Brazil Hedge Funds Go Global, Helping Drive Profits for Wall Street Banks
Goldman Sachs Group Inc., UBS Group AG and Deutsche Bank AG are among banks profiting as the growth of Brazilian hedge funds forces them to look overseas to fuel returns.
Bloomberg Business
Binance Hit by Crypto Outflows as FTX’s Fall Shakes Exchanges
Binance Holdings Ltd., the dominant cryptocurrency exchange, has been hit by large outflows as traders move to take custody of their tokens amid revelations that rival FTX may have misused customer funds before its November implosion.
Europe Reaches Historic Deal to Put Pollution Price on Imports
European Union policy makers reached a landmark deal Tuesday to impose an emissions price on some imports from third countries in an attempt to ensure a level playing field for the bloc’s industries during an unprecedented green overhaul.
India Confirms First Border Clash With China Since 2020
Indian and Chinese troops clashed in the northeast Indian border state of Arunachal Pradesh last week, India’s Defense Minister Rajnath Singh told Parliament, officially confirming the first such encounter between the neighbors in about two years.
Shorts Eye More Gains After Reaping $50 Billion From Big Tech in 2022
Short sellers have reaped almost $50 billion of gains this year from betting against some of the biggest technology companies, and some bears see further profits in 2023.
BHP-Backed Lifezone Takes Over GoGreen in Metals Climate Push
BHP Group-backed Lifezone Metals Ltd. is taking over a blank check company to gain a New York listing as it develops metal-processing technology that cuts carbon emissions.
A Massive Gas Leak in Pennsylvania is Adding to Climate Scrutiny
The 13-day release from an Equitrans storage well effectively erased the emissions gains from about half the EVs that were sold in the US last year.
Switzerland Cuts Growth Forecast, More Upbeat on Inflation
Switzerland cut its growth forecast for next year again, but sees inflation slowing.
Global Debt Market Lost at Least $75 Billion of Business in 2022
More debt financing was canceled or postponed globally in 2022 than even during the tumultuous pandemic period.
China to Set Economic Plans While Pivoting From Covid Zero
China’s abrupt ending of Covid Zero injects more uncertainty into an already fragile economy, raising the prospect of looser fiscal and monetary policy and more easing in the property market to bolster growth.
