News Regulators 

Fed’s Powell: No ‘booming’ in U.S. economy that threatens to go bust

“Asked if there were any excesses that threatened to torpedo the expansion, Powell said: “Look at today’s economy” writes Midwest Communications Inc for 95kqds.com. Asked about the possibility the slump in manufacturing could spill over into the broader economy, Powell said central bank officials had seen no signs of that.”The U.S. economy is the star economy these days,” Powell told the House of Representatives Budget Committee.The U.S. economy is in its 11th year of expansion, although growth this year has slowed from 2018 when the Republican tax cuts fed an…

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Jim Dolbear: Useful Coins “Have To Be Quantum-Secure, That’s It”

“Elixxir President Jim Dolbear thinks the question of when quantum computing will become real is a bad one” writes Hisashi Oki for cointelegraph.com. A useful coin “has to be quantum-secure, that’s it,” Dolbear concluded.It would certainly be a huge problem if “real” quantum computers can actually reverse engineer secret private keys from known public keys, as some fear.Speaking on behalf of Elixxir founder David Chaum at BlockShow Asia 2019, Dolbear suggested that it is highly likely that whoever perfects quantum computing will use it secretly. Source: cointelegraph.com

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Saudi Arabia discussing Yemen truce in informal talks with Houthis: sources

“DUBAI/NEW YORK (Reuters) – Saudi Arabia is intensifying informal talks with the Iran-aligned Houthi movement on a ceasefire in Yemen, sources familiar with the discussions said” writes Midwest Communications Inc for 95kqds.com. The United Nations also hopes to restart negotiations between Yemen’s Saudi-backed government and the Houthis to end what is widely seen as a proxy war between Saudi Arabia and Iran. Source: 95kqds.com

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Sliding UK health service performance sparks pre-election war of words

“This was the worst performance since records began in 2004” writes Midwest Communications Inc for 95kqds.com. Labour’s health spokesman, Jonathan Ashworth, said the Conservatives had “ushered in the worst NHS crisis on record”.Polls show the left-leaning Labour Party is favored by voters to oversee the health service.LONDON (Reuters) – Britain’s National Health Service recorded its worst ever performance in treating patients on emergency wards last month, a blow to Prime Minister Boris Johnson’s claim that only his Conservatives can safeguard the cherished institution. Source: 95kqds.com

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China says holding ‘in-depth’ talks with U.S. on interim trade deal

“Last week, White House advisers said the Dec. 15 tariffs would probably be averted if a ‘phase one’ trade deal was reached” writes Midwest Communications Inc for 95kqds.com. A Reuters poll of economists showed the trade war is unlikely to see a permanent truce over the coming year.China’s economic growth has further slowed since the trade war erupted last year, expanding at its weakest pace in almost three decades.On Tuesday, U.S. President Donald Trump said a trade deal with China was “close” but offered no details and warned that he…

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China: Trade war began with tariffs, it should end by the US removing them

“Markets aren’t reading much into the comments here but the remark on the degree of tariffs cancellation reflecting the importance of the “Phase One” deal reads badly in my mind” reports forexlive.com. China wants the US to commit to removing more tariffs over time and the US won’t budge on that because they risk giving up too much leverage. Source: forexlive.com

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Sour grapes: Trade war puts cork in US wine sales to China

“Overall, U.S. wine exports to China fell 25% in 2018, measured by volume, according to the Wine Institute” writes The Associated Press for seattletimes.com. This story has been updated to correct the value of wine exports to China in 2017.California, home to Napa Valley and other famous wine-growing regions, produces about 95% of U.S. wine exports.In 1994, U.S. wine exports to China barely registered at $123,000. Source: seattletimes.com

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Gold inches down as hawkish Fed weighs on safe-haven demand

“Spot gold was down 0.1% at $1,461.50 per ounce, as of 0141 GMT, while U.S. gold futures were flat at $1,462.40 per ounce” reports cnbc.com. The months-long China-U.S. trade war has brought turmoil to financial markets and sparked fears of a global economic slowdown, pushing up gold prices more than 13% this year.Gold prices edged down on Thursday as bullion’s safe-haven appeal was dented by hawkish signals from the U.S. Federal Reserve on further interest rate cuts, citing growth in the U.S. economy, a strong labor market and steady inflation.…

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China’s economy grinds lower as October indicators miss forecasts

“Other data on Thursday showed China’s property investment growth in the first 10 months of the 2019 slowing year-on-year” writes Midwest Communications Inc for 95kqds.com. Indicators showed other sectors also slowing significantly and missing forecasts with retail sales growth back near a 16-year trough and fixed asset investment growth the weakest on record.China’s official Purchasing Managers’ Index (PMI) also showed activity in the factory sector remained in contraction for a sixth straight month in the month. At the same time, consumers have been reluctant to make big purchases with auto…

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Markets News 

Asia markets mixed as Fed’s Powell indicates rates unlikely to change

“Stocks in Asia were mixed on Thursday as Fed Chairman Jerome Powell indicated that interest rates were unlikely to change going forward” writes Eustance Huang for cnbc.com. Japan’s Nikkei 225 slipped 0.12% in early trade, with shares of Familymart dropping more than 2%.Japan’s economic growth touched a 1-year low in the third quarter, Reuters reported Thursday citing government data.HK/SIN. Overall, the MSCI Asia ex-Japan index was fractionally lower. Source: cnbc.com

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