The Hong Kong shares of Baidu plunged on Monday, wiping $2.4 billion off its market value, after the founder of the Chinese search engine giant was not spotted at a rare meeting between President Xi Jinping and corporate leaders. Xi […]
hey raised 4 billion yen (around $26.39 million) by issuing ordinary bonds to EVO Fund, a debt and financing solutions provider, adding more than 260 Bitcoin to their growing stack. With this capital, Metaplanet purchased 269.43 additional Bitcoins, bringing its […]
Diamondback Energy is on track to announce a major acquisition in the Permian this week, boosting its presence there with the takeover of Double Eagle, which could be worth $5 billion. For Diamondback, this would be the second major deal […]
Currently, the company meets all eligibility requirements except one: achieving positive GAAP net income over the trailing 12 months (the most recent four quarters combined). To qualify, Q1 2025 earnings must be high enough to offset losses from the previous […]
The strong US economy has left distressed debt investors starved of opportunity but that may be about to change, according to veteran high-yield analyst Marty Fridson. The latest Federal Reserve survey of senior loan officers showed banks raising standards by […]
Borrowers who got home loans through government-backed programs are increasingly falling behind on their payments, a potentially worrying signal for how lower-income Americans are faring in today’s economy. Delinquency rates on Federal Housing Administration and Veterans Affairs loans reached 11.03% […]
For more than two years, Wall Street has been a stomping ground for the bulls. Since the curtain opened for 2023, the mature stock-powered Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth-inspired Nasdaq Composite (NASDAQINDEX: ^IXIC) have respectively rocketed higher by 34%, […]
The arrival of the Chinese artificial intelligence (AI) tool DeepSeek has reignited conversations about technological governance. This month’s AI Action Summit in Paris, France was attended by global leaders like European Commission President Ursula von der Leyen, French President Emmanuel Macron and Indian Prime Minister Narendra Modi. Among them, […]
The People’s Bank of China (PBOC) completed the tender of 60 billion yuan (US$8.2 billion) worth of central bank bills in Hong Kong on Friday, marking the second time this year it has used the policy tool to stabilise the […]
State-backed developer Greentown China said it would issue a US$350 million bond to help refinance its existing borrowings, the first major issuance of dollar-denominated debt by a mainland property firm since early 2022. The three-year notes issued by the Hangzhou-based company have […]
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