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Diario actualizado de economía y finanzas - International Journal of Economics & Finance    8 de octubre de 2024

EMF in English

65% of respondents in Citi’s latest Securities Services Whitepaper plan to use non-CBDC options to support digital securities settlements by 2026

· Regulatory clarity (77%) and Interoperability between networks and wallets (47%) are the top dependencies in enabling the widespread use of digital assets

Digital Money, including Tokenized Deposits, on the Uptick as Traditional and Digital Assets Converge, Citi Survey Shows

London - With the ongoing commercialization of distributed ledger technology (DLT) and digital assets, the use of digital money going beyond central bank digital currencies (CBDCs) is set to significantly increase, according to Citi’s latest and fourth edition of its Securities Services Evolution whitepaper series. 65% of respondents plan to use non-CBDC options like stablecoins, tokenized deposits, money market funds and digital payment systems to support cash and liquidity requirements for digital securities settlements by 2026, versus 15% who plan to use CBDCs. This is a stark contrast to the previous year where CBDCs were the preferred form of digital money at 52%.

Additional information may be found at

www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

· VinFast's status as a Vietnamese automaker might raise eyebrows for some, but it's a factor that shouldn't be dismissed

Trailblazers Choose VinFast: Early Adopters on the VF 8
HANOI, VIETNAM.- VinFast, Vietnam's trailblazing automaker, is making waves in the electric vehicle scene with its VF 8 model. While it might not be a household name in Europe yet, the VF 8 offers a unique blend of style, technology, and value that's catching the eye of adventurous early adopters.

· The event organization industry has evolved into a dynamic and ever-changing field, particularly regarding bachelor parties and private celebrations

The Event Organization Industry: Bachelor Parties and Private Celebrations
One of the leading platforms in this domain is Nightlife Zone, a site dedicated to offering unforgettable experiences for those looking to celebrate in a unique and memorable way.

· Market analysis on behalf of Samer Hasn Market Analyst and part of the Research Team at XS.com

Dow Jones rises to more historic levels supported by a strong earnings season and optimism about Trump's return

Dow Jones Industrial Average managed to advance to more of its historical highs yesterday, surpassing the 40,300 level for the first time. The same applies to the S&P 500 index, which touched the level of 5666 before falling. The Dow Jones gains were supported by the second-heaviest stock in the index, Goldman Sachs, after better-than-expected earnings results for the Q2, in addition to optimism about the return of Donald Trump to the White House, betting on a less stringent regulatory environment and the near certainty of the possibility of an interest rate cut next September.

Photo shows that the exhibition booth of Shaanxi Blower (Group) Co., Ltd at the Hannover Messe 2024 held from April 22 to 26 in Hanover, Germany. (Source: Shaangu)
Photo shows that the exhibition booth of Shaanxi Blower (Group) Co., Ltd at the Hannover Messe 2024 held from April 22 to 26 in Hanover, Germany. (Source: Shaangu)

· The Hannover Messe 2024, an international industrial fair, was held from Monday to Friday in Hanover, Germany

BEIJING (Xinhua) -- The Hannover Messe 2024, an international industrial fair, was held from Monday to Friday in Hanover, Germany. This year's exhibition attracted nearly 4,000 exhibitors from about 60 countries and regions, among which Chinese exhibitors accounted for 30 percent of total. At the exhibition, Shaanxi Blower (Group) Co., Ltd ("Shaangu" for short) showcased a model named "low-carbon energy-saving smart energy interconnection island".

Russia and Africa Expanding Cooperation

· Adviser to the Russian President Anton Kobyakov chaired an interagency meeting in Moscow on preparations for the ministerial conference of the Russia–Africa Partnership Forum, which will take place in November 2024 at the Sirius Federal Territory

The Roscongress Foundation is managing the events of the Russia–Africa Partnership Forum. “The Second Russia–Africa Summit held in July 2023 not only affirmed the mutual focus on further strengthening the full-format partnership, but also outlined the main directions of our joint work for the years to come. Based on the declaration adopted at the Summit, a new dialogue format was established – the ministerial conferences of the Russia–Africa Partnership Forum,” Kobyakov said in his opening remarks.
The Key to Sustainable Profitability: Understanding Risk Management in Trading

· In the fast-paced world of trading, the allure of potential profits can often overshadow the importance of risk management

However, seasoned traders understand that effective risk management is not only crucial for preserving capital but also essential for achieving sustainable profitability in the long run. Bolsalia, your new trading platform, explores the fundamental concepts of risk management, its impact on profitability, and why it’s indispensable for traders of all levels.

Bolsalia review: an advanced trading platform crafted around your needs

· Bolsalia is a cutting-edge trading platform designed to meet the diverse needs of both novice and experienced traders

Whether you're just starting your trading journey or a seasoned professional, Bolsalia provides a comprehensive toolset for making informed decisions in the dynamic world of financial markets.
Peter Saacke to retire from fund management, Raheel Altaf to take over his responsibilities

· Artemis Investment Management LLP announces that Peter Saacke, the long-standing manager of the Artemis Funds (Lux) - SmartGARP Global Emerging MarketsEquity, is to retire from fund management at the end of June 2024

Citywire AAA-rated Raheel Altaf will take over as lead manager of the fund. Raheel joined Artemis as a fund manager in the SmartGARP team in 2014 and is co-manager on the SmartGARP global funds alongside Peter. Peter, who is also a partner at Artemis, will leave the investment management industry to train as a maths teacher at the Institute of Education at University College London and as a member of NowTeach, the professional network of career changers.

· Artemis has hired Liam O’Donnell to join its fixed income team with responsibility for Rates and Macro as of 1st of November

He is based in Edinburgh and will work alongside Head of Fixed Income Stephen Snowden, and the other members of the fixed income team that are based in Edinburgh and London. He joins from abrdn, where he has worked across a range of funds since 2013. He was made Head of UK Rates in 2018 and has been Head of Nominal Rates since 2019.
Citi Private Bank Reveals Top Priorities for Family Offices: Preserving the Value of Financial Assets and Preparing the Next Generation of Wealth Owners

· Amid market volatility in 2023, family offices are shifting their focus toward wealth management and investment management and remain optimistic as they expect portfolio gains in the coming year

NEW YORK -- Citi Private Bank’s Global Family Office Group today released the results of its 2023 Family Office Survey, offering a rare glimpse into the thinking and actions of some of the world’s most sophisticated investors, its family office clients. In a year of market volatility and ongoing geopolitical challenges, the report outlines key challenges and areas of opportunities in the year ahead. The survey, which is distributed each year to all of Citi’s family office clients globally, has seen a sharp rise in the number of respondents this year, with participation more than doubling from the previous year, indicating the desire amongst family offices to compare best practices and understand the positioning of peers on a confidential basis.
Today's Bitcoin analysis on behalf of Rania Gule Market

· Por Analyst at XS.com

During the past weekend over the last two days, Bitcoin traders were surprised by a significant downward movement that brought the price of Bitcoin to levels around $24,000. Historically, it's unusual for Bitcoin or cryptocurrency currencies to experience price fluctuations of around 10% within just two or three days. The recent drop of 11.4% from $29,340 to $24,980 between August 15th and August 20th caught many off-guard and led to the largest liquidation in the cryptocurrency market since the FTX crash in November 2022. So, was this violent drop significant in terms of reshaping the cryptocurrency market?

Gold continues to decline to its lowest levels in a month and is approaches $1900 an ounce

· Today's market analysis on behalf of Samer Hasn Market Analyst and part of the Research Team at XS.com

Gold prices continue to decline in the second session this week, reaching the level of $1904 an ounce, at around 9:00 GMT today. This continuous pressure on gold comes with the strength of the US dollar and the rise in US Treasury yields. The US dollar is gaining more strength this week as well, as it is a safe-haven currency. This is especially after the influx of more negative data from the Chinese economy at dawn today, which comes after a previous series of disappointing data, which in turn comes within a turmoil in the Chinese real estate sector and a growth slowdown.

Xi Zhanyu competing in the 2023 Changchun Marathon. (Xinhua/Zheng Zhi)
Xi Zhanyu competing in the 2023 Changchun Marathon. (Xinhua/Zheng Zhi)

· An elderly runner from northeast China fulfilled his late wife's wish to keep running

BEIJING (Xinhua) -- Slim, wearing a worn-out cotton jacket under the sizzling sun, an elderly runner caught everyone's attention at a marathon held in May in Changchun, northeast China's Jilin Province. Xi Zhanyu, who is approaching 70, has kept the old jacket with him through thick and thin for seven years. "This was my wife's jacket when she was alive, and I want to run with her," Xi explained. After his wife Xia Shuyun passed away in 2016, Xi wore the jacket every time he ran a marathon. Sports form a link between Xi and Xia. The sports-loving man financed the first local games in his small village in 1988. In a video of the opening ceremony of that games, Xia spoke but failed to finish a sentence, then she shyly hid behind Xi, and the then-32-year-old Xi smiled and took over the microphone, announcing the games open.

· The Artemis Funds (Lux) - US Extended Alpha fund will be classified as an Article 8 product under SFDR from the 30th of June 2023, after formally proposing amendments to its investment prospectus

Adrian Brass.
Adrian Brass.
From the effective date of the amendments, the fund will promote environmental characteristics within the meaning of Article 8 of SFDR. The investment process will now include binding ESG characteristics (such as exclusions and a minimum percentage of sustainable investments). The fund implements a ‘130/30’ strategy, meaning that it can take short positions in order to generate incremental alpha from the portfolio and improve the risk profile of the fund. The overall objective is to generate strong risk-adjusted returns for investors over the long run.

#TaipeiComputerAssociation

Taiwan Presidential Hackathon International Track 2023 deadline extended to June 16, offers a bigger window for talented minds to showcase creativity
TAIPEI, TAIWAN - Media OutReach .- Launched April 19, the 2023 Taiwan Presidential Hackathon International Track is themed Free the Future: Open, Digital, and Green. This event emphasizes democracy, digital transformation, and net-zero goals, inviting elite hackers to collaboratively address global social issues, enhance the quality of life and spark innovation in governance.

· Artemis has announced the appointment of Toby Gibb to the newly created role of Head of Investment Solutions

Toby Gibb, Head of Investment Solutions of ARTEMIS.
Toby Gibb, Head of Investment Solutions of ARTEMIS.
He will work closely with Artemis’ Chief Investment Officer, Paras Anand, and Head of Distribution, Greg Jones, to support the group’s product and strategic development. He joins in June from Fidelity International where he most recently held the role of Global Head of Investment Directing. Gibb managed the teams of global investment directors that work closely with Fidelity International’s equity, fixed income, and multi-asset portfolio managers.

THE DEMAND FOR POSTGRADUATE DEGREES IN FLEXIBLE ONLINE TRAINING GROWS

Gamification, AI and virtual reality, the new assets of MIA Digital University and Digital Age University

· Digital Technologies are rapidly becoming the prevalent means to transmit knowledge to people of all ages after the pandemic

The transition to the digital era of educationproduced many changes in the industry and many benefits for professors, students, and parents who are looking to make a smart investment by accessing programs that provide the best education solution according to their needs. Online education has experienced a rapid growth with the global edtech investments reaching $18.66 billion in 2019, and the overall market for online education projected to reach $350 Billion by 2025. In this global scenario there are many institutions investing in online pedagogy innovation and many cases where online education is outperforming traditional education, in terms of quality of instruction and interactions and studentsachievement.

The new way to learn is digital

· Digital Technologies are rapidly becoming the prevalent means to transmit knowledge to people of all ages after the pandemic

The transition to the “digital era of education” produced many changes in the industry and many benefits for professors, students, and parents who are looking to make a smart investment by accessing programs that provide the best education solution according to their needs. Online education has experienced a rapid growth with the global edtech investments reaching $18.66 billion in 2019, and the overall market for online education projected to reach $350 Billion by 2025.
Sacha El Koury.
Sacha El Koury.

· Artemis has continued the strengthening of its investment capabilities with the appointment of Sacha El Khoury to the newly created position of Head of Impact Equities

She will also lead the existing team of four managers running the active global impact equity portfolios Positive Future. The group is seeing a growing demand from clients ranging from institutional investors to intermediaries for impact equity strategies and El Khoury will be helping to develop some of these solutions alongside existing fund management teams.
Shiba Inu (SHIB) and Ethereum (ETH) Price Set To Surge in 2023; Orbeon Protocol (ORBN) forecasted for 60x returns

· Where does the real value lie in 2023?

Could the new trading platform Orbeon Protocol (ORBN), currently in Phase 3 of its presale, really deliver 6000% returns as analysts have predicted? Or are established players like Shiba Inu (SHIB) and Ethereum (ETH) set to surge in the new year, offering a similar or even better profit? Read on for detailed analysis and predictions.

· By Jack Holmes, Artemis’ fixed income manager

Jack Holmes, Artemis’ fixed income manager.
Jack Holmes, Artemis’ fixed income manager.

2022 was a tough year for the high yield market as the stickiness of inflationary pressures became apparent and central banks rushed to tighten monetary conditions. European high yield had the additional pressure of an energy crisis and worries around gas shortages over the winter period.

Simon Edelsten, Artemis’ global equities manager.
Simon Edelsten, Artemis’ global equities manager.

The US will lead in 2023; Asia could surprise…

· World economies continue to face multiple challenges

Artemis’ global equities manager, Simon Edelsten, thinks the US will improve fastest, with Europe and the UK lagging – and maybe some good news from Asia.

  • Inflation may continue to rise
  • Stockmarkets will remain volatile – but offer opportunities
  • Markets need stable interest rates – so the US looks more appealing
  • Markets are underestimating the fall in profit margins
  • The US recession should be mild
  • European manufacturers will struggle with higher energy costs
  • Asia could be the surprise for 2023
The 20th Central Committee of the Communist Party of China (CPC) holds its first plenary session at the Great Hall of the People in Beijing, capital of China, Oct. 23, 2022. (Xinhua/Li Tao)
The 20th Central Committee of the Communist Party of China (CPC) holds its first plenary session at the Great Hall of the People in Beijing, capital of China, Oct. 23, 2022. (Xinhua/Li Tao)

· The following is the full text of the communique of the first plenary session of the 20th Central Committee of the Communist Party of China

Communique of the First Plenary Session of the 20th Central Committee of the Communist Party of China. (Adopted at the First Plenary Session of the 20th Central Committee of the Communist Party of China on October 23, 2022). The first plenary session of the 20th Central Committee of the Communist Party of China (CPC) was held in Beijing on October 23, 2022.

CPC Congress

'Chinese modernization' written into key CPC congress report

· Chinese modernization, a key term defining China's journey to rejuvenation, has for the first time been written into a report to the national congress of the Communist Party of China (CPC), the world's largest Marxist governing party

In his Sunday report to the 20th CPC National Congress, Xi Jinping, general secretary of the CPC Central Committee, underscored the "central task" of the Party, calling for efforts to advance the rejuvenation of the Chinese nation on all fronts "through a Chinese path to modernization." The Chinese have never been so close to, confident in, and capable of achieving the goal of rejuvenating the Chinese nation, according to the report, which laid out main objectives and tasks for the next five years and beyond.
The Lithuanian spearhead

· By Julio Rios

Will the controversial Vilnius-Beijing-Taipei triangle become a square that includes Brussels? It is known that recently Lithuania has promoted unusual diplomatic actions that have significantly affected the normality of its relations with the People's Republic of China. It is also known that Taiwan is a sensitive matter that must be handled with special care and within the framework of the recognition of the principle of one China - a keystone that precedes the establishment of normalized diplomatic relations. That Vilnius has promoted a different approach in its relationship with Taipei, ignoring Beijing's requirements is not only a problem in its relations with China, Lithuania's viewpoint also takes it away from the majority position in the European Union. Lithuania has done this unilaterally, without consulting its allies, but warned of the consequences of its actions, Vilnius has received the solidarity of the EU countries and the community institutions.

Carrat launches the first smart bracelet that allows you to always be safe

· Carrat is launching its safety bracelet collection that contacts your loved ones in case of danger

To make this idea come true, CARRAT will launch a collection of bracelets on Kickstarter on the 30th of August 2022– click here to pre-order a bracelet. Born from the accumulation of many negative experiences around personal safety in our everyday life. CARRAT wanted to create a bracelet that allows everybody to feel safe and protected in case of danger.

How will Russia's gas shutoff affect the EU economy?

· By Oliver Reynolds, Economist

In our latest insight piece, we examine the likely impact of Russia’s decision to suspend gas supplies via the Nord Stream 1 pipeline. In early September, Russia announced that it would keep the Nord Stream 1 gas pipeline to the EU closed until sanctions are lifted. As the lifting of sanctions appears off the table, this implies that the EU will be without a large chunk of Russian gas supply this winter. The impact on the EU economy will be twofold. First, Russia’s decision will keep gas prices high in the coming months—prices are currently around four times higher than a year ago—and likely weigh on the euro, dampening households’ purchasing power and consumption. Second, the move raises the risk of energy rationing this winter, which could have a significant impact on industrial output.

ELECTRIC BOATS

Polestar and Candela join forces to make electric boats mainstream

· The Swedish electric car maker Polestar will provide battery and charging systems for Candela’s highly efficient flying boats

The battery deal will enable Candela to scale up production swiftly, bringing mass-market electric boats one step closer to reality. In a watershed moment for electrification at sea, the two Swedish companies Polestar and Candela have ventured into an agreement where Polestar will supply the battery and charging systems for Candela’s revolutionary hydrofoiling speedboats. The deal lets Candela tap into state-of-the art automotive battery technology and scale up production of its best-selling electric boats.

CRYPTOCURRENCY HAS BEEN BEARISH

Number of New Addresses on the Ethereum Network Records a 62.98% Decline Since the Beginning of the Year

· The on-chain activity of Ethereum (ETH), the second-largest crypto by value, is declining

TradingPlatforms.com established that new addresses on Ethereum Network recorded a 62.98% decline since the beginning of the year. In January, the number of new addresses on the Ethereum Network was 3.08 million. Comparatively, the number of new addresses on Ethereum by August 16 stood at 1.14 million.

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