NEW YORK—The trouble between Ticketmaster and Taylor Swift’s“Eras” tour isn’t over—with the latest snafu impacting fans hoping to score tickets in France. On Tuesday, after some fans reported issues with accessing Ticketmaster’s site, sales for six of Ms. Swift’s upcoming shows in Paris and Lyon were abruptly postponed. An explanation wasn’t immediately clear, but in…
Ticketmaster Halts Taylor Swift Ticket Sales in France, Cites Issue With Third-Party Provider
Chinese Yuan Far From Dethroning US Dollar as Global Reserve Currency, Expert Says
April 5, 2023
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Belt and Road Initiative (BRI)Business & MarketsChinaChina Business & EconomyChinese Communist PartyMarketsswiftUS-China relations
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Although Brazil and China reached an agreement to conduct trade in their own currencies rather than the U.S. dollar, the Chinese yuan is far from becoming a global reserve currency, according to Milton Ezrati, chief economist at Vested, a New York-based communications firm. Beijing hails the agreement as a step toward global de-dollarization and an…
Live Nation Says Taylor Swift Fans Can’t Sue Over Ticket Debacle
Live Nation Entertainment Inc. and subsidiary Ticketmaster LLC asked a U.S. judge on Friday to halt a proposed consumer class action over their sales of Taylor Swift concert tickets and instead force claims to be heard privately in arbitration. The companies are hoping to head off a lawsuit in Los Angeles, California, federal court accusing…
Dollar Status Remains Solid
November 23, 2022
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Business & MarketsBusiness ColumnistsChinaChina Business & EconomyHong KongIMFOpinionswiftViewpoints
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Commentary Currency status has been a hot topic for some time. When the euro emerged in 1999, many thought it would take over or at least split the share of U.S. dollar. It did not. From a longer historical time series showing official foreign exchange (FX) holdings (reserves) by currency compiled by the International Monetary…
SWIFT Sets Out Blueprint for Central Bank Digital Currency Network
LONDON—Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency (CBDC) network following an 8-month experiment on different technologies and currencies. The trial, which for the last month has involved both France and Germany’s national central banks as well as global lenders like HSBC, Standard Chartered and UBS, looked…
OPEC to Cut Output by 2M Barrels a Day; SWIFT Sets Central Bank Digital Currency Plan | NTD Business
OPEC+ announces the largest cut in oil output since the start of the pandemic. Will it drive up gasoline prices? We have analysis. SWIFT, the system that helps banks transfer money worldwide, sets out its plan for a central bank digital currency network. How would the world change if people use the central bank digital currency…
OPEC to Cut Output by 2 Million Barrels a Day; SWIFT Sets Central Bank Digital Currency Plan | NTD Business
OPEC+ announces the largest cut in oil output since the start of the pandemic. Will it drive up gasoline prices? We have analysis. SWIFT, the system that helps banks transfer money worldwide, sets out its plan for a central bank digital currency network. How would the world change if people use the central bank digital currency…
China and Russia Want to Replace US Dollar With BRICS Currencies
July 11, 2022
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BRICsBusiness & MarketsChinaChina Business & EconomyEurope-China RelationsFinance & Business TiesGlobal ExpansionInternational RelationsSpecial TopicsswiftUS-China relations
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News Analysis BRICS members call for cross-border payment in BRICS currencies to challenge the U.S. dollar. The BRICS—an acronym for Brazil, Russia, India, China, and South Africa—held a summit on June 23. The meeting, chaired by Chinese leader Xi Jinping, was part of a lengthy series of BRICS cooperation events, which began on June 6 with…
Russia Says It Will Not Disclose Banks Linked to SWIFT Alternative: Report
Russia’s central bank announced Tuesday that it would no longer disclose the names of banks that use its alternative to the SWIFT payment system. The move comes after several Russian banks were banned from SWIFT—the cross-border payment system operator—as part of measures that came in response to President Vladimir Putin’s invasion of neighboring Ukraine, which…
The CCP’s Neutrality in the Russia—Ukraine War Is Undermined
Commentary Despite strong international appeals for China to stop supporting Russia’s invasion of Ukraine, the ruling Chinese Communist Party (CCP) is bent on providing much-needed political, diplomatic, and economic support, if not military, to the aggressor. Over a month after the invasion and days after U.S. President Joe Biden warned his Chinese counterpart, Xi Jinping,…
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