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The headquarters of China Evergrande Group in Shenzhen, Guangdong province, China, were decorated with the company’s logo on September 26, 2021. REUTERS/Aly Song/File Photo HONG KONG, Dec 4 (Reuters) – A court hearing tied to a liquidation petition filed against China Evergrande Group (3333.HK) has been postponed in a Hong Kong court to next month. …
Gold and Bitcoin Surge in Asian Trading as Fed Watch Begins (Bloomberg) — Gold surged to a fresh record and Bitcoin pierced $40,000 in Asian trading as markets shrugged off Federal Reserve Chair Jerome Powell’s reminder that policymakers are in no hurry to ease interest rates. Most Read from Bloomberg The precious metal jumped as …
(Bloomberg) — Gold Surges to New All-Time High, Defying Fed’s Attempt to Temper Optimism Gold skyrocketed past its previous all-time high set during the pandemic, fueled by growing expectations for US rate cuts in early 2024. Despite the Federal Reserve’s efforts to temper optimism, the precious metal surged more than 3% in early trading on …
Oil prices rose on Monday due to renewed geopolitical tensions in the Middle East, raising concerns about the supply from the region. However, uncertainty surrounding OPEC+ voluntary output cuts and the global fuel demand growth continues to cloud the sector’s outlook. Brent crude futures increased by 0.4% to reach $79.16 a barrel, while U.S. West …
Last week marked a significant milestone in the aviation industry as the world witnessed the first transatlantic flight using sustainable aviation fuel (SAF) that departed from London Heathrow and landed in New York JFK. Dubbed Flight100, this Virgin Atlantic Boeing 787 showcased the potential of SAF for long-haul flights, paving the way for the use …
Bitcoin has surged to $40,000 for the first time since May 2022, marking a significant milestone for the largest digital asset. This impressive rebound is driven by expectations of interest-rate reductions and increased demand from exchange-traded funds. The token saw a 1% increase, reaching $40,005 on Monday in Singapore, with a 142% jump in 2023. …
Toby Scott/SOPA Images/Shutterstock Mandatory Credit: Photo by Toby Scott/SOPA Images/Shutterstock (13034875b) An Alaska Airlines corporate office building is seen in the company’s headquarters city of SeaTac, Washington. Alaska Air Group (ALK) is scheduled to deliver its quarterly earnings report this week. Signs and logos in US – 16 Jul 2022 CNN — Alaska Air (ALK) …
SEATTLE (AP) — In a $1.9 billion agreement, including debt, Alaska Airlines announced on Sunday its plans to acquire Hawaiian Airlines, setting the stage for a potential confrontation with the Biden administration’s concerns about escalating fares in the industry. The merger will preserve both airlines’ brands, anchoring them in the states of Hawaii and Alaska. …
The penalty for tax underpayments has skyrocketed since 2021, posing a significant threat to gig economy workers and consultants. As of Oct. 1, the IRS will now charge 8% interest on estimated tax underpayments, a significant increase from the previous 3%, according to The Wall Street Journal. This change predominantly affects pay-as-you-go workers who do …
Alaska Air Group (ALK) is set to acquire Hawaiian Holdings (HA), the parent company of Hawaiian Airlines, for a total of $1.9 billion, which includes assumed debt. This major announcement came from the two carriers on Sunday. X Under the agreement, Alaska Air will pay $18 per share in cash, marking a significant 270% premium …