China Bulls Are Stepping Back as Stocks Witness Renewed Selloff
Chinese equities are losing their bullish strategist calls after a key benchmark wiped out all its gains for the year earlier this week.
Chinese equities are losing their bullish strategist calls after a key benchmark wiped out all its gains for the year earlier this week.
UK Chancellor of the Exchequer Jeremy Hunt says he’s in favor of higher interest rates to tackle inflation, even if it causes a recession.
Switzerland’s Finance Minister Karin Keller-Sutter denied government responsibility for the near-collapse of Credit Suisse Group AG in March, and instead called the bank’s management “arsonists.”
Glencore Plc-backed agriculture trader Viterra is in talks to merge with US rival Bunge Ltd., one of the world’s largest crop merchants, according to people with knowledge of the matter.
Markets are largely in the green Friday but strategists warn there’s still a prospect US debt-ceiling negotiations break down over the weekend or result in draconian spending cuts that crimp global economic growth.
Pacific Investment Management Co. is considering joining hundreds of investors in challenging the Swiss regulator’s decision to wipe out about $17 billion of Credit Suisse Group AG bonds following the bank’s takeover by UBS Group AG.
Billionaire Mike Cannon-Brookes will revive a stalled A$30 billion ($20 billion) plan to export solar power from Australia to Singapore after acquiring the assets of the failed Sun Cable project.
Morgan Stanley is letting go of at least six managing directors, including some key China bankers, as part of broader job cuts in Asia where dealmaking has been stymied by growing China-US tensions and tepid economic growth.
Germany is at risk of a long, slow decline — with consequences for the whole of the EU
Nasdaq Inc. may be the coveted destination for tech companies looking to go public. But the exchange had to pull out all the stops to lure chip designer Arm Ltd., likely to be the largest initial public offering of the year.