News Archives

: Category: News Archives; Created: 09 January 2021; Hits: 509

The first fallout from rising U.S. Treasury yields has emerged, with a stronger dollar buffeting emerging-market currencies such as South Africa’s rand and the Brazilian real. The rand and real have slumped about 2% since U.S. yields crossed the 1% mark on Wednesday while Indonesia’s rupiah dropped almost 1%.

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: Category: News Archives; Created: 08 January 2021; Hits: 576

“It is necessary to spend the money now,” Biden told reporters. “The answer is yes, it will be in the trillions of dollars, an entire package.”

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: Category: News Archives; Created: 08 January 2021; Hits: 748

China’s light-speed recovery from the pandemic has reignited the perennial debate about how long the dollar’s 50-year dominance of global markets can persist. The U.S.’s struggle to control the coronavirus and revive its economy contrasts sharply with the Asian nation...

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: Category: News Archives; Created: 08 January 2021; Hits: 504

January 07, 21 by John Jeffay

(IDEX Online) - The luxury Japanese jeweler Mikimoto has been singled out for criticism by the New York-based NGO Human Rights Watch.

It claims the company, best known for its cultured pearls, put up a "wall of silence" when asked how it avoided abuses in the gold and diamond supply chains.

Fourteen other well-known jewelry brands in the US, Europe, and Asia were more forthcoming and 10 of them now actively publish information on what they do to ensure respect for human rights, according to the NGO.

"The company (Mikimoto) encouraged us to send our questions in writing," said Human Rights Watch. "We did, but they never responded, despite several attempts to contact them.

"Mikomoto's secrecy does not meet international norms and standards on best business practice, and diverges from the industry trend."

IDEX Online offered Mikimoto the opportunity to respond but didn't hear back.

Pic shows a Mikimoto store...

Diamond News Archives

Treasury Yield Surge Sends Emerging-Market Currencies Tumbling

Biden Says Yes, The Economic Package Will Be in the Trillions of Dollars

Dollar Hegemony Is Under Fire From China’s Rapid Growth Recovery

Mikimoto Singled out over Human Rights "Wall of Silence"

Joe Biden’s $3 Trillion Tax and Infrastructure Package