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Treasury Yields Reverse as Traders Repeat ‘Never Trade on ADP’ 
Treasury Yields Reverse as Traders Repeat ‘Never Trade on ADP’ 
On Thursday, a blowout jobs report pushed US yields to the highest in 16 years — unleashing fresh
2023-07-08 01:46
Thousands of Tiny Hedge Funds Face Closure in China Shakeup
Thousands of Tiny Hedge Funds Face Closure in China Shakeup
China’s 6 trillion yuan ($832 billion) hedge fund industry is bracing for a historic shakeup that will likely
2023-08-11 08:25
Analysis-Dollar slump, overcrowding complicate popular FX carry trade
Analysis-Dollar slump, overcrowding complicate popular FX carry trade
By Harry Robertson, Alun John and Ankur Banerjee LONDON/SINGAPORE A slide in the dollar and signs that volatility
2023-07-26 13:15
Moscow court upholds Rosbank's $12 million damages claim against Citi
Moscow court upholds Rosbank's $12 million damages claim against Citi
MOSCOW A Moscow court has upheld a claim by Rosbank to recover damages worth 94.47 million Hong Kong
2023-10-27 17:56
China’s Inflation Rate Slows to Zero as Economic Woes Mount
China’s Inflation Rate Slows to Zero as Economic Woes Mount
China’s consumer inflation rate eased to zero in June while factory-gate prices fell further, underlining continued weakness in
2023-07-10 09:52
Boost for homebuyers: Average long-term US mortgage rate eases from 7-month high to 6.71% this week
Boost for homebuyers: Average long-term US mortgage rate eases from 7-month high to 6.71% this week
The average long-term U.S. mortgage rate eased back from a seven-month high this week, a welcome change for homebuyers navigating high borrowing costs and heightened competition for relatively few homes for sale
2023-06-09 00:24
Finnair Losing CEO to Elisa Adds to Challenges for Flag Carrier
Finnair Losing CEO to Elisa Adds to Challenges for Flag Carrier
Finnair Oyj is starting the search for a new leader after Chief Executive Officer Topi Manner announced his
2023-08-21 15:23
Meta's Twitter-like Threads app will not launch in Europe
Meta's Twitter-like Threads app will not launch in Europe
Facebook owner Meta's new Threads app, meant to rival Twitter, will not be available in the European Union when it launches Thursday because of regulatory concerns, a...
2023-07-06 02:56
Fyre Festival guy has launched a new festival and tickets sold out in minutes
Fyre Festival guy has launched a new festival and tickets sold out in minutes
Fyre Festival founder Billy McFarland has announced that the first round of tickets for Fyre Festival II has sold out. Described by McFarland as the “adventure of a lifetime”, Fyre Festival II is an attempt to shift the narrative around McFarland and the original 2017 Fyre Festival that was riddled with scandals and resulted in McFarland spending four years in federal prison for wire fraud. McFarland took to social media to talk about Fyre Festival II after it was announced the first round of tickets sold out: “The first FYRE Festival II drop has sold out. Since 2016 FYRE has been the most talked about festival in the world. We now saw this convert to one of the highest priced GA pre-sales in the industry. FYRE is about people from around the world coming together to pull off the impossible. “This time we have incredible support. I’ll be doing what I love while working with the best logistical and infrastructure partners. In addition, all ticket sale revenue will be held in escrow until the final date is announced. We look forward to surprising the world alongside our partners as we build FYRE and FYRE Festival II into the island adventure of a lifetime,” he added. The initial tickets for Fyre Festival II went on sale for $499 (£390), with later releases set to cost up to $7,999 (£6,250). The original festival was promoted by multiple popular celebrities including Kendall Jenner, Bella Hadid, and Hailey Bieber. Fyre Festival was promised to contain an array of musical performances, as well as other attractions. It was to be hosted on an island in the Bahamas that was claimed to have been previously owned by Pablo Escobar. Despite the hype surrounding the festival, it ultimately resulted in a disaster. So much so that both Netflix and Hulu released shows documenting the festival and how it concluded with McFarland in jail. In 2018, McFarland pleaded guilty to two counts of wire fraud and admitted to lying to investors that funded the first Fyre Festival. He was released from prison early in March 2022, and required to return $26 million to investors of the event. Speaking in a YouTube video uploaded on Monday, McFarland spoke about Fyre Festivall II: “It has been the absolutely wildest journey to get here and it really all started during the seven-month stint in solitary confinement. I wrote out this 50-page plan of how it would take this overall interest and demand in Fyre and how it would take this overall interest and demand in Fyre and how it would take my ability to bring people from around the world together to make the impossible happen.” He added: “we decided that Fyre Festival is coming back to the Caribbean. We are targeting Fyre Festival II for the end of next year.” Sign up to our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-08-23 19:19
Zambia Bondholder Deal Needs Changes to Align with IMF Program
Zambia Bondholder Deal Needs Changes to Align with IMF Program
Zambia must refine an initial debt-restructuring deal it announced with holders of $3 billion in eurobonds, the International
2023-11-11 21:16
LandSec Marks Down Portfolio by £848 Million as Rates Bite
LandSec Marks Down Portfolio by £848 Million as Rates Bite
Land Securities Group Plc marked down the value of its UK real estate portfolio by £848 million ($1.1
2023-05-16 16:20
Cluster munition deaths in Ukraine pass Syria, fueling rise in a weapon the world has tried to ban
Cluster munition deaths in Ukraine pass Syria, fueling rise in a weapon the world has tried to ban
More than 300 people were killed by cluster munitions in Ukraine in 2022, surpassing Syria as the country with the highest number of deaths from the controversial weapons for the first time in a decade
2023-09-05 16:18