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Kim Jong Un Tests New Rockets to Strike Seoul and Perhaps Sell to Putin
Leader Kim Jong Un oversaw tests of a new North Korean rocket system that could bolster his ability to attack Seoul and it may become a weapon he attempts to sell to Russia for use in its assault on Ukraine.
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Huawei’s New Phone Sports Latest Version of Made-in-China Chip
Huawei Technologies Co.’s latest smartphones carry a version of the advanced made-in-China processor it revealed last year, independent analysis revealed, underscoring the Chinese company’s ability to sustain production of the controversial chip.
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Biden to Tighten Gun Export Rules to Fight Criminal Diversion
To curb the use of US-made civilian guns in crimes and human rights abuses abroad, the Biden administration will require exporters to better vet their customers and tighten sales to 36 countries deemed “high-risk” for illicit diversion of semiautomatic firearms, according to people briefed on the plan.
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K-Pop Agency Hybe’s Internal Strife Wipes Out $873 Million
Hybe Co.’s shares tumbled Friday as internal strife between the K-pop giant and ADOR, the Hybe-owned label behind popular girl group NewJeans, deepened.
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Amazon’s Bezos, Jassy Deleted Chats Despite FTC Antitrust Probe
Top Amazon.com Inc. executives including founder Jeff Bezos and Chief Executive Officer Andy Jassy destroyed text messages discussing business, the Federal Trade Commission alleged, erasing evidence the agency could have used in its antitrust case against the retail giant.
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Contrarian Indian Fund Manager Has a Warning for Bond Chasers
An Indian fund manager who went contrarian and sharply reduced the average maturity of his flagship bond fund is further cutting the duration on the expectation the central bank won’t reduce interest rates before global peers.
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China Vanke Crisis May Continue to Spell Trouble for Chinese Lenders
Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
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Austin to Announce Up to $6 Billion Arms Commitment to Ukraine
Defense Secretary Lloyd Austin is set to announce on Friday the commitment of as much as $6 billion to bankroll long-term contracts to provide Ukraine with weapons such as Patriot missiles and drones, according to several US officials familiar with the issue.
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Tor Investment Raises $310 Million for Asia Private Credit Fund
Hong Kong-based alternative credit manager Tor Investment Management has raised $310 million for its third Asia opportunistic private credit fund, seeking to take advantage of the growing popularity of the asset class, according to co-founder and portfolio manager Christopher Mikosh.
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Kinesis Mint becomes the official partner for the House of Mandela
London, United Kingdom, April 25th, 2024, FinanceWire Kinesis Mint, the certified independent precious metals mint and refinery of Kinesis, the monetary system backed by 1:1 allocated gold and silver, has been appointed the exclusive coin producer for the House of Mandela. The Kinesis Mint will independently manufacture the official House of Mandela collector coins in […]
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