Forwarded from Financial World Updates
Digital asset funds saw $3.3B in net inflows last week, pushing 2025 YTD inflows to a record $10.8B.
Bitcoin led with $2.9B, Ethereum followed with $326M, while XRP broke its 80-week inflow streak with a $37.2M outflow.
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Chongqing Reduces State-Owned Enterprise Groups from 51 to 33 for Economic Sustainability | ichongqing
https://www.ichongqing.info/2025/05/28/chongqing-reduces-state-owned-enterprise-groups-from-51-to-33-for-economic-sustainability/
https://www.ichongqing.info/2025/05/28/chongqing-reduces-state-owned-enterprise-groups-from-51-to-33-for-economic-sustainability/
Chongqing
Chongqing Reduces State-Owned Enterprise Groups from 51 to 33 for Economic Sustainability
Chongqing has cut its key state-owned enterprise (SOEs) groups from 51 to 33, signaling a major push to streamline SOEs for long-term economic sustainability.
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#IronOre Futures Face Fourth Drop As China's Demand Dwindles
- Finimize
https://finimize.com/content/iron-ore-futures-face-fourth-drop-as-chinas-demand-dwindles
- Finimize
https://finimize.com/content/iron-ore-futures-face-fourth-drop-as-chinas-demand-dwindles
Finimize
Iron Ore Futures Face Fourth Drop As China's Demand Dwindles
Falling Chinese demand and rising shipments from Australia and Brazil weigh on iron ore prices, while global steel trade faces new Brazilian tariffs.
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Weak 40-Year Bond Sale Keeps Pressure on Japan to Tweak Issuance - Bloomberg
https://www.bloomberg.com/news/articles/2025-05-28/japan-40-year-bond-sale-demand-is-weakest-since-july
https://www.bloomberg.com/news/articles/2025-05-28/japan-40-year-bond-sale-demand-is-weakest-since-july
Bloomberg.com
Japan 40-Year Bond Sale Demand Is Weakest Since July
Japanese sovereign bonds fell after an auction of 40-year debt met the weakest demand since July, adding pressure on the government to reduce issuance of such securities.
Forwarded from Gordon Harkless EIE
Yes, gold and silver coins are now recognized as legal tender in Florida, effective today, May 27, 2025. Governor Ron DeSantis signed legislation that clarifies this, meaning gold and silver coins, along with bullion, can be used to settle debts. This includes both gold coins and silver coins, which must meet specific purity and marking standards.
Here's a more detailed breakdown:
Legislation: Governor DeSantis signed legislation (SB 132 and HB 999) recognizing gold and silver as legal tender.
Effective Date: The legislation took effect on July 1, 2025.
Legal Tender: Gold and silver coins, as well as bullion (bars, ingots, and coins), are now recognized as a form of legal tender for debts.
Optional Use: The use of gold and silver for payment is optional. Government entities may choose to accept it for taxes, fees, and debts.
Electronic Transfers: Governmental entities can only accept or tender gold and silver coins electronically, and must contract with a qualified public depository, unless an exemption applies.
Tax Exemption: Gold and silver recognized as legal tender are exempt from sales tax.
Here's a more detailed breakdown:
Legislation: Governor DeSantis signed legislation (SB 132 and HB 999) recognizing gold and silver as legal tender.
Effective Date: The legislation took effect on July 1, 2025.
Legal Tender: Gold and silver coins, as well as bullion (bars, ingots, and coins), are now recognized as a form of legal tender for debts.
Optional Use: The use of gold and silver for payment is optional. Government entities may choose to accept it for taxes, fees, and debts.
Electronic Transfers: Governmental entities can only accept or tender gold and silver coins electronically, and must contract with a qualified public depository, unless an exemption applies.
Tax Exemption: Gold and silver recognized as legal tender are exempt from sales tax.
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