French borrowing costs surge above Greece as stock market plunges
French borrowing costs have soared and the country’s stock market has slumped, as investors take fright at political chaos and mounting debts.
Asia likely to benefit from cheaper Canadian, Mexican oil if Trump imposes tariffs
SINGAPORE/LONDON (Reuters) -Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if U.S. President-elect Donald Trump imposes 25% import tariffs on crude imports from the two countries, traders and analysts said. Two sources familiar with Trump's plan told Reuters that oil would not be exempted from potential tariff hikes on imports from Canada and Mexico, despite the U.S. oil industry's warnings that the policy could hurt consumers, industry and national security. Canada and Mexico are the top two petroleum exporters to the United States, contributing 52% and 11% of its gross imports, respectively, data from the U.S. Energy Information Administration showed.
Stocks Down Pre-Bell Ahead of Key Inflation Report; Asia Gains, Europe Falls
The main US stock measures were pointing lower in Wednesday's premarket activity as traders await th
Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten
Short-term holders have sent almost $8 billion worth of bitcoin to exchanges at a loss over the past two days. The volatility in recent bitcoin price action has seen wild record swings in profit-taking to panic selling.
Cheche Group Achieves Profitability Amid NEV Market Growth
Cheche Group (CCG) has released an update. Cheche Group, a prominent auto insurance technology platform in China, reported a significant turnaround in its financial results for the third quarter of 2024, achieving a net income of RMB4.1 million compared to a net loss in the prior year. The company witnessed a notable increase in total written premiums and policy issuance, driven by strategic partnerships with new energy vehicle companies, which fueled its revenue growth. Additionally, Cheche’s s
Planning The Leap from PE to Public Markets at 4th Palm Beach CorpGov Forum
PE Edge and Exec Edge are pleased to provide complete video coverage of the fourth annual Palm Beach CorpGov Forum held on Nov. 13-14, featuring a two-day event with panels, firesides and networking receptions. The audience comprised more than 200 attendees including institutional investors, family offices/HNWIs, attorneys, investment bankers and key advisors. Planning The Leap from […]
Chinese Buyers Soak Up Unsold Oil as Iranian Crude Flows Slow
(Bloomberg) -- China’s independent refiners have snapped up barrels from across the Middle East and Africa as offers of Iranian oil remain scarcer and more expensive than usual, in part due to broadening US sanctions.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasA large processor bought about 10 million barrels of grades from Abu Dhabi and Qatar, a
Hyperscale Data issues special dividend of Series F Exchangeable Preferred Stock
Hyperscale Data (GPUS) plans to issue a special one-time dividend of 1M shares of a newly designated Series F Exchangeable Preferred Stock to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The record date for the Distribution has been set for December 13. The company has set a payment date of December 23, subject to adjustment. The number of shares of Series F Preferred Stock issuable is approximately 0.139 for each share of Eligible Cap
Trump Tariff Threat ‘Chilling Signal’ for Mexico Economy
(Bloomberg) -- Even as Mexico President Claudia Sheinbaum attempts to quell concerns over Donald Trump’s threat of 25% tariffs, economists are looking glumly at the trouble ahead should the US president-elect actually follow through.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes