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Business Maverick: China junk bond selloff in new phase with record Fosun routFinancial stress among property developers in China is filtering into other sectors and affecting weaker borrowers in the country.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Green finance CEOs warn UK on labelling natural gas sustainableThe UK plans to allow some natural gas projects to be labelled as sustainable, but some of the world's largest climate finance groups say it is not a green source of energy. When the faeces hits the fan, anything and everything is 'green' because wind and solar are not able to run a modern economy. Germany has discovered the same truth.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Former Google boss Eric Schmidt urges US to prioritise chip securityThe former Google chief says attracting overseas chipmakers to build factories on its on territory should be a matter of national security for the US. I'm assuming he is not talking about Simba chips are deep friend American cut fries, so I have to wonder; what are the chips for?
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Distressed crypto lender Babel wins reprieve on debt repaymentsThe Hong Kong-based Babel has 'reached preliminary agreements on the repayment period of some debts, which has eased the company’s short-term liquidity pressure'. Babel's difficulties highlight the turmoil sweeping the crypto sector, where at least one major lender has forced withdrawals.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Tesla Co-Founder Joins With Toyota to Recycle Car BatteriesToyota Motor Corp. is tying up with Redwood Materials Inc., a battery recycling company created by Tesla Inc. co-founder J.B. Straubel, to collect and repurpose cells from some of the earliest battery-powered vehicles.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Rally Builds After $2 Trillion Wipeout; Yields Up: Markets WrapUS equities rebounded Tuesday after last week’s rout erased nearly $2 trillion from the S&P 500. Treasuries retreated.
Source: dailymaverick - 🏆 3. / 84 Read more »