WuXi Biologics’ Options See Frenzy Amid US Policy Uncertainty
Traders have piled into options on WuXi Biologics Cayman Inc. to protect against potential swings, with its sister company’s earnings in focus on Tuesday.
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Traders have piled into options on WuXi Biologics Cayman Inc. to protect against potential swings, with its sister company’s earnings in focus on Tuesday.
Rahul Gandhi, the face of India’s political opposition, concluded a 65-day trek across the breadth of India Sunday, a day after the country’s electoral body announced the dates for the six-week long national elections starting April 19.
Australia is losing its appeal as a destination for international business events, and even high-profile rock stars, because of the carbon that’s emitted flying there, according to the head of the Tourism & Transport Forum Australia.
Tencent Holdings Ltd.’s earnings report due Wednesday may provide positive catalysts for its shares, which have plummeted about 60% from their record high three years ago.
South Korean marriages ticked up for the first time in more than a decade last year for a rare sign of improvement in a factor behind the nation having the world’s lowest fertility rate.
The South Korean won’s correlation with the yen has risen to the highest level in more than nine months as traders await a potentially historic policy decision by the Bank of Japan.
Asian equities slipped before a Bank of Japan policy decision where authorities are likely to bring an end to the world’s last negative rates regime.
Fidelity International plans to cut about 20 positions in China as part of global job reductions to trim costs, according to people familiar with the matter, a move that could potentially slow its expansion in the local 27 trillion yuan ($3.8 trillion) mutual fund market.
China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history.
Donald Trump accused Jews who support Democrats of hating their religion and Israel, resurfacing an attack he made as president on many Jewish Americans.
PGA Tour Commissioner Jay Monahan said he had a “constructive” conversation on Monday with Yasir Al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund, about an investment in PGA Tour Enterprises.
China’s Foreign Minister Wang Yi will hold closed door meetings with Australian business leaders and policy experts on Wednesday as part of his first visit to the country in more than seven years.
Joe Biden and Benjamin Netanyahu sought to turn down the heat in their unusually public feud over Israel’s war in Gaza Monday, but there was little sign the domestic political pressures that have pushed them apart are easing.
Oil held a gain with the impact of Ukrainian drone attacks on Russian refineries and OPEC+ supply cuts in focus.
Congressional leaders and the White House reached a handshake deal to fund the US government through Sept. 30, according to people familiar with the negotiations, after six months of bitter ideological clashes delayed finishing an annual spending plan.
The EU and the Philippines announced the resumption of their free trade negotiations, seven years after they were halted, Manila’s Department of Trade and Industry said in a statement.
Binance has asked prime brokers to run more stringent checks to keep US investors off the crypto exchange in the fallout from last year’s plea deal with the nation’s authorities, people with knowledge of the matter said.
Mastercard Inc. is broadening its reach in cross-border remittances through its partnership with Alipay, the mobile-payments super-app backed by Ant Group Co.
Gunvor Group Ltd. Chief Executive Officer Torbjörn Törnqvist estimates about 600,000 barrels of Russia’s daily oil-refining capacity has been knocked out by Ukrainian drone strikes.
Adani Group companies haven’t received any notice from the US Department of Justice regarding a probe into whether the Indian conglomerate may have engaged in bribery, according to exchange filings.
The Mexican government is preparing to take control of a quarry and port owned by Vulcan Materials Co. on the nation’s Caribbean coast after years of negotiations failed to produce a deal to buy the property, according to people familiar with the plans.
A federal judge in Utah took the extremely unusual step of sanctioning the Securities and Exchange Commission, saying that the regulator abused its authority in a case against crypto platform Digital Licensing Inc., known as DEBT Box.
Donald Trump has ruled out Vivek Ramaswamy as his running mate and is instead eyeing the entrepreneur for a Cabinet job, according to people familiar with the matter, as the Republican presidential nominee sizes up a possible administration.
Nvidia Corp. Chief Executive Officer Jensen Huang’s highly anticipated keynote failed to move the needle for his stock. But it turned out to be good for many of the company’s customers and partners.
Robinhood Markets Inc.’s commission free trading is now available throughout the UK — though the company said an effort to add margin lending to the offering is on pause.
The UK will need to build a backbone of pylons after 2030 running down from northeast Scotland through to northwest England to transport electricity from new offshore wind farms.
Energy bills for Australian households and small businesses may fall from July, in a fillip for the government that has been trying to relieve cost-of-living pressures driven by elevated inflation and high interest rates.
Donald Trump lost his bid to prevent testimony from a porn star and a Playboy model at the former president’s criminal trial in New York, where he’s accused of falsifying business records related to hush-money payments before the 2016 election.
New Zealand Prime Minister Christopher Luxon has been invited to visit China as Beijing seeks to discourage Wellington’s interest in joining the Aukus security pact
The International Monetary Fund is lending near a record amount to almost 100 countries, evidence of its growing role as a backstop against the financial and political dangers of the post-pandemic world.
Italian energy giant Enel SpA confirmed Monday it’s suspended the sale of subsidiary power distributor Edesur in Argentina as company executives become hopeful about President Javier Milei’s push to deregulate the sector, according to a company spokeswoman.
The Bank of Japan appears set to raise interest rates for the first time since 2007, while also axing unorthodox measures including its yield curve control program at the end of its policy meeting Tuesday.
Hunter Biden has rejected an invitation to testify at a public congressional hearing into business activities that are the focus of a faltering GOP impeachment inquiry of his father, President Joe Biden.
A legal brawl between Barings and upstart Corinthia Global Management over “one of the largest corporate raids at an asset manager in years” is laying bare just how fierce the competition is for experienced talent in the niche but lucrative $1.7 trillion private credit market.
On the first anniversary of UBS Group AG’s historic takeover of its former rival Credit Suisse, it’s becoming clear just how advantageous the deal has been for the bank. It has pushed its market capitalization past $100 billion to the highest level in almost 16 years and cemented its leading role in global wealth management.
Two global funds long cautious about Chinese equities have turned bullish, the latest indication of recovering investor confidence in the world’s second-largest stock market.
Rachel Reeves will promise to reform the UK Treasury to “hardwire” economic growth into its fiscal planning, as she sets out her economic vision for a Labour government to City of London bankers on Tuesday.
The UK will introduce legislation to set up an independent football regulator to re-distribute revenues between the top-tier Premier League and the lower English Football League, as the government intervenes to try to safeguard the financial sustainability of smaller clubs.
Actress and singer Selena Gomez has hired advisers to weigh offers for her cosmetics company, Rare Beauty, according to people familiar with the matter.
The biggest US wind and solar farm developer expects the growth rate of the demand for electricity to soar to keep up with artificial intelligence, electrification, cloud capacity and chip factories.
UK lawmakers rejected a slew of changes suggested by the upper House of Lords to its plan to deport asylum seekers to Rwanda, allowing Prime Minister Rishi Sunak to progress toward fulfilling his flagship immigration pledge.
Donald Trump and seven co-defendants want permission to appeal a Georgia judge’s ruling that Fulton County District Attorney Fani Willis can remain on the closely watched state election-interference case despite her romance with a top prosecutor.
A Chinese businessman who lives in the US pleaded guilty to charges he made $11,600 in illegal campaign contributions in a New York City race and to congressional candidates in New York and Rhode Island.
Nvidia Corp. Chief Executive Officer Jensen Huang showed off new chips aimed at extending his company’s dominance of artificial intelligence computing, a position that’s already made it the world’s third-most-valuable business.
Two- and five-year Treasury yields climbed to the highest levels this year as swaps traders and economists at Goldman Sachs Group Inc. forecast fewer Federal Reserve interest-rate cuts.
Nvidia Corp. launched a cloud service for researchers to test out their quantum-computing software, seeking to profit from a field that’s winning funding around the world despite yielding few groundbreaking applications so far.
A US Supreme Court justice refused to shield Donald Trump’s former White House adviser Peter Navarro from having to report to prison Tuesday, rejecting a request in a case with roots in the Jan. 6 Capitol riot.
Emerging-markets currencies dropped for a fifth straight day, extending the longest losing streak since November as traders prepare for a barrage of monetary policy decisions.
Those Starbucks Corp. pup cups and free waters aren’t going anywhere, top executives assured investors at the coffee retailer’s annual meeting.
Egypt’s credit outlook was lifted to positive by S&P Global Ratings after a long-awaited currency devaluation was poised to ease foreign currency shortages.
UK tech tycoon Mike Lynch masterminded a “massive fraud” to dupe Hewlett Packard Co. into buying his software startup for $11 billion, a US prosecutor told a jury.
Secretary of State Antony Blinken will use a visit to Manila to stress the US security commitment to the Philippines and emphasize freedom of navigation in the South China Sea at a time when China’s being more assertive in the region, a senior State Department official said.
Abaxx Technologies Inc., a financial technology startup founded by a former Goldman Sachs Group Inc. commodity strategist, is raising fresh equity as it prepares to launch trading in commodities futures.
The US Supreme Court extended a temporary hold on a Texas law that would let the state arrest and deport people who enter the country illegally, giving the justices more time to decide how to handle a politically volatile issue.
One of Democratic Republic of Congo’s most prominent journalists was sentenced to six months in prison for allegedly spreading false information about the investigation into the assassination of a top opposition politician.
The safety of intermittent fasting, a popular strategy to lose weight by limiting food intake to certain times, was called into question by a surprise finding from research presented at a medical meeting.
Starbucks Corp. announced changes to its regional executive structure as part of its aggressive expansion efforts.
UK defense company BAE Systems Plc is sounding out investors for a corporate bond sale that could top $4 billion to help refinance a bridge loan it used to acquire Ball Aerospace, according to people familiar with the matter.
Barings LLC is pausing making new investments across certain private credit funds while they transition to new leadership, after over 20 employees left for upstart Corinthia Global Management.
The Bank of Japan is poised to end on Tuesday its yield curve control policy as well as purchases of riskier assets such as exchange-traded funds, Nikkei reported, without saying where it got the information.
Nvidia Corp., the world’s third-largest company by market value, is turning into a casino for the YOLO trading crowd.
Crypto exchange OKX is ending its support of digital currencies traded against Tether Holdings Ltd’s USDT token for users based in the European Economic Area.
Senior officials from the Justice Department and other agencies will hold closed-door briefings in the Senate this week to advance legislation that would allow TikTok to continue operating in the US while being severed from its Chinese owner, according to people familiar with the matter.
Bakkt Holdings Inc. named a new chief executive officer and president as the crypto trading and custody platform faces being dropped from the New York Stock Exchange for failing to maintain listing requirements.
The Biden administration’s pause on liquefied natural gas export licenses needs to end after November’s presidential election, said Ryan Lance, chief executive of ConocoPhillips, the Houston-based oil and gas producer with a growing LNG business.
Mexico’s leading presidential candidate Claudia Sheinbaum vowed to keep up support for state-owned Petroleos Mexicanos, even while capping the company’s oil production in a push toward renewable energy.
A risk that’s been hanging over an illiquid corner of the US credit market since last year’s banking crisis seems to have been quietly taken off the table.
The rally in memecoins is powering a surge in Solana, the cryptocurrency that almost died amid the collapse of Sam Bankman-Fried’s FTX exchange.
The chief investment officer of Morgan Stanley Wealth Management has a warning for stock bulls: the structural forces weighing on the dollar are threatening to spread to US equities in turn.
Treasury investors are rushing for the exit in the world’s biggest long-maturity ETF ahead of two key central-bank decisions this week.
US gasoline futures have hit a six-month high as disruptions at Russian oil refineries and dwindling US fuel stockpiles exacerbate supply concerns ahead of summer driving months.
Exxon Mobil Corp. won’t move forward with one of the world’s largest, low-carbon hydrogen projects if the Biden administration withholds tax incentives for natural gas-fed facilities, Chief Executive Officer Darren Woods said during an interview.
The Biden administration warned Cuba’s government that human rights must be respected as social unrest builds on the impoverished, communist-run Caribbean island.
Portugal’s far-right Chega party said there’s still no agreement to back a government led by center-right coalition AD following the snap election held on March 10.
Ahead of the summer Olympics, dozens of dining rooms across the country receive stars.
Soho House & Co Inc. jumped the most in more than a year after its controlling shareholder hinted at progress around the members-only club going private, while bemoaning in a public letter that investors are focused on short-term profits.
(Bloomberg) -- Bundesbank President Joachim Nagel voiced his frustration that Europe still hasn’t completed the so-called banking union.
Mexico President Andres Manuel Lopez Obrador said the nation will continue to support state oil producer Petroleos Mexicanos as the company works to ramp up production at its local refineries and reduce its massive debt load.
President Joe Biden warned Israeli Prime Minister Benjamin Netanyahu a major ground operation in Rafah would be a mistake and the two agreed to hold talks in Washington about Israel’s war plans in the coming days.
Three months after Florida’s high-speed rail system, Brightline, disclosed a 21% decline in projected ridership for 2024, it’s cutting its forecast again.
The European Union has prepared legislation that would see Ukraine start to receive profits generated by frozen Russian sovereign assets as early as July.
Exxon Mobil Corp. is open to talking to Chevron Corp. about its proposed takeover of Hess Corp. as the oil giants spar over the deal’s implications for a massive offshore oil project in Guyana, Chief Executive Officer Darren Woods said in an interview.
Creditors of the two main property units in Rene Benko’s Signa conglomerate backed plans to sell off assets as part of a restructuring that’s expected to recoup about 30% of their money.
Donald Trump said he reached out to the world’s biggest insurance companies to seek help in arranging an appeal bond covering the $454 million verdict against him in New York’s civil fraud suit, and none would take his real estate as collateral. They all want cash and Trump says he doesn’t have enough.
Impala Platinum Holdings Ltd.’s Zimbabwean unit is offering staff voluntary redundancy packages to cut costs because of anemic metal prices.
China Evergrande Group, the defaulted developer at the heart of China’s real estate crisis, falsely inflated revenue by more than $78 billion in the two years leading up to its failure, according to the nation’s top securities regulator.
Foreign ministers of the European Union agreed on new sanctions related to the death of the Russian opposition leader Alexey Navalny in an Arctic prison last month.
CVC Capital Partners has talked to banks as it explores options including a sale of Universidad Alfonso X El Sabio, a Spanish private university, according to people familiar with the matter.
The owners of Höegh LNG Holdings are exploring a potential sale of the operator of floating liquefied natural gas terminals, people familiar with the matter said.
With each new week, Rishi Sunak’s grip on the UK political narrative appears to be diminishing.
While executives at IBM and other firms tried to soothe fears about AI entering the workplace, some keynote speakers told audiences to be wary.
Audi has unveiled its delayed Q6 e-tron, seeking to restore momentum to the struggling brand with a luxury mid-size SUV as sales of electric vehicles are cooling.
President Joe Biden is ramping up efforts to win back the western battleground states of Arizona and Nevada, with visits designed to shore up support from voters who backed him in 2020 and have since drifted.
Reckitt Benckiser Group Plc’s chief executive officer vowed to fight to overturn a verdict that blamed one of the company’s Enfamil formulas for the death of a premature baby.
Insurance executives and US health officials believe the worst effects of the Change Healthcare hack are easing and that the industry is in the last mile of the crisis.
European natural gas prices extended gains for a fourth day, the longest streak since the end of January, driven by supply cuts from the Freeport LNG facility and attacks on Russian energy infrastructure.
The US and Japan proposed a United Nations Security Council resolution that would warn countries against placing nuclear weapons in orbit, as it ramps up pressure on Russia to abandon potential plans to put warheads in space.
(Bloomberg) -- Cutting European Central Bank borrowing costs could help prevent a euro-area recession, according to Governing Council member Mario Centeno.
Croatia’s highest court said President Zoran Milanovic’s abrupt decision to run in next month’s election to become prime minister is “irreconcilable” with his role, a decision the head of state called a “coup” even as he signaled he’d respect the ruling.
The US Supreme Court signaled it’s likely to reject curbs on the Biden administration’s contacts with social media companies, hearing a case that will shape efforts to tackle election interference and misinformation during the final months of the 2024 campaign.