News 

China’s defence minister says resolving ‘Taiwan question’ is national priority

“BEIJING (Reuters) – China’s defence minister, Wei Fenghe, said on Monday that resolving the “Taiwan question” is his country’s “greatest national interest”, and that no force could prevent China’s “reunification”” writes Midwest Communications Inc for 95kqds.com. “Resolving the Taiwan question so as to realise China’s full reunification is the irresistible trend of the times, China’s greatest national interest, the righteous path to follow and the longing of all Chinese people.”.  Source: 95kqds.com

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If you’re planning on taking out a private student loan, the ‘riskier’ interest rate option may be the better one

“Another trend that came from this private student loan data was the wide disparity between those who applied for private student loans and those who get approved” writes Mike Brown for businessinsider.com. There are now over 100 different private student loan lenders, while an estimated 1.4 million students use private loans each year.Of the $1.52 trillion in outstanding student loan debt held by this country, $102 billion of it, or 7.5%, derives from private student loans. Source: businessinsider.com

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News Platforms 

Huawei in early talks with U.S. firms to license 5G platform

“WASHINGTON (Reuters) – Blacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some U.S. telecoms companies about licensing its 5G network technology to them, a Huawei executive told Reuters on Friday” writes Min Read for reuters.com. The U.S. government, fearing Huawei equipment could be used to spy on customers, has led a campaign to convince allies to bar it from their 5G networks.In May, Huawei, the world’s largest telecoms equipment provider, was placed on a U.S. blacklist over national security concerns, banning it from buying American-made parts without…

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News 

Credit Suisse to Start Charging Wealthy Clients for Cash Deposits

“ZURICH (Reuters) – Credit Suisse (CSGN.S) will start charging wealthy clients with large cash deposits in Swiss francs, the latest Swiss bank to pass on negative interest rates to customers” writes Min Read for reuters.com. Individual and business customers will be charged a rate of -0.75% on cash balances above 2 million Swiss francs ($2.02 million), Switzerland’s second biggest lender said. Many economists expect the SNB to take the interest rate lower next year to prevent further strengthening of the safe-haven currency, which could damage Switzerland’s export-reliant economy.A rate of…

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Crypto Markets News 

Cameron Winklevoss: Buy BTC to Escape Negative Yield Bonds

“Bitcoin (BTC) bull and co-founder of Gemini crypto exchange Cameron Winklevoss has noted that the volume of negative interest bonds accounts for $17 trillion and has urged the public to buy Bitcoin” writes Ana Alexandre for cointelegraph.com. At the same time, the Bank of Japan said that central banks can not use digital currencies to enforce negative interest rates.Masayoshi Amamiya, deputy governor of the Bank of Japan, said that states issuing digital currency with a negative interest rate would force inhabitants towards cash. Source: cointelegraph.com

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Wells Fargo must offer 66 jobs to people it rejected in 2014

“Wells Fargo must offer 66 jobs to female and African American applicants it rejected five years ago, now that the U.S. Labor Department found the bank discriminated against them” writes Bloomberg Delivers Business for latimes.com. Wells Fargo must pay about $600,000 in back wages, benefits and interest to individuals, and it must offer jobs to original applicants as they open up.Wells Fargo agreed to revise its selection process and train hiring managers to eliminate the discriminatory practices. “While Wells Fargo strongly disputes the allegations, we believe that putting this matter…

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News 

‘Addiction’ to cheap money will do ‘tremendous damage’ to the global economy

“U.S. President Donald Trump has consistently called for low interest rates, tweeting in September that the Fed should cut interest rates to zero or even set negative interest rates” writes Weizhen Tan for cnbc.com. Speaking at the Forbes Global CEO Conference in Singapore on Tuesday, Hedrick-Wong said: “I’m a firm believer that zero interest rate, or negative interest rates (is) actually doing tremendous damage to the economy over the long term.Low interest rates hurt lenders’ profits as they narrow the margin that banks can earn.Still, analysts are expecting the Federal…

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Crypto News Platforms 

Celsius Now Offers up to 10% Return on TrueUSD Lending Service

“Celsius Network, a cryptocurrency lending and borrowing platform, has partnered with TrustToken, the team behind dollar-pegged TrueUSD (TUSD), to offer up to 10 percent interest on four new stablecoins” writes Aziz Abdel-qader for financemagnates.com. TrustToken has similar arrangements with Cred, which also offers a decentralized lending platform that allows customers of stablecoin issuers, exchanges, and wallets to earn up to 10 percent interest on their crypto-shares.In a push to engage more investors, holders of TrueUSD can now leverage their funds to generate annual returns under the new partnership between the token’s…

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News Stocks 

J.P. Morgan Chase beats profit and revenue expectations; stock rallies

“Within business segments, consumer and community banking and corporate and investment bank units beat revenue expectations, while revenue from commercial banking and asset and wealth management came up shy” writes Reporter Editor for marketwatch.com. Net income rose to $9.08 billion, or $2.68 a share, from $8.38 billion, or $2.34 a share, in the year-ago period.Revenue increased to $30.06 billion from $27.82 billion to top the FactSet consensus of $28.47 billion, as net interest income rose 2% to $14.4 billion to beat expectations of $14.1 billion.JPM, +3.92% rose 1.1% in premarket…

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Crypto Futures News 

CME: Despite Pullback in Bitcoin Prices, Investor Interest Is Strong

“The Chicago Mercantile Exchange (CME) Group recently tweeted that, despite the Bitcoin (BTC) price pullback, customer interest in CME Bitcoin futures remained strong during Q3 2019” writes Joeri Cant for cointelegraph.com. On Oct. 9, the CME Group took to Twitter to state that customer interest in CME Bitcoin futures remained strong during Q3 2019, with daily open interest (OI) of over 4,600 contracts, up 61% vs Q3 2018, because of the strong interest of institutional investors.Cointelegraph previously reported that CME is adding options to its Bitcoin futures contracts in the…

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