Tag Archives: Finance

Bloomberg Biden Team Eyes Potential Threat From China’s Digital Yuan (Bloomberg) — The Biden administration is stepping up scrutiny of China’s plans for a digital yuan, with some officials concerned the move could kick off a long-term bid to topple the dollar as the world’s dominant reserve currency, according to people familiar with the matter.Now that China’s digital-currency efforts are gathering momentum, officials at the Treasury, State Department, Pentagon and National Security… Source link

Bloomberg LG, SK Reach $1.8 Billion Settlement to End EV Battery Spat (Bloomberg) — Two South Korean electric-vehicle battery makers reached a last-minute settlement in a bitter U.S. trade dispute, sparing President Joe Biden from choosing between undermining intellectual property rights or dealing a politically toxic blow to his climate agenda.SK Innovation Co. agreed to pay 2 trillion won ($1.8 billion) to LG Energy Solution, a unit of LG Chem Ltd., according to a statement from the two… Source link

Bloomberg Watch U.S. Inflation for Hidden Price Momentum: Eco Week Ahead (Bloomberg) — A flurry of U.S. economic reports this week may signal the underlying strength of growth and inflation pressures as the country’s thaw from the coronavirus crisis begins to spread.One of the most-watched reports will be the consumer price index, with March data likely to show a heady acceleration from last year’s pandemic conditions. Economists may zero in on the monthly change to gauge momentum… Source link

Bloomberg WHO Sees Pandemic on Wrong Path; Korean Wave: Virus Update (Bloomberg) — The pandemic is on the wrong trajectory after six straight weeks of increased cases, according to a World Health Organization officer, who said “vaccines will not end the pandemic.”South Korea’s president will hold an urgent meeting on Monday with the country’s top health officials, Yonhap News reported, after authorities warned the country is in the early stage of another wave of infections. Pfizer… Source link

Bloomberg Credit Suisse’s New Chairman to Decide If a Deal Is the Answer (Bloomberg) — The damage control work at Credit Suisse Group AG from a pair of disasters that stunned the banking world will soon give way to the question of how the 165-year-old institution will rehabilitate its business and reputation.A new chairman, Lloyds Banking Group Plc chief Antonio Horta-Osorio, arrives in three weeks, to begin the search for answers after the fiascoes involving Archegos Capital Management, a… Source link

Bloomberg Canada Dollar Looks to Extend Outperformance Deeper Into 2021 (Bloomberg) — Already one of the best-performing major currencies this year, Canada’s dollar looks poised to become a market favorite for all of 2021.At the heart of the loonie’s broad gains are demand for the country’s abundant natural resources, attractive yields and proximity to the U.S., where vaccination rollouts and infrastructure spending are seen helping Canada’s biggest export market regain its… Source link

Bloomberg God and Man Collide in Bill Hwang’s Dueling Lives on Wall Street (Bloomberg) — With the sun rising outside their conference room in Midtown Manhattan, the visitors to a secretive investment empire bent their heads in prayerful meditation.It was another Friday morning, 7 o’clock, and a familiar scene was unfolding again inside Archegos Capital Management, an obscure family office that would go on to shake the financial world.In the days before the pandemic, 20 or 30 people would… Source link

GlobeNewswire Global Halal Cosmetics Market to Garner $54.16 Billion by 2022: Allied Market Research Rise in the Muslim population, increase in compliance of halal certification, and boom in the halal market have boosted the growth of the global halal cosmetics market. The market across LAMEA held the lion’s share in 2016, accounting for more than two-fifths of the market. As most of the companies adopted work from home culture, the demand for cosmetics decreased during the… Source link

The Conversation White mobs rioted in Washington in 1848 to defend slaveholders’ rights after 76 Black enslaved people staged an unsuccessful mass escape on a boat An abolitionist lithograph of the slave trade in Washington, D.C., with the U.S. Capitol in the background. Library of CongressThe summer of 2020 was not the first time America saw protests and violence over the treatment of African Americans. An account on April 19, 1848, of the Pearl’s capture appearing in The Daily Union… Source link

GlobeNewswire The 10 Dubsado Specialists to Watch in 2021 Boost Media Agency The 10 Dubsado Specialists New York, New York, April 01, 2021 (GLOBE NEWSWIRE) — Workflow and automation are perhaps the buzzwords of the decade. With more and more business owners looking to automate as much of their business processes as possible, in order to free up their time and run their operations as smoothly as possible. One such platform that has made this easier than ever, is Dubsado. However, most people… Source link