Global Markets: Flamethrowers sell out

By Commodity News Service Canada
WINNIPEG, Feb. 1, 2018 (CNS) – The following is a glance at the
news moving markets in Canada and globally.
Silicon Valley billionaire Elon Musk has closed orders for
his latest novelty product, after selling 20,000 flamethrowers
at US$500 a piece in four days. Each flamethrower will come with
a free fire extinguisher and buyers will need to agree to
certain conditions before receiving the device in the spring.
The world’s largest cryptocurrency, Bitcoin, dropped 11 per
cent Thursday to US$9,022, hitting its lowest value since late

November. Facebook has announced a ban on cryptocurrency adverts
amid a growing regulatory blacklash against the nascent market,
which frightened investors. In the last month Bitcoin has
dropped more than 26 per cent, its worst monthly performance
since January, 2015.
Chinese President Xi Jinping and British Prime Minister
Theresa May have agreed to hold a joint trade and investment
review in China, as the first step towards making a trade
agreement after Brexit. Xi has said China’s markets will be
further opened to the United Kingdom, including sectors such as
beef, dairy and other agricultural goods. May has said business
deals worth at least nine billion pounds are expected to be
signed during the trip.

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