Kenneth Wilcox

China’s finance ministry has announced that it will commence the sale of highly anticipated long-term special treasury bonds worth one trillion yuan ($138.23 billion) this week, as part of Beijing’s efforts to stimulate critical economic sectors amid ongoing weakness. The bonds, which will span maturity periods of twenty, thirty, and fifty years, are scheduled…

The planned demolition of a significant section of the collapsed Francis Scott Key Bridge, which caused a cargo ship called the Dali to capsize almost seven weeks ago, has been postponed twice due to unfavourable weather conditions, including thunderstorms. Initially scheduled for Saturday, the demolition has now been moved to 5 pm Eastern Time…

The recent appointment of Andrei Belousov, former minister of economic development, as deputy prime minister in charge of industry and trade by President Vladimir Putin has sparked speculation and raised eyebrows in military circles. This significant move marks a major shake-up in the Russian administration, following Putin’s constitutional reforms last year that allowed him…

According to FxPro trader Alex Kuptsikevich, Bitcoin (BTC) could face a panic sell-off if its price falls below $60,000 in the near future. Crypto traders are currently targeting a break above $65,000 before sentiment can be considered bullish. BTC temporarily rose above $63,000 in European morning hours on Monday, causing alternative and major tokens…

Amid anticipation for crucial economic data, U.S. Treasury yields dropped marginally on Monday as investors kept an eye on upcoming updates from key inflation indicators and statements from Federal Reserve officials scheduled for the week. As of 5:01 a.m. ET, the yield on the 10-year Treasury decreased by more than one basis point to…

According to a report from Bloomberg, a consortium consisting of investors including Starwood Capital Group and SSW Partners is considering a potential buyout of Asian warehouse developer ESR Group Ltd. The group is currently speaking with minority shareholders regarding the proposal, although nothing has been finalized. While an announcement may be made as soon…

Italian energy conglomerate Eni is considering spinning off stakes in high-potential oil and gas projects, such as those in Indonesia and Ivory Coast, to help finance their development and focus more capital on low-carbon activities. This strategy, known as splitting operations into separate entities or satellites, would allow investors to choose where to place…

In recent news, SoftBank Group reported a significant increase in profits during the first quarter of 2023, with a net profit of 328.9 billion yen ($2.11 billion). This marked the second consecutive profitable quarter for the tech investment company, which has historically experienced volatile earnings and large bets on technology start-ups. The impressive results…

The proposal by Malaysia’s Minister of Plantations and Commodities, Johari Abdul Ghani, to gift orangutans to countries that purchase its palm oil has faced strong opposition from conservationists. Critics argue that this move is “obscene” and “hypocritical,” given that palm oil production is a major contributor to the dwindling number of orangutans in the…

Equinor, the Norwegian oil and gas company, has risen to prominence as Europe’s primary supplier of natural gas following Russia’s invasion of Ukraine. This has resulted in increased scrutiny over the continent’s reliance on a single supplier, despite concerns over the environmental impact of continuing to rely heavily on fossil fuels. Equinor now supplies…