market next week Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. market next week Blogs, Comments and Archive News on Economictimes.com Europe should stop defining itself as what it is not Recent Quotes Sri Lanka Government Bonds and Yields Curve. Updated charts and tables, agencies ratings, spread comparisons, current prices. Several cryptocurrency exchanges in India have recently stepped up their offerings as they wait for the supreme court’s decision on the RBI ban. Binance and Wazirx have made some improvements to their platforms, Cashaa is waving some fees, and Zebpay has announced zero fees on a trading pair when it re-launches in India.
“With the graded roll-back of the lockdown and easing of restrictions on movement of people and functioning of offices, it has been decided to restore trading hours for regulated markets in a phased manner,” the RBI said.
02 Nov, 2020, 06.55 PM IST
- Risks abound for emerging markets in final week before US vote26 Oct, 2020, 09.26 PM ISTCaution is likely to be the watchword for investors, with the Nov. 3 vote set to reveal not just whether Joe Biden’s opinion-poll lead over Donald Trump will propel him to victory, but also determine the fate of the much-anticipated U.S. stimulus package. And there’s always the risk of a contested result.
What Blackadder’s Baldrick says about Europe
IN AN EPISODE of “Blackadder”, a British historical sitcom, Edmund Blackadder finds himself having to rewrite Samuel Johnson’s first-ever English dictionary after his idiot manservant, Baldrick, throws the sole copy on a fire. Time is short, and he has been threatened with gruesome murder if he fails. In desperation, he asks Baldrick for help. Baldrick’s definition of “dog” is certainly original: “Not a cat”. When it comes to defining Europe, leaders end up unintentionally channelling their inner Baldrick. Europe is defined by what it is not, rather than what it is.
For some, Europe is—in Baldrickian terms—Not America. Under Donald Trump, the gaps between America and the EU have widened, with the EU seen as a rival on trade and a freeloader on defence. Leaders including Emmanuel Macron, the French president, now think in terms of a specifically European rather than Western civilisation. Both America and the EU may be capitalist democracies, but Europe is greener, more equal and more humane, argued Mr Macron in a speech last year. But not everyone agrees that America is the best example of what Europe is not. Americophiles still lurk in the EU, particularly in eastern Europe, where America has remained hugely popular under Mr Trump.
Where there is more agreement is on the definition of Europe as Not Africa. Europeans once expanded into Africa; now they fear the reverse. Migration has been a neuralgic issue, but there is an ugly consensus when it comes to Africa: tightly limited legal migration and brutal treatment for anyone who arrives illegally. “The Scramble for Europe” by Stephen Smith, which spells out the prospect of mass migration from Africa into Europe, received effusive praise from Mr Macron, for instance. Sometimes this attitude bleeds into outright racism. During one meeting, a southern diplomat summed up the EU’s debates over asylum with a startling ultimatum: Europe needs to decide whether it wants to be black. For all that Europeans argued that Mr Trump was an affront to liberal values, they are not always so different. When it comes to the bloc’s policy towards Africa, there are similarities. The only reason “Build the Wall” never caught on in the EU is because the bloc uses the Mediterranean as a moat—one in which nearly 20,000 people have died since 2014.
Not being Africa has been a long-term pursuit. After all, the EU began as a club of five failed and fading empires (plus Luxembourg) working out how to survive. Defining Europe as Not China is a more recent development. China’s entry into the World Trade Organisation was supposed to herald an era of westernisation. Instead, Chinese companies snatched intellectual property from Western rivals, while the Chinese government kept its market largely closed even as the EU opened its own. Now leaders such as Angela Merkel, the German chancellor, worry that a non-democratic power will for the first time have the lead when it comes to technology. Other systemic rivals were more easily disregarded. After the Soviet Union collapsed, it was dismissed as good for beating Nazis in land wars, but bad at producing the good life. To Europeans, American superiority was ultimately fine, since it too was a capitalist democracy. Decadent Europe had the option of matching American wealth and power, but preferred a life of puny armies, long holidays and fat welfare states. China offers no such comfort. The prospect of a technologically superior power coping with problems such as covid-19 better via an abhorrent political system looms in the minds of EU leaders. If Europe struggles to match the results of rival systems then why should people support it?
Perhaps faith would do it. The EU’s founding fathers may have been devout Catholics, yet God is absent from its structures. “Perhaps it was considered better for Europe to be Christian not in letter but in spirit,” writes Olivier Roy, a French author, in “Is Europe Christian?” “Or maybe this pillar of European identity was so obvious that there was no need to carve it in stone.” Whether Europe is part of Christendom or a secular endeavour is an emerging fault line in the bloc. It cuts across everything from gay rights to abortion, with governments in a liberal west—and the EU institutions themselves—now set against their illiberal peers in the east. Rather than grapple with this question, a caucus of European politicians have reached an uneasy compromise whereby Europe is simply “Not Muslim”. It is an easy definition to sell. According to Pew, a pollster, the majority of people in Italy, Poland, Greece, Slovakia, Czech Republic, Lithuania and Hungary have an “unfavourable” view of Muslims.
A reliance on Baldrick’s idiosyncratic method of definition stems from Europe’s relative weakness. Where European powers once expected others to bend to its norms—dressed up as universal values, naturally—it now worries about the process happening in reverse. Or, as Ivan Krastev, a writer, puts it: “Lack of power means universalism becomes exceptionalism. You stress the differences.” EU politicians do not want to be a colony of America or China, while some fear Islam or an unpredictable Russia. They end up explaining all the ways Europe does not fit with any system other than its own. Baldrick would be proud, but the EU should not be. ■
This article appeared in the Europe section of the print edition under the headline “Baldrick’s Europe”
Author: Nov 7th 2020
Maize Starch Market Size, Share, Growth Survey 2020 to 2027 and Industry Analysis Report
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Henan Julong Biological Engineering
Nihon Shokuhin Kak
Japan Corn Starch
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Global Maize Starch market: Application segments
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1 Report Overview
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5 Market Analysis by Major Regions
6 Product Commodity of Maize Starch Market in Major Countries
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11 Major Players Profile
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Sri Lanka Government Bonds – Yields Curve
Last Update: 8 Nov 2020 19:15 GMT+0
The Sri Lanka 10Y Government Bond has a 7.591% yield.
Central Bank Rate is 4.50% (last modification in July 2020).
The Sri Lanka credit rating is B-, according to Standard & Poor’s agency.
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Sri Lanka Government Bonds
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10Y Bond Yield Spread – Sri Lanka vs Main Countries
The Sri Lanka 10Y Government Bond has a 7.591% yield. Click on Spread value for the historical serie.
A positive spread (marked by a red circle) means that the 10Y Bond Yield is higher than the corresponding foreign bond.
Clicking on the “Full Country Comparison” link, you can perform a full check of available data and see the differences between the countries.
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Sri Lanka Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The overall yield is the current market yield. The highlighted column refers to the zero coupon bond.
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Bitcoin in INR: Binance, Wazirx, Cashaa, Zebpay Announce New Offers for India | Exchanges Bitcoin News
Several cryptocurrency exchanges in India have recently stepped up their offerings as they wait for the supreme court’s decision on the RBI ban. Binance and Wazirx have made some improvements to their platforms, Cashaa is waving some fees, and Zebpay has announced zero fees on a trading pair when it re-launches in India.
Also read: Regulatory Roundup – Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash
As the Indian supreme court deliberates over a decision on the RBI ban, several Indian companies are stepping forward with new offers. Since Binance acquired Indian cryptocurrency exchange Wazirx, the two exchanges have made several announcements regarding their services. Wazirx’s Live Open Order Book system allows users to trade over 80 digital assets, including bitcoin, bitcoin cash, BNB, litecoin, and dash. Its users can deposit and withdraw cryptocurrencies as well as cash in and out via its peer-to-peer (P2P) platform using USDT to Indian rupees (INR). Binance announced Monday:
Indian users of both Binance and Wazirx can instantly transfer USDT at zero fees by connecting their Binance and Wazirx accounts.
Binance added that users can “Buy USDT with INR using P2P on Wazirx and trade futures, margin or spot on Binance.” The integration between Binance and Wazirx’s P2P trading platform was completed on Feb. 13, enabling users to instantly transfer funds between their accounts at the two exchanges, Binance explained. In addition, users can sign into Wazirx directly using their existing Binance accounts and buy and sell USDT via Wazirx’s P2P trading platform directly on Binance.
Furthermore, Wazirx announced Tuesday that it has partnered with Transak, a fiat on/off ramp aggregator backed by Consensys, “to power their INR fiat on-ramp.” According to Transak’s website, it is working with several other cryptocurrency startups: Wyre, Moonpay, Hodl Hodl, and Carbon. Wazirx chief of staff Priyanka Sharma explained: “We’d shared our plans of taking our unique P2P solution to more countries, and integrate into the ecosystem via more wallets, DeFi apps, etc. Wazirx P2P becoming Transak’s key partner for its INR fiat onramp is our first step in the direction.”
Wazirx also recently launched its native token, WRX, the first Initial Exchange Offering (IEO) in India. Its first-ever airdrop for WRX holders took place on Feb. 17. The exchange detailed: “Just like bitcoin and other cryptocurrencies today, WRX is a token created by Wazirx. There will be a maximum of 1 billion WRX coins ever created.”
U.K.-based crypto banking platform Cashaa has been growing its Indian operations since it launched in the country in October 2019. “Cashaa is a non-custody wallet for crypto which means we do not keep your crypto in our control,” its website states. Co-founder Janina Lowisz told news.Bitcoin.com:
We have decided that from 1 March, we are going to make deposits and withdrawals free for Indian users.
Cashaa is headquartered in London with partners and offices in 14 countries, including India, where it has a dedicated support center in Mumbai for Indian users. The platform allows you to buy the CAS token, ETH, and BTC with the euro, British pound, or Indian rupee. On Cashaa, 1 bitcoin in rupees today is approximately 665,303 INR. You can check today’s price for 1 bitcoin in INR the platform offers here.
Paxful has been expanding its Indian operations since its INR trading volume soared last year. “So why wait for regulation, when we can grow the community & join the fight for regulation,” Paxful India tweeted, noting that India has 5 million crypto investors and is the most active and educated community. The platform is currently giving away ₹15,000 ($209) on social media to 15 winners, each of whom will receive bitcoin worth ₹1,000. The offer ends on Feb. 26.
The bitcoin trading volume in INR on Paxful has been steadily growing. The platform claims to have facilitated the purchase of over 480,000 bitcoin so far, with 4,318 vendors and over 800,000 customers. For the week ending Feb. 22, a total of 89 BTC have been traded in INR.
The Paxful platform displays the current bitcoin price in India today at the top of the page, followed by seller listings showing a variety of bitcoin prices. At the time of this writing, the current rate of bitcoin in INR is 656,934 on Paxful. Sellers set their own prices and requirements. Paxful also has a partnership with Binance, allowing users to buy and sell bitcoin in INR using their Binance account.
Zebpay, formerly one of the largest cryptocurrency exchanges in India, announced on Tuesday that for one entire month, its customers in India will enjoy fee-free trading on the ETH-BTC trading pair. This offer is “coming soon,” the exchange clarified. Zebpay recently announced that it is re-launching in India after shutting down its exchange operations there in September 2017.
Meanwhile, the Indian supreme court still has not made a decision whether to lift the banking restriction imposed by the central bank, the Reserve Bank of India (RBI). The court finished hearing the arguments against the banking ban on Jan. 28. The Indian government also still has yet to make any announcement regarding the draft cryptocurrency bill.
What do you think of all the new developments by the above cryptocurrency trading platforms in India? Let us know in the comments section below.
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