed after China said it strongly opposed an ...

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Chinese stocks rise as trade resumes

Bloomberg Chinese stocks rose as they traded for the first time in a week, with investors focusing on the upcoming trade talks with the US. The CSI 300 Index closed up 0.6%. Hangzhou Hikvision Digital Technology Co and Zhejiang Dahua Technology Co halted trading after they were placed on a US blacklist along with six other Chinese technology firms. Hong ...

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