| 20.02.2025 19:14 China Has to Rebalance Its Economy, Bessent Says US Treasury SecretaryВ Scott BessentВ plans to urge China to rebalance its economy when he speaks to his counterpart in Beijing on Friday. He speaks on Bloomberg Surveillance. (Source: Bloomberg) 20.02.2025 19:14 Paul Allen’s Family Office Spinout Boosts Microsoft Stock Sales The year after Cercano Management was spun out of Microsoft Corp. co-founder Paul Allen’s family office in late 2021, its US stocks portfolio had a 17% weighting to the US software giant. 20.02.2025 19:05 Saudi Car Rental Firms Weigh IPOs Amid Kingdom’s Tourism Push Two Saudi Arabia-based car rental firms are considering new share sales in Riyadh, seeking to capitalize on the kingdom’s drive to attract more tourists. 20.02.2025 18:55 Saylor’s Strategy Raises $2 Billion in Convertible Bond Sale Michael Saylor’s Strategy raised $2 billion from an issue of convertible debt after the Bitcoin treasury firm sweetened the terms for investors. It plans to use the proceeds for purposes including acquiring more of the digital token. 20.02.2025 18:19 South Africa Leader Urges G-20 Unity to Tackle Global Challenges South African President Cyril Ramaphosa urged the Group of 20 nations to set aside their differences and focus on tackling the world’s most pressing challenges. 20.02.2025 18:16 Ex-Gunvor Manager Convicted of Bribery Over Oil Deals A former manager at Gunvor Group was found guilty by a Swiss court of bribing public officials to secure oil contracts in Africa, a second win in less than a month for Swiss prosecutors cracking down on corruption in the commodity-trading industry. 20.02.2025 18:01 Bessent Has No Plans to Revalue US Gold Reserves US Treasury Secretary Scott Bessent says, “all the gold is there,” as he has no plans to visit Fort Knox or to revalue gold reserves in a sovereign wealth fund. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg) 20.02.2025 18:00 Geopolitical Risks to Weigh on Ireland’s Economy, Makhlouf Warns Downside risks to Ireland’s economic outlook have increased as its over-exposure to escalating global trade tensions remains high, the central bank governor warned. 20.02.2025 18:00 ECB’s Makhlouf Warns That Disinflation Process Faces Dangers European Central Bank Governing Council member Gabriel Makhlouf warned of dangers to the slowdown in consumer-price growth amid acute uncertainty. 20.02.2025 17:59 Bessent: Unfortunate DOGE Being Lampooned, Attacked US Treasury Secretary Scott Bessent discusses attacks on Elon Musk’s Department of Government Efficiency and whether or not the idea of returning a portion of money found by DOGE to American citizens would be inflationary. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg) 20.02.2025 17:45 Millennium Lures Team With $100 Million Bid as Hedge Fund Talent War Rages As the war to poach portfolio manager Chris Procaccini, 48, erupted among hedge fund giants, industry legend Izzy Englander intervened to secure a victory. 20.02.2025 17:40 Shale Revives Deal-Making Agenda After Trump Changes Course 20.02.2025 17:18 Bessent Says US вЂ?Long Way’ From Boosting Longer-Term Debt Sales Treasury Secretary Scott Bessent said that any move to boost the share of longer-term Treasuries in government debt issuance is some ways off, given current hurdles that include elevated inflation and the Federal Reserve’s quantitative tightening program. 20.02.2025 16:57 Abu Dhabi’s Adnoc Seeks $2.8 Billion in Gas Unit Stake Sale Abu Dhabi’s state energy company is seeking to raise as much as 10.4 billion dirhams ($2.84 billion) from a secondary offering in its gas business. 20.02.2025 16:44 UK Power Prices Sink to 2025 Low on Forecast for Warmer Weather UK power is trading at the lowest level this year as a warm front approaches, reducing demand for heating. 20.02.2025 15:54 Ivory Coast, France to Keep Some Military Ties Amid Troop Exit Ivory Coast and France plan to maintain some security cooperation even as French soldiers stationed in the West African country start withdrawing. 20.02.2025 15:02 Clean Energy Was Lifting Manufacturing. Now Investment Is in Jeopardy. With the Trump administration reversing support for low-carbon power, the business case for making wind, solar and electric vehicle parts gets weaker. 20.02.2025 15:02 A Strong Dollar Means Bargains for Americans Traveling Abroad The dollar’s strength against the euro, the yen and other foreign currencies means bargains for U.S. travelers. 20.02.2025 15:02 Birkenstock Sales Jump On High-End Clog Boom, Asia Expansion Birkenstock Holding Plc reported faster sales of its high-end sandals and clogs while keeping its annual financial targets unchanged, as the German shoe company seeks to convince investors that it can stay fashionable. 20.02.2025 13:41 Hamas hands over remains of four Israeli hostages including infant Exchange under shaky ceasefire deal includes three deceased members of Bibas family 20.02.2025 12:22 Lloyds sets aside another ВЈ700mn after car finance probe UK bank had already booked a ВЈ450mn provision last year 20.02.2025 10:00 Russia’s executions of Ukrainian prisoners point to systematic policy FT documentary investigates rise in cases of Russian soldiers executing Ukrainian POWs 20.02.2025 10:00 Do not let Great British Railways crush competition Labour will damage growth and innovation by curbing independent regulation of the rail network 20.02.2025 10:00 Trump’s freewheeling disruption could extend to the dollar The president’s conviction that US currency strength gives trading partners an unfair advantage is well known 20.02.2025 10:00 Politico’s owner praises JD Vance for вЂ?inspiring message’ Mathias DГ¶pfner says many Europeans had вЂ?intentionally misunderstood’ the US vice-president’s speech that caused widespread horror 20.02.2025 9:30New Zealand Shares Fall 1.2% on Broad-Based Weakness New Zealand’s NZX-50 closed 1.2% lower at 12880.36, dragged to its largest one-day fall in more than two weeks from broad-based weakness. ... 20.02.2025 6:03 Chinese Coal Prices Have Further to Fall as Glencore Mulls Cuts China’s coal slump is likely to persist for several months, weighing on a global market that has seen mining giant Glencore Plc forced to consider output cuts after prices dropped to near their lowest this decade. 20.02.2025 6:00 US Dollar’s Use in Global Transactions Tops 50%, Swift Says The dollar’s prowess in global trade climbed in January, accounting for just over half of all the international foreign-exchange traffic sent via the financial messaging service Swift. 20.02.2025 5:57 Australia Bank Stocks Lose $26 Billion on Profit Margin Concerns A $26 billion rout in Australia bank stocks this week after two of the biggest lenders reported increasing margin pressure is fueling concern about the sector’s profitability. 20.02.2025 5:20 WiseTech Trading Halt Puts Focus on Ex-CEO White’s Future WiseTech Global Ltd. shares were halted in Sydney before a governance update from the board, intensifying focus on the future of the company’s under-fire founder, Richard White. 20.02.2025 5:00 Asian Currencies Face More Pain Against Peers as Low Carry Bites Emerging Asian currencies look set to extend their underperformance versus global peers as the prospect of interest-rate cuts further erodes their appeal, according to fund managers and strategists. 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