There was a sense of hesitation in world markets on Friday about whether dramatic re-pricing of U.S. and European interest rate horizon over the past month was an overreaction and a New Year economic burst might prove to be a temporary fillip. Many central bank officials certainly seemed less quick to judgment. U.S. Federal Reserve […]
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The investment firm managing nearly $1.5 billion of assets for members of Nintendo’s founding family is willing to play a long game when it comes to portfolio companies and can wait more than a decade to see a turnaround, a top executive said. That timeline helps explain why Yamauchi-No.10 Family Office shows no sign of […]
A slew of cryptocurrency heavyweights including Coinbase Global Inc and Galaxy Digital ditched Silvergate Capital Corp as their banking partner after the lender’s latest filing raised questions about its ability to stay in business. La Jolla, California-based Silvergate, one of the most influential banks in the digital asset industry, has been reeling from the fallout […]
Europe will lose out to countries like the U.S. and Japan on new medical research, trials and treatments unless draft rules reforming the European pharmaceutical landscape change, the CEO of Danish drugmaker Novo Nordisk warned on Thursday. The European Commission will present its proposed overhaul of the bloc’s pharmaceuticals regulation on March 29, the first […]
Top energy executives and officials from around the world will descend on Houston next week just as the political fallout from Russia’s invasion of Ukraine a year ago continues to distort global oil supply lines and put long-term energy security front of mind for governments. Oil company chiefs and ministers will make their case for […]
German Chancellor Olaf Scholz will hold confidential talks on Friday in Washington with U.S. President Joe Biden about the war in Ukraine amid growing concerns that China may provide weapons to Russia as its invasion of Ukraine grinds into a second year. Scholz set off on the one-day trip, which unusually will not include a […]
Have you ever looked up at the night sky and wondered what else is out there? The universe is vast, and the search for planets capable of sustaining life has been a long-standing goal of NASA. However, due to the limitations of our technology, we have only been able to explore a small fraction of […]
Broadcom Inc forecast second-quarter revenue above estimates on Thursday, as increased investments in artificial intelligence spur demand for its chips used in data centers. In a deteriorating economy, where both consumer and enterprise spending is on a decline, AI has emerged as a bright spot for chip firms such as Nvidia Corp and Broadcom, due […]
An opposition-linked Polish mayor had his phone hacked using Pegasus spyware, Gazeta Wyborcza daily reported on Friday, amid allegations that the country’s special services have used the technology against government opponents. Reports in 2021 by the Associated Press that the software, developed by Israel-based NSO Group was used to hack the phones of government critics, […]
U.S. stock index futures inched higher on Friday as Treasury yields took a breather from a week-long rally, which was sparked by worries that the Federal Reserve would keep interest rates higher for longer to tame stubborn inflation. Wall Street indexes have had a volatile start to March after the latest economic data pointed to […]