All rights reserved. Shell took advantage of wild price swings and a market situation that allowed it to make money by storing oil to sell later for a profit.The company’s earnings from oil trading in 2020 beat the highest ever net income at Vitol Group, the world’s largest independent trading house, which made a record $2.3 billion in 2019. That’s about 70% of Ant’s revenue for the year.Valuation HitAfter Ant’s IPO suspension, the central bank directed the Hangzhou-based firm to turn itself into a financial holding company, subjecting it to capital restrictions, the need for fresh licenses and ownership scrutiny. The company’s proprietary gDEX protocol (which stands for Decentralized Finance Gaming Platform Exchange) merges DeFi, eSports, and web 3.0 NFTs into a new competitive industry called m$ports™. NFT cards confer gameplay advantages in mining and fighting, and power is expressed by participants staking the ERC-20 Trilium token to planets, each of which is a DAO with dedicated elected leadership. Between them, Shell and BP move more than 20 million barrels of oil and refined products a day, much more than the volumes they pump out of the ground.Yet trading has always been kept a closely guarded secret, with executives typically only making mentions of the units’ performance with general platitudes.In the second quarter of last year, when supermajors’ balance sheets were savaged by the impact of the coronavirus on oil prices, their trading units saved them from posting quarterly losses. As we head into 2021, NFTs will without a doubt be a major theme for blockchain in 2021 and beyond. Have a brilliant idea? It was established in 1875 and is Asia’s oldest stock exchange. ET First Published: March 9, 2021 at 4:06 p.m. More than 5,500 companies are publicly listed on the BSE. It also underscores the rising heft of the self-made billionaire, who has lured investment from Total SA to Warburg Pincus. Construction companies will often need spare parts for their construction equipment on a very short notice. The first payments totaling just over $3 billion were made to investors earlier this week, according to an investor Q&A on the bank’s website. The following list represents a handful of top companies launching NFT related products in December, with opportunities for the public to get involved. Market News: Get latest stock market news live, share market news live, NIFTY, SENSEX, forex commodity market news, stock exchange news, IPO news, BSE/NSE news, stock trading news, analysis on equity and stock markets tips. Its 26% advance over six months contrasts with a 15% slump for Jack Ma’s e-commerce behemoth, which owns a third of Ant. The NIFTY 50 index is India’s premier stock index. Aligning incentives is important, but TSR misses the mark. Zetsche stepped down from Daimler the following year.There may be less strategic rationale for the tie-up to continue. In early 2019, Daimler announced plans to team up with Zhejiang Geely Holding Group, its largest shareholder, to form a joint venture and transform Smart into an all-electric brand based in China.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. (Bloomberg) -- The U.S. Securities and Exchange Commission is seeking personal financial information of two Ripple Labs Inc. executives in a lawsuit where it claims the company misled investors in the cryptocurrency XRP by selling the virtual tokens without registering.Ripple co-founder Christian Larsen and Chief Executive Officer Bradley Garlinghouse on Thursday asked a federal judge to block subpoenas sent to six banks seeking eight years worth information, saying the request is a “wholly inappropriate overreach” in a suit that doesn’t involve alleged fraud.They say there is no allegation that their finances were intermingled with those of Ripple and that regulators are demanding everything from the proceeds of unrelated business transactions to “how much money they spend at the grocery store every week.”The two men say they have agreed to produce records that relate to XRP transactions, as well as information about other compensation from Ripple, but the SEC “made clear” this wasn’t enough.“The SEC has not offered and cannot provide a coherent explanation for why it is entitled to this information,” lawyers for the two men said in a letter to the court.The SEC says the two men ignored legal advice that the cryptocurrency could be considered an investment contract and therefore a security. NBA TopShot is an NFT platform for the sale and trading of what are essentially digital basketball cards, featuring highlights of great plays (like this phenomenal shot block by rising star Zion Williamson). (Bloomberg) -- Indian tycoon Gautam Adani has added more billions to his wealth than any one else in the world this year on the back of investor excitement around his ports-to-power plants conglomerate.The net worth of Adani, a first-generation entrepreneur who rarely speaks publicly, has jumped $16.2 billion in 2021 to $50 billion, according to the Bloomberg Billionaires Index. NIFTY 50 is NSE's diversified index comprising stocks from top 50 Indian companies across 14 sectors. All rights reserved, Portfolio Design and Negative Correlation in a Scary & Volatile Market, Dogs of the Dow 2021 – Dividend Aristocrats, Coupang, Roblox (RBLX) and other ways to invest in the Bitcoin boom, Inflation is real and it’s coming, Canaan (CAN) and Bitcoin, Gamestop (GME), Amazon (AMZN), AWS and the Dark Pools, NFT, Bank of Japan on Bonds, FUTU and Value Stocks, Stock Contest – NFT – Problems at Costco (COST) and Inflation do’s and dont’s, NFT – Non Fungible Tokens, Rocket Companies (RKT), Palantir (PLTR), Most Oversold Stocks, NFT – Non Fungible Tokens, Moderna (MRNA) and IPO’s, Bitcoin, Novavax (NVAX), Generac (GNRC) and Utilities as an investment, The Vix, Door Dash (DASH) & Stay at Home Stocks. Renault and Daimler have said their industrial partnership that dates back more than a decade will continue.Renault warned investors last month of another challenging year following a worse-than-expected 8 billion-euro annual net loss. The project is self-funded through NFT sales, with the first two Land sales quickly selling out. The writer may have or may hold positions in some of the companies mentioned, either through a personal relationship, as in investor, or user. The two regularly hosted joint press conferences at car shows before Japanese police arrested Ghosn in late 2018 on suspicion of financial misconduct. However, the disclosure shows “real value creation which will transfer over into renewable power.”BP BenefitsRival BP Plc made a similar disclosure last year when its Chief Executive Officer Bernard Looney revealed trading typically boosted returns by 2 percentage points a year, suggesting it makes annual profit of around $2.5 billion. He also owns NFT-based digital assets, including a “Maxi Kleber dunk Moment” card that he considers a collectible and just as valuable as a physical sport card. For Chief Executive Officer Thomas Gottstein, it’s arguably the worst reputational hit since taking over about a year ago in the wake of a damaging spying scandal.Credit Suisse froze the supply chain finance strategy -- which invested in short-term financings arranged by Greensill -- after doubts emerged about the valuations of some of the assets, kicking off a chain of events that culminated in the collapse of Greensill Capital. Spreads on Tencent’s 2.39% dollar bond due 2030 widened 9 basis points, while notes issued by fellow Chinese tech giants including Meituan and JD.com Inc. also weakened, according to traders.Along with Ant, proposed rules to break up market concentration in digital payments and rein in consumer lending online will damage prospects for Tencent’s WeChat Pay and its wider fintech business.A diktat to fold those operations into a holding company that could be regulated more like a bank would potentially further curb its ability to lend more and expand as rapidly as it has done in recent years.Tencent’s fintech business had revenue of about 84 billion yuan ($13 billion) in 2019, accounting for 22% of the total and making it the largest earnings driver after online entertainment. Post token launch, a portion of the $WARP supply will be distributed to holders of the NFT. NFT is a company that provides integrated systems and customized solutions to nuclear, aerospace, and commercial markets. The other two funds in that group are the Credit Suisse (Lux) Qatar Enhanced Short Duration Fund and Credit Suisse (Lux) Institutional Target Volatility Fund.Credit Suisse has started an internal probe into the collapse of the supply chain finance strategy. Mega-cap stocks Microsoft Corp, Apple Inc, Facebook Inc and Amazon.com Inc led the rally, recouping losses from a recent pullback and helping the benchmark S&P 500 surpass its Feb. 16 peak of 3,950.43. The first blows fell on Jack Ma when Ant’s $35 billion initial public offering was torpedoed at the last minute, followed by an antitrust probe into Alibaba Group Holding Ltd.While Pony Ma doesn’t have the kind of high-profile globally that Jack Ma does, he is considered one of China’s most accomplished entrepreneurs within the country. AnRKey X™ is a DeFi game and NFT art studio that has risen to prominence for its memorable art direction and roadmap which includes Battle Wave 2323™. Use cases are growing and the people are starting to notice. At NFT, for the past 35 years we constantly adjust our business to the market. The coin is down 2.7% in the last 24 hours, according to tracker CoinGecko.com.. Only Bitcoin and Ether are bigger cryptocurrencies.The case is Securities and Exchange Commission v. Ripple Labs Inc., 20-cv-10832, U.S. District Court, Southern District of New York (Manhattan)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. It tracks the market performance of the largest cap companies & hence, broadly reflects the Indian economy. ET The result is a boon to the company amid the energy transition as it leans on its trading prowess to push through less-profitable renewables.Shell’s B shares were up 0.4% at 1,510.8 pence as of 1:29 p.m. in London on Friday.“Trading operations are dismissed by the market as unsustainable” and don’t add a “serious” premium to a company’s valuation, Sanford C. Bernstein analyst Oswald Clint said in a note. 1. "IONITY is in constant dialogue with its joint venture partners and is examining further investment opportunities for the expansion of the fast-charging infrastructure," Ionity said in a statement. For a period of time this will give inherent value to the Solo Explorer NFT and it will be traded on the open market. U.S. stocks jumped on Wednesday with the Dow hitting a record high, as data showed underlying consumer prices remained tepid in February, easing concerns about a spike in inflation. Chief Executive Officer Luca de Meo’s daily battles to secure enough semiconductors to keep plants open are complicating his attempt to steer the company out of the rut it’s been in since long-time leader Carlos Ghosn’s arrest in late 2018.Timely ExitDaimler shares have surged since the Mercedes-Benz maker announced plans early last month to spin off its truck unit. By tying pay to stock prices over short periods of time, companies and investors are actually putting their long-term interests at risk. Cryptos ‘Obviously, we had no idea it was going to get here,’ say the guys who made the first NFT Last Updated: March 9, 2021 at 4:07 p.m. Currently, NFTs are being used as digital art, collateral for loans and derivatives, and to represent fractional ownership in various assets. Electric vehicle charging group Ionity, whose owners include Volkswagen and Daimler, is looking to sell a minority stake to rake in 400 million-500 million euros ($479 million-597 million), three people familiar with the matter said. Shares of all Adani group stocks, except one, have rallied at least 50% this year.The surge in wealth dwarfs the $8.1 billion added by Adani’s compatriot and the richest person in Asia, Mukesh Ambani. Renault said in a statement that it would sell its 16.45 million Daimler shares through a placement to qualified investors via an accelerated bookbuilding process. Most of the suppliers are usually not able to answer such demands. For Shell, it estimates LNG trading brought in an additional $2.6 billion. Stock Contest – NFT – Problems at Costco (COST) and Inflation do’s and dont’s. "Three of NFT portfolio companies listed among the 12 fintech companies that big banks are envious of by Di Digital" + Learn More. The company aims to bring in more than double that amount by 2025.Another EraRenault and Daimler’s cross-shareholding and partnership originated in 2010 under then-CEOs Ghosn and Dieter Zetsche. (Updates with background on Pony Ma in ninth paragraph. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. President Joe Biden’s bid to tackle climate change is running straight through the heart of the U.S. oil and gas industry -- a much bigger, more influential foe than Democrats faced when they took on the coal industry during the Obama years. $ANRX tokens will be available to the public on December 07 during AnRKey X’s highly-anticipated public sale, which was just officially announced. The Anglo-Dutch major is the world’s largest trader of the liquefied fuel.The two European energy giants are best known for their oil and gas operations, but they’re also two of the biggest commodity traders. Hailed by China as a symbol of "mutually beneficial cooperation", the pipeline has become a target for public anger over perceptions Beijing is backing the junta that seized power in a Feb. 1 coup. The market is tense today as there is a divergent move amongst the top ten cryptocurrencies by market capitalization. Analysts suspect it was able to make similar profits from those businesses. These five companies are expanding the possibilities of "cryptocollectibles"―virtual items stored on a blockchain. Blockchain-powered Launchpads Are at the Ready. Protection against default on some $4.6 billion in credit lapsed this month after a futile effort by Greensill to get an injunction to keep it going, court documents show.Apart from the loss of insurance, Credit Suisse also pointed to separate valuation uncertainties for some of the funds’ holdings. To learn more about AnRKey X™, visit their Telegram community for live updates. Only 3,000 Land packs are being sold; each contains a single Land NFT (and 7 other NFTs). Currently, the fandom and merchandise market is worth $62 billion and Terra Virtua is poised to disrupt it. TVK tokens can be used to earn rewards, farm exclusive NFTs, create NFTs, and gain access to exclusive Terra Virtua offers. Justin Sun postponed a $4.6 million lunch with Warren Buffett, plowed $10 million into GameStop stock, and lost out on a $69 million NFT. Gerber Kawasaki, a top wealth management firm that handles $1.8 billion for 7,500 clients, is going crypto. Particularity 1.6 8V, MOTORCODE NFT It is the world’s fastest stock exchange, with a median trade speed of 6 microseconds. A recent report analyzing 20M NFT transactions reveals insightful information across multiple categories.. No signup or install needed. Bombay Stock Exchange (BSE) Bombay stock exchange is an Indian stock exchange located at Dalal Street, Mumbai, Maharashtra. Fast forward to 2021 — and oil and gas have eclipsed coal to become the biggest human source of greenhouse gas emissions from public lands and waters, federal production data indicates. BNP Paribas SA and HSBC Holdings Plc are advising on the sale, according to people familiar with the matter.Cashing in its stake in Daimler allows Renault to pay down debt and protect credit ratings that have been assigned a negative outlook by Moody’s Investors Service, Standard & Poor’s and others.In January, de Meo laid out plans to gradually restore profit margins to pre-pandemic levels and generate a cumulative total of about 3 billion euros of cash by 2023. 'The sad fact is the NIH has not prioritized' COVID-19 treatments: Dr. 'Zeke' Emanuel, UPDATE 1-French drug agency says AstraZeneca vaccine should continue to be used, Biden signs COVID-19 relief bill, stimulus check distribution to begin this weekend, L Brands Shares Rise on Raised Forecast, Reinstated Dividend, Treasuries Test 1.6% With Inflation Gauge at Highest Since 2014, Quiet India Tycoon Beats Musk, Ambani to Add The Most Wealth, Binance Adds Merchant Features to Early Version of Payments Platform, Saudi cuts April crude for some Asian refiners, maintains India supply -sources, Shell Doubled Oil-Trading Profit to $2.6 Billion Last Year, As climate fight shifts to oil, Biden faces a formidable foe, Credit Suisse Freezes $1 Billion of Funds as Scandal Widens, Planned ETF Would Invest in Grayscale’s GBTC to Sidestep SEC’s Crypto Reluctance, Bitcoin Maintains Upswing As Ethereum’s All Time High Journey Sees Roadblock, "Chinese business, Out!" Art. The company declined to comment on financial regulatory matters.The China Banking and Insurance Regulatory Commission didn’t immediately respond to a request seeking comment.A progression of rules unveiled in the past six months has taken aim at the dominions built by China’s most successful online entrepreneurs. While Bitcoin (BTC) and Ethereum (ETH) remain the dominant head, the altcoins that are most correlated with the former are charting a different course for themselves today. He tried to enter a $70 million bid but his offer wasn't received by Christie's. The auction included a physical art piece but the main excitement was around the digital version. The S&P 500 and the Dow hit all-time highs on Thursday as worries about rising inflation subsided, while a bigger-than-expected fall in weekly jobless claims and the signing of a massive stimulus bill reinforced expectations of a strong recovery. Fresh off of a $2.5 million private fundraise from leading blockchain investors, Terra Virtua has created the world’s first mass market NFT marketplace to showcase rare digital collectibles. Artists who use digital images will be helped by using NFT tokens and can protect their copyrights. “Now with the entry in data centers business, the group has also indicated its appetite for venturing into technology.”Adani Enterprises Ltd. signed a pact last month to develop 1 gigawatt of data center capacity in India.Adani Total Gas Ltd., top performer in the group, has jumped almost 97% this year while the flagship Adani Enterprises has advanced 87%. The stock closed Wednesday at a three-year high, valuing the company at 77.1 billion euros.Renault informed Daimler in advance of its plan to offload its holding, a spokesperson for the German carmaker said. Greensill’s stunning fall in a matter of days was set in motion last year when Tokio Marine’s Bond & Credit Co. unit decided not to renew policies covering billions of dollars of loans the supply chain finance firm made. Last week, NFT sales soared nearing a million dollars in volume, as the blockchain-based Sorare fantasy soccer card game saw over $221,000 in sales during the last seven days. It's a type of cryptocurrency - run on Ethereum blockchain - that's used to represent a unique asset and are valued as collectors' items. NFTs, or non-fungible tokens, are a new type of digital asset. The EOS blockchain has NFT functionality, but hasn’t caught on the way Ethereum has. (Bloomberg) -- Pony Ma’s Tencent Holdings Ltd. has been put on notice.Asia’s largest conglomerate was censured by China’s antitrust watchdog on Friday as Beijing expands a crackdown that began with Jack Ma’s online empire.The token fine is just the beginning. Adani Transmission Ltd. is up 77%. Here's a look at the crypto whiz kid. (Updates with analyst estimates in eighth paragraph. It posted the decision in an investor update on its website dated March 9.The largest of the additional funds are the $701 million Credit Suisse (Lux) Multi Strategy Bond Fund and the $303 million Credit Suisse (Lux) Multi Strategy Alternative Fund.Their suspension compounds a crisis that’s forced Credit Suisse to seek outside help to deal with regulators’ queries and threatens to saddle the bank with losses from a loan that it made months before the collapse of Greensill’s empire. A non-fungible token (NFT), is a blockchain-based tokenization of a collectible item or art piece. The bank had held them up as a success story as recently as December. by Mike Dalton. Holders of these NFTs will be eligible for a portion of the $WARP token supply. (Bloomberg) -- Credit Suisse Group AG froze four more funds that invested in the bank’s $10 billion supply chain finance strategy, adding to the widening scandal surrounding the bank’s exposure to Lex Greensill’s failed empire.The additional funds have about $1.2 billion in assets, some of which they had put into the four Greensill-linked funds that Credit Suisse is now liquidating. A recent article by Decrypt found that the trading volume for the Non-Fungible Token (NFT) market jumped 57% over the summer, pushing the industry to … Based on Daimler's closing share price of 72.09 euros per share on Thursday, Renault's stake would be worth a little more than 1.18 billion euros ($1.41 billion). This is, according to us, a business model that is elastic and guarantees longevity. Warp Finance is an exciting new optimized DeFi lending platform geared towards offering lending opportunities to help increase liquidity and free up user assets. Just like sports cards or Beanie Babies, each item is unique or exists in a limited quantity. In Alien Worlds, gamers can farm the metaversal ERC-20 token (Trilium) using NFT land and tools. EUR/USD declined below the support at 1.1965 and is moving towards the next support at 1.1925. All three of the nation’s financial watchdogs have made it their primary goal this year to curb the “reckless” push of technology firms into finance. It offers components and precision parts, such as structural titanium spars, beams, ribs, and splice plates; impellers, blisks, and inducers; intercostals and longhorns; hatches; vacuum chambers; heat shields, and other shielding components. Non-fungible tokens (NFT) are making artists major money of late as the trend for collecting the top crypto art continues. Top oil exporter Saudi Arabia has cut the supply of April-loading crude to at least four north Asian buyers by up to 15%, while meeting the normal monthly requirements of Indian refiners, refinery sources told Reuters on Friday. Cryptocollectibles or non-fungible tokens (NFTs) are virtual items stored on a blockchain. Alien Worlds is an exciting new digital experience offering a metaverse composed of Trillium, NFTs, and Planets. In terms of games, investors, and widespread use, non-fungible tokens are on the upswing. You can learn more about Warp Finance on their Telegram community leading up to the official launch. If you have a great business idea, we want to know more. Still, valuations for European oil companies remain in the doldrums and investors are still not rewarding them for climate strategies that remain unproven.“Each day investors understand the rationale and the proposition more, but understandably they want to see results, they want to see execution,” BP’s Looney said Thursday in a webinar. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Binance Pay now includes merchant functions, allowing businesses to process payments in crypto, online or in-person. Disclaimer: Please consult your financial advisor before investing in any cryptocurrencies as they are volatile and pose risks for the average investor. Commercial Hydroponic Consulting. © 2020 Benzinga.com. "Hard as it is, there is no getting away from the fact that some areas can no longer profitably sustain a John Lewis store," Chairman Sharon White said.

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