Stocks slip before rates decisions as oil climbs: Markets wrap
Bitcoin rose 1% to $26 718.19.
Source: moneyweb.co.za
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CEO of fintech giant Ant Group pledges support for digital yuan
Eric Jing Xiandong said the e-CNY could be as valuable to industrial internet use as mobile payments were for consumer use.
Source: scmp.com
Webinar: July 25: MarketWatch - Harvard University Jason Furman on the Federal Reserve, Inflation, and the Outlook for the U.S. Economy by Barron's Events
Join Barron’s Live weekdays at noon, for timely and actionable insights tied to the coronavirus crisis. Dial-in to connect with top experts and our editors covering the outbreak, to hear the impact on markets, the economy, companies, real estate, and more. Session topics subject to change pending breaking news. Barron's senior managing editor Lauren R. Rublin, reporter Al Root and a special guest discuss the outlook for the aerospace industry.
Source: bigmarker.com
Jack Ma's clash with Beijing has cost Alibaba and Ant $1.14 trillion
The lost value for Mr Ma’s properties is a sign of how difficult it will be to rebuild trust with international investors. Read more at straitstimes.com.
Source: straitstimes.com
Jack Ma's fight with China cost investors in Alibaba and Ant $1.3 trillion
The $1.5 billion fine that China imposed on Jack Ma’s companies last week is just a tiny amount of the economic pain that Beijing inflicted on investors in Alibaba and Ant.
Source: afr.com