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China Home Prices Drop at Faster Pace as Downturn Worsens
China Home Prices Drop at Faster Pace as Downturn Worsens
China home prices dropped for a second month in July, a further sign of the deepening property downturn
2023-08-16 10:59
Oil Steadies After Two-Day Loss as US Inventories Seen Dropping
Oil Steadies After Two-Day Loss as US Inventories Seen Dropping
Oil steadied after a two-day decline as industry estimates pointed to lower US inventories, potentially adding to signs
2023-08-16 10:59
Hong Kong Residents Are Leaving at the Highest Rate Since Covid
Hong Kong Residents Are Leaving at the Highest Rate Since Covid
Hong Kong saw its biggest net outflow of residents since the beginning of the Covid pandemic, the latest
2023-08-16 10:51
RBNZ Keeps Rates Unchanged, Signals Small Chance of Another Hike
RBNZ Keeps Rates Unchanged, Signals Small Chance of Another Hike
New Zealand’s central bank kept interest rates unchanged for a second straight meeting but signaled the risk that
2023-08-16 10:20
China Seeks Sentiment Boost With Strong Yuan Fix, Cash Injection
China Seeks Sentiment Boost With Strong Yuan Fix, Cash Injection
The People’s Bank of China moved to boost market sentiment with a stronger-than-expected yuan fixing and its largest
2023-08-16 09:55
MSCI China Index Set to Erase Gains Seen Since Politburo Meet
MSCI China Index Set to Erase Gains Seen Since Politburo Meet
Chinese stocks extended their recent selloff, putting a key gauge of the nation’s equities on track to erasing
2023-08-16 09:50
Hedge Fund That Sees Hard US Landing Bets on Chinese Equities
Hedge Fund That Sees Hard US Landing Bets on Chinese Equities
The rally in equities is set to grind to a halt as investors come to grips with slowing
2023-08-16 09:26
Epstein Tapped JPMorgan to Help Goldman Top Lawyer Open Account
Epstein Tapped JPMorgan to Help Goldman Top Lawyer Open Account
Jeffrey Epstein’s assistant reached out to a senior executive at JPMorgan Chase & Co. more than four years
2023-08-16 08:57
China’s Economic Woes Bring Silver Lining for Global Investors
China’s Economic Woes Bring Silver Lining for Global Investors
China’s lapse into deflation is fueling jitters across financial markets but money managers say it isn’t necessarily a
2023-08-16 08:56
Trump shares moody new video with poem voiceover about ‘suffering to win’
Trump shares moody new video with poem voiceover about ‘suffering to win’
Donald Trump, fresh off being indicted alongside his allies in Georgia for conspiring to subvert the state’s 2020 presidential election results, has shared a moody new campaign video which seems to obliquely reference his recent legal troubles. In a clip shared on his Truth Social account, the former president appears in a black and white montage, as the poem The Proof of Worth by Edgar Albert Guest is read in the background. The poem centres around themes of persisting through adversity. One stanza reads: The test of a man is how much he will bear/ For a cause which he knows to be right,/How long will he stand in the depths of despair,/How much will he suffer and fight?/There are many to serve when the victory’s near/And few are the hurts to be borne,/But it calls for a leader of courage to cheer/The men in a battle forlorn. The following section continues: It’s the way you hold out against odds that are great/That proves what your courage is worth,/It’s the way that you stand to the bruises of fate/That shows up your stature and girth./And victory’s nothing but proof of your skill,/Veneered with a glory that’s thin,/Unless it is proof of unfaltering will,/And unless you have suffered to win. The message of the video is likely in reference to Mr Trump’s recent Monday indictment, which accused him and 18 other defendants of attempting to illegally overturn Joe Biden’s 2020 election win in Georgia. In addition to the former president facing charges, the indictment in Fulton County also names a number of other high-profile figures including former White House chief of staff Mark Meadows, Trump lawyer and ex-New York City mayor Rudy Giuliani, attorney Sidney Powell, John Eastman, along with former US Department of Justice official Jeffrey Clark, and those falsely appointed as “alternate” Georgia electors. Mr Trump has claimed he will unveil an “irrefutable” report that will exonerate him from the charges laid out in the indictment, which he has previously branded as a politically motivated “witch hunt.” “A Large, Complex, Detailed but Irrefutable REPORT on the Presidential Election Fraud which took place in Georgia is almost complete & will be presented by me at a major News Conference at 11:00 A.M. on Monday of next week in Bedminster, New Jersey,” Mr Trump wrote on Truth Social on Tuesday. Read More Giuliani is too ‘busy’ to address Georgia indictment - after he reacted to it on livestream Trump claims mystery press conference report clears him of Georgia election charges: Live updates What is racketeering? Donald Trump charged with Mafia-busting law Giuliani is too ‘busy’ to address Georgia indictment - after reacting to it live What is racketeering? Donald Trump charged with Mafia-busting law Georgia case against Trump presents problems from the start: from jury selection to a big courtroom
2023-08-16 08:55
Marc Becker, Co-Head of Impact Investing at Apollo, Dies at 51
Marc Becker, Co-Head of Impact Investing at Apollo, Dies at 51
Marc Becker, a 27-year veteran of Apollo Global Management Inc. and co-head of impact investing at the private
2023-08-16 08:53
Janet Yellen admits ‘enjoying’ hallucinogenic mushrooms on China visit
Janet Yellen admits ‘enjoying’ hallucinogenic mushrooms on China visit
Treasury Secretary Janet Yellen confirmed on Monday that she unwittingly ate a dish containing hallucinogenic mushrooms at a restaurant during a visit to China last month. “So I went with this large group of people and the person who had arranged our dinner did the ordering. There was a delicious mushroom dish,” she said on Monday. “I was not aware that these mushrooms had hallucinogenic properties. I learned that later.” “I … read that if the mushrooms are cooked properly, which I’m sure they were, at this very good restaurant, that they have no impact,” she added. “But all of us enjoyed the mushrooms, the restaurant and none of us felt any ill effects from having eaten them.” During the Treasury official’s visit to China last month, she and her team stopped at a location of Yi Zuo Yi Wang, a restaurant chain specialising in dishes from the Yunnan province, where a food blogger on Weibo spotted the top official eating a variety of Chinese dishes. “When I walked by their table on my way to the washroom, I slowed down to take a glance at the dishes they ordered,” the blogger wrote. That included an order of potentially hallucinogenic jian shou qing mushrooms, a delicacy in Yunnan province. “Our staff said she loved mushrooms very much,” the restaurant wrote on social media. “She ordered four portions of jian shou qing (a Yunnan wild mushroom species). It was an extremely magical day.” The mushrooms are “considered poisonous as they can be hallucinogenic,” Dr Peter Mortimer, a professor at Kunming Institute of Botany who studies the region’s mushrooms, told CNN. “However, scientists have not, as of yet, identified the compounds responsible for causing the hallucinations,”he added. “It remains a bit of a mystery, and most evidence is anecdotal. I have a friend who mistakenly ate them and hallucinated for three days.” Chinese state media quoted diners praising Ms Yellen for her interest in Chinese cuisine and warning about the impacts of the mushrooms. “You thought you were walking straight but you just fell sideways,” one person who had eaten a similar dish told the Xinhua state news agency. The restaurant where the secretary ate was quickly flooded with reservations. "We received a larger number of inquiries about bookings. We are fully booked for Friday and Saturday," a staff member told the state-owned Global Times. Read More Biden signs order barring US investment in Chinese chips, quantum computing and AI sectors Treasury Secretary Janet Yellen reportedly ate hallucinogenic mushrooms at restaurant during China visit China's Xi tells Kissinger that China-US ties are at a crossroads and stability is still possible
2023-08-16 08:15
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