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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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Gold Heads For Weekly Loss as US Inflation Concerns Sap Demand
Gold was on track for a weekly loss as persistent inflationary forces looked increasingly likely to push back the timing for US rate cuts.
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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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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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Crypto Poker Site CoinPoker Launches CSOP Tournament Series with $1M Pot and Removes Cashout Fees
Willemstad, Curacao, April 24th, 2024, Chainwire CoinPoker, the world’s largest cryptocurrency poker platform, has launched its annual Crypto Series of Online Poker (CSOP) Spring tournament series while also removing all Cashout Fees as announced by the team on X: After kicking off on Friday April 19, the ongoing tournament series will end on April 28, […]
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Binance Founder Changpeng Zhao Faces Potential 3-Year Prison Term
Binance, the world’s largest cryptocurrency exchange, and its founder, Changpeng Zhao, are facing severe legal challenges. The U.S. Department of Justice (DOJ) has recommended a significant prison term and a hefty fine for Zhao, emphasizing the serious nature of the allegations against him and the company. These developments signal a tightening grip on regulatory oversight […]
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FBS Financial Market Analysts Forecast Gold Prices to Rise to $2,800
Singapore City, Singapore, April 24th, 2024, FinanceWire FBS, a leading global broker that has recently launched an upgraded FBS app, projects gold price surge to $2,800 per ounce by the close of 2024. FBS financial market analysts have identified the pivotal factors driving the bullish trend for gold and covered the potential strategies for CFD […]
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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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