Lloyds Banking Group has recently unveiled a substantial provision of £700 million to address the challenges posed by bad loans in the current tough economic landscape. Despite this financial caution, the bank has managed to deliver positive news to its shareholders by raising dividends, fueled by a surge in profits. As the biggest mortgage lender […]
Bitcoin Stands Above $30K: China Factory Deflation Hints at Possible End of Global Tightening Cycle.
- by siteadmin
- July 10, 2023
Bitcoin remained stable above the $30,000 mark on Monday, buoyed by China’s latest producer price index (PPI) data, which suggests that the global cycle of tightening liquidity, initiated in early 2022 and affecting risk assets including cryptocurrencies, is nearing its conclusion. The National Bureau of Statistics (NBS) revealed that China’s PPI, a gauge of factory-gate […]