China has said it “firmly opposes” any forced sale of TikTok, and in 2020 rolled out new export controls designed to give Beijing the power to sign off on any sale or divestiture. Foreign ministry spokesperson Wang Wenbin said on Thursday that the US had shown a “robber’s logic” towa...
“I had high expectations, and this vastly surpassed them,” said James Seyffart, a research analyst with Bloomberg Intelligence. “Demand is being pulled forward much quicker.” Seyffart said bitcoin had become more secure since the January ETF launches. “The probability that this goes to zero...
The Sterling pound, on the other hand, weakened a marginal 1.3 percent against the Kenyan currency, with a unit priced at Sh145.80 on average compared with Sh150.85 in the prior year. Kenya sells more than it buys from most of its major trade partners in Europe, meaning local exporters wer...
These were: further declines in the cost of solar photovoltaics, meaning that more capacity could be installed for the same price; the strength of the US currency, reducing the dollar value of non-dollar investment; the continued weakness of the European economy, formerly...
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The regional lender also appointed a new chief executive, Joseph Otting, a former head of the Office of the Comptroller of the Currency in the Donald Trump Administration. Mnuchin is also joining the bank’s board. NYCB’s shares plunged more than 40 per cent on Wednesday, before being halte...
Bankers and energy traders are now warning that supply shortages could loom in the shorter term as a result of the aversion to new investment by major oil companies, meaning a potential escalation in oil prices. This in turn would hinder consumer nations — such as those in Asia and Africa ...
The sector’s vulnerability stems from the fast rate at which shale production declines, meaning new wells must constantly be drilled to replace fast-falling output at other ones. “You’re on a capital treadmill just to maintain your production and that treadmill moves very fast,” said Scott...
China’s renminbi lost 1 per cent to 6.78 per dollar, in the latest sign that Beijing authorities are permitting the tightly controlled currency to weaken to stimulate flagging demand for the nation’s exports. In bond markets, the 10-year Treasury yield fell by 0.04 percentage points to 2.87...