Country Garden Proposes Deal to Reduce Offshore Debt by $11.6 Billion
The Chinese property development company Country Garden has proposed to its offshore creditors the deal, which will reduce the debt of this firm by $11.6 billion.
Finance & Economics - page 3
China Orders Miners to Report More of Their Overseas Reserves
Beijing has ordered Chinese investors in foreign mining projects to report on their proven and prospective reserves of crucial minerals.
Fed’s Susan Collins Supports Gradual Approach to Rate Cuts
Federal Reserve Bank of Boston President Susan Collins said on Thursday, January 9, that significant uncertainty about the outlook requires the United States financial regulator to take a cautious approach in the context of making decisions about cutting interest rates.
US Weekly Jobless Claims Fall
The number of Americans filing new applications for unemployment benefits dropped to an 11-month low last week.
Fed’s Christopher Waller Supports Further Cuts
Federal Reserve Governor Christopher Waller said he believes inflation will continue to cool towards the United States central bank’s 2% target.
Israel Cyber Companies Raise $4 Billion
In 2024 Israeli cybersecurity companies raised investments, which totaled $4 billion and more than doubled the figure recorded in 2023.
US Trade Deficit Increases
In November, an increase in the trade deficit was recorded in the United States.
AI Startups Drive VC Funding Resurgence
According to data that was published by PitchBook on Tuesday, January 7, artificial intelligence startups have made significant contributions to the recovery of United States venture capital funding from market lows.
JPMorgan Chase Quits Net-Zero Banking Alliance
On Tuesday, January 7, JPMorgan Chase announced that it was leaving the Net-Zero Banking Alliance.
UK’s Long-Term Borrowing Costs Demonstrate Growth
On Tuesday, January 7, in the United Kingdom, the cost of borrowing showed an increase after the auction of 30-year Treasury gilts brought yields on the long-term bonds reached the highest level in almost three decades.
UK Companies Plan Price Rises
The results of a survey by the British Chambers of Commerce showed that companies in the United Kingdom are currently planning to raise prices to cover higher tax payouts as business confidence has fallen to its lowest level since the fall of 2022 when the market was faced with a shock factor such as a […]
Wall Street Reportedly Prepares to Private Equity-Fueled IPO Revival
The media reported that Wall Street banks are currently preparing for a rebound related to private equity companies turning to the equities markets to offload some of their high-profile holdings.
German Inflation Demonstrates Growth
In Germany, inflation showed an increase in December which turned out to be higher compared to the initial expectations regarding the intensity of the dynamic of this indicator.
Indian Startup Funding Witnesses 20% Growth
In 2024, the Indian startup ecosystem recovered strongly, with funding exceeding $12 billion across 993 deals.
Joe Biden Blocks Sale of U.S. Steel to Japan’s Nippon Steel
President of the United States Joe Biden on Friday, January 3, officially blocked Nippon Steel’s proposed purchase of U.S. Steel in the framework of the deal worth $14.9 million.
Tesla Shares Fall Amid First Drop in Annual Deliveries
Last Thursday, January 2, Tesla published a report on the production and deliveries of vehicles for the fourth quarter of 2024 and the entire last year.
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