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US President Trump: Indian Prime Minister Modi once told me that he would not participate in Russian oil transactions.Japans 5-year government bond yield rose 2.5 basis points to 1.215%.On October 20th, CICC Research stated that it believes the current round of risks at two US banks is smaller in both scale and severity than the previous round. It is more a reaction to sentiment fueled by isolated credit risk events and does not currently constitute a systemic shock to the financial system. However, this incident reflects the trend of rising credit risk in a high-interest rate environment. If this leads to a decline in risk appetite in the credit market and tighter lending conditions, it could lead to further liquidity tightening. However, until the overall US economy shows clear signs of recession, the credit tightening is likely to be mild and unlikely to escalate into a crisis.Leapmotor (09863.HK) announced on the Hong Kong Stock Exchange on October 20th that its Chairman and CEO, Zhu Jiangming, and shareholder, Fu Liquan, purchased a total of 3,243,500 H shares of the Company on the market at an average price of approximately HK$63.19 per share. Following this increase, as of the date of this announcement, Mr. Zhu Jiangming and Mr. Fu Liquan, together with their largest shareholder group, hold a total of 206,949,938 H shares and 128,517,839 domestic shares of the Company, representing 23.59% of the Companys total issued shares.US President Trump: There has been no discussion about having Ukraine cede the Donbas region to Russia.

Three Arrows Capital Creditors Repossess Company’s NFT Wallet

Skylar Shaw

Oct 10, 2022 11:58

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Following the announcement that Visa and FTX are working together to provide debit cards linked to cryptocurrency accounts in a number of nations, the price of Visa (NYSE:V) is rising.

 

To offer owners rapid access to their cryptocurrency assets, these debit cards link back to their FTX accounts. The cards may be used at more than 80 million businesses worldwide, including those in an extra 40 nations, with Visa's assistance.

 

It's important to note that FTX customers in the United States may already use these debit cards. Numerous Latin American nations will now have access to the crypto debit cards as a result of this new development. Additionally, there are plans to reach other areas in the next year and throughout Europe by the end of 2022.

Users won't be charged for processing

In a statement, Sam Bankman-Fried, CEO of FTX, gave cryptocurrency traders the following good news:

 

We're thrilled to join with one of the biggest payment networks in the world to provide our consumers the option of using their cryptocurrency to finance purchases at millions of merchants all around the world. With this card, customers may access their FTX cryptocurrency balances whenever they want, wherever in the world, without paying any processing or administrative costs.

 

The acquisition announced today doesn't seem to have really satisfied V investors, as the company's shares are down 1% as of Friday morning. Additionally, trading volume is below average.

 

Investors looking for more current stock market news should stay put!