Bitcoin’s Rival Ether Falters in Shadow of Elevated Treasury Yields
A key pillar of demand for Ether, the second-largest digital token, is weakening against a backdrop of elevated Treasury yields.
Bitcoin’s Rival Ether Falters in Shadow of Elevated Treasury Yields
A key pillar of demand for Ether, the second-largest digital token, is weakening against a backdrop of elevated Treasury yields.
Australia Confirms Chinese Firm’s Port Lease as Relations Thaw
Australia said that a Chinese firm can continue to lease the port of Darwin in the north of the country, the latest sign of the thaw in bilateral relations ahead of the expected visit to Beijing by Prime Minister Anthony Albanese.
Olive Oil Prices Weigh on Costs of Traditional Italy, Spain Food
(Bloomberg) — Olive oil prices continued to rise pushing up the cost of Italy and Spain’s top dishes even as headline inflation retreats across Europe.
Ex-PwC Partner at Heart of Australia Scandal Gets Eight-Year Ban
Former PwC Australia partner Peter Collins was banned by Australia’s markets regulator from providing financial services for eight years.
Evergrande Revises Restructuring Plan Before Liquidation Hearing
China Evergrande Group is revising the terms of its proposed restructuring plan and canceled so-called scheme sanction hearings, it said in a filing, adding further uncertainty to what would be one of the nation’s biggest ever restructurings.
UK’s Sunak Visits Egypt to Hold Talks on Israel-Hamas Conflict
UK Prime Minister Rishi Sunak will travel to Egypt on Friday as he urges leaders in the Middle East to avoid regional escalation of the Israel-Hamas conflict.
China Offers Record Cash Infusion to Keep Rates Low for Growth
China took a fresh step to ensure funding costs in its financial markets are sufficiently low so a tentative pickup in the nation’s economy can take hold.
Asia Stocks Decline, Treasuries Gain on Fed Bets: Markets Wrap
Asian stocks fell as volatility gripped global markets from an escalation in tensions in the Middle East, driving oil and gold to further advances.
Cricket World Cup Winners and Losers: Beyond the Games Week 2
Hosts India trounced Pakistan last weekend in Ahmedabad, maintaining an impressive record against their arch-rivals and an overall unbeaten streak in the tournament. Off the pitch, however, there were plenty of missteps. Here are this week’s winners and losers: