About 13% of crypto hedge funds have shut down so far this year, as weak performance and difficulties in accessing banking services weighed on the industry, according to data tracked by Switzerland-based investment adviser 21e6 Capital AG.
(Bloomberg) — Argentina’s presidential hopeful Patricia Bullrich would seek greater support from the International Monetary Fund to untangle currency controls as soon as possible if elected this year, according to one of her top advisers.
China will send a delegation to international talks on how to end Russia’s war against Ukraine this weekend, a potentially significant step toward resolving the near 18-month long conflict.
OPEC+ signaled it will stay the course as group leader Saudi Arabia extends a production cut aimed at shoring up global oil markets.
Beef prices in Argentina are poised to soar over the coming months — fresh fuel for inflation already galloping at 116% annually in a country that eats the most red meat in the world.
A strong earnings season for technology companies is going largely unrewarded in a stock market that has already priced in a rosy outlook.
Societe Generale SA is exploring strategic options for its asset custodian unit, including a sale, as part a plan to boost its valuation by getting rid of poorly performing businesses.
Telus Corp. said it’s seeking to eliminate 6,000 jobs, or 6% of its workforce, after posting second-quarter profit that missed analysts estimates.
Russia expects to get a huge inflow of energy revenue by the end of this year despite an oil price cap imposed by Group of Seven nations, and may channel it toward spending as the government continues to pour resources into the war in Ukraine.
Atlassian Corp. rallied 19% after delivering a forecast for the new year that quelled investor anxieties over a slowdown in internet technology spending.
