International
1 year ago | March 30, 2023
Yen is Wall Street’s favourite trade
Bloomberg The yen is making a comeback as a preferred foreign-exchange haven, after banking crises in the US and ...
Investors pull US$1.6 billion from Binance after CFTC lawsuit
Reuters Investors withdrew US$1.6 billion of cryptocurrency from crypto exchange Binance since it was sued by the US ...
Juwi to start developing 1GW of SA projects in 2023
Bloomberg Juwi GmbH, a German renewable energy plant developer, plans to start developing 1 000 megawatts of wind, solar ...
1 year ago | March 29, 2023
Alibaba splits into six units that may pursue individual IPOs
Bloomberg Alibaba Group Holding plans to split its US$220 billion business into six main units encompassing e-commerce, ...
World Bank warns of ‘lost decade’ as potential growth slows
Bloomberg The global economy’s potential growth through the end of the decade has slowed to the weakest in 30 years, the ...
Coinbase calls for efforts to create inflation-proof stablecoins
Bloomberg US crypto exchange Coinbase Global encouraged developers working on its new blockchain to focus on how to ...
1 year ago | March 28, 2023
Deutsche Bank, UBS hit as bank fears spark stress signals
Reuters European banking stocks fell sharply on Friday, with Deutsche Bank and UBS knocked by worries that actions by ...
1 year ago | March 24, 2023
Why central banks are too powerful
Fifty years ago, a war broke out in the Middle East which resulted in a global oil embargo and a dramatic spike in ...
EU to propose clampdown on companies using fake ‘green’ claims
The European Commission wants to require companies in Europe to back up climate-friendly claims about their products ...
March madness: The banking crisis and your investments
Fifteen years ago, in March 2008, a storied name in US banking failed. The government-backed sale of Bear Sterns to ...
All eyes are on the other 4 200 US banks
The US Federal Reserve started to increase interest rates in March last year, and it was almost inevitable that banks ...
Falling lithium prices making electric cars more affordable
Lithium, the common ingredient in almost all electric-car batteries, has become so precious that it is often called ...
1 year ago | March 23, 2023
‘Nickel’ bought via London Metal Exchange was just bags of stones
Fin24.com Traders and clerks at work at the London Metal Exchange. (Photo by Paul Hackett/In Pictures via Getty Images ...
1 year ago | March 20, 2023
Bitcoin jumps to highest since June as rally gathers pace
Reuters Bitcoin hit a nine-month high on Tuesday, taking gains past 30 percent in four days as it shrugged off chaos in ...
1 year ago | March 17, 2023
Silicon Valley Bank collapse explained
Oghenerukevwe Odjugo The short story is: The bank failed due to a bank run. All depositors will be fine, but ...
SVB shockwaves rattle global banks in grip of contagion fears
Silicon Valley Bank’s collapse pressured global bank stocks further on Tuesday as investors fretted over the financial ...
Now that the Fed broke something, traders blow up rate-hike bets
One year after the Federal Reserve started frantically raising interest rates, the collapse of Silicon Valley Bank ...
BP economist warns against too much focus on decarbonisation
BP Plc’s chief US economist Michael Cohen said the oil industry focused too much on cutting greenhouse gases last year, ...
IMF approves first batch of climate resilience loans
Jamaica is the latest country to get IMF board approval for loans under the Resilience and Sustainability Trust (RST), ...
Moody’s puts first republic, five US banks on downgrade watch
Moody’s Investors Service placed First Republic Bank and five other US lenders on review for downgrade, the latest sign ...
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