TOKYO/HONG KONG, May 26 (Reuters) – Japan Inc has issued a record amount of foreign currency denominated debt this year, outweighing its traditional tide of yen bonds, as companies race to take advantage of high demand from investors for Asian commercial debt. The value of U.S. dollar bonds issued since the start of 2021 has hit a record $35 billion, […]
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BEIJING (Reuters) -Australia’s ambassador to China was denied entry to a heavily guarded Beijing court on Thursday where the espionage case against Australian blogger Yang Hengjun will be heard at a time of worsening ties between the two nations.Australia’s Ambassador to China, Graham Fletcher, walks out of the Beijing No. 2 Intermediate People’s Court, where Australian writer Yang Hengjun is […]
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(Reuters) -European shares closed at a record high on Thursday boosted by Airbus after the planemaker hiked its jet output targets, while German shares weakened after shares in pharmaceuticals maker Bayer were hit by a court ruling.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 21, 2021. REUTERS/StaffThe pan-European STOXX […]
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SYDNEY (Reuters) -Westpac Banking Group on Tuesday reopened Australia’s big banks bond-market taps for the first time in more than a year, with a $2.75 billion deal that also marked their first use of a non-USD Libor benchmark rate to price the debt.FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia’s Westpac Banking […]
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In a third-quarter outlook report Wednesday, HSBC Private Banking said high stock market valuations are warranted in light of strong corporate earnings and with ample liquidity still sloshing around. Global chief investment officer Willem Sels noted that with much of the good news for cyclicals priced in, the market will struggle to deliver positive surprises. Sels suggested now is the […]
Read moreHardware wallet stores crypto, keeps information secure from hackers ‘Ledger’ CXO Ian Rogers explains how the company’s wallet stores and secures cryptocurrency information. Bitcoin was trading around $38,000 per coin Thursday morning, while rivals Ethereum and Dogecoin were trading around $2,700 and 33 cents per coin, respectively, according to Coindesk, GET FOX BUSINESS ON THE GO BY CLICKING HERE Another […]
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AMP Australia will sack up to 20 per cent of its staff over the next year during a restructure designed to make the business more sustainable as the wealth giant focuses on domestic operations under a new executive leadership team. Former Sunsuper chief executive Scott Hartley was appointed last December to lead AMP Australia – the business responsible for superannuation, […]
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Stock futures held steady in overnight trading on Wednesday as investors await new labor-market data to gauge the pace of the economic recovery. Futures on the Dow Jones Industrial Average rose just 20 points. S&P 500 futures and Nasdaq 100 futures were both little changed. Snowflake shares tumbled 5% in extended trading after the data-analytics software company reported widening losses. Nvidia's […]
Read moreThe boom in crypto shouldn’t dissuade investors from owning traditional assets like gold, Societe Generale’s Kit Juckes said. Finding intrinsic value in cryptocurrencies is difficult, as evidenced by last week’s volatility. Despite the dramatic swings, even major institutional players are giving their customers exposure to cryptocurrencies due to customer appetite. See more stories on Insider’s business page. All that glitters […]
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