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☆ Gold and some non-dollar currencies start to shine, but it's not all about de-dollarization
▼ + stars: | 2024-08-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

AdvertisementThe amount of gold holdings in global reserves has doubled in just over five years, according to Bloomberg Intelligence analysis. "As the yellow metal carries no credit or counter-party risk, some deem it as being better insulated from financial sanctions, particularly those from the emerging world," wrote UBS' Czerwonko. Advertisement"The situation in competing jurisdictions is also dire; in the land of the blind, the one-eyed man can remain king," wrote Czerwonko. AdvertisementSimilarly, Bloomberg Intelligence said said a Wednesday report that a potential second Trump term could hasten a global currency regime change. "Any title toward isolationism in a Trump second term, such as altered US attitudes toward its role in NATO and international affairs would spur de-dollarization," wrote Bloomberg Intelligence analysts.

Persons: —, Alejo Czerwonko, Czerwonko, Trump Organizations: Service, UBS, Business, International Monetary Fund, Bloomberg Intelligence, Trump, NATO Locations: Ukraine, Moscow, Swiss, Americas

☆ Curating an immersive art exhibition helped heal singer-songwriter Jewel’s heart
▼ + stars: | 2024-06-08 | by ( Jewel | For Cnn | ) edition.cnn.com time to read: +9 min

CNN —Walking through “The Portal” — the immersive art experience that I have created at Crystal Bridges Museum of American Art in Bentonville, Arkansas — is like stepping into a mandala. Jared Sorrells/Crystal Bridges Museum of American ArtI also began to carve marble, mold clay and draw around the same time I began writing songs. Crystal Bridges Museum of American ArtHere, there is also a sculpture I made titled “CHILL,” made of lucite and filled with a variety of medications. Jewel - Dedication Meditation (Official Visualizer from "THE PORTAL: an art experience by Jewel")The journal is for each visitor to keep. Crystal Bridges Museum of American ArtTraditional art mediums like oil painting and sculpture are often viewed today with preconceived notions and judgments.

Persons: “, Danny Goldberg, —, Philip Thomas, I’m, Rod Bigelow, Alejo Benedetti, Crystal, ”, Melesio Casas, Jared Sorrells, I, I’ve, it’s, James Webb, Kase, Jewel ., Jewel Organizations: CNN, Crystal Bridges Museum of American Art, Atlantic Records, Crystal Bridges Museum of American, ”, Bridges Museum of American, James Webb Space Telescope, Bridges Museum of, Nova Sky Locations: Bentonville , Arkansas, Crystal, San Diego , California

Robots of all kinds caused a stir on the show floor this week at the annual CES technology trade show in Las Vegas. The types of casino union jobs at risk could look drastically different five years from now, for example, when the Culinary Union's contract ends. We are filling the need in the market and we are bringing specialty coffee to more places.”But Werner said AI poses a real threat to casino union jobs that don’t require face-to-face interaction with customers — housekeeping, food preparation and cooks, for example. That's especially true for a people-pleasing tourist destination like the Las Vegas Strip, where customers expect top-notch service and experiences, including the latest trends in technology. That makes Las Vegas “a good place to test these things and see how customers react to it," he said.

Persons: Roman Alejo, ”, Ted Pappageorge, Pappageorge, “, Bill Werner, ” Pappageorge, Meng Wang, Wang, Werner, Alejo, ” Alejo, James Brooks Organizations: LAS VEGAS, Las, “, Culinary Workers, . Hospitality, Associated Press, University of Nevada, CES, Vegas, Culinary Union Locations: Las Vegas

☆ Spain police detain man linked to murder attempt on former Catalan politician
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +1 min

Police work at the site where Alejo Vidal-Quadras, former head of Spain's People's Party in the Catalonia region, was shot in the face, in Madrid, Spain, November 9, 2023. REUTERS/Nacho Doce/File Photo Acquire Licensing RightsMADRID, Nov 21 (Reuters) - Spanish police on Tuesday detained a man linked to a murder attempt on the former head of Spain's conservative People's Party in Catalonia on Nov. 9, news website El Confidencial reported. The man, a Spanish national, was under police surveillance for several days before his arrest, El Confidencial reported, citing sources close to the investigation. The 78-year-old conservative politician survived the attack as the bullet passed through his jaw but he is reportedly still in hospital. Vidal-Quadras is former head of the centre-right People's Party (PP) in Catalonia and a founder of Spain's far-right Vox party.

Persons: Alejo Vidal, Quadras, Nacho, El Confidencial, Vidal Organizations: Spain's People's Party, REUTERS, Rights, Spanish, People's Party, Police, Vox, National Council of Resistance, Inti Landauro, Thomson Locations: Catalonia, Madrid, Spain, Rights MADRID, Spanish, Salamanca, Iran

☆ Spain Police Detain Man Linked to Murder Attempt on Former Catalan Politician
▼ + stars: | 2023-11-21 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

MADRID (Reuters) - Spanish police on Tuesday detained a man linked to a murder attempt on the former head of Spain's conservative People's Party in Catalonia on Nov. 9, news website El Confidencial reported. The man, a Spanish national, was under police surveillance for several days before his arrest, El Confidencial reported, citing sources close to the investigation. The 78-year-old conservative politician survived the attack as the bullet passed through his jaw but he is reportedly still in hospital. Vidal-Quadras is former head of the centre-right People's Party (PP) in Catalonia and a founder of Spain's far-right Vox party. He has been a staunch ally of the Committee of the National Council of Resistance of Iran, which blamed the Iranian regime for the attack.

Persons: El Confidencial, Alejo Vidal, Quadras, Vidal, Inti Landauro Organizations: Spanish, People's Party, Police, Vox, National Council of Resistance Locations: MADRID, Catalonia, Spanish, Salamanca, Madrid, Iran

The economy is likely already in recession and is expected to contract again next year. Shortly after being sworn in as economy minister, Massa in August 2022 pledged to stop printing money to fight inflation. "Markets will likely prefer a Milei victory simply because he is more credible on delivering the fiscal adjustment." "Every investor understands that the macroeconomic adjustments that Argentina needs will inevitably translate into short-term pain." For investors, Argentine stocks traded in New York (.MIAR00000PUS) have been a beacon of hope, up near 15% year to date.

Persons: Sergio Massa, Javier Milei, Luis Robayo, Pilar Tavella, Alejo Czerwonko, Massa, Carlos de Sousa, UBS's, JPMorgan's Diego Celedon, Celedon, Rodrigo Campos, Adam Jourdan, Lisa Shumaker Organizations: por la Patria, La Libertad, University of Buenos, Law School, Global, Peronist, Barclays, Reuters Graphics Reuters, Argentina, Monetary Fund, Itau, IMF, Emerging, UBS Global Wealth Management, Vontobel Asset Management, Argentine, UBS, Thomson Locations: Argentina, University of Buenos Aires, Buenos Aires Argentina, New York, Argentine, outperforming

☆ Alejo Vidal-Quadras: Former Catalan politician shot in the face in Madrid
▼ + stars: | 2023-11-09 | by ( Pau Mosquera | Al Goodman | ) edition.cnn.com time to read: +1 min

Madrid CNN —The former president of Spain’s Popular Party in Catalonia, Alejo Vidal-Quadras, was shot in the face in Madrid on Thursday afternoon, a spokesman for Spain’s Interior Ministry told CNN. “He has been taken conscious to the hospital, whilst National Police agents are investigating the facts”, the spokesman added. Vidal-Quadras is one of the founder members of the far-right party Vox, currently the third largest force in the lower house of Spanish parliament. “I would like to send my solidarity and wishes for a speedy recovery to Alejo Vidal-Quadras,” wrote Sanchez in a post on X. We hope the investigation can clarify the facts as soon as possible and those responsible will be arrested.”This is a developing story.

Persons: Alejo Vidal, Vidal, Quadras, Vox, Nacho Doce, Santiago Abascal, it’s, Pedro Sanchez, “, ”, Sanchez Organizations: Madrid CNN, Spain’s Popular Party, Spain’s Interior Ministry, CNN, National Police, Police, Reuters Vox Party, Spanish Locations: Madrid, Catalonia

☆ Former Catalan politician shot in face in Madrid
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

[1/3] Police work at the site where Alejo Vidal-Quadras, former head of Spain's People's Party in the Catalonia region, was shot in the face, in Madrid, Spain, November 9, 2023. REUTERS/Nacho Doce Acquire Licensing RightsMADRID, Nov 9 (Reuters) - The former head of Spain's People's Party in the Catalonia region was shot in the face in Madrid on Thursday, police said. Alejo Vidal-Quadras was shot in the wealthy Salamanca area of central Madrid at about 1.30 p.m. and taken to hospital. Spanish police said they were hunting two men in connection with the shooting who were on a black Yamaha motorbike. Vidal-Quadras, 78, was the head of the centre-right PP in Catalonia and a member of the far-right Vox party.

Persons: Alejo Vidal, Quadras, Vidal, Pedro Sanchez, Graham Keeley, Angus MacSwan, Toby Chopra Organizations: Spain's People's Party, REUTERS, Rights, Yamaha, Vox, Police, Thomson Locations: Catalonia, Madrid, Spain, Rights MADRID, Salamanca, Quadras

☆ Spanish conservative politician shot in face in Madrid. Gunman escaped on a motorbike, reports say
▼ + stars: | 2023-11-09 | by ( ) www.cnbc.com time to read: +2 min

The Vice-President of the European Parliament Alejo Vidal-Quadras from Spain meets the media at the European Parliament in Brussels, Belgium, Tuesday Jan. 27, 2009. Veteran Spanish right-wing politician Alejandro Vidal-Quadras has been taken to a hospital in Madrid after being shot on a street in the capital, police said Thursday. After he broke away, he helped found the far-right Vox party. Vox President Santiago Abascal said he believed Vidal-Quadras' life wasn't in immediate danger. Popular Party President Alberto Núñez Feijóo deplored the shooting and wished for his recovery.

Persons: Alejo Vidal, Quadras, Tuesday Jan, Alejandro Vidal, EFE, Vidal, Mariano Rajoy, Vox, Santiago Abascal, Abascal, Alberto Núñez Feijóo, Pedro Sánchez, Sánchez, Quadras hasn't Organizations: Tuesday, Veteran Spanish, Police, Popular Party, Vox, Spanish Locations: Spain, Brussels, Belgium, Madrid, Spanish, Quadras, Catalonia, Kazakhstan, Kyrgyzstan, Uzbekistan

If it cannot secure fresh funds before an approaching deadline, Argentina risks defaulting on repayments to the IMF. Analysts say the central aim of these economic adjustments is to signal to the IMF that Buenos Aires is committed to the program. The left-wing administration has been locked in negotiations with the IMF for months over whether to front-load tranches of the $44 billion program. Both parties said on Sunday that an agreement on the fifth IMF review was close, but not yet finalized. Reporting by Lucinda Elliott in Montevideo, Anna-Catherine Brigida in Buenos Aires, Rodrigo Campos in New York.

Persons: Sergio Massa, Eduardo Levy Yeyati, Eyeing, Marina dal, EcoGo, Alejo Czerwonko, Yeyati, Lucinda Elliott, Catherine Brigida, Rodrigo Campos, Jorgelina de, Karin Strohecker, Catherine Evans Organizations: International Monetary Fund, Economy, Peronist, IMF, Reuters, Emerging, UBS, Analysts, Thomson Locations: BUENOS AIRES, Buenos Aires, Argentina, refinance, Washington, Beijing, Montevideo, Anna, New York, Jorgelina de Rosario, London

☆ A South American currency union? Don't hold your breath
▼ + stars: | 2023-01-23 | by ( Rodrigo Campos | ) www.reuters.com time to read: +4 min

That came after the leaders had touted a "common South American currency" on Sunday and officials told the Financial Times the tender could even be called the "sur" and eventually look to bring in other countries around South America. "It has failed to achieve simpler integration goals than that of a common currency." He called the idea of a currency union a "fantasy." Currency union talk was just a distraction, she said. Todd Martinez, a director at Fitch Ratings' sovereigns group focused on Latin America, said the two countries appeared to be unlikely partners to form a successful currency union, given their diverging economies.

REUTERS/Adriano MachadoSAO PAULO/LONDON, Jan 9 (Reuters) - Brazilian equities were higher in choppy trade on Monday, a day after thousands of supporters of former President Jair Bolsonaro stormed government buildings in the capital, echoing the Jan. 6, 2021, insurrection in Washington. On Friday, both had performed better after Lula said the economy may grow while government finances are kept in check. On Monday hundreds of Brazilian police in riot gear and some on horseback amassed at an encampment of Bolsonaro supporters near Brasilia's army headquarters. "I think the situation will quickly normalize," said Cristian Maggio, head of portfolio strategy at TD Securities in London. "Yet, it is an event worth keeping an eye on, as it may not be fully over just yet."

[1/2] Supporters of Brazil's former President Jair Bolsonaro are pictured through broken glass as they hold a demonstration against President Luiz Inacio Lula da Silva, in Brasilia, Brazil, January 8, 2023. REUTERS/Adriano MachadoMEXICO CITY/SAO PAULO, Jan 9 (Reuters) - Brazilian assets may be hit by fresh volatility on Monday after supporters of former President Jair Bolsonaro stormed key government buildings, echoing the U.S. Jan. 6 insurrection of 2021, analysts said. Ricardo Lacerda, founder and CEO of Brazilian investment bank BR Partners (BRBI11.SA), said he expects markets to react with volatility in the short term, especially on Monday, given the higher institutional risk. But Komura expects the markets to recover by the end of the week considering a strong institutional reaction against the rioters. While large sections of the Brazilian banking industry has tended to back Bolsonaro given his free market credentials relative to Lula's Workers' Party, the sector's main industry association roundly condemned Sunday's violence.

☆ Analysis: Peru markets take in political drama as investors focus on fundamentals
▼ + stars: | 2022-12-07 | by ( Rodrigo Campos | ) www.reuters.com time to read: +3 min

The Peruvian sol currency and dollar bond prices recovered early losses after President Pedro Castillo was removed in an impeachment trial following his attempt to dissolve Congress. The sol remains one of the few emerging market currencies with gains against the U.S. dollar so far this year. "So much political uncertainty is never welcome, yet the reason why markets have historically shrugged off political developments in Peru has to do with the fact that the country's fundamentals are decently strong." The sol fell over 2% against the dollar at its session low of 3.8898 before recovering slightly to trade down 1.4% at 3.8625 per dollar in early afternoon trading. Vice President Dina Boluarte was sworn as president through 2026 and the first woman to lead the Andean nation.

☆ Cuban singer-songwriter Pablo Milanés dies at 79
▼ + stars: | 2022-11-22 | by ( Associated Press | ) www.nbcnews.com time to read: +7 min

“The culture in Cuba is in mourning for the death of Pablo Milanes,” Cuban Prime Minister Manuel Marrero Cruz tweeted Monday night. Milanés and Rodríguez in particular became close, touring the world’s stages as cultural ambassadors for the Cuban Revolution, and bonding during boozy sessions. “If Silvio Rodríguez and I got together, the rum was always there,” Milanés told El Pais in 2003. Cuba’s aging leaders “are stuck in time,” Milanés told Spanish newspaper El Mundo. “These freedoms have been seen in small doses, and we hope that with time they will grow,” Milanés told The Associated Press.

☆ MLB roundup: Guardians clinch AL Central title for first time since 2018
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +13 min

Hunter Dozier capped the Royals' scoring with an RBI single to make it 13-11 following Ryan O'Hearn's two-run double. Astros 6, Orioles 3 (11 innings)Christian Vazquez's two-run single capped a four-run 11th inning and visiting Houston defeated Baltimore. Jeimer Candelario followed Schoop's RBI single with a run-scoring single of his own. The White Sox's loss allowed the Cleveland Guardians to clinch their first American League Central title since 2018. Yadier Molina had an RBI single for the NL Central-leading Cardinals, who dropped consecutive games to the Dodgers after winning Friday.

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