European Shares Anticipate Cautious Start as Asian Session Shows Mixed Results (Bloomberg) — European shares are expected to make a cautious start following a mixed session in Asia where Treasuries fell and oil extended its losses. According to Bloomberg, the Euro Stoxx 50 futures slid 0.1%, while the Hong Kong and mainland Chinese equities dropped …
Zhongzhi Enterprise Group Co., a troubled shadow banking giant, has disclosed the extent of its financial woes, admitting to investors that it is “severely insolvent” with a deficit of $36.4 billion. In a letter sent to investors on Wednesday, the privately owned wealth manager stated that liquidity has dried up, and the expected amount from …
According to Bloomberg News, China is reportedly considering the resumption of purchases of Boeing’s 737 Max aircraft at the upcoming APEC summit, where the U.S. and Chinese presidents are set to meet this week. Sources familiar with the matter revealed that Chinese President Xi Jinping is not expected to make a formal order for the …
Court documents recently unsealed reveal that Cable TV anchor Stephanie Ruhle received a private phone and email account from Kevin Plank, the CEO of Under Armour. The documents also stated that Plank sent Ruhle a secret recording of a conversation he had with another Under Armour executive regarding the company’s finances. This latest information sheds …
According to a report by Bloomberg News, it was discovered that last year, Donald Trump claimed to have issued a “standing order” to automatically declassify documents taken from the White House. However, federal agencies have stated that they have no record of such an order. In response to Trump’s claim, Bloomberg filed a Freedom of …