Tencent Music, which is listed on the New York Stock Exchange, lost about a third of its value last week amid a sell-off in Chinese technology stocks.
Banks warn of ’significant losses‘ as they exit positions with large U.S. hedge fund
Credit Suisse and Nomura warned of „significant“ hits to first-quarter results after they began exiting positions with a large U.S. hedge fund.
Here’s what happened in that wild trading in China internet stocks
The primary cause of the selling in Chinese internet stocks was that a fund, Archegos Capital Management, was forced out of its positions.
Markets Week Ahead: Nasdaq 100, US Dollar, Gold, Crude Oil, Fed Ends SLR Exemption, NFPs
Wall Street pulled off a recovery into the weekend as equities in parts of the Asia Pacific region wobbled. The US Dollar appears to be regaining upside momentum, leaving gold and crude oil at risk…
Markets Week Ahead: Nasdaq 100, US Dollar, Gold, Crude Oil, Fed Ends SLR Exemption, NFPs
Wall Street pulled off a recovery into the weekend as equities in parts of the Asia Pacific region wobbled. The US Dollar appears to be regaining upside momentum, leaving gold and crude oil at risk…
ForexLive European FX news wrap: Mixed mood to kick start the week
Forex news from the European trading session – 29 March 2021
Headlines:
Markets:
– GBP leads, EUR lags on the day
– European equities slightly higher; E-minis down 0.5%
Headlines:
Markets:
– GBP leads, EUR lags on the day
– European equities slightly higher; E-minis down 0.5%
Italy set to cut economic growth projections for the year – report
Reuters reports, citing sources familiar with the matter
The report states that Italy is to cut its GDP growth forecast this year from 6.0% to 4.1% but is to hike its 2022 GDP growth forecast from 3.8% to 4.3%.
The report states that Italy is to cut its GDP growth forecast this year from 6.0% to 4.1% but is to hike its 2022 GDP growth forecast from 3.8% to 4.3%.
Russia reportedly supports rollover of OPEC+ oil production to May
Reuters reports, citing a source familiar with the Russian camp
The report says that Russia would support a broadly stable output by OPEC+ in May, while seeking a small hike in output for itself ahead of this week’s meeting.
The report says that Russia would support a broadly stable output by OPEC+ in May, while seeking a small hike in output for itself ahead of this week’s meeting.
Japan FSA official says that Nomura still has positions to unwind
Japan FSA says may discuss risk management with Nomura in light of the recent events that unfolded
Nomura and Credit Suisse are the two names to have come out and said that they could incur a significant and material loss from dealings with a US hedge fund, leading to all the ruckus seen so far in
Nomura and Credit Suisse are the two names to have come out and said that they could incur a significant and material loss from dealings with a US hedge fund, leading to all the ruckus seen so far in
Bitcoin jumps as Visa is reportedly said to allow payment settlements using cryptocurrency
Reuters reports on the matter
Visa is said that on Monday, it will allow the use of cryptocurrency USD Coin to settle transactions on its payment network. The report headline may be a bit of a stretch since this actually only covers USDC.
Visa is said that on Monday, it will allow the use of cryptocurrency USD Coin to settle transactions on its payment network. The report headline may be a bit of a stretch since this actually only covers USDC.