YouTube Archegos is preparing for insolvency as banks seek to recoup losses suffered during the meltdown, the Financial Times reported Wednesday. The family office has reportedly hired restructuring advisers to
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China urges 'basic manners' after Philippine foreign secretary slams Beijing in blunt tweet
Chinese Foreign Ministry Spokesman Wang Wenbin in a Tuesday statement urged the Philippines for "basic manners" and cautioned against "megaphone diplomacy." Philippine Secretary of Foreign Affairs Teodoro Locsin Jr. tweeted
Continue reading »Amazon crushes earnings as Jeff Bezos prepares to leave
More On: amazon US regulator says Amazon’s union victory in Alabama could be overturned When to order Mother’s Day 2021 gifts to ensure on-time delivery Let’s break our Amazon addiction
Continue reading »Bitcoin is failing as digital gold due to its massive energy use and competition from ether, Goldman Sachs says | Currency News | Financial and Business News
OLGA MALTSEVA/AFP via Getty Images) Bitcoin cannot yet be seen as digital gold, Goldman Sachs analysts said Wednesday. They cited its massive energy use and competition from other assets as
Continue reading »Bitcoin drops below $50,000 as Biden eyes capital gains tax hike
More On: bitcoin Venmo will now let customers buy and sell cryptocurrencies Coinbase stock surges in debut, valuing crypto exchange at $100 billion Dogecoin price soars to record high amid
Continue reading »Global stocks trade mixed as investors focus on economic recovery, despite mounting concerns about new COVID-19 variants
Brendan McDermid/Reuters Global stocks edged higher on Monday ahead of another week of the earnings season. Anthony Fauci predicted a regulatory decision on J&J's vaccine will be made by Friday.
Continue reading »JPMorgan profit surges as bank releases cash set aside for bad loans
Archegos blowout could cost global banks billions: JP Morgan FOX Business’ Susan Li on Archegos Capital blow out JPMorgan Chase & Co. reported first-quarter profit spiked nearly 400% after the
Continue reading »IMF warns of a weaker economic recovery in Southeast Asia as Covid restrictions linger
The International Monetary Fund expects Indonesia, Malaysia, the Philippines, Thailand and Vietnam to collectively grow by 4.9% in 2021, down from its previous projection of 5.2%. The downgrade came even
Continue reading »Steyn warns of China's aspirations for global dominance: They've reduced America to 'cheap, service economy'
Mark Steyn examines US reliance on China ‘Fox News Primetime’ host discusses China’s aspirations for global dominance In his “Fox News Primetime” monologue on Wednesday, Mark Steyn warned that China
Continue reading »Asia’s worst stock market last year is now one of the region’s top performers
Singapore's benchmark Straits Times Index has climbed around 12.2% so far this year to become one of Asia's top performers. The STI ended 2020 as the worst performer in Asia
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