Crypto Exchanges in ‘Existential Struggle’ Embrace Lending
Crypto exchanges seeking to bolster sagging revenues are stepping up lending, potentially seeding the market with fresh risks less than a year after the last major crisis.
Wall Street Strategists Sound Alarm on Worsening Profit Outlook
The outlook for earnings is weakening and could remain subdued, according to strategists from Morgan Stanley to JPMorgan Chase & Co.
KKR Makes Binding Offer to Buy Telecom Italia Fixed-Line Network
KKR & Co. submitted an offer for Telecom Italia SpA’s landline grid, even as the long-awaited binding bid excluded the heavily indebted company’s subsea cable unit and raised questions about possible delays. The shares fell in Milan.
KKR Makes Binding Offer to Buy Telecom Italia Fixed-Line Network
KKR & Co. submitted an offer for Telecom Italia SpA’s landline grid, even as the long-awaited binding bid excluded the heavily indebted company’s subsea cable unit and raised questions about possible delays. The shares fell in Milan.
Palestinian Envoy Urges China to Help End Israel-Hamas War
The Palestinian envoy to China called for Beijing to play a role in ending the Israel-Hamas war amid concerns of a wider conflict and rising humanitarian toll.
Canada Says No Sign India Tensions Are Impacting Military Ties
A top Canadian navy official said there’s no sign the diplomatic standoff between India and Canada over the killing of a Sikh separatist leader has impacted military-to-military cooperation between the two nations.
Oil Holds Near $90 With US Seeking to Contain Gaza Crisis
Brent oil was little changed near $90 a barrel, with Israel yet to launch its expected ground offensive into the Gaza Strip and the US ratcheting up efforts to prevent the crisis from becoming a full-blown, regional conflagration.
PBOC Offers Most Cash Support Since 2020 as Debt Sales Surge
(Bloomberg) — China’s central bank stepped up efforts to support the nation’s economic recovery and debt sales by delivering the largest cash injection since 2020 with one-year policy loans.Â
Weak China EV Makers’ Future Outlook to Become Even BleakerÂ
The future for two of China’s worst-selling electric-car companies just got even bleaker.
London Banker Bonuses Drop as Prolonged Deal Slump Takes Toll
Junior investment bankers in London received significantly smaller bonuses in 2023 as a prolonged slump in mergers and acquisitions and economic uncertainty dulled pay rewards across the board.