Chinese rush to buy Hong Kong insurance, dollars as confidence cracks, yuan weakens

Chinese investors are rushing offshore to make dollar deposits and buy Hong Kong insurance in a signal domestic confidence is languishing and that the ailing yuan faces more pressure.

newspaper

06-07-2023

Morgan Stanley cuts oil price forecasts, sees surplus in H1 2024

Morgan Stanley on Wednesday lowered its oil price forecasts, predicting a market surplus in the first half of 2024 with non-OPEC supply growing faster than demand next year.

newspaper

05-07-2023

China's choice of PBOC party chief signals financial stability worries

China's appointment of financial technocrat Pan Gongsheng to a top political post at the central bank points to growing concerns within the country's leadership over systemic risks in its sprawling financial sector, policy insiders and analysts said.

newspaper

04-07-2023

China to restrict exports of chipmaking materials as US mulls new curbs

China will control exports of some metals widely used in the semiconductor industry, its commerce ministry announced on Monday, the latest salvo in an escalating war over access to high-tech microchips between Beijing and the United States.

newspaper

04-07-2023

Exclusive-Microsoft faces EU antitrust probe after remedies fall short, sources say

BRUSSELS (Reuters) -Microsoft is likely to face a European Union antitrust investigation in the coming months after remedy discussions with the EU watchdog to avert such a move appear to have hit a roadblock, people familiar with the matter said.

newspaper

03-07-2023

US Supreme Court to decide legality of SEC in-house enforcement

The U.S. Supreme Court on Friday agreed to hear a bid by President Joe Biden's administration to defend certain Securities and Exchange Commission in-house enforcement proceedings in a case that could broadly undercut the power of federal agencies.

newspaper

30-06-2023

How hedge funds plan to trade the second half of 2023

For hedge funds, the second half of 2023 is all about pouncing on the ways in which inflation, aggressive rate hikes and decarbonisation are shaping the economy.

newspaper

30-06-2023

Chipmaker Wolfspeed secures $1.25 billion in debt funding led by Apollo Global

Wolfspeed said on Monday that a group led by Apollo Global Management would make a debt investment of $1.25 billion in the chipmaker, with room for an additional $750 million, to support its U.S. expansion.

newspaper

26-06-2023

Chipmaker Wolfspeed secures $1.25 billion in debt funding from Apollo Global

Wolfspeed said on Monday that a group led by Apollo Global Management would make a debt investment of $1.25 billion in the chipmaker, with room for an additional $750 million, to support its U.S. expansion.

newspaper

26-06-2023