Shares of Evergrande have been suspended, Hong Kong’s exchange announced Thursday. The chairman of the embattled Chinese real estate developer has reportedly been placed under surveillance, according to Bloomberg News. Evergrande shares last closed at 32 Hong Kong cents on Wednesday. This is not the first time that Evergrande’s shares have been suspended. Trading was
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. France is exploring ways to cap national electricity prices without falling foul of EU subsidy rules, including a possible windfall levy to deliver President Emmanuel Macron’s pledge to “take back control” of prices. One option
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article is an on-site version of the newsletter. Sign up here to get the newsletter sent to your inbox every Tuesday
Pull your sats out of Minecraft now Back in our July edition, we announced Satlantis, an independent Minecraft server run by the game’s fans, enabled players to earn Bitcoin by completing in-game quests using play-to-earn functionalities. We noted Minecraft developer Mojang’s previous NFT ban and concluded, “Time will show how this integration fairs against the
After selling off late last week and at the start of the week, the municipal market continued to weaken but with smaller cuts to AAA scales amid an active primary market. U.S. Treasury yields rose, and equities ended mixed. The two-year muni-to-Treasury ratio Wednesday was at 70%, the three-year was at 70%, the five-year at
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, September 26, 2023. Brendan McDermid | Reuters A majority of Wall Street investors didn’t take solace in stocks’ 2023 gains, thinking the market could retreat further as risk for a recession creeps up, according to the new CNBC Delivering Alpha investor
Billions of dollars in tax incentives are under scrutiny in Georgia this legislative offseason. In the three months since the state legislature adjourned for 2023, the General Assembly’s Joint Tax Credit Review Panel has met three times in the city of Rome to evaluate the effectiveness of wide-ranging tax incentives that have helped fuel the
Bitcoin (BTC) managed to stay above the $26,000 level even as the S&P 500 tumbled to a three-month low and the US dollar index (DXY) rose to a new year-to-date high. This is a mildly positive sign as it shows a lack of aggressive selling at lower levels. Bitcoin remains stuck inside a range and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Binance, the world’s biggest cryptocurrency exchange, is exiting Russia by selling its business in the country to a venue that launched only a day ago. Binance on Wednesday said it intends to cease all exchange
Vanya Duke of York’s Theatre, London Andrew Scott in ‘Vanya’ © Marc Brenner Andrew Scott plays eight characters in this stunning solo version of Chekhov’s great Uncle Vanya. But there’s one he can’t play: Sonia’s mother Anna. She died nine years before the play opens — we learn that right at the outset. Yet she
SEC Chair Gary Gensler participates in a meeting of the Financial Stability Oversight Council at the U.S. Treasury in Washington, D.C., July 28, 2023. Kevin Dietsch | etty Images Securities and Exchange Commission Chair Gary Gensler is testifying before the House Financial Services Committee today. It will be very much like his testimony two weeks ago
In this article CHPT COST RIVN XPO Follow your favorite stocksCREATE FREE ACCOUNT The Levi Strauss & Co. label is seen on jeans in a store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. Andrew Kelly | Reuters Check out the companies making headlines in premarket trading. Sirius
It’s been more than a decade since 850,000 BTC went missing from Mt. Gox, yet the collapse of the former exchange remains one of the most infamous black swan events of the cryptocurrency ecosystem. While creditors of the defunct exchange are edging closer to some form of restitution, Mt. Gox’s demise ended up playing an
Skyscrapers in the Canary Wharf financial, business and shopping district in London, UK. Bloomberg | Bloomberg | Getty Images LONDON — London’s office market is in a “rental recession,” according to financial services company Jeffries, who reported that vacancies in the capital’s business hub had hit a 30-year high. Jeffries analysts estimated there had been
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bridge is a game of levels: is a play not made in error or can a negative inference be drawn? On this deal, both defenders were good enough to occlude a key position, but only
David Potts is to step down after nine years in charge of Morrisons © Free for editorial use Morrisons chief David Potts is standing down after nine years at the helm of one of the UK’s largest supermarket chains. He will be replaced next month by Rami Baitiéh, previously the chief executive of Carrefour France.
A Bitcoin proponent’s recent attempt to crypto trade his way from New York to Alaska has come to a sudden and bitter end — some 900 miles from his final destination. Thomas Kralow, a crypto trader and educator recently set himself the daring task of traveling from one side of the United States to the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chief economist at German bank LBBW Little can increase a government’s financing needs like a war. Unsurprisingly, Ukraine’s public finances are just one of the countless victims of the past 18 months.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This is not a great year to be in the business of insuring satellites and rockets. In recent months, the California-based Viasat has announced malfunctions in two of its most eagerly anticipated satellites: Viasat-3, which
David Potts is to step down after nine years in charge of Morrisons © Free for editorial use Morrisons chief David Potts is standing down after nine years at the helm of one of the UK’s largest supermarket chains. He will be replaced next month by Rami Baitiéh, previously the chief executive of Carrefour France.