(Bloomberg) — China’s government bond yields advanced as tight cash conditions in the local market and a rally in stocks sapped the demand for debt. Most Read from Bloomberg The yield on China’s benchmark 10-year bond rose four basis points to 1.73% on Tuesday, the highest since December. One-year yield rose six basis points to 1.48%, the highest since August. Sovereign yields in China had slumped to record lows due to the nation’s sluggish growth, dearth of local lucrative assets and concern over the impact of US levies on the economy. Now respite from tariff headlines, tight cash conditions and…
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When Beijing sidelined Jack Ma, China’s most prominent entrepreneur, by slamming the brakes on his business in 2020, it sent an unmistakable message that no company was above the Chinese Communist Party.On Monday, China’s top leader, Xi Jinping, tried out a different approach.Mr. Xi met with corporate chieftains, including Mr. Ma, who has largely kept out of the public eye for the past four years, in a show of support at an economically precarious time.The heads of the electronics companies Huawei and Xiaomi, the battery maker CATL and the electric vehicle giant BYD were among the business leaders who applauded…
U.S. Food and Drug Administration employees reviewing Elon Musk’s brain implant company Neuralink were fired over the weekend as part of a broader purge of the federal workforce, according to two sources with knowledge of the matter.Sopa Images | Lightrocket | Getty ImagesU.S. Food and Drug Administration employees reviewing Elon Musk’s brain implant company Neuralink were fired over the weekend as part of a broader purge of the federal workforce, according to two sources with knowledge of the matter.The cuts included about 20 people in the FDA’s office of neurological and physical medicine devices, several of whom worked on Neuralink, according to the two sources, who asked not to be identified because of fear…
Image source: Getty Images Premium content from Motley Fool Share Advisor UK Our monthly Ice Best Buys Now are designed to highlight our team’s three favourite, most timely Buys from our growing list of income-focused Ice recommendations, to help Fools build out their portfolios. “Best Buys Now” Pick #1: National Grid (LSE: NG.) Data Centre electricity demand is forecast to double in four years, and electricity grids are one of the major bottlenecks of the energy transition. Meeting growing demand will require vast investments.. In December, National Grid submitted plans to invest up to £35bn in Britain’s electricity…
(Bloomberg) — After years of venturing offshore, some of Australia’s biggest pension funds are scooping up more government bonds at home — assets they now deem among the safest as trade-war risks rattle markets. Most Read from Bloomberg Australian Retirement Trust, the nation’s second-largest fund by assets, has ratcheted up its Aussie bond allocation in some strategies to nearly the highest level since the global financial crisis almost two decades ago. Rival Colonial First State Investments Ltd. likes Australian fixed income including government bonds for their haven qualities. The idea of what constitutes a safe harbor from volatility has changed…
What is a Carbon Credit? A carbon credit is a permit that allows the holder to emit one metric ton of carbon dioxide (CO2) or an equivalent amount of other greenhouse gases . Source link
Australia, New South Wales, Sydney Scott E Barbour | The Image Bank | Getty ImagesAsia-Pacific markets were set to open mixed Tuesday, a day after Chinese President Xi Jinping signaled support to the country’s private sector and urged businesses to “show their “talents.”Australia’s S&P/ASX 200 was down 0.43%, ahead of the Reserve Bank of Australia’s policy decision. Reuters estimates a 25-basis-point rate cut to 4.1%.The Australian dollar had strengthened 0.05% to 635 against the dollar.Japan’s benchmark Nikkei 225 started the day 0.28% higher, while the broader Topix index advanced 0.37%.South Korea’s Kospi was marginally higher, while the small-cap Kosdaq was down 0.18%.Futures…
KUALA LUMPUR (Feb 17): Deputy Finance Minister Lim Hui Ying said on Monday that the government will consider only public projects with a high impact on the economy, well-being and security of the people under private financing initiatives (PFIs).This is in line with the government’s efforts to ensure prudent fiscal management, as outlined in the Public Finance and Fiscal Responsibility Act 2023, Lim said.”In addition, the government is strengthening monitoring and reporting mechanisms to ensure transparency in concession agreements and to avoid unexpected liability risks,” Lim told the Dewan Rakyat during the oral question and answer session.PFIs are a form…
A report that the World Resources Institute published in June 2023 on the status of climate change, ecological diversity and economic development gives the following warning: “The writing is on the wall: If we continue on this path, the world will lose one of its most effective allies in combatting the climate and biodiversity crises. And coastal communities, especially in small island and developing nations, will lose a critical resource on which they depend for livelihoods, food and water security and resilience to climate impacts”. The critical ally mentioned in the report is the ‘Blue Carbon’, a new product in…
This post is sponsored by Boulevard Bikes.By practically all accounts, New York City’s congestion pricing initiative, which launched on January 5, is doing precisely what it’s supposed to: easing traffic congestion. You can get up to speed on exactly how the program is designed, from this explainer by Streetblog NYC’s Dave Colon.In a nutshell, the Big Apple’s new toll has resulted in a 7 percent reduction in Manhattan traffic, plus other key improvements, according to research by NYU’s Rudin Center for Transportation Policy and Management. You can read a new Q&A on the subject with the center’s director Sarah Kaufman. Fewer drivers during…