U.S. crude stocks probably grew for the fifth straight week, a preliminary Reuters Online Cigarettes Store USA poll showed.
U.S. oil inventory reports are due out from industry group the American Petroleum Institute on Wednesday and the U.S. Energy Information Administration on Thursday. The reports are delayed one day due to a U.S. government holiday.Terry Gou, Taiwan’s richest man and the founder of manufacturing giant Foxconn, wants the island to roll out the red carpet for Facebook’s Libra cryptocurrency project.
In a recent, little-noticed speech, the billionaire and one-time presidential candidate said Taiwan could boost its status as Newport Pleasure an international financial hub by embracing Libra, rather than approaching the project with skepticism as other governments have done.
Gou also suggested the island could connect Libra, if and when it launches, with the digital currency being developed by the People’s Bank of China.
“I know [Facebook CEO Mark] Zuckerberg pretty well, and I hope we can bring Libra to Taiwan in the future,” Gou said on Oct. 3 at the annual meeting of Taiwan’s technology association in Taipei.
“Mainland China has decided not to accept Libra and build its own digital currency,” he said. “That creates a great opportunity for Taiwan as we can become a place where the two separate systems converge.”
To that end, Taiwanese regulators should establish a more welcome legal system for decentralized finance technologies, Newport box 100s cigarettes Gou said, arguing that fintech projects could benefit semiconductor and crypto businesses, both areas where Foxconn is active. He also announced that his own educational initiative would introduce a blockchain curriculum.