Category: Business

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China Cuts RRR as Evergrande and Kaisa Face Deadlines

Evergrande and Kaisa must come up with hundreds of millions of dollars in days. Beijing sought to reassure markets overall, but signaled it might let Evergrande fail.  » mehr lesen

Bitcoin Plunges in Weekend Trading, With Markets Facing Renewed Volatility

Investors have pulled back broadly from risky assets as financial markets have been struck by the arrival of the Omicron variant and surprisingly high inflation.  » mehr lesen

Exxon Mobil Aims for Net-Zero Emissions in Permian Basin

Exxon plans to reduce greenhouse gas emissions across its business, but its goal does not include offsetting emissions from its customers, such as car and truck owners and airlines.  » mehr lesen

BuzzFeed’s First Day as a Public Company Is a Big Test

Other digital media groups are eyeing how BuzzFeed performs as a publicly traded company as they face a tough advertising climate and look for ways to pay back their early investors.  » mehr...

Why New York State Is Experiencing a Bitcoin Boom

Cryptocurrency miners are flocking to New York’s faded industrial towns, prompting concern over the environmental impact of huge computer farms.  » mehr lesen

Urea Shortage Is Felt Around the World

Farmers in India are desperate. Trucks in South Korea had to be idled. Food prices, already high, could rise even further.  » mehr lesen

Ray Dalio Clarifies His Comments on China

Ray Dalio is trying to explain comments about doing business there.  » mehr lesen

Patek Philippe’s Nautilus Watch Returns in Tiffany Blue

There will be only 170 of the special Ref. 5711 models so, the company’s president said, deciding who gets them may be “a big problem.”  » mehr lesen

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