Monthly Archives: September 2021

China’s recession deepens – MacroBusiness

The news from Evergrande is dense and fast. A sort of selective bailout and bail-in is going on depending on whether you are Chinese or not. Sincocism: China Evergrande misses another bond payment – Nikkei Asia Evergrande, the world’s most indebted developer, has little cash left and has also missed …

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Understanding retained earnings – business.com

Retained earnings are the funds remaining in a company’s net income after all profit distributions have been paid to shareholders. Retained earnings equals gross income less all expenses and dividends paid in the form of stocks or cash. It is essential for businesses to track retained earnings. This information helps …

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Crypto Exchange Kraken to Pay $ 1,250,000 Fine for Providing Illegal Leveraged Trade to US Customers

The Kraken crypto exchange faces a heavy fine for providing illegal trading services in the United States. In a statement on Tuesday, the Commodity Futures Trading Commission (CFTC) said it had issued an order requiring Kraken to pay $ 1.25 million in civil monetary penalties after finding that the exchange …

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Rtl today – World Bank chief in Sudan for first visit in 40 years

World Bank President David Malpass, in Sudan on Thursday for the first visit in nearly 40 years by a head of the development agency, hailed the country’s reforms but warned of “political slippages”. A transitional government and a Civil-Military Sovereign Council have ruled the African nation since 2019 after the …

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Defensive funds and trusts to protect your portfolio against the recession

As concerns grow about falling Chinese growth and inflation threatening to become more persistent than previously thought, investors would do well to position their portfolios more defensively. The pandemic recovery has been hampered by the rapid spread of the delta variant of Covid-19 and concerns about inflation, which many investors …

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Despite BlackBerry disappointments, BB stock remains attractive

i own Blackberry (NYSE:BB), but I’m willing to admit that I was disappointed with elements of the company’s second quarter report from September 22. BB stock is down 7.5% this week. Source: Shutterstock Specifically, the year-over-year stagnation in the company’s cybersecurity revenue and its inability to close its long-awaited patent …

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How much cryptocurrency should I have in my wallet?

It’s tempting. With a market value of nearly $ 2 trillion, of which $ 775 billion in Bitcoin, cryptocurrencies are now more important than the US junk-bond market. Fortunes have been made as prices have skyrocketed over the past year. Why not add some crypto for diversification and a chance …

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Ford partners with Battery Maker SK Innovation in $ 11 billion deal

Ford has announced its commitment to its range of electric vehicles as part of an $ 11 billion partnership with South Korean battery maker SK Innovation. The deal focuses on Ford’s growing line of electric pickup trucks as it strives to convert popular F-Series trucks to battery power, the Financial …

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US economy set to accelerate after delta recession

The Covid-19 Delta variant appeared to dampen economic growth this summer, but economists expect the pandemic recovery to accelerate again as damage from the virus is mitigated. In recent weeks, many economists have seen economic growth in the third quarter, mainly because consumers delayed spending on food, hotels and airline …

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Amicus Finance – The first part 26A restructuring plan involving a senior creditor Cram Up? | Alston & Bird

A UK court has cleared the first case in which the highest class of creditors were compromised as part of a restructuring plan despite its objections. Our Financial Restructuring and Reorganization group describes the background to the plan, the class issues, the nature of the challenge, and the build-up of …

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