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Business Maverick: UK Calls China an ‘Epoch-Defining Challenge’ to Global SecurityChina poses significant risks to global prosperity and security, UK Prime Minister Rishi Sunak said, describing the country’s economic and military rise as an “an epoch-defining challenge” to international order. International order/ us hegemony
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Business Maverick: Asian stocks drop, led by banks amid rates turmoil: markets wrapAsian equities extended declines on Tuesday, led by weakness in financial stocks as the collapse of Silicon Valley Bank continued to reverberate across global markets.
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Business Maverick: Rio Tinto digs deep as prized $7bn copper mine finally deliversRio Tinto has begun digging copper from the underground portion of its giant mine in Mongolia, an expansion that will turn the operation into one of the world’s largest, after years of delays, cost blow-outs and billion-dollar disputes with the country’s government.
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Business Maverick: Global financial stocks lose $465bn on SVB impact worryGlobal financial stocks have lost $465-billion in market value so far as investors cut exposure to lenders from New York to Japan in the wake of Silicon Valley Bank’s collapse.
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Business Maverick: Bitcoin Tops $26,000 on Buoyant Sentiment After US Bank StepsBitcoin climbed above $26,000 for the first time since June on growing optimism that the digital-asset sector will weather the recent turmoil in the US financial system.
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Business Maverick: S&P Gains Top 2% as Banks Rebound; Treasuries Fall: Markets WrapUS stock soared as traders wager the worst of the banking sector turmoil has passed, while Treasury yields climbed after the latest inflation reading cemented bets for a Federal Reserve rate hike next week.
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