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Beijing prodding may have reversed much of the week’s equities market pain, though I doubt positive sentiment will return anytime soon. Click here to read a weekly update.

Furious interventions by Russia’s central bank as well as rising oil and gas prices that have boosted its energy revenue have helped keep the currency afloat.

The White House said it was sticking by Sarah Bloom Raskin, Biden’s pick to be the Federal Reserve’s vice chair for supervision, after Manchin and Collins said they would not support her.

The vanishing billionaire: How Jack Ma fell foul of Xi Jinping 25 minutes to read By: Ryan McMorrow and Sun Yu Alibaba founder's dramatic rise and fall illustrates China's wary embrace of tycoons who power economic growth. China's most outspoken billionaire has gone silent. No one has seen Jack Ma at the business school he founded. Nor at his tai chi studio. His raucous speeches headlining an annual meeting of entrepreneurs in his home province of Zhejiang have been put on hold. Since Chinese President Xi Jinping unexpectedly called off the blockbuster public offering of Ant...

Beijing hints at truce in war on Jack Ma's business empire 14 Apr, 2021 05:43 AM 5 minutes to read Jack Ma's Ant Group will be forced to impose tough remedies following a Beijing-ordered restructuring. Photo / Getty Images Jack Ma's Ant Group will be forced to impose tough remedies following a Beijing-ordered restructuring. Photo / Getty Images Financial Times By: Tom Mitchell, Ryan McMorrow and Yuan Yang The contours of a possible truce between Beijing and Jack Ma's internet empire are beginning to take shape, with the Chinese billionaire's ecommerce flagship Alibaba faring better than its s...