Sri Lanka’s Economy Has ‘Collapsed,’ Prime Minister Says
The gloomy analysis comes as authorities hold talks with the IMF for an agreement for fresh funds to the bankrupt nation.
TOP
Jack Ma’s Ant to Apply for Key License as Soon as This Month
The People’s Bank of China intends to accept Ant’s application to become a financial holding company once it’s submitted and will then start a review process, which could take months, said the people, asking not to be identified discussing a private matter. Officials will examine Ant’s capital strength and business plans, as well as the … Read more
Death Toll From Powerful Afghanistan Earthquake Rises To 920
The eastern Paktika province was the worst hit, with at least 600 people having been reported injured so far.
Currencies Tumble In Asia Where Rate Hikes Are Slow To Come
The Philippine peso slumped to its lowest level in more than 16 years as the central bank’s preference for gradual rather than aggressive interest-rate hikes weighs on the currency.
Unilever CEO Has ‘No Idea’ How It Will Meet Full Net-Zero Target
Jope was outlining the challenges in meeting scope 3 goals, which the company has less influence over, by 2039.
Ray Dalio Says Reducing Inflation Will Come at Great Cost
While tightening leads to less consumer spending, which may reduce inflation, it does not make things better, the billionaire founder of Bridgewater Associates LP said. “It just shifts some of the squeezing of people via inflation to squeezing them via giving them less buying power,” Dalio added.
Stocks Surge After $ 2 Trillion Wipeout; Yields Up: Markets Wrap – BQ Prime
Stocks Surge After $ 2 Trillion Wipeout; Yields Up: Markets WrapBQ Prime
Stocks, US Futures Rise; Treasury Yields Advance: Markets Wrap
Track the global equity, currency & commodity markets here.
Disney’s ‘Lightyear’ Misses Estimates In Debut, Trails ‘Jurassic World’
The Walt Disney Co. and Pixar marked a rare miss at the box office this holiday weekend.
Bitcoin Holds Above $ 20,000 After Week of Forced Crypto Selling
Marcus Sotiriou, an analyst at GlobalBlock, pointed to the Glassnode data to say that “a macro bottom, or temporary bottom, could be close,” according to a note on Monday. Altcoins have not suffered the same “cascade in liquidations” as Bitcoin and Ether, which are the tokens primarily used as collateral for leveraged positions, he said.