Saturday, December 4, 2021

Financial Post

Financial Post


Bukele steps up El Salvador’s bet on sliding bitcoin; buys another 150 coins

Posted: 04 Dec 2021 04:03 PM PST

SAN SALVADOR -- El Salvador President Nayib Bukele said the Central American country had acquired an additional 150 bitcoins after the digital currency's value slumped again, enlarging his bet on the cryptocurrency despite criticism. Read More

Cargill Plant That Supplies 40% of Canada’s Beef Averts Strike

Posted: 04 Dec 2021 02:20 PM PST

(Bloomberg) -- Union workers at a Cargill Inc. plant that accounts for about 40% of Canada's beef supply have accepted a new labor contract, averting a strike that threatened to disrupt the nation's meat market. Read More

Bitcoin falls 9.2% to $48,782

Posted: 04 Dec 2021 02:05 PM PST

Bitcoin dropped 9.29% to $48,752.15 at 22:01 GMT on Saturday, losing $4,991.54 from its previous close. Read More

U.S. Winds of Inflation Are Blowing Winter Gale: Eco Week Ahead

Posted: 04 Dec 2021 02:00 PM PST

(Bloomberg) -- The winds of inflation in the U.S. strengthened further in November with consumer prices projected to show the largest annual advance in decades, keeping pressure on the Federal Reserve to deliver swifter policy tightening. Read More

Sudan’s Burhan says military will exit politics after 2023 elections

Posted: 04 Dec 2021 01:20 PM PST

KHARTOUM -- Sudan's military will exit politics after elections scheduled for 2023, General Abdel Fattah al-Burhan told Reuters in an interview on Saturday, adding that the deposed former ruling party would have no role in the transition. Read More

U.S. administers 468.5 mln doses of COVID-19 vaccines- CDC

Posted: 04 Dec 2021 01:17 PM PST

The United States had administered 468,516,782 doses of COVID-19 vaccines in the country as of Saturday morning and distributed 581,107,805 doses, the U.S. Centers for Disease Control and Prevention said. Read More

Trump’s social media venture says it has raised $1 bln

Posted: 04 Dec 2021 01:17 PM PST

Donald Trump's new social media venture said on Saturday it had entered into agreements to raise about $1 billion from a group of unidentified investors as it prepares to float in the U.S. stock market. Read More

Canada’s Trans Mountain oil pipeline to restart on Sunday

Posted: 04 Dec 2021 12:56 PM PST

Canada's Trans Mountain pipeline will restart operations on Sunday, weeks after shutting down during a record-breaking rainstorm in British Columbia that washed out road and railways, Trans Mountain Corp said in a statement on Saturday. The pipeline, owned by the Canadian government and which was closed as a precaution, ships 300,000 barrels a day of crude oil and refined products from Alberta to the Pacific Coast. Read More

Canada’s Trans Mountain oil pipeline to restart on Sunday

Posted: 04 Dec 2021 12:43 PM PST

Canada's Trans Mountain pipeline will Read More

Sudan’s Burhan says army will exit politics after 2023 elections

Posted: 04 Dec 2021 11:30 AM PST

KHARTOUM -- Sudan's military will exit politics after elections scheduled for 2023, General Abdel Fattah al-Burhan told Reuters in an interview on Saturday, adding that the deposed former ruling party would have no role in the transitional government. Read More

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