Opinion | Danger signals from an esoteric corner of finance

King dollar is rising. Other currencies are falling like ninepins. But to gauge the impact of this surge on Asia, you have to move beyond spot exchange rates and into an esoteric corner where tens of trillions of dollars of off-balance-sheet debt lives in the accounting footnotes of banks, investors and even central banks. That corner is currency swaps. These are deals in which parties exchange funds from one currency into another and reverse the trade, say, five years later. Every three or six months, each earns a benchmark money-market…

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Indeed expansion signals rise of technology jobs in southwestern Connecticut

Southwestern Connecticut’s economy is programmed to grow its technology sector for years to come, according to industry experts. Job-search giant Indeed’s recent announcement that it would increase its Stamford contingent by some 500 people in the coming years represents a milestone for the local economy. Many see the company’s expansion as proof the area is developing into a top destination for technology talent and that Indeed’s plans speak not only to its own success but the potential for other firms in the field. “Any time a large tech company is…

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Nintendo signals end for Wii U

Nintendo has signalled the “end of life” for its Wii U games console, which was first released in 2012. Reggie Fils-Aime, president of Nintendo America, told Polygon that Legend of Zelda: Breath of the Wild would be the company’s final game for the device. “We really are at the end of life for Wii U,” he said. The Wii U struggled to match the success of the original Wii device. It will be succeeded by the Nintendo Switch console in March. Legend of Zelda: Breath of the Wild – the…

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