Blackrock Inc has put off the launch of an exchange traded fund (ETF) that invests in Chinese bonds, amid growing tension between Washington and Beijing, the Financial Times said on Saturday. The world’s largest money manager has “indefinitely” shelved the ETF, the newspaper said, citing people familiar with the decision. According to one of the people, the move… Continue reading Blackrock shelves China bond ETF amid growing political tensionThe first Blackrock ETF product was reportedly scheduled for the fourth quarter.
Category: Automotive
Alameda, FTX execs knew crypto firm was using customer funds, per report
FTX-affiliated crypto trading firm Alameda Research’s Chief Executive Officer Caroline Ellison and senior FTX officials knew that the crypto exchange had lent Alameda its customer funds to help meet liabilities, the Wall Street Journal reported on Saturday. Reuters reported Friday that FTX founder and former CEO Sam Bankman-Fried had secretly transferred $10 billion of customer funds from FTX to Alameda. Ellison told employees in a video meeting on Wednesday that she, Bankman-Fried, and two other executives, Nishad Singh and Gary… Continue reading Alameda, FTX execs knew crypto firm was using customer funds, per report
Chinese regulators urge more financing support for embattled property firms
Chinese regulators have asked financial institutions to extend more support to property developers to shore up the country’s struggling real estate sector, two sources with direct knowledge of the matter said on Sunday. A notice to the institutions from the People’s Bank of China (PBOC) and the China Banking and Insurance Regulatory Commission (CBIRC) outlined 16 steps to support the industry, including loan repayment extensions, in a major push to… Continue reading Chinese regulators urge more financing support for embattled property firms
Binance halts FTX’s FTT deposits, urges rivals to follow
Cryptocurrency exchange Binance has stopped accepting deposits of FTX’s FTT token on its platform, its chief executive Changpeng Zhao said on Sunday, urging other rival exchanges to do the same. FTX, which filed for bankruptcy on Friday, was engulfed in more chaos on Saturday when the crypto exchange said it had detected unauthorized access and analysts said hundreds of millions of… Continue reading Binance halts FTX’s FTT deposits, urges rivals to follow
Indonesia’s INA, China’s SRF pick 40% in Kimia Farma Apotek for $120m
Indonesia’s sovereign wealth fund (SWF) INA and China’s Silk Road Fund (SRF) are picking up a 40% stake in Indonesian state-owned pharmaceutical company PT Kimia Farma’s subsidiary, Kimia Farma Apotek, for 1.86 trillion rupiah ($120 million), according to a statement on Sunday. Kimia Farma Apotek will use the money for business expansion and working capital,… Continue reading Indonesia’s INA, China’s SRF pick 40% in Kimia Farma Apotek for $120m
Linamar (TSE:LNR) Has Announced A Dividend Of CA$0.20
Linamar Corporation (TSE:LNR) will pay a dividend of CA$0.20 on the 2nd of December. The dividend yield is 1.3% based on this payment, which is a little bit low compared to the other companies in the industry. View our latest analysis for Linamar Linamar’s Earnings Easily Cover The Distributions While yield is important, another factor… Continue reading Linamar (TSE:LNR) Has Announced A Dividend Of CA$0.20
BorgWarner (NYSE:BWA) Has Affirmed Its Dividend Of $0.17
BorgWarner Inc.’s (NYSE:BWA) investors are due to receive a payment of $0.17 per share on 15th of December. This means the annual payment will be 1.6% of the current stock price, which is lower than the industry average. See our latest analysis for BorgWarner BorgWarner’s Payment Has Solid Earnings Coverage The dividend yield is a… Continue reading BorgWarner (NYSE:BWA) Has Affirmed Its Dividend Of $0.17
Hyundai Motor chairman urges bold action on climate change
Hyundai Motor Group (the Group) Executive Chairman Euisun Chung today delivered a keynote speech at the 2022 B20 Summit in Bali, Indonesia on the theme of ‘Energy Poverty and Accelerate a Just and Orderly Sustainable Energy Use.’ Occurring prior to G20 Summit (November 15-16), the B20 Summit attracts thousands of attendees from major G20 member countries In… Continue reading Hyundai Motor chairman urges bold action on climate change
5 Best Chinese Stocks To Buy And Watch: China Stocks Jump On Easing Covid Curbs
MarketWatch Tech-heavy Nasdaq Composite on track to score its biggest weekly gain since March U.S. stocks are on track to book weekly gains, with all three major benchmarks rising amid investor enthusiasm over Thursday’s softer-than-anticipated inflation report. The Dow Jones Industrial Average is heading for a 4% gain this week, while the S&P 500 is… Continue reading 5 Best Chinese Stocks To Buy And Watch: China Stocks Jump On Easing Covid Curbs
Collective bargaining conflict: 500,000 metalworkers go on warning strike for a better offer
Frankfurt – The collective bargaining conflict in the metal and electrical industry is calling for ever-greater protests to take to the streets. “The employees in the industry are reacting increasingly impatiently to the maneuvering of the employers’ side,” says Jörg Hofmann, first chairman of IG Metall. In the second week of the warning strike, significantly… Continue reading Collective bargaining conflict: 500,000 metalworkers go on warning strike for a better offer