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World Bank Cuts China’s Growth Outlook and Flags East Asia’s Slowest Expansion in Five Decades

The World Bank has made significant downward revisions to China’s growth outlook for 2024, reflecting concerns raised by a series of weak economic indicators. This adjustment, from the previously projected 4.8% in April to the current 4.4%, underscores mounting apprehensions regarding China’s economic slowdown and its potential ripple effects across Asia. China’s economy faces notable […]

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OneChronos Raises $40 Million in Series B Funding Round

In a groundbreaking development, OneChronos, a technology company specializing in harnessing cutting-edge auction theory and artificial intelligence (AI) to revolutionize financial markets, has announced the successful completion of its Series B investment round, securing an impressive $40 million in funding. This remarkable financing round was spearheaded by Addition, a move that has garnered significant attention […]

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Binance Exits Russia, Sells Business to Newly Launched Venture

Binance, the world’s largest cryptocurrency exchange, has announced its exit from the Russian market. The exchange plans to cease all exchange services and business operations in the country over the coming months. This move follows the sale of its assets to CommEX, a venture that emerged just a day ago, for an undisclosed sum. Unlike […]

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Oil Prices Surge, Approaching $100 a Barrel

Oil prices saw a substantial 3% surge, nearing $100 a barrel, hitting a fresh 10-month high on Wednesday. The rally was ignited by concerns over tightening global crude supplies, with lower-than-expected US stockpiles adding to the bullish sentiment. Brent crude, the international benchmark, reached as high as $97.06 per barrel, marking its highest intraday level […]

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DWS to Pay $25 Million to Settle US Securities Regulator’s Greenwashing Investigation

In a landmark development, DWS, the German asset manager majority-owned by Deutsche Bank, has agreed to pay a substantial $25 million to resolve two separate enforcement actions brought by the United States Securities and Exchange Commission (SEC). These actions are the culmination of a more than two-year-long investigation into allegations of greenwashing, which have cast […]

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Hedge Funds Reverse Bets on UK Government Bonds Amidst Bank of England Rate Pause

In a dramatic shift, hedge funds are scrambling to unwind their bets against Britain’s £2.5tn government bond market. This comes as growing investor consensus suggests that the Bank of England (BoE) is nearing the conclusion of its rate hiking campaign. The latest data from S&P Global Market Intelligence reveals that the total value of UK […]

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Bond Yields Surge, Fed Signals Continued Rate Hikes

In a rapid shift, 30-year bond yields have soared over 30 basis points in just one week, reaching a 12-year high at 4.6840%. Meanwhile, the 10-year real, inflation-adjusted yield has surged by 26 basis points to 4.50%, its highest level since 2009. This upward movement in yields is narrowing the deeply-inverted 2-to-10-year yield gap, which […]

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Italy Takes Steps to Revamp Capital Markets Amid Corporate Exodus

Italy, plagued by a series of high-profile departures of major corporations relocating their listings and headquarters abroad, is making a bold move to reverse the trend. The Italian government is on the verge of approving a long-awaited package of measures aimed at revitalizing its capital market, catering to local businesses’ needs. The proposed measures include […]

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Global Money Market Funds See $1 Trillion Inflows in 2023 Amid Economic Uncertainty

Investors have poured a staggering $1 trillion into global money market funds in 2023, lured by the best yields available in years and growing uncertainty surrounding the US economy. This torrent of capital flowing into money market funds, primarily concentrated in the United States, sets these investment vehicles on a trajectory to receive record-breaking inflows […]

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Credit Suisse and Bank of America Bonds Under Scrutiny Following ICMA’s New Guidelines

In a startling development, bond deals orchestrated by Credit Suisse and Bank of America Corp. linked to debt swaps for emerging-market issuers are facing renewed scrutiny. This comes after the International Capital Market Association (ICMA) issued fresh labeling guidelines, casting a shadow of doubt over their previous transactions. These bonds, sold over recent years to […]

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