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Most Hong Kong-listed film and entertainment stocks fell, with NetEase (09999.HK) down more than 5%, and Tencent Music (01698.HK) and Huanxi Media (01003.HK) down more than 4%.May 13th - According to customs statistics, in the first four months of this year, the total import and export volume of the nine cities in the Guangdong-Hong Kong-Macao Greater Bay Area reached 3.37 trillion yuan, a year-on-year increase of 18.4%. This represents 20.7% of the national total, an increase of 0.6 percentage points compared to the same period last year, contributing 24.9% to the national growth. Specifically, exports reached 2 trillion yuan, an increase of 11.4%; imports reached 137 trillion yuan, an increase of 30.4%.On May 13, the yield on Japans 5-year government bonds rose 3.0 basis points to a record high of 1.945%. The yield on Japans 20-year government bonds rose 5 basis points to 3.495%, also a record high. The yield on 10-year government bonds briefly rose to 2.590%, the highest level since May 1997.On May 13th, Futures News reported that although fund buying continued to drive some metal commodities to a volatile close, the bleak prospects for a US-Iran peace deal continued to have a negative impact. Overnight, LME nickel prices weakened again, failing to maintain the previous days gains. Three-month LME nickel closed at $18,955 per ton, with an intraday decline of around 1.6%. Hopes for a peace agreement with Iran have gradually faded after the US indicated the ceasefire agreement with Iran was on the verge of collapse. However, after the London market opened, systematic buying still entered some metal commodities. Domestically, SHFE nickel consolidated at low levels overnight, suffering another setback, but support remained around 145,000 yuan. It closed at 145,650 yuan per ton, a decrease of 1,290 yuan or 0.88%. Short-term industry factors continue to influence price trends, with prices consolidating within a range. Market trading activity is expected to change, and further growth in consumption remains to be seen.Bank of Japan officials: We will continue to closely monitor the impact of the situation in the Middle East on the economy and prices.

What You Should Know About GameStop's Collaboration With FTX

Aria Thomas

Sep 08, 2022 11:16

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GameStop Corporation (NYSE:GME) has partnered with FTX, a cryptocurrency exchange, in an effort to draw more customers to the digital asset market.


What Happened: On Wednesday, GameStop and FTX announced their partnership in a press release. The transaction's terms were not made public.


The partnership intends to introduce more GameStop customers to FTX's digital asset community and marketplaces, according to a statement from GameStop.


Sam Bankman-Fried founded FTX, a digital currency exchange that supports trading in Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE), and a number of other cryptocurrencies.


Additionally, GameStop and FTX will collaborate on new e-commerce and internet marketing initiatives. At addition, GameStop will stock FTX gift cards in certain locations and become FTX's leading retail partner in the United States.


Launched in July, GameStop's L2 NFT marketplace has had a rapid increase in trading volume among decentralized non-fungible token exchanges. According to data published by CoinDesk, GameStop's NFT marketplace exceeded Coinbase Global Inc.'s (NASDAQ: COIN) all-time NFT trade volume in its first week of operation.


After-hours trading for GameStop shares climbed by 13% following the release of second-quarter results. Although the business's second-quarter revenue of $1.136 billion fell short of Wall Street's forecast of $1.27 billion, the company emphasized the $233.2 million in sales from its booming collectibles sector, which had climbed from $177.2 million in the same period of the prior year.