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Thursday, October 21, 2021
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UK’s Relx upgrades outlook on demand for analytics

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LONDON — European information provider Relx upgraded its full-year outlook for underlying profit, earnings and revenue growth on Thursday, driven by demand for analytics products like fraud prevention and identity solutions. Read More

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Oil Slips After Hitting 7-Year High on Surprise Stockpiles Drop

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(Bloomberg) — Oil slipped after hitting a seven-year high following a surprise draw in U.S. crude stockpiles and a robust decline in fuel supplies.  Read More

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Decklar Resources Inc. Announces Completion Operations for the Oza-1 Well

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CALGARY, Alberta, Oct. 21, 2021 (GLOBE NEWSWIRE) — Decklar Resources Inc. (TSX-V: DKL) (OTCQX: DKLRF) (FSE: A1U1 (the “Company” or “Decklar”) announces the commencement of completion operations for the Oza-1 well re-entry. Read More

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China coal futures slump as gov’t signals intervention to ease power crisis

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BEIJING — China’s thermal coal futures fell the maximum permitted 11% on Thursday, extending losses run up since Tuesday when Beijing signaled it might intervene to cool surging prices that have led to power shortages across much of the country. Read More

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China Evergrande secures bond extension as chairman foots project bills

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HONG KONG/SHANGHAI — China Evergrande Group has secured an extension on a defaulted bond, financial provider REDD reported on Thursday, offering rare respite to the developer a day after a deal to sell a $2.6 billion stake in its property services unit failed. Read More

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Russia’s SPB Exchange enters custody agreement with BNY Mellon before IPO

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MOSCOW — Russia’s second-largest bourse, SPB Exchange, which plans to apply for a U.S. listing in the first half of 2022, said on Thursday it had entered into a global custody agreement with Bank of New York Mellon Corp . Read More

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Can Ethereum Survive the Uprising of “Ethereum Killers” and DeFi Protocols?

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Since Ethereum became the go-to smart contract blockchain, its underlying TPS limit infrastructure uncovered pathways for network contention. As a result, every emerging blockchain with smart contract capabilities gets dubbed an “Ethereum Killer,” as they are built to challenge Ethereum’s shortcomings.

The King of Activity

When considering the chances of an “Ethereum Killer” capitalizing on Ethereum’s total market share, Felix Hartmann, partner at Hartmann Capital, mentioned that the network carries the idea of blockchain exclusivity. He underlines that Ethereum is often users’ first interaction with blockchain technology through DeFi, wallets, or NFTs. In short, Ethereum is the gateway that kickstarts blockchain

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Long Philippine Bonds Seen Out of Favor on Inflation Fears

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(Bloomberg) — Most Southeast Asian yield curves have flattened in recent months in tandem with a similar move in U.S. Treasuries. The Philippines is an outlier.  Read More

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UK borrowing halves in first half of tax year as Sunak readies budget

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LONDON — British public borrowing fell by around half in the first six months of the current financial year compared with a year earlier, when the economy faced the full force of the COVID-19 pandemic, official figures showed on Thursday. Read More

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Anglo American’s Q3 production inches 2% higher

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LONDON — Global miner Anglo American said on Thursday its overall production rose by 2% in the third quarter, driven by diamonds and iron ore, while copper output fell by 6%. Read More

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