(Bloomberg) Wide spreads and low trading volume have been reported on China Huarong Asset Management Co. onshore bonds. On Tuesday 11 a.m. traders failed to agree on the price of…
(Bank of England) The Bank of England is evaluating the option of establishing its digital currency to complement the existing banknotes. The final decision has not been made on whether…
(WSJ) Jeff Bezos has hinted at boarding the first flight into space next month via Amazon’s space-travel company, Blue Origin. The space flight launch will occur on July 20 from…
(WSJ) Three companies that include Blackstone Group Inc. have agreed to acquire Medline Industries Inc. The deal values the target at more than $30 billion. Analysts see the acquisition of…
(Bloomberg) U.S Treasury Secretary Janet Yellen expects a potential higher interest rate to be good for the economy. The calls back President Biden’s $4 trillion spending plan. President Biden’s spending…
(WSJ) G-7 countries are backing U.S calls for rules taxing multinational companies at a 15% minimum corporate rate. The agreement by G7 ends stalemate between the U.S and the large…
U.K and EU regulators have launched an antitrust investigation on Facebook, according to CNBC. The authorities are scrutinizing the social media giant’s abuse of its dominant position in the digital…
US nonfarm payroll employment jumped by 559,000 in May, according to the Bureau of Labor Statistics press release. Unemployment rate slipped by 0.3% to hit 5.8%. Total number of unemployed…
Concerns about the Fed withdrawing economic support sent US stocks lower on Thursday. The fears were fueled by several economic data, including payrolls which showed that job gains in the…
Crypto solutions Blockchain.com has moved its headquarters in the US from New York City to Miami, according to the company’s press release. The move reflects the firm’s expansion plans. Blockchain.com…
United Airlines has agreed with aerospace company Boom Supersonic to acquire a new high-speed aircraft fleet, according to the press release. The new aircraft will operate at 100% fuel efficiency…
Elon Musk’s tweet on bitcoin with a broken heart emoji sent the world’s largest cryptocurrency down by about 6.3%, Bloomberg reports. The plunge erased the week’s stabilization, with the token…