China’s Country Garden Secures Approval from Creditors to Extend Repayment of Yuan-denominated Bonds
China’s Country Garden Receives Approval to Extend Repayment of Yuan-Denominated Bonds Thursday, 2nd September 2023 Country Garden, a troubled real estate developer in China, has obtained consent from its creditors to extend the repayment period for its yuan-denominated bonds, according to sources familiar with the matter. The announcement was made today, providing a temporary sense […]
Private Equity Firm Roke Capital to Acquire Subway in Conditional $9.55 Billion Deal
Roke Capital to Acquire Subway in $9.55 Billion Deal New York, 2021 – In a significant development, private equity firm Roke Capital has announced its plan to acquire the renowned American sandwich chain, Subway, for a staggering $9.55 billion. Under the terms of the acquisition, the deal will be executed as an earn-out, whereby the […]
Chinese Premier Li Qiang acknowledges challenges in US-China bilateral relations and trade cooperation
Chinese Premier Li Qiang Expresses Concerns About US-China Bilateral Relations and Economic Cooperation Beijing, January 21, 2023 During a meeting on Monday with senior officials from the United States-China Business Council (USCBC) delegation, Chinese Premier Li Qiang raised concerns about the current state of bilateral relations and economic and trade cooperation between the United States […]
Resilience of US Economy in Question as S&P 500 Struggles to Follow Higher
S&P 500 Struggles as Investors Question US Economy’s Resilience Investors are increasingly skeptical about the long-term strength of the US economy, making it difficult for the S&P 500 to continue its upward trajectory, according to equity strategists at Morgan Stanley. The S&P 500 has recorded a modest 14% gain this year, prompting concerns among investors […]
Diplomatic Conflict Arises Over China’s Proposed Embassy near Tower of London
Rewrite text LONDON (Reuters) – China’s plans to build a new embassy next to the Tower of London have turned into a diplomatic issue, but it all started with a local dispute. The municipalities of this area within the city of London, the second largest power in the world, turned against them and blocked the […]
Mainland Banks Plunge on Goldman Sachs Downgrade
Mainland Banks Plummet on Hong Kong Stock Market Shanghai/Hong Kong – In a significant development, mainland banks experienced a sharp decline in the Hong Kong stock market on Thursday. The cause for concern was sparked by Goldman Sachs’ decision to downgrade its investment positions regarding Agricultural Bank of China and several others. On the 5th […]
SBI Holdings Collaborates with PSMC to Establish Semiconductor Factory in Japan
In a significant development, SBI Holdings witnessed a surge in its stock value, remaining over 2% higher than the previous trading day. The financial giant has recently announced its collaboration with Taiwan-based semiconductor foundry, PSMC, to establish a preparatory company for a state-of-the-art semiconductor factory in Japan. Setting the Stage for Technological Advancement With this […]
Fund allocation to stocks, lowest level in 5 months = BofA survey | Reuters
Global fund managers’ allocations to equities fell to five months, according to a Bank of America (BofA) survey released on Monday. Picture taken in March 2022 (2023 REUTERS/Brendan McDermid) LONDON (Reuters) – Global fund managers’ allocations to equities fell to a five-month low, according to a Bank of America (BofA) survey released on Monday. The […]
Hedge funds move from European stocks to Japanese and US stocks = major US financial firms | Reuters
Hedge funds shifted their investments from European stocks to US and Japanese stocks last week, according to memos to clients from JPMorgan Chase & Co., Morgan Stanley and Goldman Sachs & Co. REUTERS/Andrew Kelly/Reuters LONDON (Reuters) – Hedge funds shifted their investments from European stocks to U.S. and Japanese stocks last week, according to a […]
Battle over US debt ceiling could have serious consequences City CEO warns | Reuters
Citigroup Chief Executive Jane Fraser said on Wednesday that a battle between the ruling and opposition parties over the US debt ceiling could have serious consequences and was “more worrying” than similar situations in the past have shown. May 2009 (2023 REUTERS/John Gress) [ビバリーヒルズ １日 ロイター] – Citigroup Chief Executive Jane Fraser said on Wednesday […]
