Author: FX

© Reuters. People look at the skyline of the central business district (CBD), on the day of the opening session of the National People’s Congress (NPC), during a hazy day in Beijing, China, March 5, 2021. REUTERS/Thomas Peter/File photo By Andrew Hayley and Ethan Wang BEIJING (Reuters) -China’s State Council issued guidelines on Sunday that it said would further optimize the country’s foreign investment environment and attract more foreign investment. The State Council said in a document containing 24 guidelines that authorities should increase protection of the rights and interests of foreign investors, including strengthening enforcement of intellectual property rights.…

UPCOMING EVENTS:Tuesday: PBoC MLF, Australia Wage Price Index, China Industrial Production, UK Jobs Report, German ZEW, US Retail Sales, Canada CPI, NAHB Housing Market Index.Wednesday: RBNZ Policy Decision, UK CPI, FOMC Meeting Minutes.Thursday: Australia Jobs Report, US Jobless Claims.Friday: Japan CPI, UK Retail Sales.TuesdayThe PBoC is expected to keep the MLF rate unchanged. Chinese authorities recently promised more policy support though and that included RRR cuts, OMO, and rate cuts from the PBoC. The Chinese economic data has been ugly, and the country recently slipped into deflation, so it’s common sense to expect more support. The other side of the…

© Reuters. The logo of Credit Suisse is seen outside its office building in Hong Kong, China, August 8, 2023. REUTERS/Tyrone Siu (Reuters) – Retail investors who lost money when Credit Suisse was taken over by UBS in March plan to file a lawsuit challenging the buyout, the Financial Times reported on Sunday. The Swiss Investor Protection Association plans to file the claim in Zurich’s commercial court on Monday on behalf of about 500 Credit Suisse equity investors, the newspaper said. Source link

AerialPerspective Works Electric companies pushed back this week against the Biden administration’s proposed rules to cut carbon emissions from power plants, arguing the plan relies on costly, unreliable technology that is not “legally or technically sound.” Four of the largest U.S. grid operators – the 13-state PJM Interconnection, the the 15-state Midcontinent ISO, 15-state Southwest Power Pool, and the Electric Reliability Council of Texas – expressed alarm with the Environmental Protection Agency’s proposed requirements in joint comments submitted this week. The operators warned the proposed rule “could result in material, adverse impacts to the reliability of the power grid,” particularly…

RgStudio British electric van maker Arrival (NASDAQ:ARVL) has hired adviser Alvarez & Marsal as it considers a range of restructuring options, including a possible bankruptcy. At least one fund is said to have reached out to Arrival (ARVL) in recent weeks to propose a capital injection, although it wasn’t known whether any proposal would happen before the EV company may run out of cash, according to a Sky News report on Saturday, which cited city sources. The report comes after Arrival, whose shares have plunged 75% this year, said last month that it had agreed to end its merger with…

© Reuters. FILE PHOTO: Ukrainian service members install a national flag on Snake (Zmiinyi) Island, as Russia’s attack on Ukraine continues, in Odesa region, Ukraine, in this handout picture released July 7, 2022. Press service of the Ukrainian Armed Forces/Handout KYIV (Reuters) – Ukrainian border guards placed a new sign on Snake Island this weekend, recalling the early hours of Russia’s invasion when a comrade on the strategic Black Sea outcrop used a choice phrase to refuse to surrender to a warship. “The next border sign will be installed in our Ukrainian Crimea after its liberation by the defence forces…

(Reuters) – Ukraine’s military said in a regular update of fighting and casualties on Saturday that its forces had made progress near Robotyne on the front line in the southern Zaporizhzhia region. The General Staff of the Armed Forces of Ukraine also said children were among dead or wounded civilians following a day in which Russians launched six rockets and 36 air strikes and fired 32 rocket salvo fire systems at populated areas and Ukrainian troop positions. It said 33 combat clashes had taken place and noted that Ukraine’s defence forces continued an offensive operation in Melitopol and Berdyansk directions.…

Mireya Acierto/Getty Images Entertainment Wheels Up (NYSE:UP) is in discussions with lenders about a debt restructuring while exploring other options to try to avoid a bankruptcy filing. The on-demand private jet company has recently started talks with Bain Capital and MSD Capital, large holders of more than $260 million in equipment financing notes, according to a WSJ report on Friday, which cited people familiar with the matter. The report comes after Wheels Up (UP) on Wednesday that there is “substantial doubt” about its ability to continue as a “going concern” and announced it was unable to file its Q2 results,…

Vertigo3d As earnings season winds down, there has been a notable pullback in some of the tech sector’s biggest companies, including Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT), both of which have lost ground over the past month. While the broader indexes continue to chop around, it’s likely any pullback in tech will be “short lived,” with artificial intelligence likely leading stocks higher, Wedbush Securities said. Analyst Dan Ives reiterated his call from earlier in the year that tech stocks will add another 12% to 15% before the end of the year, citing his opinion of a new bull market, aided by…

Curve Finance, a decentralized finance (DeFi) platform for lending stablecoins, has officially stated its intention to reimburse users who were impacted by the recent breach resulting in a $62 million loss from the system. According to a post by Curve Finance, ongoing investigations are yielding progress, with approximately 79% of the funds successfully recuperated. The platform further emphasizes its current priority, which revolves around assessing the proportional portions of each impacted user. Continue Reading on Coin Telegraph Source link