Apple Inc. Chief Executive Officer Tim Cook won backing from China’s commerce minister Wednesday for sharing the “dividends of the Chinese market” at a time when the company’s sales outlook in the world’s No. 2 economy has come under scrutiny.
Chile’s peso gained on Wednesday after the central bank said it will consider the currency’s “very important” depreciation at next week’s monetary policy meeting, in remarks interpreted as verbal intervention by analysts.
When billionaire investor Bill Ackman first proposed his riff on the SPAC — he wanted to slap an R in the middle of the acronym — few cared on Wall Street. This was mid-2021 and the SPAC market, where investors hand cash to a dealmaker hunting for a company to acquire, was just months removed from peak mania. So bankers weren’t too interested in contemplating a new flavor of SPAC that would add a layer of complexity.
Angst is spreading among holders of Argentina’s $65 billion in sovereign bonds ahead of Sunday’s presidential election, with nearly every scenario pointing to further investment losses.
Gold jumped to the highest level since the beginning of August as the intensifying conflict in the Middle East bolstered haven demand, with hopes for a diplomatic resolution deteriorating after a deadly explosion in Gaza.
Climate campaigner Greta Thunberg was charged by London police over Tuesday demonstrations around a major energy industry event in the city, where crowds of protesters had blocked several top oil executives from entering the venue.
Dan Och and a group of former executives of Sculptor Capital Management Inc. sued the hedge fund and proposed acquirer Rithm Capital Corp., saying the $676 million deal would shortchange investors in favor of protecting Sculptor Chief Executive Officer Jimmy Levin’s job.
ASML Holding NV orders plunged in the third quarter amid a sector-wide slump in the semiconductor industry that has left the company increasingly reliant on revenue from China.
The decline, though small, ‘makes us believe our approach works,’ according to the Net-Zero Asset Owner Alliance.
The Development Bank of Southern Africa is working with Transnet SOC Ltd. to help the embattled South African state ports and freight-rail operator prepare projects for private participation.
